RAS AL KHAIMAH OFFSHORE COMPANY FORMATION
Ras Al Khaimah Offshore Company Formation is an attractive option for businesses looking to expand their operations in the UAE and beyond. The process of forming an offshore company in RAK involves choosing a registered agent, choosing a company name, submitting the application, obtaining the license, opening a bank account, and registering for VAT (if applicable). By forming an offshore company in RAK, businesses can benefit from 100% foreign ownership, no corporate or personal income tax, and easy access to world-class infrastructure and logistics facilities.
What is a Ras Al Khaimah Offshore Company?
A Ras Al Khaimah (RAK) Offshore Company is a legal entity that is registered in the Ras Al Khaimah International Corporate Centre (RAKICC), which is one of the offshore jurisdictions in the UAE. These companies are commonly used for international trading, investment holding, and asset protection purposes.
Benefits of a Ras Al Khaimah Offshore Company
- 100% foreign ownership
- No corporate or personal income tax
- No requirement to maintain physical office space in RAK
- No requirement to hire local employees
- Access to world-class infrastructure and logistics facilities
- Easy repatriation of profits and capital
- Confidentiality and privacy
Types of Business License that start Ras Al Khaimah offshore companies in Dubai
Ras Al Khaimah (RAK) offshore company formation provides various business license options, allowing companies to engage in specific activities. Here are five major types of business licenses available for offshore companies in Ras Al Khaimah:
- Consultancy License: This license is suitable for businesses providing consultancy and advisory services. It allows companies to offer expert advice in various fields such as management, finance, and legal matters on an international scale.
- Holding License: The holding license is designed for companies that primarily hold and manage investments in other companies and assets. It’s an ideal option for those focused on investment and asset management activities.
- General Trading License: A general trading license permits companies to engage in a broad range of trading activities, facilitating the import and export of goods internationally. It offers flexibility for companies involved in diverse trading operations.
- Real Estate License: Companies interested in engaging in real estate activities, such as buying, selling, and leasing properties on an international level, can obtain a real estate license. It enables offshore entities to manage real estate assets efficiently.
- Shipping License: A shipping license is suitable for companies involved in shipping and maritime activities. It allows offshore entities to participate in the maritime industry, including ship management, chartering, and related services.
Services
Ras Al Khaimah Offshore Company Formation Process
Choose a registered agent
Choose a company name
Submit the application
Obtain the license
Open a bank account
Register for VAT
Required Documents for Ras Al Khaimah Offshore Company Formation
The following are the documents required for the formation of a RAK Offshore Company:
The application form should be completed and signed by the shareholder or their authorized representative.
The MAA is a legal document that outlines the company’s purpose, structure, and rules for operation.
The shareholder(s) and director(s) of the company must provide a copy of their passport, UAE residence visa, and Emirates ID
The shareholder(s) and director(s) of the company must provide a recent utility bill or bank statement as proof of address.
The shareholder(s) and director(s) of the company must provide a bank reference letter from their bank.
The shareholder(s) must appoint a registered agent who will act as a liaison between the company and the RAKICC.
The shareholder(s) must provide a board resolution authorizing the formation of the company.
The shareholder(s) must provide a power of attorney if they are appointing a representative to act on their behalf.
The shareholder(s) must provide a signed declaration stating that they will comply with the laws and regulations of the RAKICC.
Get Your Offshore Business setup with Justprobiz
JustProBiz Documents Clearing Services specializes in guiding you through the seamless process of starting a business in Ras Al Khaimah Offshore. Our expert services ensure compliance, efficiency, and a smooth transition, empowering you to focus on your business goals. Let JustProBiz be your trusted partner in unlocking the limitless possibilities of the vibrant Ras Al Khaimah offshore landscape.
Book your Free consultation today, Contact us now!