A business-friendly environment to establish your venture here, hassle-free and tax-free.
In comparison to the other types of legal entities available in the UAE) for foreign investors looking to form entities for the purposes of holding capital or assets both inside and outside the UAE or conducting business outside the UAE.
An offshore firm differs greatly from a free zone corporation in how it does business. An offshore corporation is a legal corporate entity formed with the intention of conducting business outside of the nation in which it was formed and/or the location of its ultimate ownership.
The following are the key advantages of creating an offshore company in the UAE, but they may vary to some extent based on the corporate legislation of the relevant country.
Offshore businesses in the UAE, in general, are not subject to corporate income tax; they provide business flexibility and anonymity at a lower relative cost (for example, an offshore business is not required to maintain an office space; and they provide asset protection for real estate purchased in the UAE).
Ras Al Khaimah is one of the most important offshore jurisdictions in the United Arab Emirates.
Both are “Tax Free” jurisdictions, which means that no UAE corporate or income tax is charged on businesses operating there. They also allow for 100% foreign ownership and allow registered enterprises to open multiple currency accounts and conduct business in the U Formation
The UAE RAK Offshore Company is inexpensive, cost-effective, and well-known in the region. When it comes to international business, RAK is the most cost-effective offshore in the UAE and the greatest alternative accessible because the RAK offshore company registration process is quick and straightforward. RAK offshore companies do not have a physical office in RAK and are not permitted to conduct business in the UAE. However, they can enjoy full tax exemption and full access to firm profits while maintaining complete privacy, confidentiality, and asset and information protection. A registered agent is required for RAK offshore company registration, and his office might be the firm’s registered office.
RAK offshore is the most prestigious offshore jurisdiction in the northern emirates and one of the oldest offshor
e of the oldest offshore jurisdictions in the UAE. Any expatriate entrepreneur or investor wishing to capitalize on the business-friendly climate and growth potential that this special economic zone has to offer should create a RAK offshore company.
Choose RAK offshore company formation to take advantage of the business-friendly regulatory framework, tax breaks, confidentiality, and other advantages provided by this special economic zone. Shuraa is prepared to assist your cause by providing a range of skilled services tailored to your specific requirements. Our outstanding track record places us among the top names in the specialty segment
The process of incorporation is completed quickly.
The RAK ICC corporate register was established in accordance with Decree No.12 of 2015, which was later updated by Decree No.4 of 2016. The RAK International Companies (previously a component of RAK Free Trade Zone) and RAK Offshore (formerly a part of RAK Investment Authority) merged to form the new registry. RAK offshore company establishment is governed by the RAK ICC Business Companies Regulations 2018 for investors and the RAK ICC Registered Agent Regulations 2018 for registered agents in the UA
Inter Business Setup offers a comprehensive range of services curated for your business specific needs.
Companies incorporated under the RAK ICC Authority must if they must comply with the Economic Substance Regulation (ESR). Companies in the UAE that engage in any of the nine Relevant business setup Activities are subject to ESR. Banking Business, Insurance Business, Investment Fund Management Business, Lease – Finance Business, Headquarters Business, Shipping Business, Holding Company Business, Intellectual Property Business, and Distribution & Service Centre Business are the nine ESR Relevant Activities. If eligible, such businesses must comply with ESR duties such as filing ESR notifications, submitting ESR reports, and passing the ESR exam. Companies that have gone through liquidation must also conduct an ESR self-assessment.
RAK ICC is one of the leading corporate registries in the UAE, with a high demand for offshore company formation. Foreign investors are encouraged to register RAK offshore companies because the RAK ICC Authority has innovative legislation and the resources to meet ESR requirements. Foreign investors who want to set up an offshore company must use a registered agent in the UAE, such as Inter Business. Hundreds of businesses have profited from Inter Business services, which have been offering high-quality registered agent services in the UAE for many years. We have successfully established offshore corporations in RAK ICC, Ajman Offshore, and JAFZA. As premium registered agents in the UAE, we provide seamless, robust, and inexpensive services to all types of investors.
Only registered agents can incorporate RAKICC offshore companies. Inter Business is a registered agent with RAKICC and provides its clients with cost-effective and efficient UAE offshore company registration services. We incorporate the offshore corporation within 3-4 working days of receiving instructions from our clients.
RAKICC can integrate the following sorts of offshore companies:
In order to incorporate an offshore business in RAK, no minimum capital is necessary.
Yes. One company secretary is required. The secretary of the corporation might also be a director.
RAK Offshore Company must have a local registered representative who has been authorized by the local authorities, as well as a local registered office, which is typically provided by the registered agent.
It normally takes 1-2 working days with the assistance of Inter Business.
The RAK Offshore Regulations 2006 govern the companies.
Yes. Corporate entities may even own shares in RAK Offshore firms.
The director can be a resident of any foreign citizen, but he or she must provide proof of residency as well as other essential documentation.
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