Carlo Scevola & Partners:Leadership of Ras Al Khaimah

Online, March 25, 2011 (Newswire.com) - Are you planning a business? Maybe you wish to reorganize an activity for international tax planning and optimization purposes? Every entrepreneur continuously thinks about profit maximization, and a correct corporate structuring is the first step towards reaching this goal. What about asset protection? Would not it be advantageous to defend your wealth against direct and indirect threats? It will make you feel safe and confident leaving unnecessary concerns apart.

From the first eye view, it may seem that it is possible to establish an offshore company in many different offshore jurisdictions just for any purpose you may have in mind. However, there are nuances characteristic of each country, which need to be evaluated in the context of your specific objectives. Before deciding where to incorporate an offshore company it is highly recommended to evaluate the following aspects:

• Set-up and operation costs;
• International reputation of the jurisdiction;
• Geographical location of the selected country;
• Infrastructure and connection to other countries;
• Possibility of 100% foreign ownership;
• International tax planning
• 0% corporate and other types of taxes;
• 0% personal income tax;
• Opportunity to establish a warehouse and labor accommodation;
• Freedom to employ foreign work force;
• Life quality and costs of living;
• Business friendly environment and responsiveness of local authorities.

Ras Al Khaimah, a part of the UAE, was elected as the "Most Attractive Destination in the Middle East" in 2009 by Financial Times, and kept this position through 2010. It is regulated by RAK Investment Authority, yet providing a flexible and investor-friendly environment.

Classical offshore jurisdictions may not always suit your business goals. An offshore company registered in Ras Al Khaimah ensures a good reputation at the international level, opening up more opportunities for the development of your business relations with clients and partners. And last but not least, establishing your business in Ras Al Khaimah ensures the highest level of confidentiality.

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For more information about this or other fiduciary services, please, do not hesitate to contact Gionata Lupi at [email protected] and Irina Baranova at [email protected]