Replies to post #50225 on 3Power Energy Group Inc (PSPW)

[Trader92]

I looked up Ras al Khaimah,where the office will be and saw this,got it off their website.


"New legislation and regulations adopted by Ras al-Khaimah authorities favour big international interest for offshore business purposes. The combination of security and confidentiality is ensured to entrepreneurs. An international company may only have foreign customers and is not liable for paying local taxes. It can open a local bank account, make investments tax-free, obtain mortgages for investing in UAE assets. Employment visas are available. When approved, this type of company can own property in UAE free trade zones.

No income, sales or wealth taxes are payable by individuals. No corporate taxes are charged. In addition, there are no exchange controls, no withholding nor import or export taxes"