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DIFC Wills and Probate Registry extended to RAK

Asset Protection in RAK to Boost RAK Company Formations

January, 2017

Non-Muslim investors and residents of Ras Al Khaimah (RAK) can now decide who inherits their assets as new legal measures for enforcing wills have been agreed.

This welcome news will result in more people wanting to relocate to the emirate of Ras Al Khaimah as they will want to take advantage of this benefit while at the same time enjoy business opportunities and the unmatched, heavenly lifestyle advantages that RAK has to offer.

An increase in people relocating to RAK will mean that there will be an increase in investors and entrepreneurs wanting to set up their companies there.

Here’s How to Start the Setup of Your RAK Company – Contact Us

The new legal measures mean that executors will be able to distribute assets to beneficiaries and plan wisely for the future……. something that RAK non-Muslim residents were unable to do up to now.

Plan Your Future Wisely while Enjoying the UAE’s Unmatched Lifestyle Advantages – Click Here

The Good News About RAK Company Formation

Ras Al Khaimah is an ideal location to set up a company.

Click Here to Read the Advantages of Setting up a Company in RAK

Setting up in RAK means you get to enjoy all the advantages listed below:

  • 0% income and personal tax
  • 0% corporate tax
  • 100% foreign ownership for companies in free zones
  • 100% repatriation of profits and capital
  • 0% foreign exchange controls
  • 0% barriers to trade or quotas
  • Liberal labour laws
  • No hiring restrictions
  • Excellent strategic geographical location connecting East and West with  access to the Middle East, India, Africa and CIS countries
  • Connected to airports and seaports
  • World-class infrastructure, telecommunications systems and utilities
  • Strong Government support provided to businesses
  • One-stop shop for all licenses
  • Straight-forward clearance for licenses and consents
  • Low rentals
  • Low cost of living, great lifestyle and unique environment
  • One of the fastest growing emirates

How FBS Kotsomitis can Help with Your RAK Company Formation

Focus Business Services (FBS) Kotsomitis is one of the leading company formation and corporate services providers in the region.  The FBS Group is an international Group with offices in Dubai (Head Office), Ras Al Khaimah, Cyprus, Malta, Greece and the Seychelles.

We are fully licensed and experienced UAE company formation corporate service providers.  We have years of hands-on experience and we can help you with your UAE company setup.  Once you have set up your company we can support you with the smooth running of your business and advise you on UAE asset protection.

Our UAE professional services team provides a wide range of professional services and solutions to investors and entrepreneurs who wish to set up a company in the UAE quickly and efficiently – Contact Us

We are Experts in Setting up Companies in Dubai, RAK or other  Emirates – Contact Us

RAK Company Formation in 5 Steps

We can handle your RAK company formation at a RAK Free Zone or any other Free Zone in Dubai or the UAE with our five simple steps that are outlined below:

  1. Contact Us and speak with one of our experienced RAK company formation and corporate services providers who will guide you through the whole process of RAK company formation.  We will explain what specific documents we require from you.
  2. Choose the type of company that matches your specific business needs. We provide Offshore Companies, Free Zone Companies, Local LLC Companies, Branches, Representative offices, Professional Services Licenses. Click Here for our Competitive Prices
  3. Get going with your RAK company formation. We acquire and process all the relevant documents and we complete and submit the applications for your RAK Company Formation, together with Licensing and issuing of Residence Visas.  We handle the medical tests, we assist you in planning your visits to the UAE and we lead the work until completion.
  4. Select, visit a bank and open company and personal bank accounts.  We arrange bank introductions for you and the opening of your personal and corporate bank accounts.
  5. Kick Off operations of your New RAK Company and run your business with our support.  After your RAK company formation, we are happy to handle a host of professional services to ensure the successful operation of your business.

Let us Show You How…Click Here to Email Us!

Click Here to Read Why You Should Set Up Your Company in the UAE

The DIFC Wills and Probate Registry

The DIFC Wills and Probate Registry is an initiative of the government of Dubai which has now been extended to the emirate of RAK.  The Registry provides services to non-Muslims.

The new Asset Protection agreements enable non-Muslim people to pass on their assets and / or appoint guardians for their descendants, in line with the instructions in their will thus protecting their assets and families.

The Wills and Probate Registry allows non-Muslims to decide what happens to their assets in a confidential, secure and straightforward procedure, thus enabling non-Muslim people to plan for the future.  Previously without a DIFC will, the distribution of assets to family members of a deceased was determined by UAE federal laws.

Wills must have been registered at the DIFC Wills and Probate Registry and, moreover, validation must have been granted by the DIFC Courts.

The new Asset Protection agreements were signed by the Government of RAK’s Municipality Department, the Department of Economic Development, the Ras Al Khaimah Investment Authority (RAKIA) and the Dubai DIFC Dispute Resolution Authority (DRA).

Click Here Start the Setup of Your RAK Company

Prices and Start-Up Packages:Fees for the First Year and Subsequent Years
RAK ICC Offshore Company Registration for $1025Company Formation Fees and Annual Fees
Dubai or RAK Free Zone Company Formation for $3100Incorporation Fees and Annual Running Fees
UAE VAT, Tax, Accounting and Other FeesFees for Other Services
Click Here For 5 Steps Dubai, RAK And UAE Company FormationEmail us Now to Get Quotation
 

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