The recent attack on uncooperative tax heavens initiated by the G20 has only cemented UAE’s popularity as a valuable alternative to traditional offshore centres. RAK offshore companies in UAE offer an excellent choice for investors. Ras Al Khaimah (RAK), one of the 7 Emirates in the UAE, has a well-established professional infrastructure. The authorities are experienced and offer an efficient company registration service. Companies are usually incorporated within 1-2 days. Any non-resident individual or corporate entity can register a company.
Many jurisdictions are considered only as tax havens. The UAE is a “real” country with a strong economy offering the benefits of a tax haven for real business entities. It has an established history of international trade, finance and international business. It is well known that pressure has been put on traditional low tax countries and tax havens by the Commission of the EU. The UK parliament has converted British Dependent Territories to British Overseas Territories in 1998. The UAE on the other hand, is not a dependent territory of any other country or a member of the Organization for Economic Cooperation and Development (OECD).
Some of the important advantages RAK offshore offers are no requirements to file annual accounts or returns, possibility to redomicile including companies from tax havens, simple incorporation and filing procedure, straightforward incorporation and filing procedure and flexible legislative framework. It is imperative to note all these take place in a stable economic and political environment.
Main features:
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Minimum number of directors: 1
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Corporate director: Allowed
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Nature of shares: Registered
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Minimum capital: AED10.000 (€2.000)
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Legalization process of PoA & corporate documents: Apostile sufficient
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Time frame: 1 day
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RAK offshore company set-up: €2.400 including Government fees
Should you require more clarifications please do not hesitate to
contact us. Our team will be happy to advise and propose the best solutions tailored to your needs and specifications.
More information:
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