Most contractors look to the Middle East as a place to increase their earnings and the focus on maximizing your net return is particularly high. However we find the basic contractor tax needs are still present: to keep their independence, retain as high a % of gross earnings as possible, remove the burden of administration, ensure Work Permit compliance and to avoid the wrath of the taxman. Our Middle East partners have just the solution for you!
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The Middle East region with its ever increasing opportunities for international contractors, exciting expat lifestyle, year round sunshine, riveting culture and largely low personal income tax rates is a sought after contracting work location. One of the significant drawbacks for international contractors is the difficulty in obtaining local taxation expertise.
The tax systems of the Middle East are all completely different to those that international contractors are used to and the authorities are growing ever more aggressive in targeting Contractor Management Companies and Contractors. It’s highly recommended to obtain expert advice on your payment structure if you are contracting or intend to contract in the Middle East.
Your expected net return in the Middle East can vary from between 60% and 100% depending on a number of factors: which country you are working in, length of your contract, intended length of stay, the industry you work in, number of dependents, your nationality, whether the contract is direct to client or through a recruitment agency and so on. There are a number of options available to you and the one that is best suited to your circumstances will depend on the answers to the above questions.
Contact us now and provide us with information on your specific situation and with our vetted Contractor Management partners we will ensure that you net the highest possible % of your gross income whilst ensuring that you are compliant with the local and international regulations.
This is a free service.