Licensed Corporate Service Provider
Where a multi jurisdiction solution is needed, or if a RAK company is not suitable, we are also able to offer clients international company formation and bank introduction services in a number of offshore jurisdictions.
Apart from RAK IC and RAK Free Zone companies we also offer other jurisdictions. Our sister website International-
Visit our sister site International formations where we offer a range of offshore jurisdictions, IBC Packages including a choice of International Business Company (IBC), a business address together with a corporate bank account.
Other members of our TMS Group are able to offer various ancillary services e.g. virtual offices (see below) and pre-
We aim to be a one-
are available in a number of countries (London, Switzerland, Malaysia, Singapore and Hong Kong). All of these offer different advantages and are used in different ways -
Malaysia, due to its almost unique system of territorial taxation of only taxing income remitted to the country may be used as a full sales office, eg invoicing clients for, say a Hong Kong company with its banking facilities in Singapore. In most cases, no tax would be due in any of the three territories.
By way of explanation, The Hong Kong Company would be generating its income (and receiving it) outside the territory and thus NOT liable to HK profits tax. Singapore would simply host the bank account and no business would be carried out from or within Singapore and therefore would be totally outside the scope of Singapore taxation. Malaysia, although the centre of management and control would see no funds remitted to the country and thus would NOT be liable to Malaysian taxes.