Benefits of RAK International Company

The RAK International Companies Regulations of RAK Free Trade Zone allows individuals and corporate bodies to register International Companies (Offshore) as a RAK International Company without the need to establish a physical presence in the UAE.

• 100% exemption from Income and Corporate Tax
• 100% capital and profit repatriation
• 100% ownership (No local sponsor)
• No Import or Export taxes
• No capital gains tax
• No Value-added tax
• No Withholding tax
• Ease of incorporation
• The availability of Double Taxation Avoidance Agreement (DTAA)
• Network of local and multinational banks
• State of the art telecommunication facilities
• Proximity to entire Gulf and global markets
• No physical office required in UAE
• Can have Bank (current) accounts with banks in UAE and overseas
• Corporate Shareholders permitted
• Can buy real estate in freehold projects all over UAE
• Not obliged to submit Audit reports
• Can be a shareholder in other companies in UAE and outside

RAKIC Companies can be used for:

• International Trading
• Consulting and Advisory Services
• Holding Company (Buy/Hold/Sell stakes of companies)
• Investments Company
• Owning Property
• International services
• Professional Services
• Commission Agents Company – Intermediary Brokers (IB's)

DTTA (Double Taxation Avoidance Agreements

UAE has Double Taxation Avoidance Agreements (DTAA) with a number of countries. Double taxation agreements prevent individuals and corporations from being susceptible to paying tax twice during the same time period. These agreements determine which of the two states concerned should levy tax in a particular situation. UAE has DTTA with Austria, Belarus, Belgium, Canada, China, Czech Rep., Egypt, Finland, France, Germany, India, Indonesia, Italy, Lebanon, Malaysia, Malta, Morocco, New Zealand, Pakistan, Poland, Romania, Singapore, Sudan, Thailand, Tunisia, Turkey, Ukraine.