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RAK Offshore Company Formation in 4 Steps

STEP 3 STEP 2 Discuss your requirements with our UAE Company Formation Agents and get a Full Quotation STEP 1 Decide your UAE Company Trade Name STEP 4 Start Your Company are you ready Decide between banks to open a UAE Company Bank Account Decide on UAE Company Share Capital and Managers, Director and Secretary Order now

RAK ICC Company Formation | RAK Offshore Company Formation

RAK ICC Official Registered Agents Why Us? SERVING CLIENTS SINCE 1998
A to Z Services for RAK ICC Company Formation, Management and Administration from a leading RAK ICC Company Formation Agent. Work with us for guaranteed high standard of professional services and a friendly approach, very competitive and fair prices, fast and competent execution, your minimum involvement and peace of mind.
To read more visit our Group Profile and Services page. UAE Company Formation What We Do Offshore Company formation

Free Zone COmpany Formation What We Offer Bank Accounts

Residence Visas

Accounting & Audit

VAT & TAX Services What Else 2000+ date_range Companies
Established 500+ work_outline Projects
done 200 Business
partners 1000+ Happy
clients

RAK ICC Company | RAK Offshore Company Benefits

Confidentiality of The RAK Offshore Company With RAKICC company formation, investors can trade internationally, invest anywhere in the world and own properties internationally. 100% exemption of corporate tax
100% exemption of income tax
100% foreign ownership in the free zones
100% repatriation of capital and profit
0% capital gains tax
0% import and export taxes
0% capital duty
0% withholding tax
Zero minimum share capital
Zero disclosure of information
Possibility of re-domiciliation
The company can own shares in foreign companies, local companies and free zone companies
The company can own real estate in the UAE and in other countries
Ownership of aircraft, ships and yachts is allowed
Ownership of asset protection, copy right and trademark are allowed
Partial individual and / or company ownership is allowed
Single shareholding structure is allowed
Protection of investments overseas
Activities permitted as an international entity overseas
Simple accounting procedures, with no yearly audited financials
All business activities allowed except for financial activities
Lowest company formation and operational costs in the UAE
No requirement for a physical office
International and UAE bank accounts allowed
Shareholder can select the applicable internal governance law
No requirement for legalisation of company documents for use within the UAE
No need to travel to the UAE as company formation can be done elsewhere
Easy settlements of commercial disputes Additionally, a RAK Offshore Company or an IBC is protected by the highest levels of confidentiality adopted in the UAE about the identity of its owners, directors and activities, within acceptable international standards. Many Advantages for Your RAK Offshore Company Constructive use of RAK Offshore Company Formation in the UAE can yield the investor significant advantages. Tax Free Status, Security, Confidentiality, Flexibility and Unique Lifestyle Advantages. Multiple Business Activities in One RAK Offshore Company RAK Offshore Companies are permitted to engage in multiple business activities such as trading in goods and services, professional services. They are used as holding Companies being shareholders and investors in other UAE or non UAE-based Companies as well as property holding Companies. RAK Offshore Companies are not allowed to engage in Insurance and Finance business. Bank Account & Registered Office of the RAK Offshore Company The RAK Offshore Company is, however, allowed to have a UAE Registered Office at the location of its Registered Agents, open a UAE bank account as well a bank account anywhere outside the UAE, own UAE Real Estate in some Emirates and use the Services of UAE professional firms. Benefit from Your RAK Offshore Company being a Globally Recognised International Business Company (IBC) A RAK Offshore Company is a very well-known and popular Company type in the UAE and internationally and one that enjoys a “white-list’ status as it is not included in any official FATF ‘tax-haven black-lists’ internationally. In this sense, your new RAK Offshore Company will enjoy an internationally recognized and accepted status.

A RAK Offshore Company, or as it is more widely known as RAK ICC Company is an UAE International Business Company or an UAE IBC, is a tax-free UAE Registered but Non UAE Resident Company that is set up in an especially designated UAE Economic Zone (UAE Free Zone or Offshore Zone).

This RAK Offshore Company is in addition permitted to conduct, exclusively, international business activities outside the UAE and derive the entirety of its income outside the UAE, with the exception of rental income from UAE Real estate and interest on local deposits and bonds. RAK Offshore Company Formation: Other Advantages - The UAE imposes no restrictions or taxes or withholdings on fund transfers internationally or on repatriation of funds for RAK Offshore Companies

- 100% foreign ownership is allowed for the RAK Offshore Company

- Use of UK Common Law and the English Language in the RAK Offshore Company documents

- A RAK Offshore Company is exempted from any income tax, corporate tax, personal tax or custom duty.

- It is not necessary for an investor to come to the UAE in order to form the RAK Offshore Company.

- No audit is required from the RAK Offshore Company

- Non UAE residents AND UAE Residents, Individuals or Companies, can be directors or shareholders of the RAK Offshore Company Conclusion: Who is the RAK Offshore Company Suitable For? Therefore the RAK Offshore Company or a RAK Offshore IBC is suited to those investors who wish to set up a Company fast and at a lower cost than other Company types to minimize their corporate tax liabilities or to protect their assets.

A RAK Offshore Company is attractive to investors because it is a Company with international image and multiple activities within a confidential and tax-free environment that can open a bank account in the UAE and/or anywhere internationally and has the highest degree of confidentiality. An RAK IBC may be incorporated either by individuals or Companies. Important Note – RAK Offshore Companies Finally it is worth noting that a RAK Offshore Company is not entitled to UAE Residence Visas for its owners or directors, employ staff or set up offices in ‘Mainland UAE’. Order now are you ready Order now are you ready

RAK Offshore Company Establishment Procedures

are you ready Order now We specialise in RAK Offshore Company incorporation with RAK ICC Licensing Authority. Corporate and Structuring Advice: Consultancy and discussion on the business purpose to confirm / guide you and make sure the RAK Offshore Company will suit your business and/or purposes.

We will then send you a quotation to agree and subject to agreement we will issue an invoice for payment. On receipt of payment we will begin the work, as described below. We are your valuable partner for literally ALL Your RAK Offshore Company needs in Ras-Al-Khaimah. RAK Offshore Company incorporation, bank account opening and professional corporate services. RAK Offshore Companies afford significant advantages to investors and are 0% tax-free vehicles to do business. Shareholders, Directors and Company Secretary: A minimum of one Shareholder, one Director and one Secretary are allowed for the RAK Offshore Company, each of which can be an individual or a corporate entity. The legal name, address, contact details and other attested (or ‘legalized’) documentation for each office may also be required. Plus each has to have visited the UAE in the last 6 months and be able to show the passport stamp of entry.

Also he/they may need to re-enter on applying to the bank to open a bank account. So the easiest, quickest and cheapest way is to have one natural person be the director, the shareholder and the secretary at the same time. In case we act on your behalf all is easy and no need exists for clients to travel to the UAE! Shares and currency of issue: Issued shares of a RAK Offshore Company can be in any currency and are usually on a ‘non-paid up’ basis, allocated to shareholders in the denomination of your choice but we use USD$ as standard. There are no minimum capital requirements but for our clients we recommend to have adequate capital paid up and deposited at a local bank from the start to have the “goodwill” of the banks and the authorities as to the serious business intentions of the Company Incorporation timescale: On submission of all required documentation, Company formation can take as little as 3 to 5 days. Bank account opening may take 2-4 weeks depending on the case and the specific corporate structure. So generally in the UAE it is true that “patience is a virtue”. Generally the UAE has significant “red tape” at all levels of the system (but to be fair it is also a very popular jurisdiction creating high workload levels for the banks and authorities) and things may not be as efficient as in the EU or the US. The Choice of a Competent RAK Offshore Company Registered Agents / RAK Offshore Company Formation Consultants is critical in this respect.

BUT … the UAE has such significant other advantages (0% tax, FULL 100% beneficial owner confidentiality with banks and authorities PLUS+ no information exchange for any type of UAE active Company trading in goods or services or holding Companies of active Companies! Our Role as RAK Offshore Company Registered Agents in the RAK Offshore Company Incorporation Process …and After - Collect all owner’s identity and passport personal documents, CV, bank reference letter, 6-months bank statements, proof of address and a draft business plan and activities list AND in the case of a corporate shareholder the relevant Company documents of the shareholding Company

- Prepare all RAK Offshore Company incorporation documents for your RAK Offshore Company

- Complete, check and submit all RAK Offshore Company Formation, Bank Account and Visa applications to the relevant bodies, institutions and Authorities

- Name approvals and other governmental approvals (after approval, MOA and application forms will be signed) for your RAK Offshore Company Formation

- Monitoring and controlling the progress of the RAK Offshore Company formation process through the various steps ensuring smooth and problem free set up

- Bank account opening – we introduce banks to clients to act as the RAK Offshore Company’s bankers

- Full-Scope professional services to support your RAK Offshore Company operations from A to Z (VAT, Tax, Accounting, Bookkeeping, Audit)

- Following the Formation Stage our role is to continuously support you in all related matters pertaining to the RAK Offshore Company’s needs for professional services, as required.

Following the Formation Stage our role is to continuously support you in all related matters pertaining to the RAK Offshore Company’s needs for professional services, as required. Registered Company name: Choosing a name for your RAK Offshore Company is the first and we recommend selecting three names in order of preference, to ensure that the name… (Ltd., LTD., Limited and LIMITED are all allowed in the Ras-Al-Khaimah).

RAK Offshore Company F.A.Q

How can I set up my RAKICC company? Only registered agents can be used for your RAKICC company formation. What are the company types that can be set up at RAKICC? Company Limited by Shares
Company Limited by Guarantee
Restricted Purposes Company
Segregated Portfolio Company
Unlimited Company What about the company’s directors? Minimum one director
A director can be a company or an individual
Directors’ details are not made public How many shareholders are required? Minimum one shareholder
Shareholders’ details are not made public What about the company’s secretary? The company’s secretary does not have to a UAE resident What about the company’s registered address? There is no need for a physical office
The company’s registered address has to be in RAK What are the main business activities at RAKICC? General trading activities
Holding company
International services
Professional services
Consulting and advisory activities
Shipping and ship management activities
Investments
Owning of property
Intermediary brokers

RAK Offshore Company News

are you ready Latest Company News UAE Tax Residence The UAE Government has approved Cabinet Resolution No. 85 of 2022 that provides guidelines for determining the tax residency for “legal (entities or establishments) and natural (individuals) persons” and will be effective from 1st March 2023... Read More UAE Corporate Tax Update UAE Introduces Corporate Taxation Important Note: UAE Free Zone Companies will retain their 0% tax status as before for income / transactions arising outside the UAE (Qualifying income). A condition for the 0% tax status, as stipulated by the law, is that the free zone company maintains adequate economic substance as per the UAE Economic Substance Law... Read More UAE Banking and Residency Solutions Order now UAE Banking and Other Solutions for the Global Geopolitical and Financial Crisis Introduction – What is This About? his is a short but critically important note with some ideas for using the UAE relating to the planning of your future international cross border funds flows and banking transactions in order to ensure your companies and… Read More All News

Get in Touch With Us We work closely with you to understand your goals and then develop your entire business plan. Own success at every turn. Uncover and deliver on opportunities that build lasting value. How to find us 8th floor, Office 8F-3
Amenity Centre, Tower 2
P.O.Box 85674, Al Jazeera Al Hamra
Ras Al Khaimah, United Arab Emirates

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