Ras Al Khaimah Offshore
Since the end of 2006, the emirate of Ras Alk Khaimah (UAE) has admitted registration of offshore companies und since attracted an impressive number of international investors. Traditionally, the term offshore company evokes the image of countries such as the British Virgin Islands, Panama, the Seychelles, Hongkong and other traditional offshore nations.
Meanwhile, Ras Al Khamain, as newcomer in this branch of industry, has quickly and successfully gained a foothold. One of the reasons for this may be found in the emirate‚Äės uncomplicated bureaucracy and cost-efficient registration process, which virtually eliminates their competition. IBCs offer anonymity and are usually employed as financial instrument in real estate investment and asset protection. They are also instrumental as protective insurance in inheritance law issues and resulting tax advantages.
Ras Al Khaimah offshore earned its status as an outstanding commercial centre with innovative, dynamic and entrepreneurial culture. Ras Al Khaimah is strategically located on the crossroad of trade and the global markets between east and west. It is perfectly positioned for services and access markets which involve the Near East, Africa, the Indian sub-continent and the CIS countries.¬† Furthermore, it is located in a time zone which brings together markets in the Far East and the USA. For a perfect use of this advantage RAK is developing into a world-class infrastructure and it has the perfect air and haven facilities which made it become the best connected centre in the region.
Politically stable Ras Al Khaimah has a future oriented¬† and quick-responding government with a progressive pro business attitude and a strong commitment for the private economy. Business friendly regulations and a positive tax and tariff system play a crucial role in winning over company investments worldwide and in almist every industry. Strong economical indicators and rather llow labour costs have developed into a fast progress and great wealth. Ras Al Khaimah is a modern, safe, multicultural place with state-of-the-art, modern medical care. Furthermore, you have great opportunities for education, entertainment, shopping and sport which ensure a high quality of life. Ras Al Khaimah is the perfect location to establish and present a modern, professional and multinational society. The United Arab Emirates are on the OECD whitelist jurisdiction and has signed 26 double tax agreements with big countries.
The most important functions of a RAK offshore corporation:
- ¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬† 100% in foreign ownership
- ¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬† RAK offshore corporations¬† don‚Äôt underlie any taxes or duties in the United Arab Emirates
- ¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬† RAK offshore corporations are allowed to have a bank account in the United Arab Emirates
- ¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬† RAK offshore corporations can own real estate in the United Arab Emirates with the approval of the Al Khaimah Investment Authority
- ¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬† Privacy, confidentiality and asset protection
- ¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬† Intellectual property such as patents, brands and copyright
Tax and services according to the regulations of a RAK offshire corporation:
- ¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬† 100% income tax exemption
- ¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬† 100% corporate tax exemption
- ¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬† 100% capital protection and repatriation of profits allowed
- ¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬† 100% asset in free trade zone
- ¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬† No import or export taxes
- ¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬† No ¬†capital gains tax
- ¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬† No betterment tax
- ¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬† No withholding tax
- ¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬† Located near to the entire gulf and global markets
The name of the corporation must end with “GmbH”, “Ltd”, “Corp”, “SPA”,¬† “Inc”, “AG” or “SA”.
RAK Offshore Marine
Because of the fast increasing number of people who own yachts and sport boats, RAK OFFSHORE offers owners the possibility to register them from anywhere in the world.¬†¬† The registration is not complicated, quick, safe and comfortable with the help of a good register agent for example uae-company-service.com. The inspection and the registration under a new flag was made easy through a network of licensed evaluators.