[varalpateam5@varaluae.com]

I m interested in Rak offshore.
How much will be renewal charge.?
Also please clear about taxation on profit of this type of business.

[companyservices2@varaluae.com]

The details are below.

An offshore company in the United Arab Emirates [UAE] is the best solution. A UAE offshore company is the equivalent of an International Business Corporation [IBC].

Offshore companies in UAE have

Zero taxes on income, transactions or capital gains

Minimum capital is USD 1

No local office or residential visas are allowed (since you are UK citizen you can come on an on-arrival visa to UAE)

Offshore company can do only international business

However it can own assets in the UAE and accept payments and issue invoices from UAE

Can have a Dubai bank account

Currency freely convertible

Details

RAK OFFSHORE
Cost for single Shareholder ( Individual Share holders)
USD 2,997
Time to complete registration
5 Days
Physical presence for signing
Not Required
Minimum Directors 1
Additional Shareholder USD 300
Share Certificate attestation
USD 100
Bank Account Opening
Will introduce you to a bank consultant who guarantees a bank account and their charges will be around USD 1350.

Renewal company Cost Annually:

Company renewal fee : USD 2000

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