Set up a Ras Al Khaimah (UAE) International Company
RAK IC is the most popular offshore company in UAE.
International companies are entitled to do business internationally and may not carry out trade or business within the UAE, or any free zone. Although they are allowed to have relationships with residents providing certain professional services such as legal or consulting, and they have access to the banking system and can open corporate bank accounts in the UAE.
RAK ICs are fully exempt from all taxes and only subject to a license fee, which must be renewed annually.
As they are considered non-residents for tax purposes, they cannot benefit from UAE tax treaties. However, they are usually authorized to own shares of FZ or local companies, or even establish a branch onshore.
One of the strengths of incorporating an offshore company in UAE is that, despite being a tax-free jurisdiction, it has prestigious internationally and good press, especially Dubai.
An international company in the UAE is a powerful instrument for international trade, asset protection, and wealth management.