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Incorporation Offshore

admin — Tue, 29 Dec 2009 08:53:18 +0000

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.

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Tags:incorporation offshore,rak company. rak dubai

Ras al khaimah uae

admin — Tue, 16 Jun 2009 06:12:04 +0000

Ras Al Khaimah uae is in the northern part of the Persian Gulf. Ras (rās al Khaymah, literally “The Top of the Tent”) is one of the emirates of the United Arab Emirates.

It covers an area of 656 square miles (1700 km²). The Ras al khaimah uae is ruled by Sheikh Saqr Bin Mohammad Al Qasimi.

The city of Ras al Khaimah UAE, the capital of emirate, is divided into two parts by a water gill named khour ras al khaimah. Its ferocity and beauty is seen in its traditions and scenery.

An adventurous and spell-binding place, ras al khaimah uae is considered as the ‘Wild west’ of the United Arab Emirates.

Other important districts are Al Hamraniah which is an agricultural area, containing the Ras al khaimah International Airport, the Khaat area, a tourist for treatment, and masafi district that is well known for its orchards and natural potable water.

The main advantages are the following:

No corporate/income/export tax
Strategically located in the Arabian Gulf and forms the gateway to most of the countries in the Middle East
Ras Al Khaimah uae is emerging as a solid tourism destination benefiting from rising costs of rents and sales in Dubai and Abu Dhabi
Ras Al Khaimah uae is famous for its magnificent tourist attractions, charming endless sandy beaches, evergreen expanses of land, and high graceful mountains in addition to its fine weather
No foreign exchange controls, trade barriers or quotas
No restrictions on capital repatriation
Easy access to key decision makers
Liberal labor laws

Locational Advantages:

Well connected to major international destinations
Lowest freight cost to Europe, Asia, Africa and America
Ras Al Khaimah uae has its own international airport and RAK Airways
Well-developed infrastructure facilities
Three main Seaports, Mina Saqr, Mina Khor and Mina Al Jazira

As the emirate will never be a major oil producer, Ras al khaimah uae has instead had to concentrate on developing its industrial sector. It started the UAE’s first cement company in the early 1970s and is now the UAE’s largest producer of cement.

In the 1980s, the emirate formed Rak Ceramics, which has become the world’s largest ceramics producer, and Julphar, the Persian Gulf region’s first pharmaceuticals company.

The Emirate of Ras al khaimah uae has an impressive archaeological heritage and a very rich history.

This area had always enticed settlers with its unique combination of all the four types of landscapes found in different parts of the United Arab Emirates: the fertile plains, the mountainous region, coastal areas and the desert environment.

Another remarkable achievement of Ras al Khaimah uae is the formation of Rakia (Ras al kahiamah investment authority).

RAKIA has formed Rak Offshore which is a true offshore facility and regularity body offering complete offshore non-resident business registration and financial services.

An offshore company is a company which does not conduct substantial business in its country of incorporation and is formulated in a law of no tax jurisdiction for the purposes of legally minimizing any type of tax payment and improving one’s wealth management.

Features and regulations of rak offshore are the following:

The capital of the company can be any amount divided into any denomination
The minimum number of shareholder and director is one
All shares must be fully paid when allocated and no bearer shares or differential classes of shares are allowed. There is no requirement to deposit the capital in bank
100% foreign ownership permitted and 100% tax and duty exemption
Opening corporate bank account in a bank at Dubai, UAE
A registered agent (legal firms, auditors, consultants) is required to be appointed by the Company from the approved list of registered agents maintained by RAK free zone
The Offshore domicile is located in the RAK free zone
The investors need not visit the authority to incorporate the company
Only in case of suspicion Audited financials will be requested

For your offshore incorporation in Ras al Khaimah uae, there exist many service providers offering a competitive offshore package.

Such package 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.

We incorporate offshore companies in Ras al khaimah. We provide the most confidential and the most comprehensive solution available in the offshore world. If you want more information about the Rak offshore Please fill the following form.

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Tags:incorporation offshore,rak company,rak uae,ras al khaimah,ras al khaimah uae

Ras al khaimah investment authority

admin — Tue, 16 Jun 2009 05:13:11 +0000

Ras Al khaimah Investment Authority was incorporated in the year 2005 under the patronage, vision and guidance of His Highness Sheikh Saud bin Saqr Al Qasimi, the Crown Prince and Deputy Ruler of the emirate of Ras Al Khaimah.

The mandate of the authority is to attract quality investments in the key sectors of RAK economy such as industry, tourism and real estate.

Located within 1 hour driving distance from Dubai (85 kms) and 30 minutes drive from Sharjah (45 kms), the land and infrastructure costs are competitive by as much 50-60% as compared to any neighboring Emirates.

With its proximity to Dubai and good connectivity, Ras Al Khaimah is quickly developing a reputation as one of the hottest investment destinations in the region, and as a tranquil and affordable place to live and work within the UAE.

The semi-governmental body will have a legal character and would enjoy financial and managerial independence.

Ras al Khaimah Investment Authority will have the brief of proposing investment policies and supervising their implementation, assessing economic feasibility studies pertaining to investment and promoting developmental projects and investment opportunities across economic sectors within RAK.

Ras al Khaimah Investment Authority acts as one stop shop for all investor needs. Our services include offering business licenses (Free and Non-free zones), visas, industrial plots, warehouses, labour accommodation, commercial space, building permits etc.

Ras al khaimah investment authority provides all necessary infrastructure and approvals under one umbrella for all investors including partnering them for their projects in UAE.

Rak government’s vision is that Ras al Khaimah Investment Authority becomes leading authority in making sound investments in Rak and partner with others who share their vision, enabling them to achieve their objectives, at the same time creating a sustainable and growing economy.

Ras al khaimah investment authority has been able to attract close to US$ 1.2 billions of investment from all over the world, in various industry segments since inception less than 2 years ago.

These industries are diverse and strategic and are in the areas of Glass & Table ware, Float Glass sheet, Cement, DVD media factory, Renewable Energy, Pharmaceuticals, Consumable Hygienic Products, Vehicle Assembly, Hotels & Hospitality business, Health & Education, Tourism industry and many more.

Ras al khaimah investment authority is at the forefront of the Ras Al Khaimah Government’s initiatives to diversify the economy, and is responsible for promoting the development of the Industrial Zone and the Free Zone in Al Hamra, and the Industrial Park in Al Ghayl.

Since its inception two years ago, the Investment Authority has successfully attracted almost USD 2.0 billion worth of investments from all over the world, across a broad range of industrial sectors.

Setting up of the Ras al khaimah investment authority is a step towards bringing this policy to life.

The Authority will propose and implement investment policies at a macro level and at a micro level, be involved in feasibility studies, viability analysis and establishment of healthy business enterprises in tourism, manufacturing and related sectors within Ras Al Khaimah.

To further accelerate the growth of the economy through foreign investments, Ras al Khaimah Investment Authority will also set up, establish and run the 4th Free Zone in the Emirate. It will also partner investors in enterprises outside the Zone where economic imperatives demand it.

Recently Ras al Khaimah Investment Authority has formed RAK OFFSHORE which is a true offshore facility and regularity body offering complete offshore non-resident business registration and financial services.

With RAKIA’s success in attracting companies and inward investment to the emirate, plenty of opportunities for corporate services are on the horizon.

In fact RAK Offshore, an authority created in 2006 to provide the financial infrastructure needed to support increased economic activity, had registered almost 2000 companies by the end of 2008.

Our website rakcompany.net gives wide information about Rak company formation and Free Zone Company.

One of the key advantages of rak offshore is that it offers complete privacy and confidentiality. If properly structured offshore company formation is an excellent ,tax efficient strategy for enterpreneurs to conduct their international business.

In our opinion rak offshore is the ideal offshore jurisdiction to invest money.

Offshore company formation is an excellent, way to legitimately minimize international taxation. It is a legitimate way to protect your asset.

Offshore company registration procedures are typically less complex than those in traditional trading jurisdictions it requires only limited information on shareholders, directors and beneficial owners. So setting up of an offshore company is quick and cost effective.

The registrar of companies is the production unit of rak offshore and is responsible for establishing business relationships, incorporating offshore companies through licensed registered agents.

We provide offshore services in Ras Al Khaimah, UAE because it is the most confidential and secure offshore location today. We offer you low cost confidential offshore services and do offshore incorporating in the fastest and most efficient manner.

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Tags:incorporation offshore,rak company,rak investment authority,ras al khaimah investment authority

Ras al khaimah

admin — Sun, 14 Jun 2009 09:05:55 +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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Tags:incorporation offshore,rak company,rakia,ras al khaimah

Company formation uae

admin — Thu, 11 Jun 2009 09:06:21 +0000

Company Formation in UAE may take one of seven forms:

1) Public Shareholding Companies

2) Private Shareholding Companies

3) Limited Liability Companies

4) General Partnerships

5) Limited Partnerships

6) Partnerships Limited by Shares

7) Shareholding Companies

Companies not taking one of these forms for Company Formation UAE are not legally recognized, and persons contracting in their name will be jointly and severally liable for the obligations arising from such contracts.

Exceptions apply only for companies located in a Free Trade Zone. There are also requirements determining minimal capital contributions, the number of directors and shareholders, and incorporation procedures.

Each entity must be registered and licensed with the UAE Federal Ministry of Economy and Commerce and with the appropriate authority in the Emirate in which its office will be located.

Furthermore, the law for company formation uae sets forth the general rule that participation of UAE nationals should never be less than 51 percent in any commercial enterprise. Some business forms and structures are generally not available to foreign investors, as will be elaborated below.

Public share holding company

Public shareholding company formation in uae is a company with a capital divided into equal negotiable shares. In such companies a shareholder’s liability is limited by the number of shares held by him.

Minimum capital required to form a public share holding company in uae is AED 10 million with a nominal face value of AED 1-100. Shares are registered in a share register and cannot be issued lower than the nominal value. All shares must have equal rights.

The Board of Directors must have a minimum of three and not more than twelve directors. The chairman, as well as a majority of the board, must be UAE nationals for public share holding company formation in uae.

Private Shareholding Company

Another company formation in uae is private share holding company. A private shareholding company must have a minimum of three shareholders. The minimum share capital to form a private share holding company is AED 2 million. Shares may not be offered to the public. The Chairman and majority of the Directors in a private shareholding company must be uae nationals.

Limited Liability Company

This type of company formation in uae is widely accepted way to business. Under the Commercial Companies Law or CCL (Federal Law No. 8 of 1984 Concerning Commercial Companies as amended by Federal Law No 1 of 1984 and Federal Law No 13 of 1988, Federal Law No. 15 of 1998), foreign investors are permitted to hold up to 49 per cent equity ownership in UAE companies, 51 per cent of the equity must be held at all times by one or more UAE nationals.

This type of company formation uae can be formed by a minimum of two and a maximum of fifty persons. Shareholder liability is limited to the value of shares held in the company’s capital.

The minimum capital required to establish a limited liability company is DH 150,000 in other emirates and DH 300,000 in Dubai… Non-UAE nationals may own up to 49 percent of an LLC. The Companies Law provides that an LLC may engage in any lawful activity except insurance, banking and investment of money for others.

Partnerships

General Partners

General Partnership company formation in uae is a type of company where all the shareholders are jointly liable for the company liabilities to the extent of their assets.

All the partners should be UAE nationals. General partnerships are formed by two or more UAE nationals who are jointly and severally liable for its debts. Interests of a partner can be transferred as stipulated in the partnership agreement or with the approval of all partners.

Limited Partnership

A limited partnership is another type of company formation in uae which composed of one or more general partners who are jointly and severally liable for all of its debts, and one or more limited partners who are liable for the limited partnerships debts only to the extent of his capital contribution.

A partnership limited by shares has both general partners with unlimited liability and partners whose liability is limited by their shares in the capital. The capital must be at least DH 500,000 and has to be divided into negotiable shares of equal value.

Joint Ventures

Another company formation in uae is Joint Participation is a form of company consists of two or more partners for carrying out a single or multiple businesses by one of the partners in his own personal name.

This is a contractual agreement between a foreign party and a local party licensed to engage in the desired activity. The local equity participation in the joint venture must be at least 51%, but the profit and loss distribution can be prescribed.

There is no need to license the joint venture or publish the agreement. The foreign partner deals with third parties under the name of the local partner who – unless the agreement is publicized – bears all liability.

A joint venture is a type of company formation in uae where contract may be written or oral and not required to be notarized. Third parties can recourse only to the partners with whom they deal.

Structures Available to Foreign Investors

General – A foreign investor may chose to participate with up to 49 percent in a company formed in one of the structures open to foreign investors. Despite the requirement that the majority of shares must be held by UAE nationals.

Branches – A foreign company may establish a branch in the UAE but a local sponsor or agent is required who must be either a citizen of the UAE or a company wholly-owned by citizens of the UAE.

A branch must be registered with the local chamber of commerce and the municipality. Since February 1990, branches of foreign companies (including those already in existence) are also required to register with the Ministry of Economy and Commerce.

International company (offshore) – the most common uses of Offshore Companies are for business and investment purposes in order to protect your assets by minimizing your taxes.

The minimum number of shareholders is one person and maximum is 50 persons and they can select their own minimum capital in order to set up the company. Name of the company must include the suffix Limited or Ltd to denote limited liability.

If you are looking for an offshore company in the Middle East, rak offshore is the cheapest.

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Tags:company formation uae,incorporation offshore,rak company,uae free zones

Incorporation offshore

admin — Thu, 11 Jun 2009 07:27:43 +0000

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.

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.

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.

Reducing Tax Liability – A foreign jurisdiction can offer unparalleled opportunities for reduction of your tax liability.

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.

Go back to home page.

Tags:incorporation offshore,rak business,rak company,rak dubai

RAK Company * RAK Offshore * RAK Free Zone * RAK Dubai * RAK UAE » incorporation offshore

Incorporation Offshore

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