Offshore Company In RAK

Offshore Company In RAK | Makes Doing Business Easy

Offshore company in RAK: Introduction to RAKIA offshore, benefits, service providers, features, confidentiality

Ras Al Khaimah is one of the fastest growing Emirates in one of the fastest growing economies of the world, the United Arab Emirates (UAE) and is the easiest to do business in the Middle East.

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In 2006, Sheikh Saud established the Ras Al Khaimah Investment Authority (RAKIA) to implement and manage Ras Al Khaimah’s vigorous developmental and infrastructural overhaul in his country.

RAKIA is among a myriad governmental organizations, including RAK Properties, Rakeen, RAK Free Trade Zone (RAKFTZ) and the Investment and Development Office, which have been instrumental in attracting quality worldwide investors to Ras Al Khaimah via RAKIA global offshore incorporation services and developments.

Many businessmen and corporations doing business in their domicile countries of residency find it is no longer profitable to do so, what with fluctuating additional tax policies of their government. So an Offshore company in RAKIA is more profitable.

The legal system too does not completely offer any respite to companies seeking tax interest waivers or rebates. Left with no options these businessmen and corporations look for ways to safeguard and consolidate their income and wealth via RAKIA offshore companies.

The Internet opened up a whole new world of better options to those looking for opportunities in the form of offshore incorporation, especially in Ras Al Khaimah for those wanting to invest in the Middle East.

Corporations understand that offshore incorporation can provide many additional benefits both financially and legally and that in the long run it has the potential to trigger immense growth of trade profits.

Offshore Company In RAK | Makes Doing Business Easy

Varal Team Member

Offshore company in RAK: Get a free quote now by filling in the box on the right and discover how to make business easy

How does RAK offshore incorporation benefit you?

RAKIA offshore incorporation helps you to run your business or asset ownership in the Middle East in the most profitable manner. Especially because you avoid the cumbersome process of having the offshore incorporation company documents, fees and costs attested by various embassies and Ministries of Foreign Affairs!

For your offshore incorporation in RAK, there exist many registration service providers offering a competitive offshore package.

Such packages include:

  • Services for operating your business e.g. Virtual office, nominee services, banking arrangements
  • Entering into agreements e.g. for receiving commissions, royalties, invoicing, consulting fees
  • Selling goods and company services e.g. invoicing, agencies
  • Drafting contracts and offering investments e.g. royalties, investing advice, holding companies
  • Taxation and currency banking advice e.g. minimizing your overall taxes via holding company structures

As RAK offshore incorporation requires an incorporation agent, you will need to choose one in order to record and register your company.

The offshore package offered by any service provider stipulates that the agent representing the service provider to its members would act as a link between the newly formed offshore enterprise and the local government entity.

Offshore Company In RAK | Makes Doing Business Easy

Varal Team Member

Offshore company in RAK: Get a free quote now by filling in the box on the right and discover how to make business easy

Offshore company in RAK: Features and additional regulations

  • The capital of the company can be any amount divided into any denomination without restrictions
  • The minimum number of shareholders and directors is one
  • All shares must be fully paid when allocated and no bearer shares or differential classes of shares are allowed. However, there is no requirement to deposit the capital in bank structures
  • 100% foreign ownership permitted and 100% tax and duty exemption exists on RAK offshore incorporation companies setup here
  • Opening a corporate bank account in a bank at Dubai, UAE is permitted for any person
  • A registered agent e.g. legal firms, auditors or consultants is required to be appointed by the company from the approved list of registered agents maintained by the RAKIA free zone
  • The offshore domicile is located in the RAKIA free zone of residency
  • The investors need not visit the authority to incorporate the company, however the documents need to be signed in the registered agent’s original office
  • Audited financials will be requested only in case of suspicion if applicable

Offshore company in RAK: Get a free quote now by filling in the box on the right and discover how to make business easy

RAK offshore has been established by the Ras Al Khaimah Investment Authority (RAKIA), the government body responsible for the socio-economic growth of the Emirate, to address the region’s growing demand for offshore markets, while at the same time to boost the emirate’s ongoing economic diversification program.

Within its first 14 months of operation alone, as an alternate offshore centre in the Middle East, RAKIA offshore expanded its client portfolio by over 1,900 International Business Companies (IBCs) providing specialised services such as asset protection schemes and real estate holding.

Real estate and property investments are among the principal businesses of several international firms registered with RAK offshore. Ras Al Khaimah, has also created a splendid group of infrastructure projects and new policies to provide the best environment and places for the offshore incorporation of companies.

Offshore company in RAK: Get a free quote now by filling in the box on the right and discover how to make business easy

Is RAK confidential?

A key feature of RAK offshore is that it offers complete privacy and confidentiality; owners and details of IBCs are kept confidential under law, ensuring a highly conducive business partners environment for both individual and corporate investors.

RAK offshore portfolio includes a wide range of financial and non-financial services. Under its non-financial portfolio, RAK offshore facilitates the establishment of IBCs whose activities include international trading, asset protection, tax planning and real estate holding.

RAK offshore also supports a wide selection of outsourcing companies, and offers several marine-related services, including an open registration facility for vessels and yachts from anywhere in the world. Just bring your passport.

Under its financial portfolio, which has been forwarded and is currently under review as per guidelines of the UAE federal authorities, RAK offshore will provide in the future, a regulatory framework to establish a diverse range of funds, including but not limited to Sharia-compliant investment products.

RAK offshore, in the near future, will also facilitate the establishment of different kinds of listed offshore trusts, which may be used to hold offshore companies or other assets under the RAK Offshore Special Corporate Trust Regulations and rights.

Offshore Company In RAK | Makes Doing Business Easy

Varal CEO

Offshore company in RAK: Get a free quote now by filling in the box on the right and discover how to make business easy

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Offshore Company In RAK was last modified: June 8th, 2019 by Manu Raj

Manu Raj

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