Qualifying Free Zone Person

A Qualifying Free Zone Person must meets ALL of the following conditions:

Maintains adequate substance in the State.
Derives Qualifying Income as specified in a decision issued by the Cabinet at the suggestion of the Minister.
The Person shall undertake its core income-generating activities in a Free Zone and, having regard to the level of the activities carried out, have adequate assets, an adequate number of qualified employees, and incur an adequate amount of operating expenditures.
Has not elected to be subject to Corporate Tax under Article 19 of this Decree-Law.
Complies with Articles 34 (Arm’s Length Principle) and 55 (Transfer Pricing Document)
Meets any other conditions as may be prescribed by the Minister.

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