Today it is not a secret that the jurisdiction of the United Arab Emirates is a rapidly developing country in terms of economy, with the modern infrastructure, developed banking sector and effective solutions in the field of international transport logistics. Registration of an offshore company in Ras Al Khaimah is an excellent opportunity for business to get reliable and cost-effective solution for execution of various types of international commercial operations.
According to experts, there is a number of advantages for private business, which make this jurisdiction very attractive for investors. In particular there are the following possibilities:
- Tax benefits – offshore companies in Ras Al Khaimah do not operate within the country, and accordingly they are fully exempted from all the types of corporate and income taxation;
- Legal protection and support of the offshore business by the state – offshore companies, which operate in the jurisdiction of RAK, can always count on the protection of their interests and legal rights at the legislative level. Moreover, the state provides the maximum support for business registration, obtaining of license and residence visa;
- No restrictions on moving the financial assets – the Government of the Emirate does not limit investors who want to withdraw all the investment assets and gained income beyond the jurisdiction;
- Secrecy of information about business – all the information that affects the ultimate beneficiaries and managers of the offshore companies is closed in the Emirates and can be opened only at the discretion of the relevant judicial authorities.
Speaking about advantages of RAK it is important to mention the possibility for this type of companies to open bank accounts in UAE banks.
