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RAKEZ, UAE
Ras Al Khaimah Economic Zone, set within the United Arab Emirates, has rolled out an “innovative midshore” structure enabling investors to re-domicile or incorporate a new company through one of RAKEZ’s authorised corporate service providers.

The RAKEZ Global Product – to give its full name – blends offshore and free zone company set-up benefits into one offering. Features include remote company set-up with e-documents and no physical presence required; domicile migration from within the UAE or globally; and facilities options such as co-working spaces, offices, warehouses and land for development. 

The zone’s users pay no corporate tax and have the UAE’s 100-plus number of double taxation treaties. They are also eligible to seek residence visas and corporate bank accounts in the country.

“With RGP as our latest addition to our company set-up structures, investors can easily expand their investment horizons with the help of our trusted CSPs while enjoying a selection of combined benefits from offshore and free zone settings. It’s the best of both worlds in one product,” Ramy Jallad, group CEO of RAKEZ, said. “Being based in the UAE, investors who set up RGP are ensured of a tax-free haven with no restrictions on capital repatriation.”

RGP set-up starts from AED10,535 with two visa eligibility, the organisation added.