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RAK Offshore

Ras al Khaimah (RAK) Company Formation

rak offshore registered agents

Capital: Ras Al Khaimah City

Official languages: Arabic, English is widely spoken

Currency: UAE dirham (AED)

Ras Al Khaimah Introduction

The Ras Al Khaimah is the northern part of the United Arab Emirates, also renowned for the RAK offshore company formation process which allows considerable advantages.

RAK offshore company formation: overview

The increasing interest shown towards RAK offshore companies is the result of the new regulation which favours international investments as well as the attractiveness of the security and confidentiality ensured to entrepreneurs by the business setup in Ras Al Khaimah.

Some benefits of a RAK offshore company:

  • 100% income tax exemption
  • 100 capital and profit repatriation
  • No capital/value-added/withholding tax
  • Confidentiality (no public register)
  • No directors/shareholders required to visit the UAE for the incorporation
  • Limited liability company

In addition, the RAK offshore company setup allows companies to open local business accounts, make tax free investments and, when necessary, obtain mortgages that if approved, permit the ownership of properties in the Ras Al Khaimah freezone.

Ras al Khaimah Background

Not being a producer of oil, this country had to develop different economical sectors such as real estate, tourism, manufacturing, services, agriculture and high tech materials. It enjoys political and economic stability as well as secure baking infrastructure, telecommunication facilities not to mention that the UAE is a well-known financial and business centre.

Since a RAK offshore company is not permitted to trade within the UAE nor rent local premises, it can be particularly suitable for entities looking to carry on business accordingly or also to minimize their tax liability and interested in asset wealth preservation.

Our team at GR Morgan Formations can take care of your RAKIA offshore company setup and provide you with all the services you need, get in touch now.

RAK OffshoreRAKIA offshore

  • Government Fees
  • Registered Address
  • Local Agent

Our Fees £ 1600.00

Renewal £ 1100.00

 



REQUIREMENTS FOR RAK OFFSHOREIncluded Package
Name Check and incorporation We usually ask you to choose 3 names when ordering *
Currency Any permitted - usually USD *
Minimum share capital Minimum 1 shares . No paid up capital required *
VAT/ Sales Tax 0% *
Directors Minimum 1 director. Can be individual or Corporate entity *
Company Secretary Yes. Can be individual or Corporate entity  
Shareholder Minimum 1 shareholder .Can be individual or Corporate entity *
Registered address Mandatory to have a local address  
Local Requirements Mandatory to have local Agent *
Yearly Government renewal /Annual Return Yearly basis *
Filing of accounts Not required to file accounts  
Audit Requirement Accounts must be audited but NOT filed with the authorities  
Taxation 0%  
RAK Offshore INCORPORATION PROCEDURES
Fill out Incorporation form Apply online
Documents required Upload a copy of requested documents
Payment Pay online with our secure payment
During & After incorporation We will follow up your companyto meet all requirements ensuring you focus on your business
Duration for Incorporation 5-10 working days
 First Year FeesRenewal Fees
Inclusive : Order £ 1600.00 £ 1100.00
*Incorporation * *
*Registration with Ras Al Khaimah Investment Authority (RAKIA) * *
*Paying government fee * *
*Registered address and registered agent * *
*Certificate of Incorporation * *
*Standard Memorandum and Article of Association * *
*Ongoing Support * *