Characteristics of the Offshore Company Formation in RAK
|
Company Type |
International Business Company (IBC) |
|---|---|
|
Confidentiality |
There are no company officers for the 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 |
RAK Offshore Company Setup Advantages
Nil or Low Corporate Tax
Business confidentiality
Minimum Reporting
World-class Banking Infrastructure
Free Re-domiciliation
Offshore Company RAK Registration is Ideal for
Consultants
Custody of Real Estate
General Trading Company
Professional Services
Holding Firm
Trading
Commission Agencies
International Investments
Easy Steps to Register Your Company
Fill an Application Form
Upload your Documents
Signing of the Documents
Additional Services such as Bank account
Company Kit Dispatch
Documents Required to Register RAK Offshore Company**
- Passport copy
- Utility bill (telephone/mobile/water/electricity) or bank reference letter (issued within 3 months from today)
Offshore Banking Partners
FAQs
What is the minimum capital requirement for a RAK offshore company?
Minimum capital is not required for incorporating an offshore company in RAK
Does the RAK offshore company need a corporate secretary?
Yes. One corporate secretary is mandatory. The director of the company can also be the secretary
What should be the registered address of the RAK Offshore Business?
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
How long it takes to start a RAK Offshore company?
With the help of BSW, it usually takes 1-2 working days
What is Governing corporate legislation?
The companies are regulated under RAK Offshore Regulations 2006.
