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The Best & Recommended Offshore Jurisdictions For International Business and Investment
Ras Al Khaimah
Company Formation Services
Register your Company in RAK
United Arab Emirates
Ras Al Khaimah is one of the fastest growing emirates in one of the fastest growing economies in the world, the United Arab Emirates. Renowned for its natural beauty and art de vivre, Ras Al Khaimah has also gained a reputation for being a transparent, tax-free, corruption-free and no-red tape to do business.
Its booming economy and proximity to other major international centres like Dubai has attracted hundreds of large, medium and small businesses from every part of the world; now, RAK Offshore is making it possible for non-resident corporations, entrepreneurs and individuals worldwide to enjoy all the advantages which were available only to resident entities.
RAK Investment Authority
RAK Investment Authority is a fully fledged business and industrial arena offering competitive Free Zone and Non Free Zone facilities. RAK Investment Authority offers industrial and business investors the benefit of smooth set up of their operations in a dynamic and synergistic environment.
imes for modern business purposes such as private equity and property investment fund structures. This article looks at the advantages of the SLP which make it so attractive to fund managers, promoters and investors, both domestic and overseas.
Why choosing to incorporate a RAK Offshore company?
Why a RAK Offshore IBC is an excellent corporate structure:
The IBC is tax-free;
The IBC portrays a good image to your Clients and suppliers;
There is no public register of shareholders and directors;
The RAK Offshore IBC is quick to incorporate.
It is strictly confidential.
However, you must note that:
- The RAK Offshore IBC is not permitted to trade in the United Arab Emirates (UAE);
- The RAK Offshore IBC cannot rent local premises in the UAE;
Why choosing RAK Offshore?
In the current worldwide economic situation, RAK is becoming very efficient place to incorporate your offshore company.
UAE looks set to reap the rewards of the EU ruling under which banks are now forced to reveal information to tax authorities; the EU Savings Directive obliges financial institutions in all EU member states to either disclose tax and bank information to the relevant tax authority, or charge clients a hefty withholding tax.
Though the new directives will specifically affect EU residents, a number of banks in ‘tax havens’ have also agreed to exchange customer information, including Jersey, Guernsey, the Isle of Man, the British Virgin Islands, the Cayman Islands, Switzerland, Liechtenstein, Monaco and San Marino.
The reputation of discretion for some of these countries is being eroded. In order to keep details of their wealth private, bank customers now have the option of paying a withholding tax which will be levied directly in the country in which their savings are held.
UAE has long enjoyed a reputation as a secure, tax-free jurisdiction for international banking and company incorporation. With this latest development from Europe, RAK company registration and corporate and personal banking options are becoming more popular with international businesses and high net worth individuals.
Main Advantages of RAK Offshore Company
100% income tax exemption
100% corporate tax exemption
100% capital and profit repatriation
100% ownership in Free Zones
No capital gains tax
No Value-added tax
No Withholding tax
Proximity to entire Gulf and global markets
Low start-up costs
Absolute privacy, confidentiality and protection of assets and information
100% foreign ownership
Ability to maintain bank accounts (Current Account) in the UAE
Limited liability company
Minimum one director required, one shareholder and one secretary ( it can be the same person )
Own real properties in the UAE
Annual Audit Report not required to be submitted to the Authority
Time frame of 24 h
It does not require the shareholder/director to be physically present in the UAE for incorporation
No restriction on nationalities
What a RAK Offshore IBC may and may not do
- It may have non UAE resident as director or shareholder.
- It may have UAE resident as director or shareholder.
- It may have corporate shareholder/corporate director
- It does not require the shareholder/director to be physically present in the UAE for incorporation
- It may hold shares in other UAE and worldwide companies.
- It may maintain bank accounts and deposits in the UAE or worldwide.
- It may own real estate in the UAE, with prior authorization from RAK Investment Authority.
- It is not obliged to maintain its books and records.
- It cannot have physical offices in the UAE.
- It may not carry on business within the UAE.
- It may not obtain UAE Residency Visa.
- It may not do banking and insurance business without special license.
Main activities a RAK Offshore IBC can hold Outside UAE
Most of RAK Offshore IBC’s are designed for:
Consulting and Advisory Services
International business services
Shipping and ship management companies
Main activities that a RAK Offshore company can hold inside UAE
Holding Bank Account
Property Owning (Freehold Areas)
Why Global Premier?
What separates us from our competitors is that our services don’t end with the registration of your company. We offer a wide range of additional services others can’t or just won’t offer, such as lifetime free support.
Whilst most providers either specialise on personalized consultation at relatively high rates or run bulk registration factories without any support, we want to offer the positive aspects of both types.
Therefore Global Premier combines professional advice, worldwide registration services, reasonable fees, customized order processing, lifetime support and fast processing. Where others see company formation services as a bulk registration with no support and no individual assistance, we do care about your business needs.
Should you have any question or matter
You would like to discuss or clarify with us
Should you like to receive further Information
About our services and fees, …
Our multi-lingual team of business advisors is happy to assist you with all upcoming questions and issues in relation to your company.
You may call or email us, and we will be happy to assist you in a fast and efficient manner.
You can also come and visit us at our Limassol offices to discuss issues face to face if you prefer. Just arrange an appointment and we will be happy to meet with you.