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Ras Al Khaimah

admin — Tue, 29 Dec 2009 10:52:06 +0000

Ras al Khaimah (Ras al khayamah literally means “The top of the tent”) is one of the emirates of the United Arab Emirates.

Ras al khaimah is in the northern part of the Persian Gulf.

It covers an area of 656 square miles. The Emirate is ruled by Sheikh Saqr bin Mohammed al Qassimi.

It is in the northern part of the UAE bordering Oman. Previously affiliated with Sharjah, Ras al khaimah become separate sheikhdom under British protection in 1921.

After some hesitation, the sheikhdom joined the United Arab Emirates on 11th February 1972.

The city of Ras Al Khaimah is divided into two parts by a creek. The western part, known as “Old Ras Al Khaimah”, comprises government departments, educational institutions, shopping malls, hotels as well as residential areas and new construction projects.

The eastern part, known as Al Nakheel, houses the Emiri Court, some government departments, markets, Ras Al Khaimah Exhibition Center, hospitals and residential areas housing the majority of the city’s population. A bridge and a network of modern roads link the two parts of the city.

Ras al khaimah formed Ras Al Khaimah Investment Authority under the leadership of H.H. Sheikh Saud bin Saqr Al Qasimi the Crown Prince & Deputy Ruler of Ras Al Khaimah.

The International Offshore Centre (known as “RAK Offshore”) is a free zone regulated by the RAK Investment Authority(RAKIA). The mandate for the Authority is to work towards reinforcing the investment climate in the Emirate and to promote its various economic sectors.

RAKIA is a Government Body, with a clear mandate to promote industry, trade, commerce, and tourism in Ras Al Khaimah. The objective is to achieve balanced economic development and improve the quality of living in Ras Al Khaimah.

Coming to Rak offshore, it is the simplest fastest and inexpensiveinstrument to create an offshore company in the region.

RAK Offshore was set up with an objective to provide non-resident individuals, entrepreneurs and corporations the advantages that were available only to resident entities.

Ras al Khaimah offshore companies may not trade within the United Arab Emirates.

They may however open a bank accounts in the UAE and to a limited extent occupy property there.

Ras al Khaimah is a truly tax free environment.

It is the only offshore centre to offer zero tax and zero vat for residents and non-residents whereas other reputed centres tax up to 30% their corporate or non-corporate residents.

A wide range of comprehensive services and structural facilities are provided to non-residents through RAK Offshore. Ras al Khaimah offers total economic and personal freedom and is one of the safest places to do business.

For investment purposes, full and universal freehold ownership is offered in a tax-free environment. Modern amenities and an infrastructural facility complemented by the ideal location have caught the eye of many offshore investors.

Moreover RAK Offshore also benefits from one of the most comprehensive lists of non-double taxation treaties in the world with China, India, France and Germany.

We introduce offshore companies into your tax planning structure, offshore banking facilities, which allows you to organize your personal financial affairs in a more profitable manner.

We can provide your new or ongoing business or investment with invaluable offshore services. These steps lead to more efficient utilization of your assets; increase the revenue from your investment.

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RAK

admin — Tue, 29 Dec 2009 09:15:03 +0000

RAK is the fourth largest emirate in uae.

Rak was the last emirate to join uae in 1972, post the formal establishment of the latter as a combination of six emirates in the previous year.

RAK occupies a strategic location in the heart of the Middle East on the Strait of Homruz.

Rak’s political system is headed by its ruler HH Sheikh Saqr bin Mohammad Al-Quassimi since 1948, providing 58 years of stable political governance.

The Deputy ruler and the crown prince, HH Sheikh Saud Bin Saqr Al Qasimi endeavors to develop an environment, most conducive to business under their able leadership, the emirate already boast businesses that compete successfully in numerous globalmarket.

Rak economy is unique in that it has minimal dependance on oil, unlike some of the other emirates in the uae and most of the countries in the region. Agriculture plays an important role in the Emirate’s economy.

The fertile cultivable plains are productively used for vegetables, fruits and grains, while milk and cheese farming is also common in the emirate. Fishing is plentiful in the rich waters of the Arabian Gulf.

The emirate is also a picturesque and has moderate climate in winter giving an opportunity for it to be marketed as a tourist location.

Whole and retail trade has played a major part in the emirates economy. Among the major sectors besides crude oil and wholesale retail trade and repair services that have led the growth of the emirates GDP are restaurants and hotels, electricity and water and manufacturing, other sectors.

With a diverse landscape, as well as a vats supply of natural resources, Rak is aiming to become a regional leader in Tourism, real estate and industry.

Situated at the northernmost tip of the United Arab Emirates (UAE).

Rak has a different aesthetic from most other gulf cities.

With light traffic, an unpolluted skyline; miles of untouched, white sandy beaches; and towering mountains, the emirate has always been an ideal escape, mixing strictly scenery with its own more laid back rhythm.

Ras Al Khaimah government has launched an offshore facility, second in the uae, that is expected to lure investors looking for a new tax haven.

The initiatives, called “international company registry”, will allow foreign investors to register offshore companies in the RAK Free Trade Zone without the need to establish a physical presence.

RAK Offshore is a true offshore facility and regularity body offering complete offshore non-resident business registration and financial services. It is the cheapest incorporation in the Middle East.

As people gain wealth they naturally want to protect it from political instability: unnecessary taxation: extravagent heirs and any other unwanted creditors.

An offshore IBC (International Business Company) is a route to achieve the levels of protection which is required.

An offshore industry was small and mysterious 20 years ago. The increasing demand for offshore facilities has resulted in the growth of offshore services.

Over 60% of the world’s money flows through offshore today. Another important characteristics features is its confidentiality and security.

Rak offshore is designed to fill a clear gap in the regional and worldwide offshore opportunities available to businesses and financial companies.

Rak offshore aims to be a regional business hub with unique competitive advantages that will appeal to a wide variety of businesses, enterpreneurs and investors.

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Ras Al Khaimah

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