From 165c930d3765d06bd226b0ddcc075a63c6e6a4df Mon Sep 17 00:00:00 2001 From: BalticLegal Date: Wed, 13 Nov 2024 16:44:54 +0000 Subject: [PATCH] Add Home --- Home.md | 26 ++++++++++++++++++++++++++ 1 file changed, 26 insertions(+) create mode 100644 Home.md diff --git a/Home.md b/Home.md new file mode 100644 index 0000000..651b416 --- /dev/null +++ b/Home.md @@ -0,0 +1,26 @@ +Ras Al Khaimah (RAK) is an Emirate in the United Arab Emirates (UAE). There are only two types of offshore companies available in the UAE, one being Ras Al Khaimah Free Trade Zone (RAK FTZ) and the other being Jebel Ali Free Zone Authority (JAFZA) in Dubai. At first JAFZA company was used as a typical offshore, but since the introduction of the RAK FTZ, RAK has become the main place to establish an offshore company in the UAE. + +About companies in UAE +All [business must be conducted outside the United Arab Emirates](https://www.baltic-legal.com/offshores-company-uae-eng.htm) +Local office in the RAK of the UAE is not required +A non-RAK resident may be a director or shareholder +The company can hold a bank account anywhere in the world +Business related to banking or insurance must acquire a special license +Companies in RAK can be set up remotely +Tax system +RAK has double tax treaty with more than 30 countries +No tax regime for: +Deposits +Capital gain +Dividends +Interest +Corporate Income +Double tax treaty +United Arab Emirates have double tax treaty with Algeria, Armenia, Austria, Azerbaijan, Belarus, Belgium, Bosnia and Herzegovina, Bulgaria, Canada, China, Cyprus, Czech Republic, Egypt, Estonia, Finland, France, Georgia, Germany, India, Indonesia, Ireland, Italy, Kazakhstan, Latvia, Lebanon, Luxembourg, Malaysia, Malta, Mauritius, Morocco, Mozambique, Netherlands, New Zealand, Pakistan, Philippines, Poland, Portugal, Romania, Seychelles, Singapore, South Korea, Spain, Sri Lanka, Sudan, Switzerland, Syria, Tajikistan, Thailand, Tunisia, Turkey, Turkmenistan, Ukraine, Uzbekistan, Venezuela, Vietnam, Yemen. + +Company requirements +Original Bank Reference +C.V. +Proof of Residence +Notarised Passport Copies of all Shareholders +Minimum share capital of AED 2000 \ No newline at end of file