Business setup In RAK Offshore

Business setup in RAK Offshore is the most preferred choice for international investors wishing to incorporate a company in the UAE, as it permits 100% foreign ownership, and this jurisdiction allows its investors to be exempt from income tax, thereby increasing profit margins. This jurisdiction simplifies setting up a business in Dubai and its region. It offers an easy registration process and secure management of sensitive data to protect business owners. To register, RAK Offshore provides a cheap, low-tax, risk-free environment. It will help businesspeople achieve their long-term goals.

How to Set Up a Company in RAK Offshore?

RAK Offshore has a clear, streamlined process for forming a company. It aims to make UAE company formation quick and efficient. Below are the key steps:

Here are the key steps to set up a business in RAK OFFSHORE.

Appoint a Registered Agent

RAK ICC companies must be incorporated through an approved registered agent—you can’t register directly. The agent will guide you through documentation, name reservation, and filings.

Choose Company Name & Structure

Select a unique company name
Decide on
Number of shareholders and directors (can be the same person)
Business activity

Prepare & Submit Documents

Passport copy of each shareholder/director
Proof of address (e.g., utility bill or bank statement)
CV or personal profile
Company name and business activity form
For corporate shareholders: Board resolution, certificate of incorporation, MoA, etc.
Documents need to be notarized/legalized for non-UAE residents or foreign corporate entities.

Company Registration

Your agent will:

Reserve your company name
Submit incorporation documents to RAK ICC
Pay the registration fees

Once approved, you'll receive:

Certificate of Incorporation
Memorandum & Articles of Association
Share certificates

Offshore Bank Account

Open a bank account to run the offshore business.

By following these steps and working with business setup consultants in Dubai or RAK, you can ensure a smooth process. It will be hassle-free. The new offshore entity allows 100% foreign ownership. It has zero income tax and strong confidentiality. You can now focus on growth and profits with confidence.

Key Benefits of Business setup RAK Offshore

RAK Offshore is a great place to start your venture. It offers many benefits for both seasoned entrepreneurs and new market entrants. From enhanced asset protection to favorable tax conditions, here are the key benefits you can expect:

1

100% Foreign Ownership

RAK Offshore gives international investors the opportunity no longer to depend on a local sponsor and allows them to own 100% of the business, fully in control.

2

No Income Tax

Relying on the free economic zone policies in Ras Al Khaimah Offshore (RAK) along with the UAE bureaucratic regulations permits one to set up a business with a zero income tax.

3

Confidentiality

Of crucial significance, RAK Offshore is famed for its sound legal position and international repute as an offshore center with the strictest privacy. Hence information such as corporate details.

4

Low Setup Costs

Setting up a business in RAK Offshore is simple, with very few papers and minimal turn-around time, making the whole process efficient.

Other, appealing, economical regulatory practices have helped RAK. It is now a favoured site for businesses wanting to expand globally.
Shareholders’ identities, and other financial matters, are confidential. We have measures to protect assets from imminent dangers.
Using local experts, like business setup consultants, makes things easier, especially in Dubai. They help with faster and smoother business incorporation, so you can avoid stress and stay on schedule.

Required Documents for RAK Offshore Company Formation

To initiate the offshore incorporation process, the following documents are necessary:

Min. 1 shareholder & 1 director (can be same person)
Required docs:
1. Passport copy
2. Proof of address
3. CV or business plan
4. Chosen company name & activity
Corporate shareholder docs: Need attested CoI, MoA, board resolution
Physical presence: Not required
Registered agent: Mandatory

Cost of Business Setup In RAK Offshore

International Trading

Businesses can engage in the import and export of goods and services internationally.

Holding Company

RAK offshore companies can hold shares in other companies, both within and outside the UAE.

Asset Protection

Offshore companies can help protect assets from potential creditors or legal liabilities.

Tax Planning

They can be used as part of a tax planning strategy, though it’s important to understand that offshore structures don’t automatically guarantee tax avoidance and must comply with applicable regulations.

Real Estate Holding

RAK offshore companies can own real estate in RAK and potentially in other locations as permitted by local laws.

Shipping Management

They can be involved in the shipping and management of vessels.

Advisory Services

Businesses can provide consulting services, including financial advice and business planning.

Professional Services

Offshore companies can provide a range of professional services, such as legal, accounting, and management consulting.

Outsourcing

They can act as outsourcing companies, providing services to other organizations.

Financial Services

RAK Offshore is developing a framework for financial services, including funds, including Sharia-compliant investment products, and offshore trusts.

Frequently Asked Questions about Business setup RAK Offshore

Benefits of RAK Offshore:

1. All corporate as well as income taxes exemptions
2. No restrictions on foreign currency, and
3. Profit and capital fully repatriable

Steps to Open A Business in the RAKEZ Free Zone
1. Decide on the Business Activity.

2. RAK free zone permits a wide range of business operations.
3. Register Your Trade Name.
4. Decide Your Company Structure.
5. Apply for the Business Licence.
6. Get Your Business Licence.
7. Rent an Office.
8. Choose a Facility.

Ras Al Khaimah International Company (RAK IC) is one special form of company structure put in the emirate of Ras Al Khaimah, United Arab Emirates. It presents a vast list of business benefits making easier to have it, be tax friendly and the ease of setting up it.

Ras Al Khaimah is one of the seven emirates of the Federation of the United Arab Emirates. Known commonly as RAK, the emirate features its ancient shipbuilding and trade and is ahead in quarrying, manufacturing, and tourism.

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