RAK International Corporate Center (RAKICC) RAK Offshore is a corporate registration local entity in Ras Al Khaimah, one of the emirates of the United Arab Emirates. RAKICC is the only unit that helps with setting up offshore companies as well as international businesses.
RAKICC is one of the best and high-ranked registries for offshore companies set up in the world. They establish:
International businesses outside the UAE
Provide asset protection
Help with tax planning and bank set ups
Act as holding companies
Why Set Up an Offshore company with Ras Al Khaimah Offshore
100% foreign ownership
Zero income and corporate taxes
No office or audit requirements
One of the established offshore registries in the world
Supports various currencies and bank accounts
Easy international operations
Asset protection
Highly stable jurisdiction
Activities supported in Ras Al Khaimah Offshore
Real estate and property owning
Holding assets
General trading
Consulting
Corporate bank account opening in UAE
Holding the shares in other company
Set Up a Business in Ras Al Khaimah Offshore
Benefits of setting up a company in Ras al Khaimah Offshore
RAKICC (RAK Offshore) is one of the cost-effective free zone to register an offshore company in UAE and other offshore jurisdictions.
Paid-up capital is 0 for RAK Offshore companies but authorities offer AED 10,000 capital in the documents which can be increased by depositing funds against the share value.
Companies established in RAK Offshore can enjoy a 100% tax-free environment and annual auditing is not required for the renewal of the company.
RAKICC (RAK Offshore) companies can be formed with one person as a director and shareholder. Unlike other offshore where two directors are mandatory to establish an offshore company.
Information about RAK Offshore companies is highly confidential with the authority and companies not listed in the domain.
For any kind of dispute between the shareholders or directors, an appeal can be filed with DIFC, RAK Court. The court has to be registered at the time of offshore company registration.
RAKICC companies must be registered under RAKICC registered agents. These agents are the lawyers and corporate services providers.
The best way to find a registered agent is to communicate and exchange emails rather than paying them on the website. Offshore company registration is easy to process but getting a bank account can be challenging. At UAE Company Registration we consider bank accounts to be one of the company’s most important assets, therefore we make sure our client is getting a bank account with a dedicated and trusted relationship manager from the bank.
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