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OFFSHORE COMPANY FORMATION RAK

RAK Offshore Company Formation

RAK Offshore is one of the fastest-growing international corporate registries, with a strong track record in regulatory compliance and professional services. In 2007, the Emirate of Ras Al Khaimah introduced the idea of the International Business Company. It is one of the most appealing company structures in the world due to the multiple benefits it provides to entrepreneurs and investors. Over 20,000 offshore firms are now registered in Ras Al Khaimah (RAK).
RAK Offshore provides a variety of marine-related services, including an open registration facility for boats and yachts from all over the world. It also supports a large number of outsourced businesses. Under the RAK Offshore Special Corporate Trust Regulations, RAK Offshore will also facilitate the establishment of various types of offshore trusts, which may be used to hold offshore companies or other assets.

RAKICC

RAK International Corporate Centre is one of the most rapidly expanding international corporate registries in UAE with an excellent reputation for compliance and professional services. RAKICC conducts the registration and establishment of international business companies/offshore companies and offers a wide range of registration services in connection with international business/offshore company activity.
RAK International Corporate Centre (RAKICC) is a corporate registry based in Ras Al Khaimah, UAE. It is the consolidation of two Ras Al Khaimah company registries, RAK International Companies (formerly a part of RAK Free Trade Zone) and RAK Offshore (formerly a part of RAK Investment Authority).

WHY RAK OFFSHORE?

Ras Al Khaimah, one of the seven Emirates in the United Arab Emirates, is a highly desirable location on the Persian Gulf. You are given a great degree of entrepreneurial and financial flexibility to enable you develop your firm without having to give the state treasury half of your financial basis. From a worldwide standpoint, Ras Al Khaimah’s economic attractiveness makes it the ideal place for any entrepreneur looking to improve the efficacy and efficiency of their company’s operations. Ras Al Khaimah Offshore will assist and accompany you during the whole process, ensuring that the formation of an offshore business in Ras Al Khaimah is a pleasant and exciting experience for you.

Ras Al Khaimah Offshore is a forward-thinking organization that aims to provide every entrepreneur with the possibility to establish a presence in the Persian Gulf. Because of the UAE’s strong reputation, the worldwide market will be quite interested in you if you have a firm in RAK. Tax benefits, a business-friendly climate, and the finest worldwide reputation on the financial market will all provide you with every possibility to build your firm efficiently. Our expert staff is available to you and would be delighted to advise you.

Benefits of a RAK offshore company

Foreign ownership of an offshore business is permitted in Ras al Khaimah. As a result, no UAE national is required as a shareholder or sponsor. Ras al Khaimah exempts offshore companies from all corporate and income taxes. Profits and capital from offshore companies can be fully repatriated.

  • RAK offshore company allows 100% foreign ownership.
  • Zero taxes for RAK Offshore Company
  • Can open a bank account in the RAK offshore company’s name.
  • A RAK offshore business can buy shares in a mainland or free zone company in the United Arab Emirates.
  • You can set up a subsidiary in RAK Economic Zone.
  • World-class infrastructure
  • Minimal maintenance costs for businesses in RAK

Start Your RAK Offshore Company With Socprollect

Our company is dedicated to providing outstanding services for individuals or businesses interested in setting up a company in the Ras Al Khaimah (RAK) offshore zone. Our team of experienced professionals is committed to guiding you through every step of the company formation process, from selecting the right business structure to ensuring compliance with all necessary legal and regulatory requirements. With our comprehensive knowledge of RAK offshore company formation, we are confident in our ability to help you establish your business quickly and efficiently. Trust us to handle all the details, so you can focus on what matters most – building a successful company.

For All types of Company Formation and Business setup Services in UAE feel Free to Contact us on +971 55 539 3936.

Documents Required for RAK offshore company formation

The following documents and applications are required for the registration of your offshore company in RAK

  • Passport copy of shareholder/ investors
  • CV (Curriculum Vitae)  of the offshore company’s shareholder/ investor
  • Utility bill / municipality certificate for the address proof
  • Trade names as preferred

During the registration process, the authorities may request additional documents. Your registered Agent will help you to set up your RAK offshore company. It normally takes 3-5 working days to start a company. Socprollect is a fully professional business consultant and service provider for offshore company formations in RAK Ras al Khaimah.

FAQ

How can I set up an offshore company in UAE?

To set up an offshore company in the UAE, you need to engage a registered agent, collect the required documents (such as passport copies, reference letters, and share capital information), and submit an application to the relevant authority in the chosen offshore jurisdiction (e.g., RAK International Corporate Centre).

What are the advantages of forming a Rak Offshore Company?

Tax advantages: Rak Offshore Companies are exempt from corporate and income taxes, making it an attractive option for individuals and businesses seeking to minimize their tax liabilities.
Asset protection: The offshore structure provides a high level of privacy and confidentiality.
Ease of setup: The formation process is relatively straightforward and requires minimal documentation.
Foreign ownership: Rak Offshore Companies allow 100% foreign ownership, providing individuals and businesses with full control of their company.

How long does it take to form a Rak Offshore Company?

The timeline for Rak Offshore Company formation is relatively quick. It may only take 2 to 5 days once the documents are completely prepared.

Are there any ongoing compliance requirements for Rak Offshore Companies?

Yes, Rak Offshore Companies have some compliance obligations, which may include:
1. Filing an annual return and audited financial statements (if applicable)
2. Maintaining proper accounting records
3. Appointing a registered agent and a registered office in Ras Al Khaimah
4. Complying with relevant regulations and laws of the jurisdiction

Can a Rak Offshore Company conduct business within the UAE?

No, a Rak Offshore Company is not permitted to conduct business within the UAE. It is primarily designed for international activities and holding assets outside the UAE.

RAKICC Location – Offshore Company Formation Ras al Khaimah

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