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OFFSHORE SETUP
Offshore Setup Just AED 7000/- HURRY!!!
RAK INVESTMENT AUTHORITY (RAKIA)
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 filing 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
  • Simple incorporation and filing requirements
  • Pressure has been put on traditional low tax jurisdictions by the
  • Commission of the European Community (EU) in conjunction with the Organization for Economic Cooperation and Development (OECD). The UK parliament has converted British Dependent Territories to British ‘Overseas’ Territories (in 1998). The UK government may apply greater control over its tax haven progeny (ie Bermuda, BVI, Caymans, Gibraltar, Turks & Caicos)
  • Double taxation agreements prevent individuals and corporations from being susceptible to paying tax on the same item during the same time period. These agreements determine which of the two states concerned should levy tax in a particular situation: Austria, Belarus, Belgium, Canada, China, Czech Rep., Egypt, Finland, France, Germany, India, Indonesia, Italy, Lebanon, Malaysia, Malta, Morocco, New Zealand, Pakistan, Poland, Romania, Singapore, Sudan, Thailand, Tunisia, Turkey and Ukraine.
  • UAE is not a member of the Organization for Economic Cooperation and Development (OECD)
  • No foreign exchange of information
  • 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
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