RAK Offshore Company Formation

STARTING A RAK OFFSHORE COMPANY FORMATION

ONE OF THE BESTS OPTIONS FOR COMPANY FORMATION

RAK Offshore company formation is considered one of the best options available to business people in order to conduct business throughout the world while being set up in a financially safe and economically secure environment.

The UAE RAK Offshore Company is registered by the Ras Al Khaimah Authority. There are numerous reasons that more and more business people from all around the world set up Ras Al Khaimah offshore companies. Firstly, Ras Al Khaimah company’s formation documents states it is an International Company and is not labelled as an Offshore, while you are still able to enjoy a zero tax system.

RAS AL KHAIMAH OFFSHORE COMPANY ADVANTAGES

WHY A RAK OFFSHORE COMPANY FORMATION

No taxes

No prepaid share capital

No currency control

No time zone restrictions

One or multiple directors

No exigency for accounting and audit

Business outside UAE are allowed

No limitations for the expatriation of capital

One or multiple directors

No limitations for citizenship and residency

Bank accounts in Dubai, UAE and abroad

Address registered in the UAE (agent’s address)

REASONS FOR A RAK OFFSHORE COMPANY FORMATION

RAK is a politically stable place with a fast developing economy. A RAK offshore company offers safety and confidentiality as the most important priority. RAK is the fist Middle East’s center that offers International Business Companies (IBC) registration.
A RAK Offshore company is a flexible global instruments that can attend different objectives like asset protection, trading, real estate holding, tax planning, inheritance planning, funds or trusts.
The shareholders identity is kept confidential by law in RAK offshore companies.
A RAK offshore require minimum capital for company formation and only one director and shareholder that could be the same person.
UAE has RAK Double Taxation Avoidance Agreements (DTAA’s) with more than 40 countries.

NOT ALLOWED ACTIVITIES FOR A RAK OFFSHORE COMPANY

  • Financial activities
  • media related activities
  • aviation related activities
  • Insurance and re-insurance
  • business with UAE mainland companies
  • establishment of a company branch in the UAE

EXAMPLES OF RAK OFFSHORE COMPANY BUSINESS ACTIVITIES

  • Consultancy
  • International trading
  • Property holding
  • Ship registration
  • Brokerage
  • On-line advertising
  • Stock trading

RAK OFFSHORE LICENSE

GET REASONABLE PRICE FOR A UAE RAK OFFSHORE COMPANY FORMATION

SERVICES INCLUDED IN PACKAGE

  • Registered Address
  • Registered Agent
  • Company’s secretarial maintenance

CHARGES INCLUDED IN PACKAGE

  • Agent’s service fees
  • Government fees

DOCUMENTS INCLUDED IN PACKAGE

  • Incorporation Certificate
  • 2 Copies of Memorandum and Articles of Association
  • Stocks Certificate
  • Directors register
  • Stocks Register
  • Director and Secretary’s appointment
  • Company stamp

RAK OFFSHORE COMPANY FORMATION CHARGES

$3950

RAK offshore company must be renewed on annual basis.

The charge of renewal is 2200$ per year.

PROCESS OF YOUR OFFSHORE COMPANY REGISTRATION

THE REGISTRATION PROCESS OF A RAK OFFSHORE COMPANTAKES 1 WEEK

FAST AND SIMPLE

1.
Approval of your company’s name and professional activity.
2.
Signature of the company incorporation documents.
3.
Documents submission to the RAK Authority’s Registrar.
4.
Setting up takes only a few days and then you can open a corporate bank account and start with the business.

REQUIRED DOCUMENTS FOR RAK OFFSHORE COMPANY FORMATION

  • Copy of your passport
  • Visa or entry stamp to the UAE on your passport
  • Your residential address
  • A valid contact phone number and e-mail
  • Proof of address (any utility bill)
  • Short CV (with contact details, education and last 3 jobs)
  • Bank reference to confirm that you are its client

FREQUENTLY ASKED QUESTIONS ABOUT RAK OFFSHORE COMPANY FORMATION

A tax free jurisdiction is a jurisdiction where taxes are not applied at all or are levied at a low rate. International businesses, or offshore companies, can be incorporated in tax free jurisdictions for an easy management and reducing taxes to the lowest rate.

The RAK offshore company can be the owner of the assets instead of an individual. For example, one possibility is places the company in trust or foundation.

In a RAK offshore companies keep the directors and shareholders names are away off public record.

A RAK offshore company do not pay taxes on profit and capital gains, they do not pay also value-added tax or withholding tax

International Business companies and International companies are  types of companies that can do business anywhere apart from the country of incorporation. This type of companies are usually on tax free jurisdictions like RAK.

A RAK offshore company can have from 1 to 15 shareholders. Each shareholders liability is limited to his share of company’s capital.

A RAK offshore company can have from 1 to 15 shareholders. Each shareholders liability is limited to his share of company’s capital.

Companies from around the world looking for minimizing their overall tax liability, seeking protection for their assets or companies that want to establish an exchange control trading vehicle.

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