Why Ras Al Khaimah is the Best Jurisdiction for Your Offshore Company

RAS AL KHAIMAH, UAE - Nov. 16, 2023 - PRLog -- Business Setup Worldwide is a leading company formation consultancy providing services all over the world. We have successfully implemented thousands of offshore business registrations in a simplified manner without any hassle.

For quite some time now, the entrepreneurs have been keen on starting their business in RAK (Ras-Al-Khaimah), UAE. It is the sixth largest city in the UAE after Dubai. RAK is a popular offshore destination in the UAE among business investors for so many reasons.

The tax policies in the emirate are highly advantageous for business investors. There is no withholding tax, corporate or income tax. There is no need to file any annual reporting for tax; audit filing is not mandatory for RAK offshore company registration.

People prefer to go offshore in order to maintain their business confidentiality and privacy. RAK fits this situation perfectly. The name and all the other details of the company director, shareholders and beneficiaries are not disclosed for the RAK offshore company setup.

RAK is a lucrative option for entrepreneurs looking to expand their reach and take advantage of tax benefits and other advantages. For more information about Business Setup Worldwide offshore business consultancy services, visit their website at https://www.businesssetup.com/