Home > RAK OFFSHORE COMPANY FORMATION

RAK Offshore Company Formation

Our team of consultants do more than just be a part of the answer – they become part of the solution.

RAK Offshore Company Formation

Overview :

RAK Offshore Company Formation refers to the process of establishing an offshore company in the Ras Al Khaimah (RAK) jurisdiction of the United Arab Emirates (UAE). RAK Offshore is a popular choice for international businesses and investors due to its favorable tax environment and flexible company regulations.

Process :

Tax Advantages: RAK Offshore companies enjoy several tax advantages. They are exempt from corporate and income taxes, as well as value-added tax (VAT). This can result in significant cost savings for businesses.
100% Foreign Ownership: RAK Offshore companies allow 100% foreign ownership, meaning investors can have full control and ownership of their company without the need for a local partner or sponsor.
Anonymity and Privacy: RAK Offshore offers a high level of privacy and confidentiality. The details of company owners, directors, and shareholders are not publicly disclosed, ensuring anonymity.
Quick and Simple Setup: RAK Offshore company formation is relatively straightforward and can be completed quickly. The process involves submitting the required documentation and obtaining the necessary licenses and permits.
Flexibility in Business Activities: RAK Offshore companies have the flexibility to engage in a wide range of business activities, subject to certain restrictions. They can operate as holding companies, conduct international trading, provide consultancy services, and hold investments, among other activities.
No Local Presence Requirement: RAK Offshore companies are not required to have a physical office or presence in the UAE. This offers flexibility for businesses that operate internationally and do not require a physical presence in the country.
Asset Protection and Estate Planning: RAK Offshore can be utilized for asset protection and estate planning purposes. By holding assets or investments in an offshore structure, individuals and businesses can protect their wealth and plan for inheritance and succession.
Bank Account Opening: RAK Offshore companies can open bank accounts in the UAE or internationally. This facilitates smooth financial operations and provides access to global banking services.
Confidentiality and Privacy: RAK Offshore maintains strict confidentiality regulations, ensuring the privacy of corporate and financial information. This contributes to the overall appeal for businesses seeking a discreet and secure business environment.
Compliance Requirements: While RAK Offshore companies enjoy certain advantages, it’s important to note that they must comply with the regulations and requirements set by the RAK Offshore Authority. This includes maintaining proper accounting records, conducting annual audits, and adhering to anti-money laundering (AML) regulations.

Here are some key points to understand about RAK Offshore Company Formation:

Tax Advantages: RAK Offshore companies enjoy several tax advantages. They are exempt from corporate and income taxes, as well as value-added tax (VAT). This can result in significant cost savings for businesses.
100% Foreign Ownership: RAK Offshore companies allow 100% foreign ownership, meaning investors can have full control and ownership of their company without the need for a local partner or sponsor.
Anonymity and Privacy: RAK Offshore offers a high level of privacy and confidentiality. The details of company owners, directors, and shareholders are not publicly disclosed, ensuring anonymity.
Quick and Simple Setup: RAK Offshore company formation is relatively straightforward and can be completed quickly. The process involves submitting the required documentation and obtaining the necessary licenses and permits.
Flexibility in Business Activities: RAK Offshore companies have the flexibility to engage in a wide range of business activities, subject to certain restrictions. They can operate as holding companies, conduct international trading, provide consultancy services, and hold investments, among other activities.
No Local Presence Requirement: RAK Offshore companies are not required to have a physical office or presence in the UAE. This offers flexibility for businesses that operate internationally and do not require a physical presence in the country.
Asset Protection and Estate Planning: RAK Offshore can be utilized for asset protection and estate planning purposes. By holding assets or investments in an offshore structure, individuals and businesses can protect their wealth and plan for inheritance and succession.
Bank Account Opening: RAK Offshore companies can open bank accounts in the UAE or internationally. This facilitates smooth financial operations and provides access to global banking services.
Confidentiality and Privacy: RAK Offshore maintains strict confidentiality regulations, ensuring the privacy of corporate and financial information. This contributes to the overall appeal for businesses seeking a discreet and secure business environment.
Compliance Requirements: While RAK Offshore companies enjoy certain advantages, it’s important to note that they must comply with the regulations and requirements set by the RAK Offshore Authority. This includes maintaining proper accounting records, conducting annual audits, and adhering to anti-money laundering (AML) regulations.