Since the end of 2006, the emirate of Ras Al Khaimah (United Arab Emirates) started to approve the registration of offshore companies. Since then, an impressive number of international investors was attracted. The term offshore company usually gets tied to countries such as the British Virgin Islands, Panama, the Seychelles, Hongkong and many other worldwide well known offshore countries. Even if being the new kid to the block, Ras AL Khaimah successfully established itself in the industry very fast. One of the reasons is definitely the easy and inexpensive registration with a minimum of bureaucracy which no other country accept Ras Al Khaimah can provide. IBC corporations are anonymous and are usually used as a financial instrument for securing investments in real estate and other financial assets. They are also an instrument for securing inheritance situations and the taxations issues which evolve from there.
Ras Al Khaimah – a commercial hub
By now, Ras Al Khaimah offshore became an extraordinary commercial hub with an innovative, dynamic and entrepreneurial culture. Ras Al Khaimah is strategically located at the crossroad of trades and the global markets between east and west. It is perfectly positioned for services and access markets which combines the near east, Africa, the india sub-continent and the GUS countries. Furthermore, Ras Al Khaimah is located in a time zone which brings together the markets of the far east and the USA. For optimised usage of this advantage, Rak develops an amazing infrastructure with optimised air and haven institutions. By now, the RAK is the are with the best infrastructure in the entire region.
Ras Al Khaimah has a future oriented and fast acting government with a progressive pro business attitude. Additionally, the government has a strong commitment to privat businesses and it is politically very stable.
A positive tax and toll system and business friendly regulations play a crucial role in accumulating corporate investments every where around the world and in almost all industries. Strong economical indicators and inexpensive costs in the working environment have added to the fast development and the big wealth. Ras Al Khaimah is a modern, save, multi-cultural place with state-of-the-art and modern health care. Additionally, you will find a lot of opportunities for education, entertainment, shopping and sports which ensure a high living standard. Ras Al Khaimah is the perfect place to establish and present a modern and professional multinational corporation.
Additionally, the United Arab Emirates are listed on the OECD Whitelist jurisdiction and has 26 tax conventions with high profile countries around the world.
RAK offshore corporation and the most important functions:
• 100% foreign ownership
• RAK offshore corporations are not subject to 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 granted approval by the investment authority of Ras Al Khaimah
• Privacy protection, confidentiality, asset protection
• intellectual property, such as patents, brands and copyright
Regulated services and taxes of a RAK offshore corporation:
• 100% income tax exemption
• 100% corporate tax exemption
• 100% capital protection and repatriation of profits
• 100% asset ownership in free trade zone
• no import or export taxes
• no capital gains taxes
• no added value taxes
• no withholding taxes
• located near the entire golf region and global markets
The name of the corporation has to end with ‘Ltd’, ‘Corp’, ‘SPA’, ‘Inc’ or ‘LLC’.
Registration of yachts and sport boats in the RAK offshore
RAK offshore offers owners of yachts and sport boats the tremendously interesting and advantageous opportunity to register their ships, from all over the world, in an open registry. The inspection and registration was made very simple through an international network of certified surveyors which makes it uncomplicated, fast, comfortable, secure and inexpensive to sail under a new flag.
You can find more information here: https://uae-company-service.com.