RAK Offshore Company Setup
A RAK Offshore Company is set up within the Ras Al Khaimah International Corporate Centre (RAK ICC).
Known for its flexible regulations and cost-effective setup, RAK ICC is a preferred jurisdiction for international businesses, holding companies, and asset managers.
This offshore structure offers complete ownership, confidentiality, and access to UAE’s robust banking system.
Advantages of RAK Offshore Companies
- Full Foreign Ownership: No requirement for a local sponsor or partner.
- Tax-Free Operations: Complete exemption from corporate and personal income taxes.
- Flexible Regulations: Minimal restrictions on company activities and shareholding structures.
- Banking Privileges: Offshore companies can open bank accounts in the UAE and abroad.
- Confidentiality: Shareholders’ and directors’ information is kept private.
Activities Allowed for RAK Offshore Companies
– Global Trade: Engage in import-export activities.
– Holding Company: Hold and manage investments and company shares.
– Wealth and Asset Management: Protect intellectual property and financial assets.
– Property Ownership: Purchase properties in designated areas.
How to Set Up a RAK Offshore Company
- Choose a Company Name: Ensure compliance with offshore naming rules.
- Appoint a Registered Agent: Offshore companies must work with a licensed agent.
- Submit the Application: Provide required documents, including shareholder and director details.
- Receive Incorporation Certificate: Once approved, the company is officially registered.
- Open a Bank Account: Offshore companies can open accounts with UAE or international banks.
Neo Vision Corporate Services offers comprehensive support throughout the RAK offshore company setup process, ensuring smooth incorporation and ongoing compliance.