Why to form a Ras Al-Khaimah (RAK) offshore company:

RAK Offshore Company

Ras Al-Khaimah (RAK) is one of the members of United Arab Emirates. RAK offshore company has a very flexible corporate policy and pays special attention to small and medium-sized businesses, allowing them to conduct their business through the creation of specialized tools and enjoy the benefits of the results, some of which are listed below:

• Asset protection and planning,
• Confidentiality of execution,
• Tax planning,
• No exchange controls,
• Access to excellent communications,
• Developed banking infrastructure.

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Who and for what should choose RAK offshore company:

• Entrepreneur,
• Consultants,
• International trade,
• Commerce on the Internet,
• Stockbrokers,
• For inheritance purposes,
• Intellectual property holding rights.

Click here to discover how to incorporate your RAK offshore company step by step.

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Advantages of an offshore company in RAK:

• Corporate tax – 0%,
• No corporate, personal, sales or withholding taxes applied in the UAE,
• Absolute confidentiality,
• 100% foreign ownership,
• A double tax treaty network,
• No annual reporting requirements,
• No Accounting,
• No restrictions on repatriation of profits and capital,
• Absence of exchange controls,
• Flexibility to act as the global holding company for all international activities.

Disadvantages of a RAK offshore company:

• Ownership can be difficult to prove, because of lack of public registers.

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See also:

– The main characteristics of RAK offshore company,

– Steps how to open bank account for your offshore company,

– Learn about Money Laundering Regulation,

– What are the solutions for International Investment Structures.