Ras Al Khaimah (RAK) - United Arab Emirates

Intuit Management Consultancy. [http://www.intuitconsultancy.com]

RAK Offshore is a part of the RAK Investment Authority, Government of Ras Al Khaimah, U.A.E. RAK Offshore is the result of the extraordinary vision of H.H.Sheikh Saud Bin Saqr Al Qasimi, the Crown Prince and Deputy Ruler of Ras Al Khaimah, that vision has been turned into reality by Dr. Khater Massaad; the CEO of RAK Investment Authority.

RAK ECONOMY
Ras Al Khaimah, the fourth-largest emirate in the UAE, today boasts of a rapidly growing economy, thanks to the ambitious process of economic diversification adopted by the government that primarily focuses industry, trade & commerce, tourism and real estate. While Ras Al Khaimah’s business-friendly policies have ensured a brisk increase in foreign direct investments, it has also helped the emirate steadily increase its global appeal as a superior choice destination for business and leisure.

The natural topography of Ras Al Khaimah which consists of 65 kilometers of sun-kissed sandy beaches, the Al Hajar Mountain range, the vast desert plains in the central region and the green belt in the southern region, have added to the success of Ras Al Khaimah as a destination of choice.

RAK OffShore
Offshore centers are often used for a variety of business purpose ranging from setting up business entities to owning overseas financial and real estate assets, inheritance planning, setting up holding companies and special purpose vehicles, ship registration and tax optimization.

The RAK Investment Authority (RAKIA) launched the International Business Company concept in January 2007. These IBC’s are regulated by the International Business Company Regulation 2006 – RAK investment Authority.

UAE is a ‘real’ country with ‘real’ economy. UAE is not a dependent or ‘overseas’ territory of another country and is white-listed. UAE has Double Taxation Avoidance Agreements (DTAA’s) with several countries, nowadays more than 52.

A key feature of RAK Offshore is that it offers complete privacy and confidentiality; owners of IBCs are kept confidential under law, ensuring a highly conducive business environment for both individual and corporate investors.

RAK Offshore's portfolio includes a wide range of financial and non-financial services. Under its non-financial portfolio, RAK Offshore facilitates the establishment of IBCs whose activities include international trading, asset protection, tax planning and real estate holding.

RAK Offshore also supports a wide selection of outsourcing companies, and offers several marine-related services, including an open registration facility for vessels and yachts from anywhere in the world.

Unique competitive advantages of the RAK Destination:
RAK Offshore aims to be a regional business hub with unique competitive advantages:

• A strategic location at the crossroads of East & West with access to a market of over 2 billion people from Morocco to China and Russia to Africa;
• It is part of U.A.E. which is one of the most financially and politically stable;
• countries in the region and worldwide;
• A tax-free environment, with numerous bilateral non-double taxation treaties
• with many countries including India and European countries;
• A well-developed financial regulatory framework, which includes strict compliance forinternational anti-money laundering regulations,
• A local Government that is fast and efficient with minimum regulation and red
• tapeism, and a strong commitment to encourage business and investments,
• Modern telecommunication and transportation infrastructure with well-developed road, air and sea transport facilities,

Unique RAK Offshore Company features / advantages:

• No corporate or personal income taxes
• 100% ownership
• Anonymity of Ownership
• No foreign exchange controls, trade barriers or quotas
• Liberal labour laws
• Allows International Trading (no activity restriction)
• No minimum capital requirement
• No restrictions on the maximum number of Shareholders
• To legally protect assets from possible claims by others
• No physical presence requirement (no office required)
• It can open a Bank account in UAE
• Can own & hold property in RAK (Ras Al Khaimah) & outside UAE

RAK Off Shore Incorporation:
As RAK off shore incorporation requires an agent, you will need to choose one in order to register your company. The offshore package offered by any service provider stipulates that the agent representing the service provider would act as a link between the newly formed offshore enterprise and the local government.
The investors need not visit the authority to incorporate the company, however the documents need to be signed in the registered agent's office.

We are registered agents of RAKIA are authorised to represent the clients.

To incorporate a company, please visit our website www.intuitconsultancy.com and send us the completed contact us form http://www.intuitconsultancy.com/Business/contact_us.php
For more information, please write to piyush@Intuitconsultancy.com
Our contact details:

Intuit Management Consultancy

Khalid Bin Al Waleed Building

Level 2, Office 203
Khalid Bin Al Waleed Street
Bur Dubai, Dubai. U.A.E.
Location Map - Click here

Phone: +971 4 3518381 Fax: +971 4 3518385
Website: www.intuitconsultancy.com

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