offshore company in dubai
Rak-Offshore
Offshore centers are often used for a variety of business purpose ranging from setting up business entities to owning overseas financial and real estate assets, inheritance planning, setting up holding companies and special purpose vehicles, ship registration and tax optimization.
The RAK launched the International Business Companyconcept in January 2007. These IBC’s are regulated by the International Business Company Regulation 2006 – RAK investment Authority.
WHAT ARE THE UAE AND RAK OFFSHORE UNIQUENESS?
UAE is a real country with real economy.UAE is not a dependent or overseas territory of another country and is white-listed.UAE has Double Taxation Avoidance Agreements (DTAA’s) with several countries, nowadays more than 40.
WHAT ARE THE REQUIREMENTS FOR RAK OFFSHORE?
All offshore companies established in the UAE are required to have
A Registered Agent the registered agent will have to be one that is approved by the authority under which the offshore company is set up and the agent will have to be located either in the free zone itself or in the UAE. In addition we registered one Law Office in Cyprus and one in NigeriaA registered Office – this is the office of the registered agent. The registered office is where all the offshore company’s notices and correspondence will be addresses.
WE PROUDLY ANNOUNCE THAT WE ARE REGISTERED AGENT WITH RAK OFFSHORE WE ARE THE BEST SERVICE PROVIDER!
Therefore the clients must instruct a registered agent (lawyers, accountants and business consultants) for the offshore companies set up in order to receive and deal with any communications from the relevant authority.
WHAT ARE THE ADVANTAGES OF SETTING-UP A RAK OFFSHORE IBCS?
100% foreign ownership of the offshore company is allowed and therefore there is no need for a UAE national to be a shareholder or sponsor
The offshore company will be exempt from all corporate and income taxes. There are no foreign currency restrictions. Full repatriation of the offshore companies profits and capital is allowed. The setting-up costs are less that of an onshore company. There is no onshore office and accordingly, there are no employees and related costs. Only minimum capital is required to set-up an offshore company. The offshore company can own interest in real estate (as approved by the relevant authority where the offshore company is registered) in the UAE and can act as a Holding.
And the restrictions placed on Offshore Companies:
The offshore companies are restricted from carrying out activities in the UAE.The offshore company cannot carry on a banking business or undertake the business of an insurance or Reinsurance Company, insurance agent or an insurance broker. The offshore company cannot carry on any business which may be restricted by the relevant authority and its regulations under which the offshore company is established.
Besides this, RAK Offshore wants to offer their clients to register their private yacht and pleasure boats in Ras Al Khaimah. By registering yachts and boats with RAK Offshore, there will be lots of financial advantages, ow initial registration & annual maintenance fees and easy registration process. We already signed a MoU with the RTA in Abu Dhabi.
In the next future, after the respective approvals, they will start offshore financial business activities, different kinds of trusts and foundations, as there is a huge growing demand for charitable trust, funds and foundations.
All these activities will be put together in Financial City which is expected to become a new generation Offshore Financial Center (OFC)
Ras Al Khaimah is then a center combining with the benefits of a Free Zone, an Offshore Financial Center and Business Center.
FOR FURTHER DETAILS PLEASE
EMAIL:QAISERBARI@GMAIL.COM
100% income and corporate tax exemptions100% capital and profit repatriation100% ownership in freezonesNo foreign exchange control Avoidance of double taxation with many countries No restrictions on hiring expatriates
Good logistic support excellent port facilities Easy access to GCC countries Strategic location being near to large markets Zero corruption and minimum bureaucracy Stable government and investor friendly policies Quality lifestyle at affordable cost compared to other emirate
RAK OFFSHOREtakes special care to give small and medium enterprises the option of off-shoring their business through the creation of dedicated instruments, and enjoying the resulting benefits, some of which are listed below:
COMPLETE ECONOMICAL OVERVIEW OF RAS AL KHAIMAH ... Send us Email for further details.
Ras Al Khaimah has earned its reputation as a pre-eminent commercial centre with an innovative, dynamic and entrepreneurial business culture. Strategically located at the crossroads of trade and commerce between East and West, it is ideally positioned to service and access markets that span the Middle East, Africa, the Indian Subcontinent and the CIS countries. Moreover, it occupies a time zone that allows it to connect markets like the Far East and the US. To leverage this advantage, it is developing a world-class infrastructure, air and port facilities, making it the most well-connected hub in the region.
RAK Government's proactive approach in creating the right infrastructure and logistics support for industries along with its investor friendly business environment has attracted many global industrial majors to set up base in the emirate.
The emirate is noted for the range and scope of its industries, covering an entire spectrum from building materials, steel, glass and pharmaceuticals to high- end optical data storage disc manufacturing and composites.
Politically stable, Ras Al Khaimah has a forward-looking, responsive government with a progressive, pro-business attitude and a strong commitment to the private sector. Business-friendly regulations and a favourable tax and customs framework have played a key role in attracting business investment from all over the world in almost every sphere of economic activity. Strong economic indicators and a relatively low cost work environment have contributed to its rapid development and prosperity. A modern, safe, multi-cultural place with state-of-the-art medical, education, entertainment, shopping and sports facilities that ensure a high quality of life, Ras Al Khaimah is the location of choice for the modern professional and an ideal location for multinationals to establish a regional presence.
RAK economy is based on leveraging on natural topography, consisting of 65 km of coastal silver sandy beaches, Majestic mountains on the eastern side for hill resorts, Un-spoilt desert plain in the central region for commercial & industrial projects and green belt in the southern side for agriculture developments. RAK is indeed blessed with abundance of natural beauty on one hand and unique location on the other which has allowed us to strategize our economic development on two pillars, namely, Tourism & Industry.
The Best Regulatory Environment
Relatively Low Cost Work Environment
The Best Connected Location in the Region
Easy Access to Regional Markets
Thriving Tourist Destination
Cosmopolitan Work Environment
An Island of Calm & Safety
MR Peter-Michael Schuster set up RAK OFFSHORE from ground-up in 2006. Nowadays the team consists of 25 staff members, lawyers, paralegals, customer support and sales/marketing executives from different countries.
Based on the successful efforts of the team, more than 4,000 Offshore IBC’s are registered within RAK OFFSHORE through Registered Agents, mainly Law firms, Business and Tax Consultants and Chartered Accountants and Audit Firms.
Peter-Michael Schuster earned a MBA from the University of Hamburg with majors in Banking, Auditing, and Business Law.
As a former Investment Banker with Dresdner Bank AG, Germany he worked in Panama, Milan, Prague, Shenzhen, Hongkong, Bangkok, Moscow and St. Petersburg in GM a
www.dubaibusinesskey.com
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