Key benefits

Key benefits

Ras Al Khaimah (RAK)

Source image: View of lagoon & golf course by https://www.flickr.com/photos/mccaffrey_uk/ / CC BY-SA 3.0

Ras Al Khaimah (RAK) is the fourth largest emirate in the United Arab Emirates (U.A.E) and one of the fastest growing emirates in one of the fastest growing economies in the world. Located in a strategic location in the heart of the Middle East and enjoying stable governance the emirate boasts numerous businesses that compete successfully in numerous global markets. The RAK economy is unique in the fact that it has minimal dependence on oil, unlike many other emirates in the region, and instead focuses on the sectors of agriculture, tourism and manufacturing.

It is now possible to establish an offshore business in RAK. Since the inception of offshore company formation in 2003, the UAE has emerged as a major business hub in the Middle East. It offers businesses and individuals a wide range of comprehensive services and structures whilst retaining confidentiality. RAK Offshore is a dynamic, rapidly expanding business and financial centres worldwide with unique competitive advantages that will appeal to a wide variety of businesses, entrepreneurs and investors.

There are numerous benefits to incorporating a company in RAK.

 Any non-residential individual or corporate entity can register an offshore company in RAK. These companies are very flexible financial instruments and can be used to serve many objectives such as tax planning, trusts, funds, real estate holdings etc. RAK offers businesses and individual a wide range of services and structures dedicated to non-residents.

Below is a summary of benefits to utilizing a RAK Offshore Company:

  • English is widely spoken and all business documents can be produced in English if required
  • 100% foreign ownership is permitted
  • Only one director and one shareholder is required
  • RAK boasts a well developed, credible financial regulatory framework which includes strict adherence to International Standards such as international anti money laundering regulations
  • The cost to create and maintain an RAK Offshore Company is relatively low
  • RAK has a well established communication network and solid banking infrastructure
  • No restrictions on hiring manpower if required with easy access to a large pool of well-qualified, highly training professionals
  • A high degree of confidentiality is guaranteed
  • A tax free environment with no exchange controls
  • Low cost of incorporation and maintenance of a RAK Offshore Company
  • RAK has a comprehensive Double Taxation Treaty, countries feature include: New Zealand, China, Malaysia, Malta, France, Italy, India, Singapore, India, Germany and Finland amongst others professionals
  • A high degree of confidentiality is guaranteed
  • A tax free environment with no exchange controls
  • Low cost of incorporation and maintenance of a RAK Offshore Company
  • RAK has a comprehensive Double Taxation Treaty, countries feature include: New Zealand, China, Malaysia, Malta, France, Italy, India, Singapore, India, Germany and Finland amongst others

Take the next step, we are here to help.

Register a RAK company.
Open a RAK bank account.

  Resources:

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The terms of Hong Kong's new register of significant controllers and what it means for companies

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The UK Persons of Significant Control Register & its impact on companies

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The requirement to maintain a register of people with significant influence or control, more commonly known as the PSC register was introduced to mandate all unlisted companies in the UK, including LLPs and dormant companies to maintain a register identifying those with significant control over a company.

Cyprus implements the Hague Convention, legally recognising Trusts as a type of Equitable Law

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