set up company
International Business Companies in RAK Offshore
The International Business Companies
(IBC) Registry allows foreign investors to register offshore companies as RAK
Offshore
set up a company
Registration is simple and fast,
usually incorporated within 24 hours of submission (subject to time
difference). There are no restrictions on IBC formations, any non-resident
individual or corporate entity can register a company offshore and IBCs bear
the ending of 'Limited' or 'Ltd’ in RAK.
Main features of UAE Offshore Company
are:
x It cannot carry on business
within the UAE
x It does not need to have
physical offices in the UAE
x It may have non-UAE resident as
director or shareholder
x It may own real estate in the UAE,
with prior authorization from RAK Investment Authority
setting up company
x It may not do banking and
insurance business without special license
x It may maintain bank accounts and
deposits in the UAE or worldwide
x It is not obliged to
maintain its books and records
x It may hold shares in other UAE
and worldwide companies
x Complete remote set up
On top of being investor friendly
and uncomplicated in setting up, RAK Offshore is also subject to 0% tax rates.
RAK Offshore has also signed double
taxation prevention treaties that are aimed at making the UAE a more attractive
territory.
At this time, RAK Offshore currently
holds double-tax treaties with over 30 countries. These agreements prevent
individuals and corporations from being susceptible to paying tax on the same
item during the same time period.
Companies that set up in RAK
Offshore are entitled to the following:
x Reduced Dividends Tax.
x Exempting Deposits from Tax
x Exempting Capital gains from Tax-
0%
x Exempting national air carriers
and shipping companies working in international traffic from taxes and fees
x Exempting Government Sector
Establishments from Taxes on Dividends, Interest and Capital Gains
x The Significance of the Tax
Agreements to the Foreign Investor and the Investment funds
x Impact of the Tax Agreements on
attracting Foreign Investments and capital Movements
x 100% income tax exemption
x 100% corporate tax exemption
X 100% capital and profit
repatriation
X 100% ownership in Free Zones
X 0% Withholding tax
The UAE is not a member of the
Organization for Economic Cooperation and Development (OECD) and therefore not
on the OECD list of tax havens (nor the FATF blacklist).
RAK Offshore has long enjoyed a
reputation as a secure, tax-free jurisdiction for international banking and
company incorporation. With international trading benefits, it could be the
ideal vehicle for your clients.
For further
information on fees and requirements, please contact myself or one of our sales
team and we will be happy to supply this to you.
Please do
not hesitate to contact myself or a member of our team for further information.
setting up companies
I look
forward to hearing from you shortly. www.dubaibusinesskey.com
Kind
regards,
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