Ras Al Khaimah Offshore Company Formation

The RAKICC Offshore company is one of the popular offshore business setup options. It is ideal for any business type that does not require a local office, including passive investment activities. Governing corporate legislation will be RAK International Corporate Centre (RAKICC), a Corporate Registry operating in Ras Al Khaimah, United Arab Emirates.

Estimated Cost USD 1300 Onwards

There are several benefits in setting up an offshore company:

  • Confidentiality is preserved; there is no public record of shareholders or directors
  • A registered office address (through Authorized Agent nominated by the offshore jurisdiction)
  • 100% foreign ownership – Emirati partner is not required
  • 100% ownership of the company
  • 0% Corporation tax
  • 0% VAT
  • 0% Income Tax
  • Personal income tax exemption
  • 100% transfer of profits
  • 100% transfer of capital
  • Possibility of opening bank accounts in the UAE
  • No residence visas
  • No auditing required
  • No foreign currency restrictions
  • Not required to rent an office space
  • Privacy of directors and shareholders is maintained
  • Firms benefits from double taxation treaty between UAE and trade partners

Type of Companies that can be set up:

  • Holding intellectual property
  • Holding shares in international, local or free zone companies
  • Investment company
  • Trading activities outside the UAE
  • Commission Agents
  • Owning of properties
  • General trading company
  • Advisory and consultancy services
  • International service sector
  • Professional services sector
  • Shipping companies

Contact Us for Business Counselling to assist you from Formation and choose the proper jurisdiction or establish your business in Dubai or elsewhere in the UAE. The company formation processes, rules and requirements for incorporating a new company can vary wildly. We at Bizvise can help you navigate the complexity.

Business set up in Ras Al Khaimah

Is the UAE beckoning you? Or will your business dreams take off and land in the UAE? In any case, many foreign investors are embracing Ras Al Khaimah. Over the past few decades, the region has developed exponentially, and in the present situation Ras Al Khaimah offers immense potential for sources of income such as business/trading/company/industry and so on. Hundreds of businesses are thriving in Ras Al Khaimah alone.

Are you now considering forming a company in the United Arab Emirates as a foreign investor?

Ras Al Khaimah is a place name that is now worth mentioning, despite the fact that almost every area in the UAE has the potential for all kinds of business/companies to grow and expand. RAK is the perfect place for any business setup. Ras Al Khaimah (RAK) is located between the Arabian Gulf in the west and the Hajj Mountains in the east. The Emirate is just 45 minutes away from Dubai; its free zones are closest to the Far East. The Commonwealth of Independent States like China, India, Iran and Pakistan is not far away. For these reasons, strategic Ras Al Khaimah (RAK) is making this place an ideal investment for global companies. Still many foreign investors are trying to set up business with money.

Let’s take a look at the process of setting up a company in Ras Al Khaimah. This region in UAE is one of the most developing economies in the emirate, with the region experiencing tremendous growth in recent years. The UAE government has been doing everything in its generosity for foreign investors who want to invest and do business in Ras Al Khaimah. Those who invest in Ras Al Khaimah with high hopes will not be disappointed for any reason. This is an area where any business can generate income and profit. Now, foreign investors from all over the world are flowing to Ras AlKhaimah. One thing to note is that there are a number of consultancies in the UAE that provide decent documentation at the UAE government level, which is a must for any one starting a business in Ras Al Khaimah (including foreign investors) definitely need the help of such platform, if not you may have to give up business ambitions for a number of reasons.

Here, all government level offices are waiting for foreign investors with an open mind and a keen interest in dedicated service. The documentation here is moving forward at a steady pace, business settings in RAK are a fast and seamless process, with the help of a trusted consultancy and everything is done quickly. For the person investing and intending to start a business (male/female) the first thing is to do is to make sure that you have all the required documents and then follow all the proper procedures in addition. Any expert consultancy team can assist you to ensure that you have everything you need for a smooth RAK business set up. Related to that, one or two very important things reveal.

1.

Make a firm decision about what kind of business you intend to start?

Decide what kind of business activity you want to do as a first step towards setting up your business in Ras Al Khaimah. Only then can we move on to the appropriate documentation process. It is defined by a commercial, professional or industrial business activity.

2.

Determine the legal form of the business (like LLP, LCC, Pvt. Ltd etc). Under this step, you will decide the type of corporate entity for your business (based on the nature of the business), It depends on the type of business you are doing and how many share holders you intend.

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