News Archive 2016 | Page 5 of 8

In recent years, structural changes have occurred in the Emirate of Ras Al Khaimah's corporate system, affecting the registration framework for international commercial and offshore companies. Previously, two separate registries operated in the emirate: RAK IBC international business companies, registered through the RAK FTZ free zone authority; RAK Offshore companies, registered through the RAKIA investment authority...

Nowadays, there are numerous ways of improving the effectivity of the already existing company. One can relocate company to another jurisdiction, replace its registered representative office or change the location of its head office...

The jurisdiction of the Emirate of Dubai is getting more and more popular for international business. The favourable tax climate and comfortable conditions for living attract potential investors from all over the world...

There are countries in the world (in fact, its number is extremely small) that provide tax benefits for wealthy individuals. Once reaching some certain standards of living, you will probably start thinking about how to minimize the tax burden of your revenues...

When answering the questions on what is the most popular offshore jurisdiction we need to first define some certain evaluation criteria. If we would proceed with the assessment from the point of the beforehand most commonly used companies, these would be such well known jurisdictions as Belize, Seychelles, Panama and BVI...