Expanding and shifting your business activity through a UAE Offshore Company set up. The International Business Companies (IBC) Registry allows foreign investors to register offshore companies as RAK Offshore, a division of RAK Investment Authority (RAKIA) without the need to establish a physical presence in the UAE. Companies are usually incorporated within 24 hours. Any non-resident individual or corporate entity can register a company. Many jurisdictions are considered only as tax havens. The United Arab Emirates is a 'real' country with a 'real economy' with a population of approximately more than 4 million. It has an established history of international trade, finance and business, and today it is one of the fastest growing countries in the world with one of the highest standards of living. The choice of a suitable jurisdiction is an important decision and requires careful considerations. Important aspects to be examined and which RAK offers may be outlined as follows: Political and economic stability of the jurisdiction • The availability of a modern and flexible legislative framework • Simple incorporation and filing requirements • The availability of Double Taxation Avoidance Agreement (DTAA) • State of the art banking system • State of the art telecommunication facilities Uniqueness UAE is not a dependent or 'overseas' territory of another
