RAK Offshore Company Formation - Best Business Setup in RAK
SKWER GROUP

Why Setup a Company in RAK with RAK IC ?

Ras Al Khaimah (RAK), one of seven independent federal Emirates that make up the United Arab Emirates (UAE), offers attractive opportunities for those seeking to establish an offshore company or International Company (IC).

RAK remains a premier investment authority, giving potential investors, individuals and companies numerous benefits and arrangements in setting up an RAK offshore company.  Also, all International Companies are governed by the International Companies Regulations 2006. The country has never been blacklisted by the EU and has good standing with all high-tax jurisdictions such in the US and EU and maintains good banking relations with correspondent banks.

Also referred to as a Non-resident Company, International Business Company and International Business Corporation, the RAK IC remains the most popular option for non-residents seeking to establish a presence in the Middle Eastern region, asset protection, confidentiality of financial accounts and to benefit from tax free schemes.

RAK Offshore Company Formation offers investors and foreign companies a political stable environment, financial solidity with minimal financial risk (Moody’s credit rating of Aa3), with next to zero crime, in a strategic region that connects itself with regional markets, while also providing a critical link between the East and the West.

RAK IC Company Formation Package

BASIC

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US$2200

PLUS

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US$2720

PREMIUM

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US$3010

Main Characteristics of a RAK Offshore Company Formation (RAK IC)

CharacteristicDescription
Company Type International Business Company (IBC)
Governing corporate legislation RAK International Corporate Centre (RAK IC) is a Corporate Registry operating in Ras Al Khaimah, United Arab Emirates.
Information published relating to company officersThere is no public register of company officers. However, the particulars of the company structure are registered and must be maintained up to date with RAK ICC.
ConfidentialityThe UAE implemented many legislations to protect the data and the privacy of the persons and the companies.
Accounting requirementNo accounting filing requirements.
However, the company must maintain its underlying documentation, including accounting records, for a minimum of 5 years, as prescribed by Regulation 101 – 107 of the RAK ICC Business Companies Regulations 2018 and Federal requirements.
Corporate TaxationNA Ras Al-Khaimah IBC is exempt from any form of taxation and withholding taxes in the United Arab Emirates.
While the company may not be liable to pay taxes, please consult with a tax/legal advisor in your country of residence, to determine your own tax liability.
LegislationModern offshore legislation.
Ownership100% foreign ownership is allowed, no requirement to have a local partner.
CommunicationEfficient communication means.
Time zoneConvenient world time zone: GMT+4
Paid up capital requirementNo paid up capital requirement. The standard share capital is AED 10,000 but can be amended to fit your requirements.
Renewal DateAnniversary date of the company / Each Year
Basis of legal SystemUAE Law.
Minimum directors/shareholdersMinimum of 1 director/shareholder.
LLC - No
Bearer sharesBearer shares are not permitted.
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Scope of Services

* International Business Company (IBC)

Services and Documents Provided (Company Formation Service Fee)Status
Certificate of IncorporationYes
Memorandum & Articles of AssociationYes
Share CertificatesYes
Register of DirectorsYes
Shares RegisterYes
Appointment of Director and SecretaryYes
Documents will be sent by courier at no extra costYes
Company Name Check and ReservationYes
Documentation Preparation and Legal LiaisonYes
Administration and Registered Agent – 1 yearYes
Local Business Registered Address– 1 yearYes
Certificate of Incorporation (Government Fee)Status
Submission of application to the GovernmentYes
Payment for Government Fee requiredYes

RAK IC Offshore Company Registration is ideal for?

Financial Management

International Investment

Holding Company

General Trading

Ship and Property Ownership

Commercial Trade Activities

Commission Agents Companies

Consulting and Advisory Services

What are the required documents for the RAK IC Offshore Company Formation ?

RAK IC Offshore Company Starting from $ 2200

Order Your Company Online and Get Immediate Confirmation

Frequently Asked Questions – RAK IC Offshore Company Formation

Offshore or non-resident companies are described as companies that conduct an insubstantial or zero volume of business within their jurisdiction of incorporation.

Some of the advantages of holding an RAK Offshore International Company (IC) in the UAE include:

  • Asset protection
  • Confidentiality
  • Tax planning
  • International visibility and exposure
  • Zero exchange controls
  • No double tax agreements
  • No restrictions on profit transfer
  • No restrictions on capital repatriation
  • No signed treatise that enables a foreign exchange of information
  • UAE is not on any ‘blacklist’ for tax havens

The UAE and RAK offshore companies offer political and economic stability of the jurisdiction through:

  • Modern and flexible legislative framework
  • Simple incorporation and filing requirements
  • Double Taxation Avoidance Agreements (DTAA)

State of the art banking and telecommunication facilities

Of the many attractive advantages in setting up a RAK offshore company formation are the numerous tax benefits accrued through incorporating within the jurisdiction of the UAE.

These tax benefits include:

  • Zero personal income tax
  • Zero corporate tax
  • No capital gains tax
  • No sales tax
  • No withholding tax
  • No value added tax
  • No import of export tax
  • 100% capital and profit repatriation
  • 100% ownership in Free Zones
  • Sixty one double taxation agreements and thirty two bilateral investment treaties are in place

The only companies required to pay taxes are oil, gas and petrochemical companies and branch offices of foreign banks.  

There are no requirements to file accounts or to have accounts audited. Public filing is limited to certificate of incorporation, memorandum and articles of association, registered office and name and address of registered agent.

A RAK IC is allowed to have nominee directors and shareholders to give another layer of anonymity, the details of which are not part of public record. A RAK ICC is protected from any expropriation orders by any foreign governments. Additionally, any changes of directors or shareholders are not required by Registry.

Yes. Absolutely! The entire process to open a bank account for RAK offshore company formation can be done remotely.

Skwer Group have more than 35 years combined experience in offshore company formation, our global network of registered agent based in more than 20 major jurisdictions, allow us to offer our clients the best services at a very competitive price.

Each client receives a tailor-made service, aligned with the latest jurisdiction laws. In addition, we also provide related services such as bank account opening and accounting services.

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Business Setup in UAE

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Start Your Dream Business Today.

Business Setup in UAE

Let's Make your Dream Business a Reality!

Get a free consultation with one of our Experts and find out all the information you need .

Please complete the form and we’ll get back to you within 24 hours!

By submitting this form, you agree to the Terms and Privacy Policy of Skwer Group. I consent to Skwer Group collecting my name, email address and phone number and contacting me either by the email address or phone number supplied.

Start Your Dream Business in UAE.

Business Setup in UAE

Let's Make your Dream Business a Reality!

Get a free consultation with one of our Company Formation Specialists and find out all the information you need about starting your own company in the UAE.

We will reply to you within 24 working hours!

By submitting this form, you agree to the Terms and Privacy Policy of Skwer Group. I consent to Skwer Group collecting my name, email address and phone number and contacting me either by the email address or phone number supplied.