Advertisement
 

OFFSHORE INVESTMENT IN RAS AL KHAIMAH/DUBAI - UNITED ARAB EMIRATES

Details
Posted:
September 8, 2013
Location:
UAE » Ras Al Khaimah
Description
<!--[if gte mso 9]><xml>

</xml><![endif]-->

The International Business Companies (IBC) Registry allows foreign investors
to register offshore companies as RAK Offshore, a division of RAK Investment
Authority (RAKIA) without the need to establish a physical presence in the
UAE.  

Companies are usually incorporated within 24 hours. Any non-resident
individual or corporate entity can register a company.  

Many jurisdictions are considered only as tax havens. The United Arab
Emirates is a 'real' country with a ‘real economy' with a population of
approximately more than 4 million. It has an established history of
international trade, finance and business, and today it is one of the fastest
growing countries in the world with one of the highest standards of
living.  

The choice of a suitable jurisdiction is an important decision and
requires careful considerations.  

 

Important aspects to be examined and which RAK offers may be
outlined as follows:  


Political and economic stability
of the jurisdiction  


• The availability of a modern and flexible legislative framework  

• Simple incorporation and filling requirements  

• The availability of Double Taxation Avoidance Agreement (DTAA) 

• State of the art banking system  

• State of the art telecommunication facilities  

Uniqueness 

UAE is not a dependent or 'overseas' territory of another country  

UAE has Double Taxation Avoidance Agreements (DTAA) with a number of
countries

UAE is not on the OECD 'blacklist' of tax havens (nor the FATF
blacklist)  

UAE is not a member of the EU, and is not subject to EU regulation  

 

Activities held inside
UAE  


• Holding Assets 

• Invoicing 

• Holding Bank Account 

• Property Owning (Freehold Areas) 

 

Fiscal & Regulatory
benefits of UAE OFFSHORE COMPANY  


• 100% income tax exemption  

• 100% corporate tax exemption  

• 100% capital and profit repatriation  

• 100% ownership in Free Zones  

• No capital gains tax, No Value-added tax, No Withholding tax  

• Proximity to entire Gulf and global markets  

Main features of UAE Offshore
Company 


• It does not need to have physical offices in the UAE. 

• It may not carry on business within the UAE. 

• It may not obtain UAE Residency Visa.  

• It may have non UAE resident as director or shareholder.  

• It may have UAE resident as director or shareholder.  

• It may have corporate shareholder/corporate director 

• It does not require the shareholder/director to be physically present
in the UAE for incorporation  

• It may own real estate in the UAE, with prior authorization from RAK
Investment Authority.  

• It may not do banking and insurance business without special
license.  

• It may maintain bank accounts and deposits in the UAE or
worldwide.  

• It is not obliged to maintain its books and records.  

• It may hold shares in other UAE and worldwide companies.  

 

Advantages 

• Reduced Dividends Tax  

• Exempting Deposits from Tax  

• Exempting Capital gains from Tax  

• Exempting national air carriers and shipping companies working in
international traffic from taxes and  
fees  

• Exempting Government Sector Establishments from Taxes on Dividends,
Interest and Capital Gains  

• The Significance of the Tax Agreements to the Foreign Investor and
the Investment funds 

Impact of the Tax Agreements on attracting Foreign Investments and
capital Movements 

RAK OFFSHORE offers everything business enterprises need to excel in
today’s highly competitive environment.<!--[if gte mso 9]><xml>

Normal
0

false
false
false

EN-US
X-NONE
X-NONE

</xml><![endif]--><!--[if gte mso 9]><xml>

</xml><![endif]--><!--[if gte mso 10]>
<style>
/* Style Definitions */
table.MsoNormalTable
{mso-style-name:"Table Normal";
mso-tstyle-rowband-size:0;
mso-tstyle-colband-size:0;
mso-style-noshow:yes;
mso-style-priority:99;
mso-style-parent:"";
mso-padding-alt:0in 5.4pt 0in 5.4pt;
mso-para-margin:0in;
mso-para-margin-bottom:.0001pt;
mso-pagination:widow-orphan;
font-size:10.0pt;
font-family:"Calibri","sans-serif";
mso-bidi-font-family:"Times New Roman";}
</style>
Comments
Posted by: