Nil or Low Corporate Tax
Business confidentiality
Minimum Reporting
World-class Banking Infrastructure
Free Re-domiciliation
Company Type |
International Business Company (IBC) |
---|---|
Confidentiality |
There are no company officers for registry hence no name is disclosed upon company formation |
Accounting requirements |
Not mandatory |
Corporate Taxation |
The companies in RAK is exempt from any form of taxation or withholding taxes in the UAE |
Ownership |
100% foreign ownership is allowed |
Minimum Directors and Shareholders |
Minimum one director/shareholder |
The requirement to appoint an auditor |
No |
The requirement to file accounts |
No |
Consultants
Custody of Real Estate
General Trading Company
Professional Services
Holding Firm
Trading
Commission Agencies
International Investments
Minimum capital is not required for incorporating an offshore company in RAK
Yes. One corporate secretary is mandatory. The director of the company can also be the secretary
RAK Offshore Company must maintain a local registered representative approved by the local authorities and a local registered office, which is usually given by the registered agent
With the help of BSW, it usually takes 1-2 working days
The companies are regulated under RAK Offshore Regulations 2006.
*Duration is subject to the constraints of the due diligence procedure.
**The required documents must be provided for every individual related to the company.
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