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Effortless setup process of Ras-al-Khaimah Offshore Company:

Ras al Khaimah: Offshore companies are an attractive and relatively inexpensive structure (compared to other types of legal entities available in the UAE) for foreign investors looking to form entities for the purposes of holding capital or assets within and outside the UAE or conducting business outside of it.

An offshore company differs significantly from a free zone company in how it conducts business. An offshore company is a legal entity formed for the purpose of conducting business outside the country in which it is incorporated and/or the location of its ultimate ownership.

Panoramic view of a distinctive, curved high-rise building on the coastline at dusk, symbolizing RAK offshore company presence in Dubai. This architectural marvel, illuminated against the evening sky, represents the allure and potential of offshore company formation in Dubai, emphasizing the strategic importance of Ras Al Khaimah and RAK companies in the region's economic landscape.

Offshore companies in the UAE are generally not subject to corporate income tax; They provide business flexibility and anonymity at a relatively lower cost (for example, offshore businesses are not required to maintain office space; they also provide asset protection for properties purchased in the UAE).

Establishment Of Ras Al Khaimah Marine Company:

UAE company Ras -al- Khaimah Offshore company is an inexpensive, cost effective and well known company in the region. When it comes to international business, Ras Al Khaimah is the most cost-effective offshore company in UAE and the most accessible alternative because the RAK offshore company registration process is quick and straightforward.

Offshore companies in Ras Al Khaimah do not have a physical office in Ras Al Khaimah and are not permitted to conduct business in the UAE. However, they can enjoy full tax exemption and full access to company profits while maintaining full privacy, confidentiality and protection of assets and information. A registered agent is required to register an offshore company in Ras Al Khaimah, and his office may be the registered office of the company.

Choose to establish a RAK offshore company to take advantage of the business-friendly regulatory framework, tax breaks, confidentiality, and other benefits that this special economic zone offers. Company formation in Dubai  is ready to assist your cause by providing a range of skilled services tailored to meet your specific requirements. Our distinguished track record places us among the best names in the specialty sector.

Aspects Of The Formation Of Ras Al Khaimah Marine Company:

  • The incorporation process takes place quickly.
  • There is no need for a local office or workers.
  • The company is entirely foreign-owned.
  • There is no tax or VAT.
  • There are no import or export duties.
  • There is no requirement to submit accounts.
  • Excellent reputation for stable jurisdiction.
  • Maximum privacy and confidentiality, as well as protection of assets and information.
  • There are no currency limits.
  • Own real estate in the United Arab Emirates.
  • Non-residents can own real estate in free zones in the UAE.

Documents Required To Establish A Ras Al Khaimah Offshore Company:

  • A copy of the shareholder/investor’s passport.
  • Investor CV.
  • Utility bill to verify address.
  • Brand names are also preferred.

Legislation Regulating The Establishment Of Ras Al Khaimah Marine Company:

The RAK ICC Registry of Companies was established by Decree No. 12 of 2015, which was later updated by Decree No. 4 of 2016. RAK International Companies (formerly a component of the Ras Al Khaimah Free Trade Zone) and RAK Offshore (formerly part of the Ras Al Khaimah Free Trade Zone) were merged From the Ras Al Khaimah Investment Authority) to form the new register. Offshore company incorporation in Ras Al Khaimah is subject to the ICC Ras Al Khaimah Business Companies Regulations 2018 for Investors and the ICC Ras Al Khaimah Registered Agents Regulations 2018 for UAE Registered Agents.

  1. Shareholders:
  • To obtain a certificate of incorporation, an offshore company in RAK must have at least one shareholder.
  1. Management:
  • To incorporate a company with RAK ​​ICC, at least one director is required, and company directors are permitted.
  1. Secretary:
  • Every offshore company established with RAK ​​ICC must have a secretary.
  1. Annual Reports and Audits:
  • Every company must keep accounting records for seven years from the date they were prepared.
  1. Time Scale:
  • It will take three business days to register a company in the free zone.
  1. Name and activity restrictions:
  • The name of the offshore company in Ras Al Khaimah must end with the suffix “limited” or “incorporated”.
  1. Local Requirements:
  • A registered office address and registered agent are required under local company legislation for offshore business in Ras Al Khaimah.

The Cost Of Establishing An Offshore Company In Ras Al Khaimah:

The cost of an offshore company in Ras Al Khaimah is always affordable due to the competitive pricing policy of the managing body. The price for setting up a business in RAK ICC starts from 12,000* AED .

Are You Looking To Set Up A Business In Ras Al Khaimah Marine?

RAK International Center is one of the leading corporate registries in the UAE, with high demand for offshore company formation. Foreign investors are encouraged to register offshore companies in Ras Al Khaimah because the ICC Authority of Ras Al Khaimah has innovative legislation and resources to meet ESR requirements. Foreign investors who wish to set up an offshore company must use a registered agent in the UAE, such as the Shura.

Hundreds of companies have benefited from the services of Shura, which has been providing high-quality registered agent services in the UAE for many years. We have successfully established offshore companies in Ras Al Khaimah International Chamber of Commerce, Ajman Offshore, and Jebel Ali Free Zone. As premium registered agents in the UAE, we provide seamless, robust and inexpensive services to all types of investors.

Why choose Company formation in Dubai for Ras-al-Khaimah offshore company establishment?

We specialize in consulting and public relations services for offshore company formation.

We manage every aspect of the documentation process for setting up an Ras-al-Khaimah offshore company, including preparing articles of incorporation, submitting the application form and processing documents. We expertly handle all the paperwork and obtain the necessary approvals from the Ras-al-khaimah free Zone authorities.

 

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