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Ras Al Khaimah Business Center
Posted in: RAKBS Business Center by admin on March 11, 2010 | No Comments
he Business Center at RAK Business Square stands in a class by itself, combining an exceptional location, designer décor, and state-of-the-art office technology to create a work and meeting environment of unparalleled privacy, efficiency, and comfort for today’s most discriminating businesspeople.
In addition to our unrivaled executive atmosphere, we exceed our clients’ expectations via personalized, value-added services that help your business establish a professional, prestigious presence within the UAE
 RAK Business Square Products |
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Please visit us at RAK Business Square to find more about our products
BUSINESS CENTER SERVICES
- Secretarial Service
- Reception Service
- Administrative Services
- Telecommunication Service
- Other Business Center services
UAE Property Services
Posted in: Property Services by admin on | No Comments
During the recent years, we have positioned ourselves as a leading corporate service provider to major real estate broker firms and property investors in the UAE.
We are able to assist you on all aspects of setting up a UAE offshore company in relation to buying, selling, and managing properties within the UAE and have a working knowledge of the practices of local authority.
Many speculators, investors and end users prefer buying, selling, managing (especially UAE) properties through a UAE Offshore company – Called corporate ownership rather than individual ownership.
In partnership with one of the leading real estate companies based in Dubai, Gulf Selective Properties, we can also assist you to buy, sell, manage, or rent a property in Dubai or elsewhere in the UAE.
Advantages of using a UAE offshore company for buying and selling Properties:
Set up time: 24hours.
Tax and duty exemption
100% foreign ownership permitted and 100% tax and duty exemption.
UAE Double Taxation Avoidance Agreement (DTAA)
Corporate Bank Account
Bank account opening with UAE prime banks, multi-currency, with full internet access, making it easier for international money transfers.
Physical Office not required
No physical office in the UAE required with the Offshore License. You will use our physical address as registered agent with the government, saving you a lot operational costs in terms of renting offices.
Asset Protection in Case of Death
In case of death, corporate ownership of assets (such as properties) is transferred via simple company share transfer to new beneficial owner, saving a lot of legal inheritance troubles and costs.
Confidentiality
Corporate ownership and business ensures beneficial owner’s confidentiality.
Joint Investments
Best choice in case of joint investments and joint business owners.
Advantages of UAE offshore over other Offshore Jurisdictions
Very costly and time consuming mandatory legalization and notarization of Documents by UAE consulate and Ministry of Foreign affairs from other offshore jurisdiction such as BVI, Panama, Cayman Islands etc., can be avoided.
Other Activities Allowed
The company can also act as Trading Company, Consulting Company, Holding Company (Buy/Hold/Sell stakes of companies).
Doing Business in UAE
Posted in: Business in UAE by admin on | No Comments
The United Arab Emirates (UAE) is a federation of seven emirates located in the Arabian Gulf: Abu Dhabi, Dubai, Sharjah, Ajman, Umm al Quwain, Ras Al-Khaimah and Fujairah. Abu Dhabi City is the federal capital. Each emirate has contributed to the nation’s progress and exciting opportunities for investors are to be found in all parts of the country.
Sharing a border with Saudi Arabia and Oman, the UAE has a land mass of 83,600 square kilometres and a total population now estimated at 4.1 million. The urban population is 75 percent of the total as four fifths of the territory is desert.
The UAE’s foreign population is around 80 percent.
According to OPEC’s 2005 report, the UAE has the world’s fifth largest proven reserves of crude oil (9 percent of total world reserves), and fourth largest reserves of natural gas (5 percent of the world total). These reserves are expected to last for more than 100 years at current production rate.
| Emerate | Area | Population (2006) | GDP as a percentage of UAE GDP (2006) |
| Abu Dhabi | 67,340 km^2 | 1,800,000 | 60% |
| Dubai | 4,114 km^2 | 1,422,000 | 28% |
| Sharjah | 2,590 km^2 | 656,941 | 7.2% |
| Ras al-Khaimah | 2,478 km^2 | 191,753 | 1.9% |
| Fujairah | 1,160 km^2 | 130,000 | 1.2% |
| Umm al-Qaiwain | 750 km^2 | 62,000 | 0.4% |
| Ajman | 259 km^2 | 235,000 | 1.3% |
The UAE economy is booming and the opportunities to do business in the country are limitless. The UAE’s currency, the dirham, is secure and freely convertible; there are no restrictions on profit transfer or capital repatriation; import duties are low (around 5 per cent for virtually all goods) and labor costs are competitive; corporate tax and personal taxes are nil and 44 double taxation agreements and 32 bilateral investment treaties are in place. In addition, the financial risk is minimal (Moody’s credit rating Aa3). These factors, combined with a strategic, accessible location for major regional markets, an excellent reliable infrastructure and an extremely pleasant, stable and safe working environment bode well for investment.
Not surprisingly therefore, the UAE ranks high in the list of the Middle Eastern and GCC countries deemed to be the most attractive to direct foreign investments (FDI), securing 60 per cent of FDI flows to the region during 2006.
Finally, the UAE is a contracting party to the General Agreement on Tariffs and Trade (GATT) since 1994 and a member of the World Trade Organisation (WTO) since 1996. It is also a member of the Greater Arab Free-Trade Area (GAFTA) in which all Gulf Cooperation Council (GCC) states participate. The UAE is in the process of negotiating free trade agreements with the US and has embarked on negotiations, either individually or with the GCC, on several regional trade agreements. Although Arabic is the official language, English is widely used in business transactions.
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UAE Free Zone Company Formation
Posted in: Company Formation by admin on | No Comments
How to Establish UAE Freezone Company
Set up time: 2-3 weeks
UAE Residence Visa: 2-3 weeks
LIST OF REQUIREMENTS
• Application form duly filled – ‘Application for License’
• Business card of contact person
• Passport copies of partners
• Passport copy of manager
• Original bank reference letters of partners (Good Standing Letter)
• License copy of existing company (if any)
• Original bank reference letter of existing company (if any)
Find more about how to establish uae freezone company
| More Information about UAE Freezone Company Setup |
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About RAK Company Administration
Posted in: Blog by admin on | No Comments
RAK Company Administration FZ LLC (RAKCA) is one of the largest Registered Agent for incorporating Offshore & Onshore Company regulated under Ras Al Khaimah Investment Authority. RAKCA is based in Ras Al Khaimah with its representation in Switzerland. RAKCA offers a full range of corporate services to its international clientele through tax effective onshore/offshore structures primarily in the United Arab Emirates. Our range of services include incorporation, management and administration of the offshore company, establishment of bank accounts with prime banks in UAE, accounting and auditing, legal and financial consultancy and real estate services
We Establish :
• Offshore companies – An offshore company is a company which is incorporated outside the jurisdiction of its primary operations. Offshore companies are sometimes known as non-resident companies. An offshore company should not conduct substantial business within the offshore jurisdiction where it is incorporated.
An Offshore company is :
o Very flexible corporate entity commonly used in international tax planning ; and
o Can be integrated into a wide variety of business arrangements.
Benefits of an Offshore company are :
o Tax optimization and reduction of tax exposure;
o Assets protection ;
o Efficient corporate structure ;
o Protection in case of death and reduction of extensive fees.
There is no standard reply as to which is the best offshore jurisdiction. However, RAK Offshore at the very outset was conceived to allow people unleash their entrepreneurial spirit by making it easier and more cost effective to start and operate offshore business.
There are a number of business activities which are suited to be operated through an RAK Offshore company, these include:-
- General Trading;
- Consulting and Advisory Services;
- Holding Company (buy/hold/sell stakes of companies) ;
- Investments and Joint Investments Company ;
- Property Owning;
- International services ;
- Professional Services ;
- Shipping and ship management companies ;
- Commission Agents Company – Intermediary Brokers (IB’s) .
The initiative of RAK Offshore will allow foreign investors to register offshore companies in the Ras Al Khaimah without the need to establish a physical presence. The RAK Offshore Registry gives more flexibility than other offshore company jurisdictions in the UAE. For example international companies will be able to own an interest in properties designated for free-hold sales, anywhere in the UAE and there are no restrictions on the types of business other than those set out by public policy and local regulatory requirements of the licensing authority.
A RAK Offshore company :
o Can be incorporated with a symbolic capital and ;
o With Sole Director/Sole Shareholder or with Corporate Director/Corporate Shareholder;
o It may own real estate in the UAE, with prior authorization from RAK Investment Authority;
o It does not require the shareholder/director to be physically present in the UAE for incorporation.
A RAK offshore company can only be incorporated by a registered agent and RAKCA, as an agent to RAK Offshore can incorporate your RAK Offshore Company within 24 hrs. Any non-resident individual or corporate entity can register a company with RAKCA.
Web Development Rak, Uae
Posted in: Web & Branding Services by admin on March 10, 2010 | No Comments
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First impression is the last impression – Your first impression plays a key role in the success & development of your business. Online researches have shown, an online web browser leaves a website in less than 3 seconds, you have 3 seconds to present yourself and make them browse website, provide information about your services and turn them to a buyer. Having a strong online presence leads to more sales and strong customer base.
We at RAKCA work closely with our clients to understand their target audience and design a strong presence that leads to successfull business development process. We analyse competitors in the same domain and take care of all aspects while developing your online presence i.e search engine optimization, visibility and high rankings. Check our Special Branding & Special Offers |
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We also provide fully customized e-commerce solutions, please contact us to discuss your requirements in detail.
UAE Offshore Company Formation RAK
Posted in: Company Formation by admin on March 7, 2010 | No Comments
RAK offshore incorporation helps you to run your business or asset ownership in the Middle East in the most profitable manner. Especially because you avoid the cumbersome process of having the off shore incorporation company documents attested by various embassies and Ministries of Foreign Affairs!
For your offshore incorporation in RAK, there exist many service providers offering a competitive offshore package. Such packages include services for operating your business, hiring local employees, entering into agreements, renting of office space, selling goods and company services, drafting contracts and offering investments, taxation and banking advice.
As RAK offshore incorporation requires an agent, you will need to choose one in order to register your company. The offshore package offered by any service provider stipulates that the agent representing the service provider would act as a link between the newly formed offshore enterprise and the local government.
RAK Offshore Incorporation – Features and regulations:
* The capital of the company can be any amount divided into any denomination.
* The minimum number of shareholders and directors is one.
* All shares must be fully paid when allocated and no bearer shares or differential classes of shares are allowed. However, there is no requirement to deposit the capital in bank.
* 100% foreign ownership permitted and 100% tax and duty exemption exists on RAK off shore incorporation companies.
* Opening a corporate bank account in a bank at Dubai, UAE is permitted.
* A registered agent (legal firms, auditors, consultants) is required to be appointed by the Company from the approved list of registered agents maintained by RAK Free Zone.
* The Offshore domicile is located in the RAK Free Zone.
* The investors need not visit the authority to incorporate the company, however the documents need to be signed in the registered agent’s office.
* Audited financials will be requested only in case of suspicion.
RAK Offshore has been established by the Ras Al Khaimah Investment Authority (RAKIA), the government body responsible for the socioeconomic growth of the Emirate, to address the region’s growing demand for offshore markets, while at the same time to boost the emirate’s ongoing economic diversification program. Within just 14 months of operation as an alternate offshore location in the Middle East, RAK Offshore has expanded its client portfolio to over 1,900 International Business Companies (IBCs) providing specialized services such as asset protection schemes and real estate holding.
Real estate and property investments are among the principal businesses of several international firms registered with RAK Offshore. Ras Al Khaimah, has also created a splendid mix of infrastructure projects and new policies to provide the best environment for the off shore incorporation of companies.
A key feature of RAK Offshore is that it offers complete privacy and confidentiality; owners of IBCs are kept confidential under law, ensuring a highly conducive business environment for both individual and corporate investors. RAK Offshore’s portfolio of services includes a wide range of financial and non-financial services. Under its non-financial portfolio, RAK Offshore facilitates the establishment of IBCs whose activities include international trading, asset protection, tax planning and real estate holding.
RAK Offshore also supports a wide selection of outsourcing companies, and offers several marine-related services, including an open registration facility for vessels and yachts from anywhere in the world. Under its financial services portfolio, which has been forwarded to the authorities for approval, and is currently under review as per guidelines of the UAE federal authorities, RAK Offshore will provide in the future, a regulatory framework to establish a diverse range of funds, including Sharia-compliant investment products. RAK Offshore will also facilitate the establishment of different kinds of offshore trusts, which may be used to hold offshore companies or other assets under the RAK Offshore Special Corporate Trust Regulations.