What does OCRA Arabia do?
What is OCRA Arabia?
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?
Why should I trust you with my money and affairs?
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:
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:
To validate the home address of all parties mentioned in our Application Form, provide one of the following, for each party:
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.