What is Qualifying Income?

The determination of qualifying income depends on the nature of transactions and the parties involved.

1. Transaction with another Free Zone person: If your business transactions are with another business entity within the same Free Zone, the income generated from these transactions can be considered as qualifying income.
2. Transaction with a non-Free Zone person: If your business transactions are with an entity outside the Free Zone, the income from these transactions may not be considered as qualifying income.
3. Income from all other transactions: All other income, provided they satisfy the de minimis requirements, can be considered as qualifying income.