Ingenious Corporate Services – Company Set-up in Dubai, United Arab Emirates
Ras Al Khaimah Offshore Business Setup in UAE (RAK ICC)
It’s the “Tax Haven” title that makes the United Arab Emirates what it is – an ideal destination for business. But if you think that tax havens mean no taxes at all. Then sorry to disappoint you. Broadly, the term is also used for nations with the lowest taxes in the world. And the United Arab Emirates is one of them now. Especially after implementing VAT and Federal Corporate Tax of late. But the good news is that the country doesn’t levy any personal income tax on any person or entity. Plus, the free zone businesses are usually exempted from corporate tax as long as they do not trade with the UAE mainland and follow other UAE guidelines. Therefore, if you want to start an offshore company in UAE, the country is a utopia. The page is dedicated to those who wish to establish an offshore company in RAK ICC (Ras Al Khaimah).
Types of Companies with RAK ICC
- Companies Limited by Shares
- Companies Limited by Guarantee
- Restricted Purposes Company
- Segregated Portfolio Company
- Unlimited Company
What are the RAK Offshore Company Formation Steps
The process of registering an offshore company in RAK involves the following three steps:
Reach out to a registered agent in the UAE
All offshore jurisdictions mandate international entities (non-UAE resident companies) to have an address within the country for offshore company registration.
Complete the Paperwork
There is a specific checklist of required documents that can be downloaded from here. Organize all the offshore company formation documents as per the free zone guidelines.
Acquire the certificate of incorporation
Once you have all the documents ready, submit them along with the application to RAK ICC authority for review. If all the documents presented are error-free and have no discrepancy, you will receive your certificate of incorporation to proceed ith your offshore business in UAE.
Reach out to a registered agent in the UAE
All offshore jurisdictions mandate international entities (non-UAE resident companies) to have an address within the country for offshore company registration.
Complete the Paperwork
There is a specific checklist of required documents that can be downloaded from here. Organize all the offshore company formation documents as per the free zone guidelines.
Acquire the certificate of incorporation
Once you have all the documents ready, submit them along with the application to RAK ICC authority for review. If all the documents presented are error-free and have no discrepancy, you will receive your certificate of incorporation to proceed ith your offshore business in UAE.
Ras Al Khaimah Offshore Company Formation in UAE
The Emirate of Ras Al Khaimah is one of the seven Emirates that the United Arab Emirates is home to with autonomous federal and local governments. Tucked around an hour’s drive from Dubai, Ras Al Khaimah is the 6th most populous city in the UAE and is admired for its unprecedented nature, leisure, adventure, and authentic offerings. Ras Al Khaimah houses the Ras Al Khaimah Economic Zone (RAKEZ), which helps connect investors and international markets. It operates an online client portal called Portal 360. The zone services businesses ranging from freelancers to SMEs and start-ups across 50 industries. RAKEZ is divided into six dedicated zones, viz.:
Al Ghail Industrial Zone
Al Hamra Industrial Zone
RAKEZ Academic Zone
Al Hulaila Industrial Zone
Al Nakheel Business Zone
Al Hamra Business Zone
It was September 2006 when the Ras Al Khaimah government presented the International Company structure – the RAK Offshore Company, regulated under the Ras Al Khaimah Free Trade Zone Authority International Companies Regulations 2006.
Ras Al Khaimah Offshore Company Formation in UAE
The Emirate of Ras Al Khaimah is one of the seven Emirates that the United Arab Emirates is home to with autonomous federal and local governments. Tucked around an hour’s drive from Dubai, Ras Al Khaimah is the 6th most populous city in the UAE and is admired for its unprecedented nature, leisure, adventure, and authentic offerings. Ras Al Khaimah houses the Ras Al Khaimah Economic Zone (RAKEZ), which helps connect investors and international markets. It operates an online client portal called Portal 360. The zone services businesses ranging from freelancers to SMEs and start-ups across 50 industries. RAKEZ is divided into six dedicated zones, viz.:
Al Ghail Industrial Zone
Al Hamra Industrial Zone
RAKEZ Academic Zone
Al Hulaila Industrial Zone
Al Nakheel Business Zone
Al Hamra Business Zone
It was September 2006 when the Ras Al Khaimah government presented the International Company structure – the RAK Offshore Company, regulated under the Ras Al Khaimah Free Trade Zone Authority International Companies Regulations 2006.
Why should I choose RAK ICC for offshore company setup in the UAE?
The Emirate of Ras Al Khaimah has built its reputation on a business-friendly investment environment and competitive cost of launching and operating companies. But this is not it. Most foreign business persons look to RAK for offshore business setup because the Emirate:
- Is one of the fastest-growing of the seven Emirates in the UAE
- Is strategically positioned close to several major routes between Asia and Europe
- Boasts dozens of sophisticated and luxurious resorts and spas, offering a world-class experience
- Has steadily grown and gained credibility as an alluring hub for business with a dynamic and diversified economy
- Offers growth opportunities in all sectors of trade, including the provision of professional services
- Has a solid logistics system which is supported by five seaports and an international airport, led by Saqr Port, which is the largest bulk port in the Middle East
- Is known for the highest level of industrialization in the UAE, with manufacturing at 26% of the GDP
- Has a reputation for building a business-friendly investment environment and competitive costs. The cost of doing business in RAK is 25 to 50% lower than the UAE average, enabling companies to maximize their return on investment.
- Permits 100% foreign ownership in offshore business in UAE
- Puts no restrictions on the number of shareholders
- Allows Corporate Director for the offshore business structure
- Doesn’t mandate having an office to operate an offshore business from the UAE
- Is cost-efficient when it comes to business registration in the UAE and offshore business license renewal fees
- Doesn’t mandate offshore businesses in UAE to file financial accounts
- Doesn’t put any minimum capital requirements
- Issues constitutional documents in dual languages for offshore company formation in UAE
Advantageous Legal Features
Legal components are also attractive when you set up an offshore company in Ras Al Khaimah.
- No restriction on capital repatriation
- Common law regulations with access to DIFC and ADGM courts
- Different classes of shares and the ability to register the share pledge
- Migration or Continuance of Existing Corporate Entities from various jurisdictions
- Variety of legal structures and different products available for different usages
Click here
To Be Precise…
To have a Zoom meeting with your RAK Offshore Company Registration Agent in Dubai, UAE, for expert guidance.
Click here
To Be Precise…
To have a Zoom meeting with your RAK Offshore Company Registration Agent in Dubai, UAE, for expert guidance.
Get in Touch
Contact Us
Get in Touch
Contact Us
Our Blog
Mainland Company Formation in Dubai, UAE
Businesses can do wonders when they operate like a free bird! You want maximum freedom and flexibility to run your business.
Offshore Company Setup in UAE
A cartload of opportunities, high-quality life, business-friendly policies, a wide range of cultural and economic variations, world-class roads, air and sea connections.
Free Zone Company Formation in Dubai, UAE
The United Arab Emirates, particularly Dubai, is world-renowned for its lucrative business landscape.
Golden Visa , UAE
We all have a thing for gold, whether it’s a piece of bling or a piece of paper printed with a visa. From the latter, we mean UAE Golden visa.
Enhance Profitability by Outsourcing PRO Services in the UAE with INGENIOUS
INGENIOUS can be the key to streamlining your business operations, reducing costs, and allowing your team to focus on core business activities.
Registration of a Beauty Salon or Barber Shop in Dubai
Are you passionate about enhancing people's appearance? Discover how you can legally pursue your passion by establishing a beauty salon in Dubai, UAE.
Ingenious Corporate Services Client Reviews
Here's what our clients think about our company formation services.
Ingenious Corporate Services Client Reviews
Here's what our clients think about our company formation services.