RAK

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  • #6055

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

    #6057

    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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