Ras Al Khaimah (RAK) is the fourth largest Emirate in the United Arab Emirates, with 250,000 inhabitants. Located in the northeastern part of the country, Ras Al Khaimah is ideally located as it borders all of the other Emirates, except Abu Dhabi. Like Dubai, RAK would like to diversify its economy with new industrial and service sector activities, in order to prepare for the energy transition.
Encouraged by the Government, this diversification provides the Emirate with strong, stable growth. Growth stability makes it possible to attract more FDI, and to promote tourism by increasing the region’s reputation.
The RAK Free Trade Zone
With modern infrastructure, this unique area is divided into three investment parks, organised according to activity sector. There are currently more than 5,000 companies in this area, representing 106 different nationalities. This is one of the most dynamic free trade zones in the world, and ensures 100% ownership of the company for the investor.
The Business Park offers modern offices within a developed business district. The Industrial park is located on the coast, and was the birthplace of numerous heavy industries. Finally, the Technology park covers an area of 100 hectares in the southern part of the Emirate, and facilitates light industries. Administrative procedures are even more simplified within the FTZ than in the rest of the UAE.
Ras Al Khaimah Tax System
As in the rest of the UAE, RAK tax rates are very low and enable significant savings. Companies are not subject to tax, and employers are not required to pay any contributions in addition to employee salaries. Personal tax only applies to certain aspects, and remains very limited. There is no income tax, and RAK tax policy follows that of the UAE.
Creating a Company
Fidusuisse offshore company has many advantages: among other things, it enables assets to be protected by consolidating assets held in several countries under the name of an offshore holding company. The legislation of the country where the holding company is based will apply to all assets in the event of death. It is also possible to transfer assets to this offshore company to avoid problems (confiscation, commercial litigation, disputes, etc.): this is the principle of Asset Protection.
A Ready-Made Company or Shelf company is a pre-registered company that is ready to start operations. Choosing a Ready-Made at Fidusuisse company reduces the time it takes to setup a company in the country. A Ready Made company is a new company, whereas a Shelf company has existed for at least one year, which makes it possible to benefit from enhanced commercial credibility.
At Fidusuisse we handle your bank account opening in Ras Al Khaimah, so there is nothing you can worry about. Whether for private account of offshore accounts within 15 days including the bank relationship, filing of forms and liaising with the bank.
Fidusuisse Offshore offers you a virtual office service allowing you to create real credibility and become a commercial reality. You will be able to conduct your offshore company’s business in the most effective way.
The importance of a virtual office
When you create an offshore company, it is essential to have a phone number in your destination country. It provides real credibility and promotes confidence in your business transactions with your clients. Fidusuisse Offshore can provide you with a telephone number for any country in the world and even offers you a telephone to manage your business.
Company Management is a service aimed at persons not wishing to have to manage their business on a daily basis and who wish to entirely delegate the management. Under a contract regulated by Swiss law, we manage the company on your instructions, maintaining commercial relationships, orders, regulations, accounting, audit and annual reports.
International contracting is frequently used by offshore companies to facilitate transactions with foreign partners. In fact, this method makes it possible to solve logistical and fiscal constraints applicable to transactions.
Trusts and foundations
The advantage of a Trust is that it optimises tax benefits for the Settlor’s assets, in accordance with the tax laws of the country in which the Trust is registered, while the Settlor can reside in another country. It is also useful for transferring assets while avoiding taxation, and in determining the assets owned by several companies.
Fidusuisse Offshore can provide you with the expertise necessary to set up your Foundation. A foundation makes it easier to manage your affairs. This structure can be created in most countries, and fully customized through the use of By-Laws.
Fidusuisse Offshore is putting its experience and expertise at your disposal so that you can successfully carry off your fiscal expatriation plans. Our main destinations are Belgium and Switzerland.
Contact Fidusuisse Contact
ServicesBanking Services Company Formation Corporate Services Trust Management
CoverageBelize British Virgin Islands Canada Cyprus Dubai Hong Kong Latvia Luxembourg Malta Ras Al Khaimah Switzerland United Kingdom
118, Rue du Rhône
1204 – Geneva, Switzerland
Tel: + 41 22 518 03 40
Fax: + 41 22 518 07 84
79, Avenue de la Toison d’Or
1050 – Brussels,
Tel: + 32 2 400 78 00
Fax: + 32 2 808 64 71
The Lee Gardens,
33 Hysan Avenue,
Causeway Bay, Hong Kong
Tel: + 852 580 80 599
Fax: + 852 580 80 582
Sterling Tower, 10th Floor,
14, Poudriere Street,
Port Louis, Mauritius
Tel: +41 22 518 20 19