Ras-Al-Khaimah (RAK) Ras-Al-Khaimah (RAK) EU and United Arab Emirates (UAE) have finalised a deal allowing citizen of all EU state members to travel visa free to UAE. This step will help to boost development of business between two blocks. UAE like Cyprus and Singapore has good terms for offshore companies by offering zero rate tax for offshore companies registered in free zones like Ras Al Khaimah, Ajman, Jebel Ali and Fujairah. Ras Al Khaimah or RAK is one of oldest and most known. It offers many benefits for trade and international tax planning. Procedure of incorporation of RAK offshore company is very straight forward and easy to follow.
Taxation and bookkeeping for RAK offshore companies.
There are very simple rules for RAK offshore companies. There is no federal tax legislation in the UAE, each emirate has its own tax law. Only oil, gas and petrochemical companies are required to pay taxes. Please follow this link to read more about Ras Al Khaimah tax system. Another free zone jurisdiction which is regularly used is Jebel Ali
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