Doing Business in the UAE
The United Arab Emirates are an attractive hub for investors: The country has one of the most liberal trade regimes in the Gulf region, a well-established infrastructure and a strong banking system, as well as a stable political system. The economic diversification in trade, logistics, banking, tourism, real estate and manufacturing, additionally builds the basis for a high-potential business environment. The favorable tax environment is one of the main reasons why investors choose to do business in the United Arab Emirates and why they decide on a UAE company registration.
The UAE has an open economy, with a high per-capita income (PPP) of almost 47’500 US-Dollars and a considerable annual trade surplus. The country has successfully diversified the economy and has reduced the portion of GDP based on oil and gas output to 25 percent. By progressively diversifying its economy, the UAE has minimized its vulnerability to oil price movements, although oil prices are expected to remain high.
UAE Company Registration / RAK Offshore Company
The Free Trade Zones in the United Arab Emirates, such as the Ras Al Khaimah Free Trade Zone, are helping to attract foreign investors by offering 100 percent ownership and zero taxes. In recent years, the country has also successfully emerged as an offshore jurisdiction. Within the UAE, the Emirate Ras Al Khaimah is among the most favorable offshore locations for UAE company registration.
Ras Al Khaimah is one of the most attractive offshore centers in the UAE, as the establishment fees are significantly lower than Dubai or Fujairah, despite offering the same advantages and benefits of the United Arab Emirates, which grants full exemption from all corporate and income taxes. While Jebel Ali (Dubai) requires a minimum of two shareholders and their physical presence is required in Dubai to arrange the offshore formation, a RAK offshore company requires only one shareholder, who is not required to be there in person.
About Ras Al Khaimah:
Ras Al Khaimah is part of the United Arab Emirates, a constitutional federation of seven Emirates located along the south eastern tip of the Arabian Peninsula. The governing corporate legislation is the RAK Investment Authority. Its infrastructure is of the highest standards, with access to more than 170 shipping lines and approximately 86 airlines connecting to over 100 cities worldwide.