RAK Offshore: The RAK Investment Authority (RAKIA) launched the concept of the International Business Company in January 2007; this type of enterprise has since become one of the most popular offshore company types worldwide. About 10,000 offshore companies are registered in RAK. Offshore companies in Ras Al Khaimah are exempt from corporate and income taxes and are ideal for internationally active companies.

rakoffshore2

Why RAK offshore?

RAK is an ideal choice for an offshore company, as 100 percent foreign ownership is allowed and thus no local partner is necessary. The fact that an offshore company is not required to keep accounts is also a great advantage. Unlike some other tax havens, the United Arab Emirates enjoy an excellent reputation internationally and therefore facilitates the access to a business account in well-capitalized and solid banks, operating in a stable economic environment. There are neither corporate nor personal taxes; there are also no sales, inheritance or wealth taxes.

Ras Al Khaimah is one of the most attractive offshore locations within the United Arab Emirates, since the establishment fees are significantly lower than in other Emirates, while offering the same benefits and advantages: full exemption from taxes.While the offshore location, Jebel Ali (Dubai), for example, requires at least two shareholders and their physical presence for the company establishment in Dubai, the RAK offshore company requires only one shareholder, and can be founded without his personal presence.

Highlights of a RAK Offshore Company
• 100% foreign ownership allowed
• Exempt from all corporate and income taxes
• No restrictions on foreign currencies
• No local office required; no employees and therefore no associated costs
• A RAK offshore company allows investments in real estate, trademarks and rights, or owning real estate
• A RAK offshore company can be used as a holding company
• No requirement to keep and file accounts, no auditing required

GWS is licensed by the RAK Investment Authority to provide international corporate services. It is therefore regulated by the Government of Ras Al Khaimah. Our professional client relationship managers take pride in providing a premium service and to incorporate your company as quick as possible. Please visit www.dubai-offshore.com for further information.