Ras Al Khaimah UAE
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.
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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.
Ras Al Khaimah UAE 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
Ras Al Khaimah UAE 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.
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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 provide the most confidential and the most comprehensive solution available in the offshore world. We incorporate offshore companies in Ras al Khaimah UAE.
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