Dubai/RAK Offshore Company
Brief Overview;
A Dubai Offshore Company is preferred because of stable economy, tax exemption, excellent banking facilities, and favorable regulatory framework of the United Arab Emirates (UAE)
Key features;
Ras Al Khaimah (RAK) Company
- RAK company requires only 1 shareholder
- No personal attendance required for the formation
- Significantly lower formation fees
- Exempted from all corporate and income tax (including VAT)
Dubai Offshore Company
- Dubai requires a minimum of two shareholders
- The shareholders’ physical presence is required in Dubai for the formation
- Auditing is essential for a Dubai offshore company
- Exempted from all corporate and income tax (including VAT)