The UAE Offshore - business hub of the future offshore company incorporation

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) September 12, 2009 -- 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.


:: Why choose The Emirates?
There is a very significant difference between the ‘safe haven’ of The Emirates and other worldwide ‘tax shelters.’ The Emirates and other GCC countries of The Middle East are ‘tax free’ jurisdictions by nature and NOT by design.
So what does this mean?
The Emirates, in its very nature, has always been a ‘tax free’ country; A jurisdiction that has NO TAX.
NO corporation taxes.
NO capital gains taxes.
NO VAT.
NO personal taxes.
NO death duty taxes.

In short; it is, and has always been, a country WITHOUT tax!!


:: So what is the difference?
Other jurisdictions around the globe have become ‘tax havens’ by design.

Over the years governments have allowed various locations within their sovereignty to offer ‘tax havens,’ as a form of ‘shelter,’ therefore offering a facility for wealthy individuals or corporate clients to ‘move’ their finances away from tax authorities. An army of pin striped, suited lawyers or city accountants would work to protect their clients from the payment of taxes, by moving their interests to ‘tax havens,’ designed for this purpose.

Choose your NEW jurisdiction with care...

Always be mindful when choosing your new ‘tax haven,’ as many jurisdictions have now been ‘redesigned’ and do not offer the security that they once provided.

Author: FirstOffshore L.L.C, the number one offshore company formation firm in United Arab Emirates. Tel : 00 971 4 430 4463, Fax : 00 971 4 430 1548, Mob: 00 971 50 8736196. Web site: www.firstoffshore.com.

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