Incorporation offshore
Incorporation offshore is a corporation or limited liability company that has been formed outside of your country of residence.
‘In this world nothing is certain but death and taxes.’ Benjamin Franklin (1706-1790). It’s true but as regards to the second part: taxes may vary.
Offshore incorporation is a corporation or limited liability company that has been formed outside of your country of residence. Offshore companies are sometimes known as non-resident companies.
Many people think that offshore services are only for the wealthy or for money laundering.
However, this is simply not true. Now more and more people are being dragged into paying higher and higher taxes when they could be planning of their and their family future by the effective use of legitimate offshore structure.
Going offshore is the best way to protect your personal and financial privacy, and your future well-being.
Mainly an offshore company is of three characteristics.
First, it should be incorporated under the offshore company’s regulations of relevant offshore jurisdictions.
Second, it should be incorporated by incorporators outside the offshore jurisdiction where it is incorporated.
Last, it should not conduct substantial business within the offshore jurisdiction where it is incorporated.
By incorporating offshore you can become judgment-proof, as the world-wide courts are not recognized in the offshore jurisdictions, and tax-free, as there are no taxes assessed on in offshore trusts or International Business Companies formed in offshore jurisdictions.
The main reasons for incorporation offshore and formation are the following:
To save tax – An offshore company can form part of an overall taxation reduction strategy for certain individuals or entities.
To have greater ease of operation – Many offshore centres make it very easy for companies incorporated locally to trade if they do not transact locally and they are not involved in banking or financial services.
To achieve a higher level of anonymity - A number of overseas centres offer the option of having nominee director for the establishment of a company and others also manage to keep the names of directors and shareholders off public record.
Reducing Tax Liability – A foreign jurisdiction can offer unparalleled opportunities for reduction of your tax liability.
Keep business affairs confidential – Offshore Companies offer complete privacy. If the company shares are held by a Trust, the ownership is legally vested in the trustee, thus gaining the potential for even greater tax planning advantages.
Estate Planning – Private Foundations, and Offshore Protective Trusts for accumulation of investment income and long-term benefits for beneficiaries on a favorable tax basis (without inheritance, income, or capital gains taxes);
Protect assets – In combination with a Trust, an offshore company can avoid high levels of income; capital and death taxes that would otherwise be payable if the assets were held directly. It can also protect assets from creditors and other interested parties.
Incorporation Offshore is not only a priority for the “Rich” The main and the most popular way to protect one’s assets and save on taxes is to register an offshore company (IBC) and open a bank account for it outside the country of usual residence.
One is well advised to choose the country of incorporation wisely. We offer incorporation offshore in jurisdiction of Ras Al Khaimah. Because it is the cheapest offshore in the Middle East.
We incorporate both offshore company formation and Free zone companies.
Tags: 
Dear Sirs,
I live in Brazil and need to open a RAK offshore company. Could you send all the cost details to start and also the annual fees. No hidden charges please since I am just starting and cannot spend much.
Hello!
Thank you for your comment.
RAK offshore company is US$ 2500. Including a bank account in Standard Chartered or Barclays Bank in Dubai it is US$ 3500.
Please let me know how you would like to proceed.
Best regards
Rama
Dear Sir
With a view to get some idea about Rak -Offshore ,will you please provide some information about the source from where I can have the materials detailing the rules and regulations ?
With Thanks
Shah
0507039495
Hello!
Thank you for your comment. Please tell me what specific information you need and I shall give it to you.
Regards
Rama
Hi Mr. Rama,
Would like to know, if redomicilation is permitted in Rak Offshore.
(Can an offshore company incorporated in other tax free jurisdiction move to RAK Offshore)
Regards,
Joseph
Hello Joseph
Yes we can re-domicile a company to RAK offshore.
There is a lengthy procedure involved. The cost is approximately US$ 3100.
Please let me know if you would like to move forward.
Warm regards,
Rama
Hi,
I’m an expat qualified in the Marine field. Presently wkg for a diving co. in UAE. I want to start my own Marine Offshore co. in RAK, providing services and equipments. Ps advise how am i to go about it. What is the capital & documents & other requirements in doing so. And also what r the visa formalities. Thanks for your help in advance.
Hello Lawrence
Thank you for contacting us via rakcompany.net.
If you clicked on the link in the first email you received from me, you would have already received general information about RAK companies.
You asked:
Q. I’m an expat qualified in the Marine field. Presently wkg for a diving co. in UAE. I want to start my own Marine Offshore co. in RAK, providing services and equipments.
A. Do you want to provide these services in RAK? To individuals or corporate? How big is the operation? If it is for import and export then a Free Zone company will be suitable. However if you propose to rent the equipment locally or sell it out of a store front then you would need a local company with a sponsor.
Q. Ps advise how am i to go about it. What is the capital & documents & other requirements in doing so. And also what r the visa formalities. Thanks for your help in advance.
A. Depending on whether you need a local company or a free zone one, I can send you more appropriate information.
Warm regards,
Rama
What are the advantages of RAK vs Dubai?
and what are the yearly running costs of a RAK offshore
Hello Meera
Thank you for your inquiry.
RAK is MUCH cheaper than Dubai for a free zone and also for an offshore company. And you get the same functionality.
The RAK offshore company with a bank account is US$3500 to start and US$ 2000 annually.
Please let me know how we can proceed further.
Best regards
Rama