Insurance, reinsurance and pension funding, except compulsory social security

Insurance activities are explicitly listed as Excluded Activities under the Qualifying Free Zone Person regime. Income derived from these activities is subject to the 9% Corporate Tax rate if the de minimis threshold is exceeded, or if the entity fails to meet the strict separation of qualifying vs. non-qualifying revenue streams.

Audit Red Flag

Attempting to recharacterize insurance brokerage or captive insurance as 'Consultancy' or 'Headquarter Services' to bypass the Excluded Activity classification.

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