Offshore Company Formation – Ras al-Khaimah (RAK)
Economy of RAK (Ras al Khaimah)
About Ras al Khaimah
Ras al Khaimah is one of the seven emirates; those constitute the United Arab Emirates or the UAE. This emirate is situated in the northern part of United Arab Emirates and is on the border of Oman’s exclave.
Economy of Ras al Khaimah
This particular emirate of Ras al Khaimah has registered an amazing growth in its economy, during the recent past years. This emirate is a free trade zone.
The ceramic industry in Ras al Khaimah has experienced a steady growth and has largely contributed to the economic development of the emirate. The manufacturing sector has also recorded a sizable growth in the emirate and has done its part in the economy of Ras al Khaimah. The pharmaceutical industry has played a major role in the manufacturing sector in the emirate.
The current government of Ras al Khaimah is focussing in boosting the tourism industry in the emirate. This effort is showing a very positive result. The emirate has a range of natural tourist attractions. These include hot springs, the mountains and the ancient sites, uncovered by modern archaeology. Tourism industry has witnessed an increase of 12.4% than the previous year, bringing in capital and foreign exchange.
The emirate of Ras al Khaimah was the emirate to open the first cement producer company in the entire UAE, way back in the year 1970. This Union Cement Company is presently the second largest cement plant in the United Arab Emirates. It produces 4.8 million tonnes of cement every year and has boosted the overall GDP of Ras al Khaimah.
The present government of Ras al Khaimah plans and projects a rapidly expanding economy, which is diversified in nature. This government also provides full autonomy over its fiscal policies, its internal affairs and its economic development.
The GDP of the emirate is varied not with a single element that exceeds more than 20% of the total GDP of the emirate.
Why form an offshore company in Ras al Khaimah?
Ras al-Khaimah (RAK) is one of the seven emirates of UAE and along with Ajman is the most popular offshore jurisdictions in the region. RAKEZ is strategically located such that investors have the option to look after the markets in Europe, North Africa, South and Central Asia. Other added advantages are zero personal income tax, capital gains tax, inheritance tax or sales tax. This region also provides the foreign investors with much needed amenities like infrastructure, visas and availability of cheap labour.
Basic Incorporation Package
Form your offshore company anywhere in the world within a week. No hidden price, no extra charges
With this package, we will provide you with a compulsory registered office address and dedicated account manager to handle all your queries. Also all the compulsory government fees would be paid up when the incorporation process takes place.
In addition to this, we will provide you with the documents necessary to incorporate a company – certificate of incorporation, appointment of directors, share certificates, company seal memorandum and articles of association.
Advanced Incorporation Package
This package will also include banking solutions and assure full confidentiality of your identity in addition to the full services of our Basic Incorporation Package.
We will provide you with a bank account and also with professional resident director and resident shareholder. This will help you in case you do not want your names to be displayed publicly. The Nominee director will act on your behalf by signing contracts, MoU’s and other documents related to your business.
All these will be provided in addition to company incorporation, registered address and other services included in the Basic Incorporation Package.
Professional Backed Package
This package will take care of the ever changing intergovernmental agreements which are being exercised by most of the countries.
More and more countries are signing up to international trade agreements which means more robust process. The benefit of our package is that it will facilitate your business through the help of qualified accountants, directors, international lawyers, tax advisors and investment advisors. It will ensure that your business runs smoothly and with full privacy and confidentiality.
Customize as per your requirements – whenever and wherever required.
Select what all services you require in what all jurisdiction. You can upgrade the services anytime you want. Choose from a wide range of professional services in addition to the type of company and bank account you want to set up. With the ever changing laws, you can ask our domain experts to guide you through the right direction.
Benefits of Forming an Offshore Company in RAK
- 0% income tax
- 0% tax on capital gains, inheritance tax
- 3 days to incorporate a company
- Excellent economical and geo political status
- Full ownership for foreign investors
- Fast and efficient incorporation process
- Easy access to prominent markets in Europe, Middle East, Central and South Asia.