The RAK Investment Authority launched the offshore company concept in 2007 and allowed offshore company registration in Ras al Khaimah. The RAK Offshore Registry in the Ras Al-Khaimah free zone gives more flexibility than other offshore company jurisdictions in the UAE. It allows international companies to own free-hold properties anywhere in the UAE and there are no restrictions on the different types of offshore businesses that can be set up here. Companies flock to set up an offshore company in Ras al Khaimah because it is more economical than setting up a JAFZA offshore company. RAK offshore companies do not have offices in UAE, they are only registered here. The RAK offshore company regulator issues an operating license to these companies. As these companies do not get a business license, they cannot conduct any business in UAE. No taxes and full access to company profits, in addition to complete privacy, makes company formation in Ras al Khaimah free zones an attractive option. You need to have an agent registered with the RAK free zone authorities for any work related to RAK offshore company formation. The agent’s office becomes the registered office space of the RAK offshore company.
Shuraa Business Setup is a registered agent operating in RAK freezone. We are the best and most reliable business setup service providers for RAK offshore company formation. We take care of your RAK offshore company registration. Our PRO services save you time, money and effort. We have registered more than 20,000 companies in UAE over the past 15 years. With our help, you can set up an offshore company in Ras al Khaimah within two days, sitting anywhere in the world. You no longer have to worry about opening bank accounts or conducting feasibility studies for your RAK offshore company, our packages involve all these services. You are assured of the most reliable and low-cost business setup services for you RAK offshore company by partnering with Shuraa Business Setup.
If you do not have sound knowledge of UAE offshore company formation laws and necessary documentation, setting up an offshore in Ras Al Khaimah can become tough. Our Ras Al Khaimah freezone business set up package get your offshore company registered in two days. We act as your agent and deal with government agencies and the associated paperwork so that you won’t have to set out of your home to set up an offshore company in RAK free zone. Shuraa Business Setup packages also help with your company’s banking, insurance, accounting, and legal matters. Complete privacy and confidentiality is our hallmark.
Willing to setup a business in RAK offshore? Here’s how you can start you business in RAK offshore :
1. Contact the official registered agents of the RAK International Corporate Centre (RAKICC) – the Corporate Registry.
2. Provide the registered agents with the documents as they would incorporate the company with the Companies Registrar.
3. You may not be needed to visit the country. You need to sign the required documents and verification letters in the process.
4. The documents required to register a Ras Al Khaimah offshore are as follows:
5. Contact Shuraa Business Setup – a registered agent for offshore company formation in the UAE. At Shuraa we can register an offshore company in no time! Being your registered agent, we act as a link between your company and the RAK Investment Authority or any other governing body. Our offshore packages provide you complete foreign ownership.
Ras Al Khaimah (RAK) offshore company formation offers complete zero corporate or personal tax. Other benefiting factors are complete banking privacy, no constraints on minimum share capital, business-friendly regulations, etc.
Here are the top five benefits of RAK offshore company formation:
1. Discretionary Investments
The major benefit of an offshore company registration in RAK is that you are not bound to several rules and restrictions compared to any other jurisdiction or region in UAE. RAK Offshore is an independent overseas territory for international investors, with its own set of guidelines and authority named RAK Investment Authority (RAKIA).
2. Business Confidentiality
Doing business in RAK offshore provides complete confidentiality and anonymity for the owner of the business. Confidentiality is yet another important benefit of operating in an offshore company in RAK. Investors, entrepreneurs and businessmen from all around the world strive for a company formation in RAK offshore mainly for this reason.
3. Taxation and Double Taxation Avoidance Agreement
Even as UAE is planning to introduce some of the taxes in the country, the RAK offshore still remains a 100% tax-free region. Tax-free atmosphere provide transparency for businessmen to engage in the business activity and gain complete returns. Furthermore, to benefit the foreign investors a tax treaty was signed among the countries named Double Taxation Avoidance Agreement, that allows international businessmen to avoid paying tax in the two countries, they transit with.
4. Asset Protection
An offshore company in RAK offers complete asset protection with a strong and reliable platform for the investors in comparison to the domestic business structures. RAK’s offshore asset protection allows foreign trustees to create a legal wall between the creditors and the assets secured within you offshore company.
5. Lawsuit Protection
Lawsuit Protection in a RAK offshore company formation saves your possessions in case of legal allegations or judgments. RAK Investment Authority (RAKIA) assures that your company is incorporated ethically and a thorough check done before setting up a business in RAK. However, in case of a legal pursuit, the possessions under the company could be protected by the authority.
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