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MEDIA / Blog / Why a UAE RAK Offshore Company
The choice of a suitable jurisdiction for an offshore company registration is an important decision and requires careful consideration. Not all jurisdictions are treated equally by the international business community and monitoring authorities.

The recent attack on uncooperative tax heavens initiated by the G20 has only cemented the UAE’s popularity as a valuable alternative to traditional offshore centre. RAK offshore company formation in UAE offers an excellent choice for investors.

Ras Al Khaimah (RAK), one of the 7 Emirates in the UAE, has a well established professional infrastructure. The authorities are experienced and offer an efficient company registration service. Companies are usually incorporated within 1-2 days. Any non resident individual or corporate entity can register a company.

Many jurisdictions are considered only as tax havens. The UAE is a “real” country with a strong economy offering the benefits of a tax haven for real business entities. It has an established history of international trade, finance and international business. The UAE is one of the fast growing economies in the world despite the current global challenging economic climate. And Dubai in UAE won only last week the Expo 2020, a prestigious international achievement signifying its importance and legitimacy.
It is well known that pressure has been put on traditional low tax countries and tax havens by the Commission of the EU. The UK parliament has converted British Dependent Territories to British Overseas Territories in 1998. The UK government may apply greater control over its tax haven progeny i.e. Bermuda, BVI, Caymans, Turks & Caicos.

The UAE is not a dependent territory of any other country or a member of the Organization for Economic Cooperation and Development (OECD).

Important advantages RAK offshore offers include:

·          A white listed jurisdiction with the OECD and FATF
·          No agreements with any other country for exchange information
·          A stable economic and political environment
·          Availability of a simple and flexible legislative framework
·          Simple incorporation and filing procedure, no requirement to file annual accounts or returns
·          A stable and developed banking system
·          A developed infrastructure, excellent telecommunications and logistics ie ports and airports
.          Offers the possibility to redomicile a company including from other tax havens 

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