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Ras Al Khaimah Offshore

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Ras Al Khaimah Offshore Company Formation

The key benefits of offshore company formation in the UAE include tax exemptions, business flexibility, and enhanced privacy at a cheaper cost. Offshore companies are not obligated to maintain office space and generally also do not fall under corporate income tax. They also provide asset protection for real estate purchased in the UAE.

Ras-Al-Khaimah features as one of the most well-known offshore jurisdictions in the United Arab Emirates. It offers a “Tax-Free” environment: no corporate or income tax is levied, with 100% foreign ownership. The possibility of opening accounts in multiple currencies also exists, as does the conduct of business operations within the UAE.

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RAK Offshore Key Aspects

RAK Offshore provides a favorable business environment with tax exemptions, 100% foreign ownership, and easy access to international markets, making it an ideal choice for global business expansion.
  1. Incorporation process is fast and efficient.
  2. No requirement for a local office or staff.
  3. Full foreign ownership of the company.
  4. Exempt from taxes and VAT.
  5. No import or export duties apply.
  6. No obligation to file financial accounts.
  7. Renowned for its stable jurisdiction.
  8. Ensures maximum privacy, secrecy, and protection of assets and information.
  9. No restrictions on currency exchange.
  10. Ability to own real estate in the UAE.
  11. Non-residents can own property in UAE free zones.
Infographic summarizing the key aspects and core legal requirements for RAK Offshore company formation.

Key Features of RAK Offshore Companies

The RAK offers various offshore company options tailored to meet diverse business needs. These options include:

  • The UAE RAK Offshore Company is inexpensive and cost-effective.
  • RAK is the most cost-effective offshore option in the UAE.
  • RAK offshore companies do not need a physical office in RAK.
  • Shapemybusiness offers specialized services to assist with RAK offshore company formation.
  • Shapemybusiness has a strong track record in offshore company formation.
  • It is one of the oldest offshore jurisdictions in the UAE.

RAK Offshore Company Setup

RAK Offshore Company Formation allows businesses to set up in Ras Al Khaimah with benefits like tax exemptions and 100% foreign ownership. It’s a popular choice for international entrepreneurs seeking a cost-effective and flexible solution.
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Company Owners

RAK offshore companies require at least one shareholder, no bearer shares.

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Timeline

The registration of the corporation in the Free Zone will take three working days.

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Company Directors

At least one director required, identities confidential.

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Name Restrictions

RAK offshore names must end with "Limited" or "Incorporated."

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Company Secretary

A secretary is required for every RAK ICC offshore company.

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Local Requirements

RAK offshore businesses require a registered office and agent.

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Annual Reports

Accounting records must be kept for seven years.

Frequently Asked Questions

Find answers to common questions about Ras Al Khaimah, including business setup processes, licensing options, benefits, required documentation, and how to establish your company in Ras Al Khaimah’s free zones or offshore jurisdictions.
RAKICC offshore companies can only be incorporated through registered agents. Shuraa, a registered agent with RAKICC, offers clients cost-effective and efficient UAE offshore company registration services. We complete the incorporation process within 3-4 working days of receiving client instructions.
RAKICC can incorporate the following types of offshore companies: Share-limited company (most common) Limited liability company Restricted purpose company Segregated portfolio company Unlimited company
No minimum capital is required to incorporate an offshore business in RAK.
Yes, a company secretary is required. The secretary can also serve as a director of the corporation.
A RAK Offshore Company is required to have a local registered representative authorized by the local authorities, along with a local registered office, usually provided by the registered agent.