RAK Offshore

Ras Al Khaimah is a constitutional federation of 7 emirates located on the Arabian Peninsula’s south-eastern edge. RAK company formation has grown in popularity among entrepreneurs due to its convenient locations and some of the most beautiful settlements.

A secure and economical choice is to register a RAK offshore corporation. Not only that, but every offshore business in the UAE benefits from tax exemptions, 100% foreign ownership, and many other benefits, making Ras Al Khaimah an attractive place for offshore company formation. Moreover, the location has so many other features and regulations that must be considered.

• RAK offshore enables businesses to have a single shareholder who does not need to be physically present.
• A businessman can have complete banking security and privacy with RAK offshore company formation.
• The quickest way to invest in UAE offshore businesses is through RAK Offshore.
• The RAK Offshore Regulations 2006 govern RAK offshore companies, and the governing body is the Ras Al Khaimah Investment Authority (RAKIA).
• Compared to Ajman or JAFZA, the cost of establishing an offshore business in RAK is significantly lower.

The aforementioned arguments demonstrate why Ras Al Khaimah is without a doubt among the greatest offshore places to launch your company. They permit a number of activities both within and outside the United Arab Emirates.

Ras Al Khaimah is undoubtedly one of the best offshore locations to start your business journey, and the above-mentioned points prove this statement. They allow several activities both inside and outside the UAE.

You can engage in the following activities as an offshore business in the United Arab Emirates.

• Possession of assets
• Having real estate
• Keeping a bank account

The following are some of the primary activities that a RAK offshore company may engage in.

• Advisory or consulting services
• Possessing a holding company
• Internal business services
• Services pertaining to shipping
• Expert services
• Having real estate
• Trading in general

Note: Although RAK permits a number of activities, a RAK business company should not volunteer in two sectors. They are finance and insurance.

Here a list of the documents and applications required for your offshore company registration in RAK:

Documents for a Single-Shareholder Company

• Copies of your notarized passport
• The company’s bank statement for the previous six months
• The offshore company’s shareholder’s curriculum vitae (CV)
• Proof of residency, such as an original municipality certificate or utility bill
• An original bank reference letter sent to the RAK Offshore Authority

Documents for Company with Multiple Shareholders

• The company’s certificate of incumbency (which includes the names of the directors and shareholders)
• A photocopy of the applicant company’s attested business license or incorporation certificate
• Certificate of Good Standing, sometimes referred to as the company’s Certificate of Existence
• During the registration process, the authorities might ask for more documents.
• Copies of each director’s passport and the shareholders’ attested memorandum of association
• Resolution of shareholders (attested)

Note:The aforementioned documents are necessary until the very end to identify the original beneficiary owner if the business is owned by another company.

It will take one day to register your RAK offshore business if all the documentation requirements are fulfilled. This is the detailed process for registering: Prior to all of this, remember the requirements for establishing an offshore business in RAK.

You should first familiarize yourself with the company’s name and operations. There are rules when it comes to business names, and following them is required.

To obtain your license and approval, sign all incorporation documents and send them to the Registrar at RAKIA, RAK Offshore’s regulatory body.

Pay the registration costs and additional costs associated with incorporation. The money can be transferred, paid in cash, or paid online.

Your company is now prepared. Before you can begin operations, you must first establish your corporate bank account.

RAK offshore company formation has one important requirement from RAKIA: every RAK offshore company should have a registered agent who is approved by the authority, and here’s where Commitbiz comes into the picture.

We have the local knowledge and expertise to guide and take care of your offshore company registration in the UAE. We give you the best options available and guarantee a simple, economical business setup.

Contact us, and we’ll take care of your registration while you chart your company vision.