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Jurisdiction Advice Needed
Afriq-Invest
Posted: Tuesday, April 16, 2013
Joined: 4/16/2013
Posts: 1


Hello I am trying to figure which is the best offshore jurisdiction for doign business with Nigeria based clients. I am not necessarily in need of secrecy but need a dependable locale that will allow wire transfer FROM Nigeria.

Any advice is welcome.

Thank you.


David Williams
Posted: Monday, April 29, 2013
Joined: 4/29/2013
Posts: 1


We deal with a large number of Nigerian HNWIs and also many Corporations in Nigeria. We are based in Dubai which is a very close trading hub for Nigerians. We use a UAE offshore jurisdiction which is Ras Al Khaimah FTZA not to be confused with RAKIA ( a competing offshore jurisdiction that is not as robust). We have many clients who have set up International Business Companies in this jurisdiction for the same purpose as you state and we can assist with a UAE bank acccount set up. Nigerians are generally extremely happy to deal with the UAE which they often consider as thjeir closest international trading hub. 

The UAE (of which Ras Al Khaimah is part) has no exchange of information agreements or cooperation pacts in place and none are envisaged. The region is geopolitically stable and the currency is pegged to USD$. There are no taxes in the UAE, no public record of offshore companies or their UBOs.

Please contact me if you require more information as I will be pleased to assist and answer any queries that you may have. 


 

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