Ras Al Khaimah
Country: Ras Al Khaimah
Region: UAE - Middle East (EMEA)
Currency: Dirham (AED) (DH)
Languages: Arabic, English
Time Zone: UTC +4
Communications: Good
Formation Cost: 5000 - 13000 USD$
Formation Time: 13 - 21 days
Maintenance cost: 3000 - 5000 USD$
Executive Summary: Ras Al Khaimah’s is part of the United Arab Emirates, but unlike its oil-rich peers its wealth has largely been built on manufacturing. The Free Trade Zone is home to more than 5,000 companies. Apart from the oil industry and domestic banking there are no income or capital taxes, and no withholding taxes. RAK has a number of double tax treaties with high-tax countries through the UAE which can be used by companies for tax planning purposes. There is an offshore companies registry offering international investors a high degree of confidentiality, which is already home to more than 2,000 companies. A modern complex known as the RAK Financial City is under development, which is intended to become the home of the ‘offshore’ sector, specializing in trusts, foundations, insurance business, funds and other financial and legal services.
Suitable for: Shipping, Yachting, Trading Goods, Property Ownership
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Company Purpose Stats:
Wealth Management: | |
Treasury Management: | |
Banking: | |
Insurance: | |
Fund Management: | |
Shipping: | |
Aviation: | |
Yachting: | |
Trading Companies Goods: | |
Trading Companies Financial: | |
Intellectual Property: | |
Holding Companies: | |
E-Commerce: | |
E-Gaming: | |
Property Ownership: |
Vehicle Types: Limited companies, public limited companies, shareholding companies, international business companies, sole proprietorships, branches, general partnerships and limited partnerships
Capital primary business districts: Ras Al Khaimah
Good Relationships: China
Bad Relationships: Burma, Cuba, Iran, Korea (Democratic People's Republic of), Libya, Somalia
Tax Burden - Business: Very Light
Tax Burden - Individual: Very Light
Headline tax rates: CIT 0%, PIT 0%, VAT 0%
Treaty Jurisdictions: Algeria, Armenia, Austria, Azerbaijan, Belarus, Belgium, Bosnia and Herzegovina, Bulgaria, Canada, China, Cyprus, Czech Republic, Egypt, Estonia, Finland, France, Georgia, Germany, Guinea, India, Indonesia, Ireland, Italy, Kazakhstan, Korea, Republic of, Latvia, Lebanon, Luxembourg, Malaysia, Malta, Mauritius, Mongolia, Montenegro, Morocco, Mozambique, Netherlands, New Zealand, Pakistan, Philippines, Poland, Portugal, Qatar, Romania, Serbia, Seychelles, Singapore, Spain, Sri Lanka, Sudan, Switzerland, Syria, Tajikistan, Thailand, Tunisia, Turkey, Turkmenistan, Ukraine, Uzbekistan, Venezuela, Vietnam, Yemen
TIEA Jurisdictions: None
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