RAKICC offshore company setup

RAK international corporate centre operates in the Ras Al Khaimah, UAE. Apart from the registry services, it supports the registration and incorporation of international business companies. RAKICC operates in full compliance with the industry best practices and standards. Therefore, they attract innovative businesses to Ras Al Khaimah.

What is an offshore company?

Offshore company is a legal entity that operates outside the registered jurisdiction or place of ownership. It’s similar to an onshore company that exists and operates within the borders of the registered country. This is a tax-efficient and cost-effective option to ensure a global presence.

RAK is a popular location where you can set up an offshore company among many other locations in UAE. Moreover, it’s cost-effective and free from restrictions on permitted activities.

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offshore company formation in dubai

What are the benefits of RAK ICC offshore company setup?

Establishing an offshore company in RAKICC has a lot of benefits! Some of the benefits include,
  • Complete ownership, you don’t need any local shareholders in the RAK international company regulations.
  • Secure business environment, you don’t need to provide the name of company directors or shareholders.
  • Quick business setup process, it just takes one week time to get the license after submitting all the required documents.
  • Share capital, you don’t require any minimum capital for the incorporation process
  • International growth, offshore company act as a foundation to explore new international market opportunities.
  • Quick access to global funding
  • Option to live and work in the same place
  • Free from income tax and corporate tax
  • Easy to maintain your company
  • Physical presence is not required for the company registration process
  • Low cost for renewal

Why business setup in RAKICC?

RAK offers a business-friendly environment with lower operating costs. This significantly reduces operating costs and maximizes ROI

  • In a mainland company, the foreign investor is permitted to hold only 49% of shares and remaining 51% is allocated to an Emirati sponsor or partner. But, RAKICC has no such restrictions; the foreign investors have the full control over their business operations and plan any future ownership disputes.
  • To incorporate a mainland company, you have to pay some sort of amount as a capital or initial deposit. But RAKICC doesn’t require any capital amount to file financial accounts. This removes the associated risk in the opening bank account and attesting the corporate documents.
  • RAKICC has an independent legal system that is different from the federal system. It’s based on the common law system and get access to the common law courts of DIFC and ADGM. There are English language jurisdictions that resolve commercial disputes both local and international corporate cases. This simplifies the disputes and gives peace of mind to clients.
  • Business setup cost in RAK is lower compared to the rest of the UAE, you don’t need to afford the expense of renting office space and more. UAE has the world’s largest tax treaty networks. Therefore, you can get relief from various tax compliance obligations in other countries.

What are the high-risk businesses in RAKICC?

RAKICC allows almost any business activities except the below given high-risk businesses,
  • Gambling
  • Lending service
  • Cryptocurrencies
  • Trusts
  • Gold and diamond trade
  • Trade of petroleum and crude oil
  • Mining
  • NGOs

What are the high risk businesses in RAKICC?

RAKICC business setup involves three steps, they are
  • Submit all the necessary documents like business documents and applications to the concerned government authorities.
  • Register business and get a trade license based on your business activity
  • Pay the required amount and get approval from all the concerned legal authorities.
Usually, the business setup process takes around 5 to 7 working days if all the documents are perfect enough to proceed. When you have got the confirmation from RAKICC authority, you can open a bank account in the UAE.

Why choose the best business setup consultants in the UAE?

RAKICC is one of the best offshore business setup options in the UAE that perfectly fits your plan and requirements on company formation. If you’re looking for a business setup in RAKICC, it offers some amazing packages and innovative facilities for entrepreneurs. However, entrepreneurs need expert assistance to set up their business in the RAKICC. SetUpACompany.ae offers one of the best business setup services in the UAE.
We ensure quick services to small businesses, start-ups, investors, entrepreneurs, and corporate entities. We take care of all the legal requirements like visa processing, documents drafting, bank account opening, accounting, and auditing services.

We have built an enduring relationship with key government bodies and ensure direct access with a team of experts in each department. We streamline the entire business setup process and accelerate the application to deliver outstanding results both in company formation and future maintenance of the license.

Starting a new business can be exciting, so if you’re new to RAKICC, we help investors to establish their business. We can assist you throughout the business setup process and make it hassle-free.

For more details, get in touch.

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