Ras Al Khaimah is one
of the fastest growing emirates in one of the fastest growing economies
in the world, the United Arab Emirates.
Renowned for its natural beauty and art de vivre, Ras Al Khaimah has also
gained a reputation for being a transparent, tax-free, corruption-free and
no-red-tape location to do business. Its booming economy and proximity to
other major international centres like Dubai has attracted hundreds of large,
medium and small businesses from every part of the world.
Now, RAK Offshore is making it possible for non-resident corporations, entrepreneurs
and individuals worldwide to enjoy all the advantages which were available
only to resident entities.
At RAK Offshore, the sole raison d'être is to help your business succeed.
From the very outset, it was conceived to allow you to unleash your entrepreneurial
spirit by making it easier and more cost-effective to start and operate
an offshore business. RAK Offshore offers businesses and individuals a wide
range of comprehensive services and structures that are dedicated to non-residents.
RAK Offshore also benefits from one of the most comprehensive lists of non-double
taxation treaties in the world, including with China, India, Italy, France
and Germany.
Day-to-day operations are managed by the Registrar, under the control
of the RAK Investment Authority (RAKIA), and the independent and dedicated
RAK Financial Services Authority (RAKFSA), as well as the Central Bank
of the United Arab Emirates. In delivering its functions and in considering
applications by organisations and individuals wishing to establish businesses
within or through RAK Offshore, the Registrar and RAKFSA aim to adopt
a firm but flexible regulatory approach.
It is of paramount concern to the government that Ras Al Khaimah's reputation
is not tainted by the use of the jurisdiction for money laundering or
other illegal purposes. Therefore, RAK Company Administration, as a licensed
Registered Agent is expected, in accordance with a set of strict guidelines,
to carry out proper due diligence and 'know your customer' checks so that
we are satisfied as to the identity of the clients and the legitimate
origin of the clients' funds. Although total confidentiality is ensured
by the legislation, the authorities will cooperate with law enforcement
agencies and regulators in case of illegality.
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