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Ras Al Khaimah

Ras Al Khaimah Flag

Country: Ras Al Khaimah
Region: UAE - Middle East (EMEA)
Currency: Dirham (AED) (DH)
Languages: Arabic, English
Time Zone: UTC +4

Phone Code: +9717

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:

 
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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

Information Links:

 

 

 

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Important Notice: Wolters Kluwer (BSI) Limited has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.

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