Key Benefits - RAK | Interstatus - Group of Companies Key Benefits – RAK – Interstatus – Group of Companies

The advantages of UAE companies:

  • The jurisdiction enjoys a widely-acclaimed international image.
  • The strategic location with convenient access to all major world markets.
  • Highly advanced infrastructure and communication networks.
  • Flexible and business-friendly tax legislation.
  • The availability of bank accounts.
  • There are no exchange controls.
  • An incentive-based tax regime applied to all companies.
  • The use of nominees within the structure of the company.
  • There are no restrictions on the export of capital.
  • There is no information exchange with tax authorities of other countries.

Onshore companies operating in a FEZ also enjoy:

  • Company registration with 100% foreign shareholding.
  • Fully-fledged office and resident status.
  • Exemption from corporate taxation on most operations. There are no restrictions on repatriation of profits and capital.
  • The right to conduct business throughout the jurisdiction.
  • The availability of work permits for shareholders, directors and staff.
  • The use of Double Tax Treaties.
  • Recruitment of local staff with no taxation.

Offshore companies have the following benefits:

  • Company registration with 100% foreign shareholding.
  • No licensing requirements.
  • Exemption from all taxation.
  • Guaranteed repatriation of profits and capital.
  • The availability of bank accounts anywhere in the world including the UAE.
  • Shareholders may choose applicable laws.
  • There are no requirements for minimum capital or its payment.
  • The right to own property in the region.
  • Meetings of shareholders may be held in any part of the world.
  • Financial statements do not have to be submitted to the authorities and there are no auditing requirements.