ABOUT US

Quick Answers


» What is OCRA Arabia?
» What does OCRA Arabia do?
» Who are your key staff?
» Why should I trust you with my money and affairs?
» What is your approach to due diligence?
» Are your services confidential?
» Who are your clients and what do they use their offshore companies for?
» What sort of companies do you set up?
» How much do companies cost to administer?
» Can you set up Offshore Corporate Bank Accounts?
» How much does it cost to set up Offshore Corporate Bank Accounts?
» How long does it take to set up a Mauritius GBCII Company or an Offshore Company with an offshore bank account?
» How do I set up an International Company or Global Business Company with a Category 1 License and Offshore bank account?
» Can you set up companies in other jurisdictions?
» What proof of identity must clients provide you with?
» What are Mauritius GBCI Companies?
» How can you help us set up and administer a Mauritius GBCI Company?
» What does it cost to administer a Mauritius GBCI Company?



What is OCRA Arabia?

OCRA Arabia, established in 2010, which is a leading international corporate and trust services provider with 20 offices and more than 350 staff around the world.

OCRA Arabia is a secure and established provider of company formation and management services.

Our contact details follow:

Tel : + 230 217 5100
Fax : + 230 217 6300
Email: : ocra@ocra.ae
Web: : www.ocra.ae

UAE time is GMT +4.

What does OCRA Arabia do?

OCRA Arabia assists its clients form and administer:
We provide our clients with introductions to offshore banks in UAE, Mauritius, Seychelles, Luxembourg, Switzerland and elsewhere.

Our professional staff provide our clients with specialist advice relating to the utilisation of Mauritius GBCI companies for double tax treaty planning.

Who are your key staff?

 Local Staff  Languages  Email
 Dharmesh Naik
 Managing Director
 English, French, Hindi,
 Gujarati & Creole
 dnaik@ocra.ae
 Amar Bheenick
 Director
 English, French & Creole  amar@ocra.ae
 Kristel Lee
 Corporate Administratorr
 English, French &  Creole  kristel@ocra.ae

Why should I trust you with my money and affairs?
  • Size and experience matters - OCRA Arabia FZC is a member of OCRA Worldwide, which has been in business for over 35 years, has 20 offices and employs more than 300 staffs globally.
  • OCRA Worldwide's internal procedure manual is rigorously applied and OCRA Arabia FZC's office is subject to internal audit by OCRA Worldwide's compliance team.
  • OCRA Arabia FZC's licence is issued by the RAK Free Zone Authority.
  • The UAE is one of the wealthiest countries in the world with a GDP of US $103 billion (2004). Dubai’s economy grew by approximately 16% in 2005 and is acknowledged as one of the fastest growing economies in the world. The UAE has the third largest proven oil reserves, however RAK has broadened its economic activity to include an industrial platform, real estate, trade and manufacturing. In addition Tourism is increasing rapidly with approximately 10 million tourists expected in 2007.
  • The emirate of Ras Al Khaimah is strategically located between Africa and the Middle East and between the Far East and Europe, making it a gateway to over 1.5 billion consumers located in countries surrounding the Red Sea and the Gulf. Its infrastructure is of the highest standards with access to more than 170 shipping lines and approximately 86 airlines connecting to over 100 cities worldwide. The strong shipping and transportation sector is composed of most of the leading regional and international freight forwarders, insurers and shipping agents.

What is your approach to due diligence?

In the sensitive and exacting relationship between professional advisers and the suppliers of international tax planning and offshore services confidentiality is of paramount importance.

Since our clients are dealing with experienced professionals, we respect that they need to have the confidence of knowing that their affairs will be handled with the utmost discretion.

Mindful of the international regulations on the prevention of drug trafficking and money laundering OCRA Arabia FZC balances thorough due diligence of all our corporate clients with a commercial appreciation of the practicalities of international business.

Whilst we respect and honour the confidentiality of our corporate clients, we are committed to undertaking a full and thorough due diligence of both our clients' identities and the nature of their businesses. To this end, we need to be fully appraised of both the rationale behind the establishment of the corporate structure and its modus operandi. This formal approach to due diligence benefits both OCRA Arabia FZC and our client base.

Are your services confidential?

OCRA Arabia FZC will not divulge any information concerning its clients without their prior written consent.

However, OCRA reserves the right to treat this obligation of confidentiality as not applicable when and to the extent that OCRA Arabia FZC is obliged by law to divulge information or when OCRA Arabia FZC has been unable to obtain instructions from its clients and it appears to OCRA Arabia FZC to be in the best interests of its clients or their companies to provide information.

Who are your clients and what do they use their offshore companies for?

We look after the affairs of more than 1,000 client companies, they are used for a wide variety of purposes, roughly 1/3rd for trading, 1/3rd for holding investments and 1/3rd are personal service companies.

What sort of companies do you set up?

OCRA Arabia FZC assists its clients form and administer:
Key Information:
  • Mauritius GBCII Companies are tax exempt, flexible business entities that are regularly utilised for international trade, investment and consultancy.
  • Mauritius GBCI Companies are resident in Mauritius and consequently subject to tax. However, they benefit from both tax credits and a longstop tax rate of 3%. Correctly structured and managed Mauritius GBCI companies may access Mauritius' network of 33 tax treaties. Neither capital gains nor withholding taxes are levied. Consequently, Mauritius GBCI companies are used by tax practitioners and businesses to structure investments into Mauritius' treaty partners, which include China, India, Luxembourg and Thailand.
  • Seychelles, British Virgin Island, Belize and Anguilla International Companies are Offshore Companies which are not taxed in their country of incorporation.
  • The United States LLC is not a partnership or a corporation. It is a distinct business entity that offers an alternative to partnerships and corporations by combining the corporate advantages of limited liability with the partnership advantage of pass-through taxation. US LLCs with non-resident members and which conduct no business in the US and which have no US-source income are not subject to US federal income tax and are not required to file a US income tax return. US LLCs are popular vehicles for conducting international business.

How much do companies cost to administer?

From about USD 1,500 per annum (excluding professional directors and nominee shareholders).


Can you set up Offshore Corporate Bank Accounts?

Yes, we set up corporate bank accounts for our worldwide clientele.

How much does it cost to set up Offshore Corporate Bank Accounts?

The minimum charge is USD 1000.

How long does it take to set up a Mauritius GBCII Company or an Offshore Company with an offshore bank account?

Upon receiving all required documents/information from clients and our fees, we can usually set up a Mauritius GBCII Company or an Offshore Company within 2 or 3 working days.

Provided we have been paid and we have all the information we require from clients, we can set up a Mauritius GBCII Company or an Offshore Company within 2 or 3 working days.

Providing we have all the required documentation we can open a bank account in Mauritius within 48 hours. Bank accounts in Europe may take as long as three weeks. However, if an account in Europe is required more rapidly this can be achieved with added cost.

How do I set up an International Company or Global Business Company with a Category 1 License and Offshore bank account?

The OCRA Arabia FZC Application Form must be completed, signed and sent by courier to us together with all required documents. With regards to opening of a corporate bank account, the appropriate documents must be sent in original.

Can you set up companies in other jurisdictions?

Yes, we regularly set up companies in the Seychelles, British Virgin Islands, Belize, Anguilla and the USA. We also have access to any of the jurisdictions that OCRA Worldwide supplies.

What proof of identity must clients provide you with?

To establish the identity and signature of all parties mentioned in our Application Form clients must provide a copy of one of the following, for each party:
  • Current Valid Full Passport
  • Current Valid National ID Card
  • Current Valid Full Driving Licence
Such copy must bear a photograph, a signature and the number and must be certified by:
  • An officer from an OCRA Worldwide office
  • A notary public
  • A senior authorised officer of a reputable and recognised bank
The document you send to us must bear the ORIGINAL signature of the person certifying the identity document; it must not be a copy.

To validate the home address of all parties mentioned in our Application Form, provide one of the following, for each party:
  • Original recent (not older than three months) bank statement from a recognised bank or an original and recent (not older than three months) credit card statement showing the residential address.
  • Original bank reference from a senior authorised officer of a reputable and recognised bank verifying the residential address. This may be addressed "to whom it may concern".
  • Original recent (not older than three months) utility bill (telephone, electricity etc.) showing the residential address.
The Proof of Identity and the Proof of Residential address may be faxed to us however the originals must be sent to us by courier or mail and your company documents will not be despatched until they are received.


What are Mauritius GBCI Companies?

This type of company is used by tax professionals and large corporations.

Mauritius GBCI Companies are resident in Mauritius and consequently subject to tax. However, they benefit from both tax credits and a longstop tax rate of 3%. Correctly structured and managed Mauritius GBCI companies may access Mauritius' network of 33 tax treaties. Neither capital gains nor withholding taxes are levied. Consequently, Mauritius GBCI companies are used by tax practitioners and businesses to structure investments into Mauritius' treaty partners, which include China, India, Indonesia, Luxembourg and Thailand.

Mauritius GBCI Companies are governed by The Companies Act 2001 and regulated by the Mauritius Financial Services Commission under the Financial Services Act 2007. They are subject to compliance and reporting regimes similar to those of Hong Kong or UK companies.

All companies seeking to benefit from this status are granted licenses on a case by case basis by the regulatory authorities in Mauritius. This procedure demands the submission of a detailed business plan and disclosure of beneficial ownership.

Normally it takes about three weeks to set up a Mauritius GBCI Company.

How can you help us set up and administer a Mauritius GBCI Company?

We will incorporate the company, administer it, arrange accounting and audit services, provide local management and assist clients in obtaining a licence from the regulatory authorities in Mauritius.

What does it cost to administer a Mauritius GBCI Company?

From about USD 6,000 per annum.

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