Offshore Company Formation in Ras Al Khaimah

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:

• Directors and shareholders colored passport copies;
• Address proof of shareholders and directors (recent utility bills);
• Bank reference letter;
• Description on the shareholder (profession, educational, background etc.);

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.