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RAK offshore and freezone companies to hold seminar

United Arab Emirates: Tuesday, September 22 - 2009 @ 15:49

The Emirate of Ras Al Khaimah (RAK), United Arab Emirates (UAE), is the fourth largest Emirate of the UAE.

It will be hosting in RAK – Al Hamra the 33rd America’s Cup in February 2010 and is where the EPFL Lausanne will open its first international campus outside of Switzerland in 2011.

Ras Al Khaimah offers investors one of the best regulatory environments in a very stable political
and economic country. Free Zones and Offshore companies offer international investors full ownership of their business, in addition to availing of tax and duty exemptions.

Other key benefits include 100% capital and profit repatriation; easy availability of labour with a liberal labour law, easy licensing procedures, excellent port facilities, with no foreign exchange controls, trade barriers or quotas.

Moreover, the UAE has signed Double Taxation Avoidance Agreements with a number of countries.
The seminar is addressed to professional bankers, fiduciaries, tax advisors, business lawyers,
asset and trust managers, as well as family offices. It will provide a vital and timely update on the global economic situation of the United Arab Emirates and of doing business in the country in the current climate.

Mr. Peter Schuster, General Manager of RAK Offshore, part of the RAK Investment Authority (RAKIA), the Government Body responsible for reinforcing the investment climate in the Emirate and to promote its various economic sectors, will present the different business solutions in a tax free climate.

Mr. Shahab Izadpanah, CEO of RAK Company Administration FZ LLC (RAKCA) stresses that “Following the successful seminar in Geneva in April 2009 and the recent opening of the European Head Office in Geneva, we wish to further develop and deepen ties with Switzerland and Swiss based financial actors.

RAKCA is offering a full range of Corporate Services, such as incorporation, administration and the management of Offshore & Onshore companies in the UAE. Furthermore, we are opening one of the largest Business Centres in RAK next month. We are pleased that RAK – Al Hamra is host to the 33rd America’s Cup in February 2010. “

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Tuesday, September 22- 2009 @ 15:49 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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