What are the Qualifying Activities?

According to the Ministerial Decision No. (265) of 2023, include:

• Manufacturing of goods or materials

• Processing of goods or materials

• Trading of Qualifying Commodities

• Holding of shares and other securities for investment purposes

• Ownership, management, and operation of Ships

• Reinsurance services

• Fund management services

• Wealth and investment management services

• Headquarter services to Related Parties

• Treasury and financing services to Related Parties

• Financing and leasing of Aircraft

• Distribution of goods or materials in or from a Designated Zone

• Logistics services.

• Any activities that are ancillary to the above Qualifying Activities

  Meanwhile, excluded activities are;

• Transactions with natural persons, except some specific transactions related to ‘Qualifying Activities.

• Banking activities.

• Insurance activities, without prejudice to the ‘Qualifying Activities’ listed as reinsurance services and headquarters services.

• Finance and leasing activities without prejudice to some specific ‘Qualifying Activities’.

• Ownership or exploitation of immovable property, other than Commercial Property located in an FZ where the transaction in respect of such Commercial Property is conducted with an FZ Person.

• Any activities that are ancillary to the ‘Excluded Activities’ specified.