Someone, who is desperate to set up offshore units, will certainly have a job in his/her hands. One of the key reasons to move offshore is always to exploit the tax leniency laws of a particular country. However, other than that, it is also essential to find a place, where the authorities are willing to lay out the red carpet for investors. Hence, it is certainly a tough choice and perhaps speaking to people, who have set up ventures offshore, is the best alternative. They will certainly be able to offer a better guide. Most people who have set up offshore units in search of tax havens speak highly of UAE as an offshore destination. Investors who have set up ventures within the emirates have plenty of positives to say. The tax-free incentives are certainly on offer, but one also enjoys the market, which the rich hinterland of UAE has to offer. The icing on the cake is the presence of a RAK free trade zone in the region.
Ras- Al- Khaimah also called RAK is one of the seven emirates of UAE. One can certainly set up ventures within confines of its Freezone. It is a tax-free zone in RAK. There may be other tax-free zones, but this one is special. It is perhaps one of rare tax-free zones, where one gets to enjoy complete ownership of his/her venture. The easy setting up and dismantling process of companies in the zone should encourage offshore investors to come here. Other than the RAK region, one can even look at Dubai company formation. The emirate of Dubai has always been major tax-free zone. In fact, the emirate is home to plenty of Persian traders, who have come here long ago in search of tax incentives. Now, someone who is insisting on an UAE company formation will have to take professional help. The focus will be to register the company quickly and it is only a top corporate service provider, who will be able to help out.
