- The availability of Double Taxation Avoidance Agreement (DTAA)
- State of the art banking system
- State of the art telecommunication facilities
- Proximity to entire Gulf and global markets
- Low start-up costs
- Absolute privacy, confidentiality and protection of assets and information
- Annual Audit Report not required to be submitted to the Authority
- Tax Free Country, 0% tax
What makes your jurisdiction different from other competitors for Chinese investors?
In the current worldwide economic situation, RAK is becoming very efficient place to incorporate your offshore company.
UAE has long enjoyed a reputation as a secure, tax-free jurisdiction for international banking and company incorporation. With this latest development from Europe, RAK company registration and corporate and personal banking options are becoming more popular with international businesses and high net worth individuals.
Many jurisdictions are considered only as tax havens. The United Arab Emirates is a 'real' country with a 'real economy'. It has an established history of international trade, finance and business, and today it is one of the fastest growing countries in the world with one of the highest standards of living.
What is the general taxation rate for incorporating companies in your jurisdiction?
There are no taxes levied by the seven emirates of UAE, therefore there no taxation rate for incorporating offshore companies in our jurisdiction.
Can the regulatory authority request information about the company and officers or account details from your jurisdictions?
These are not available for public inspection, other than by members or directors. All information are kept 100% confidentially.
What are the fees associated with company incorporation and how long does it normally take?
4000 AED is the company formation cost.
24 h is the time required for the company formation.
Does your jurisdiction have any DTAs with China or HK?
YES, our jurisdiction has DTAs with China (HK), and many other countries.
Source: RAK Investment Authority
