Since the inception of offshore company formations in early 2003, the UAE has rapidly emerged as the business hub of choice in the Middle East region and is proving itself to be well placed to being one of the most dynamic and fastest growing business and International Financial Centers worldwide.
Given the UAE’s continued stance on ZERO tax’s and duty exemptions, there is little wonder why more and more individuals and International Companies are now choosing the Emirates as, not only their business head quarters, but also in many cases their primary choice of residence too.
In early 2003, Jebel Ali Free Zone Authority (JAFZA,) Dubai’s foreign ownership Free Trade Zone, became the first location in the UAE to provide offshore company formations. In February 2007 Ras Al Khaimah Investment Authority (RAKIA,) located in the most Northerly region of the Emirates, expanded their already thriving Free Zone to include offshore business formations, often known as International Business Companies (IBC’s.) Due to the excellent operational service methods adapted by RAKOFFSHORE, the offshore incorporation division of RAKIA, coupled with the clear documentation process and lower incorporation fees, RAKOFFSHORE has stepped into the driving seat of offshore formation within the UAE.
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