United Arab Emirates

Bank reference letter – HSBC

Bank reference letter from HSBC Hong Kong. Past a few days, we were getting questions how the bank reference letter looks like. Here you are – this is an example of bank reference letter from HSBC. It normally takes 2 working days to proceed.  40 US$ is charged per letter and  3 US$ is charged per additional copy.

Bank reference letter - HSBC

Your Startupr

Nominee director – Singapore Hong Kong, BVI, Nevada and another jurisdiction

Do you need us to provide you with “Nominee director” once you incorporate your Ltd, LLC, IBC, Inc, Corp.? We provide “Nominee directorship” for all of our jurisdictions: BVI, Seychelles, Singapore, Nevada, Hong Kong, Luxembourg etc.

We do offer “Nominee director” service as well. Chose this service once you register your company.

Your Startupr

Why to open up a company in United Arab Emirates (UAE)

Why to open up a company in United Arab Emirates (UAE)

Due to the fact that the jurisdiction of RAK – Ras Al Khaimah has been promoted as the offshore location, there is not the stigma of typical offshore jurisdiction and not being black listed by the OCDE. This is the biggest advantage once you register company in UAE. The Emirates fall under the ZERO TAX jurisdiction and therefore has no issues of VAT, Corporation Tax.Tax on rental income, CGT Tax or IHT Tax.

 

100% repatriation of profits and capital is allowed
No withholding nor import or export taxes
No accounting or reporting requirements
No corporate taxes are charged
Advantage of RAK Free Trade zone

 

International Business Company – IBC in Ras Al Khaimah – RAK – bear in mind that company business needs to be operate outside of the jurisdiction. This is the main requirements if you want to trade in United Arab Emirates, you should consider to open up a company in BVI. (e.g.)

 

 

Offshore bank account requirements

 

We do work with Barclays in Dubai. This is our standard bank which we offer to our clients. If you wish to open up a bank account with HSBC, Standard Chartered or chose your own bank. The most important matter to look at is to be sure whether the bank requires the minimum initial deposit. For Barclays in Dubai, it’s zero.

 

Register company in United Arab Emirate

Register company in United Arab Emirate

Ras Al Kaimah (RAK) is one of the emirat of UAE representing the offshore jurisdiction. RAK  authoity provides International Business Company (IBC) concept from January 2007. Nowadays, it’s the youngest offshore jurisdiction since IBC was founded. Due to this fact, RAK is regarded as one of the top offshore jurisdiction in term of

 

Why to incorporate in UAE?
- even that RAK is regarded as offshore jurisdiction, this emirates has been modified to secure a local development. On the other hand, typical offshore jurisdiction as Seychelles or BVI have only a tax benefits for that reason many companies have been registered since 2007.
- UAE – RAK has been regarded as country/emirates with special status which is recognized as a white-listed jurisdiction
- RAK has currently signed 52 agreements securing the double tax treaties. Here you can find the full list of double taxation treaties.

 

What are the advantages?
- exemption from all corporate and income taxes
- no restriction on money exchange
- the cost of setting up a company is lower than an onshore company
- the offshore company can act as holding
- zero corruption and minimum bureaucracy
- strategic location for Middle East & Asian region

Register company in United Arab Emirates with Startupr.

What is RAK – offshore company?

Why to open up a company in United Arab Emirates (UAE)

United Arab Emirates has decided to support the RAK – Ras Al Khaimah -  emirate as a industrial center by introducing many business advantages and tax reliefs. UAE government has launched on offshore facility with an expectation to attract more investors looking for tax haven. Companies seeking for International Business Company in RAK Free Trade Zone don’t have to establish a physical presence. IBS in RAK is the cheapest offshore solution in middle east with the best location situated between Qatar, Saudi Arabia and Oman. An interesting option for those who concern about the tax haven stigma applying for many tax haven jurisdictions by OECD.
 

Advantages of a UAE Offshore Company:

100% repatriation of profits and capital is allowed

No withholding nor import or export taxes

No accounting or reporting requirements

No corporate taxes are charged

Advantage of RAK Free Trade zone

 

Start your own company in offshore emirates RAK of the United Arab Emirates.

Start your business in United Arab Emirates (UAE) – Ras Al Khaimah (RAK)

 

Startupr will work with you to handle your RAK Free Zone company formation from start to finish. Download our form and send to us tomas[at]startupr.com.