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Limited formation,Offshore
company, Dubai Company Formation, Cyprus company, Bankaccount opening,
U.S. corporation,Company formation in the USA,
switzerland company formation, ISLE OF MAN FORMS OF COMPANY,
The
Canary Islands Special Zone Company Formation
United Arab Emirates- Ras Al Khaimah: OFFSHORE COMPANIES, FREE ZONE
USES OF OFFSHORE
COMPANIES
An Offshore company is a very flexible
corporate entity commonly used in international tax planning, and can
be integrated into a wide variety of business arrangements. Tax
minimization, asset protection and confidentially are just a few
benefits which can be achieved by a proper application of an offshore
company. A clever use of an offshore company can reduce, defer or
eliminate some tax that would be otherwise payable in a high-tax
jurisdiction, but does not relieve its beneficial owner from all
personal tax liabilities in his home country.
Some countries, like British Virgin Islands or Panama have an inherent
image of offshore tax havens. Ras Al Khaimah, however, offers
attractive tax benefits but does not ring the bell as being a “tax-haven”.
There is no standard reply as to which is the best offshore
jurisdiction. Depending on the personal situation and business
activities of its owners and upon the various tax regulations in force
in the countries where the offshore company will engage in business
are decisive factors.
There are a number of business activities which are suited to be
operated through an offshore company, these include :
Trading Company
Property Owning Company
International services companies
Holding company
Professional Service Company
Shipping and ship management companies
Commission agents
About RAK
Ras Al Khaimah, located at the north
end of the coast of the Arabian Gulf, is one of the seven Emirates
that form the United Arab Emirates.
Ras Al Khaimah is nestled between the Hajjar Mountains on the East and
the Arabian Gulf on the West and shares mountainous borders with the
Sultanate of Oman.
H.H. Sheikh Saqr bin Mohammed Al Qasimi has been the Ruler of
Ras Al Khaimah since 1948. His son, H.H. Sheikh Saud bin Saqr Al
Qasimi was appointed Crown Prince and Deputy Ruler in June 2003.
Ras Al Khaimah has earned its reputation as a pre-eminent commercial
centre with an innovative, dynamic and entrepreneurial business
culture. Strategically located at the crossroads of trade and commerce
between East and West, it is ideally positioned to service and access
markets that span the Middle East, Africa, the Indian Subcontinent and
the CIS countries. Moreover, it occupies a time zone that allows it to
connect markets like the Far East and the US. To leverage this
advantage, it is developing a worldclass infrastructure, air and port
facilities, making it the most well-connected hub in the region.
RAK economy is based on leveraging on natural topography, consisting
of 65 km of coastal silver sandy beaches, Majestic mountains on the
eastern side for hill resorts, unspoilt desert plain in the central
region for commercial & industrial projects and green belt in the
southern side for agriculture developments. RAK is indeed blessed with
abundance of natural beauty on one hand and unique location on the
other which has allowed to strategize the economic development on two
pillars, namely, Tourism & Industry
The city of Ras Al Khaimah, the capital of the Emirate, is divided
into two parts by a creek. The western part, known as "old Ras Al
Khaimah", comprises government departments, educational institutions,
shopping malls, hotels as well as residential areas and new
construction projects. The eastern part, known as Al Nakheel, houses
the Emiri Court, some government departments, markets, Ras Al Khaimah
Exhibition Center, hospitals and residential areas housing the
majority of the city's population. The two parts of the city are
linked by a bridge and a network of modern roads.
Key Statistics
Area : 2468 km²
Coastline : 65 km
Population : 250'000
Languages : Arabic and English
Currency : Dirham (AED 3.67 = 1USD)
Crime rate : Close to Zero
Key Statistics
As the most northern emirate in the United Arab Emirates and a 45
minutes drive by car from Dubai, Ras Al Khaimah (Arabic: The top of
the tent) offers swift and easy access to neighboring countries
throughout the Gulf and beyond. It is the closest emirate to the main
shipping lane traversing the Strait of Hormuz and to all of the
northern markets such as Iran, Pakistan, India, the CIS countries and
the fast emerging China
Why RAK
Ras Al Khaimah (RAK) has undergone a paradigm shift in the last few
years since it joined the United Arab Emirates in 1972. It is
strategically located in the Arabian Gulf and forms the gateway to
most of the countries in the Middle East. There have been fundamental
and significant changes to the investment policies that have enabled
an environment conducive for global businesses to locate their
operations in RAK.
RAK is witnessing an unprecedented growth surge with the rolling out
of ambitious development plans including investments in real estate,
infrastructure tourism, manufacturing and service sectors. It has
become a landmark, as an important destination of foreign investment.
The RAK government is proactive and encourages the concept of free
enterprises to attract investment for overall progress and development
of the Emirate.
The comparative advantages of availability of land and relative ease
in setting up business offers potential investors easy access to their
respective markets.
100% income and corporate tax
exemptions
No Income, Sales or Wealth Tax
No restrictions on hiring expatriates
25 Years Renewable Lease Agreements
No Import or Export Taxes
100% Repatriation of Capital & Profits
Land at very Concessional Rates
Proximity to Entire Gulf and Global
Markets
RAK Fact File
Population: 250,000
Area: 1,684 square kilometers
Coastline: 65 kilometers
Climate: High temperature and humidity in summer while weather
in winter is cool and pleasant
Languages: Arabic and English
Religion: Islam
Local time: GMT + 4
Currency: Dirham (fixed course: 1US$ = 3.67 DHS) (1DHS = 100
Fils)
Principal markets for Exports: Bahrain, Iran, Kuwait, Saudi
Arabia, Oman, Qatar, India, EU
Principal markets for Imports: Middle East: 52% Asia: 30%
Europe: 10% America and Africa: 3% each Australia: 2%
Thrust Areas: Tourism, Real Estate, Industries for
Manufacturing, Financial Services
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