Offshore in Dubai FreezonesThe Emirate of Ras al Khaimah is one of the seven emirates that form the United Arab Emirates. It is situated only 20 minutes from Dubai, connected by the Emirates Road, a multi-lane highway. Due to its strategic geographical location, it was a centre of traditional shipbuilding and trade in the past and has recently became a centre of quarrying, manufacturing and tourism.
Ras Al Khaimah was ranked sixth on fDi magazine’s list of Top 20 Middle Eastern Cities and first on its list of ‘Cities Most Attractive for Foreign Investment’, followed by Abu Dhabi and then Dubai. This shows that RAK offers an excellent business environment for both local and international companies.
An offshore company in Ras Al Khaimah offers a very good value for money and a quick and unbureaucratic registration. An offshore company is not to be mixed up with a company of a UAE free trade zone. The International Business Company (IBC) is authorized to doing business world-wide, except the United Arab Emirates itself.
Independence; Ras al Khaimah (RAK) is independent! Organizations like the European Union or the Organization for Economic Cooperation and Development practice pressure on traditional tax havens. The UAE are not on any list of tax havens. Hence, the United Arab Emirates are independent and therefore not exposed to this pressure.
Double-tax-treaty: with a large variety of statesThe U.A.E. maintain double taxation agreements with 41 countries like e.g. Germany, Switzerland, Belgium, China, Finland, France, India, Italy, Canada, Malta, the Netherlands, Austria, Poland, Rumania, Singapore, the Czech Republic, Turkey…
Organization for Economic Cooperation and Development (OECD)RAK is NOT member of the OECD and therefore there is no exchange of information taking place.
Black list for tax havensRAK is neither on the black list of tax havens of the OECD nor the FATF.