RAK Offshore showcased its complete line of products and services for non-residents and international corporate organisations during its participation in Cityscape Dubai 2008, which was held at Dubai International Exhibition Centre in early October.

RAK Offshore’s Cityscape participation was in collaboration with one of its agents, RAK Company Administration, and the two organisations conducted a joint exhibition on stand ZE 73 of Cityscape Dubai 2008.
RAK Offshore has been established by the Ras Al Khaimah Investment Authority (Rakia), the government body responsible for the socioe-conomic growth of the emirate, to address the region’s growing demand for offshore markets, while at the same time boosting the emirate’s ongoing economic diversification programme. Within just 14 months of operation as an alternate offshore location in the Middle East, RAK Offshore has expanded its client portfolio to over 1,900 international business companies (IBCs) providing specialised services such as asset protection schemes and real estate holding.
Peter-Micheal Schuster, general manager, RAK Offshore, commented: “Real estate and property investments are among the principal businesses of several international firms registered with RAK Offshore, making it a natural course for us to intensify our exposure in related industry events such as Cityscape Dubai.”
Schuster said the offshore business model was gaining solid ground in the region particularly in Ras Al Khaimah, which had created a splendid mix of infrastructure projects and new policies to provide the best environment for offshore companies. “Cityscape Dubai will be an excellent venue to educate the public about the huge economic advantages and practicability of the RAK Offshore facility.”
RAK Offshore has been developed to provide a straightforward and cost-effective business platform for non-residents and international companies looking to take advantage of the ongoing economic boom in the Middle East, a company spokesman said. “A key feature of RAK Offshore is that it offers complete privacy and confidentiality; owners of IBCs are kept confidential under law, ensuring a highly conducive business environment for both individual and corporate investors.”
RAK Offshore’s portfolio includes a wide range of financial and non-financial services. Under its non-financial portfolio, RAK Offshore facilitates the establishment of IBCs whose activities include international trading, asset protection, tax planning and real estate holding. RAK Offshore also supports a wide selection of outsourcing companies, and offers several marine-related services, including an open registration facility for vessels and yachts from anywhere in the world.