Recent content by AK UAE

I just mean if you know what information they (RAK ICC) exactly need? I just want check also if my agent really did it right...

Ah o.k. I hope my agent did all right since he told me there is no more to do from my side and all the important things he did. Do you have maybe a link what informations they need?

Hi Rowena, I think the best is to contact your agent. In my case my agent did all the imortant things!

Hi Crest, yes right. my agent did this for me and my company. But as I wrote before, the question will be how long I don`t need to show economic substance or other said if maybe in the future also Marketing will be a part of "in-scope activities".

Hi qugo, thank you so much! So yes, you're right, but the question is how long "marketing" will not be one of the relevant activities. That's just what worries me, that you don't know if the rules will be stricter in the future and you don't know how long you can use the RAK ICC company (without...

Crest is right. Also, RAK ICC companies have to show economic substance, but only the one mentioned with "relevant activities" like Banking, Insurance, Investment Fund management, Lease, Headquarters, Shipping, Holding, Intellectual Property, Distribution and Service Centre Businessesbanking...

I thought it depends ALSO on the foreign tax law and if the country you reside has CFC rules or not? Wikipedia writes: „Controlled foreign corporation (CFC) rules are features of an income tax system designed to limit artificial deferral of tax by using offshore low taxed entities. The rules...

But that would mean that all recommendations of websites on the internet (Websites with the topic of saving taxes - of which there are many by now) to save taxes by founding an offshore company and living in countries where a territorial tax system exists does not work. Since then the tax...

Hi Funk, thank you very much for your message. I think you are well experienced. Since I think others are in a similar situation as I am (living in the same country as me and may be earning money online and maybe also with a company like an offshore company as I using), it would be helpful if...

Hello dear forum users, FYI: I have a RAK ICC limited company (Offshore) by shares in the UAE and also my company bank account is in Dubai, but I live privately in Asia in a country where income tax only applies if the source of income is in the country, but if the income comes from sources...

P.s. With offshore UAE companies you are not allowed to do business within the UAE.

That is exactly the topic here: Bank accounts for OFFSHORE UAE Companies!!! NOT bank accounts for Onshore UAE Companies. To get an company bank account for OFFSHORE UAE companies is really not easy. Only a handful or less banks in UAE offering bank accounts for UAE Offshore Companies (but is...

Hi K12AN. You wrote you have an UAE based IBC and use LeuPay. I tried to create an business account there, but UAE is not showing up? May be they changed something? Thanks!