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
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
RAK offshore company must be renewed on annual basis.
PROCESS OF YOUR OFFSHORE COMPANY REGISTRATION
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.
WE ARE HERE TO HELP YOU
We will answer your request as soon as possible.