UAE offshore
incorporation helps
you to run your
business or asset
ownership in the
Middle East in the
most profitable
manner. Especially
because you avoid
the cumbersome
process of having
the off shore
incorporation
company documents
attested by various
embassies and
Ministries of
Foreign Affairs!
For your offshore
incorporation in
UAE, there exist
many service
providers offering a
competitive offshore
package. Such
packages include
services for
operating your
business, hiring
local employees,
entering into
agreements, renting
of office space,
selling goods and
company services,
drafting contracts
and offering
investments,
taxation and banking
advice.
As UAE offshore
incorporation
requires an agent,
you will need to
choose one in order
to register your
company. The
offshore package
offered by any
service provider
stipulates that the
agent representing
the service provider
would act as a link
between the newly
formed offshore
enterprise and the
local government.
UAE Offshore
Incorporation -
Features and
regulations:
•The capital of the
company can be any
amount divided into
any denomination.
•The minimum number
of shareholders and
directors is one.
•All shares must be
fully paid when
allocated and no
bearer shares or
differential classes
of shares are
allowed. However,
there is no
requirement to
deposit the capital
in bank.
•100% foreign
ownership permitted
and 100% tax and
duty exemption
exists on UAE off
shore incorporation
companies.
•Opening a corporate
bank account in a
bank at Dubai, UAE
is permitted.
•A registered agent
(legal firms,
auditors,
consultants) is
required to be
appointed by the
Company from the
approved list of
registered agents
maintained by UAE
Free Zone.
•The Offshore
domicile is located
in the UAE Free
Zone.
•The investors need
not visit the
authority to
incorporate the
company, however the
documents need to be
signed in the
registered agent's
office.
RAK Offshore has
been established by
the Ras Al Khaimah
Investment Authority
(RAKIA), the
government body
responsible for the
socioeconomic growth
of the Emirate, to
address the region's
growing demand for
offshore markets,
while at the same
time to boost the
emirate's ongoing
economic
diversification
program. Within just
14 months of
operation as an
alternate offshore
location in the
Middle East, RAK
Offshore has
expanded its client
portfolio to over
1,900 International
Business Companies (IBCs)
providing
specialized services
such as asset
protection schemes
and real estate
holding.
Real estate and
property investments
are among the
principal businesses
of several
international firms
registered with RAK
Offshore. Ras Al
Khaimah, has also
created a splendid
mix of
infrastructure
projects and new
policies to provide
the best environment
for the off shore
incorporation of
companies.
A key feature of RAK
Offshore is that it
offers complete
privacy and
confidentiality;
owners of IBCs are
kept confidential
under law, ensuring
a highly conducive
business environment
for both individual
and corporate
investors. RAK
Offshore's portfolio
of services includes
a wide range of
financial and
non-financial
services. Under its
non-financial
portfolio, RAK
Offshore facilitates
the establishment of
IBCs whose
activities include
international
trading, asset
protection, tax
planning and real
estate holding.
RAK Offshore also
supports a wide
selection of
outsourcing
companies, and
offers several
marine-related
services, including
an open registration
facility for vessels
and yachts from
anywhere in the
world. Under its
financial services
portfolio, which has
been forwarded to
the authorities for
approval, and is
currently under
review as per
guidelines of the
UAE federal
authorities, RAK
Offshore will
provide in the
future, a regulatory
framework to
establish a diverse
range of funds,
including Sharia-compliant
investment products.
RAK Offshore will
also facilitate the
establishment of
different kinds of
offshore trusts,
which may be used to
hold offshore
companies or other
assets under the RAK
Offshore Special
Corporate Trust
Regulations.
We at UAE Offshore
are available to
answer any and all
of your questions
regarding the
establishment of an
offshore financial
presence. You can
contact us at any
time, and our
knowledgeable staff
will be happy to
help - and as
always, all
conversations and
correspondence with
UAE Offshore remains
confidential.
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