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I m interested in Rak offshore.
How much will be renewal charge.?
Also please clear about taxation on profit of this type of business.
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
Cost for single Shareholder ( Individual Share holders)
Time to complete registration
Physical presence for signing
Minimum Directors 1
Additional Shareholder USD 300
Share Certificate attestation
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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