RAK OFFSHORE COMPANY SETUP IN RAS AL KHAIMAH UAE
RAK Offshore Company Setup Services can be done within 45 minutes driving distance from Dubai emirate. A whitelisted jurisdiction with ability to meet Economic Substance Regulations. Zero Tax on Corporate Income, Capital Gain, Dividends, and Interest Income. Transparency & compliance with global standards & regulations whilst maintaining Confidentiality. Common law regulations with the independent judicial system. Fast, easy, and cost-effective registration process. Migration & continuation from various jurisdictions
Flexibility to share capital currency and approach to Memorandum and articles of association. 100% foreign ownership and minimal reporting requirements. Foreign Characters are permitted (e.g. Chinese). International offices and vastly experienced staff. A range of solutions to meet the needs of investors and clients
RAK Offshore Company Setup With Bank Account
RAK Offshore Company Setup in Ras Al Khaimah allows two formats of companies, offshore companies, and onshore companies. RAK Company Formation in UAE is a highly regulated and compliant jurisdiction offering state of the art products.
We are registered agents for RAKICC company formation.
We are creating IBC Companies and Open Offshore Bank Account companies that facilitate business with local companies and avail employment visas subject to rules and regulations of RAK ICC.
The IBC.s incorporated with the Jurisdiction is mostly used for wealth management and assets protection, holding shares in local companies and companies established internationally, holding assets, real properties, open bank accounts at local and international banks.
TYPES OF RAK ICC COMPANIES ARE:
- Company Limited by Shares
- Company Limited by Guarantee
- Restricted Purpose Company
- Segregated Portfolio Company
- Unlimited Company
- Intellectual Property Holding Company
- Premium Product necessitates for ease of doing business in the UAE
- Transfer of Domicile
- Wills & Probate
CORPORATE FEATURES
- 100% foreign ownership
- One day incorporating process
- No restrictions on the number of shareholders
- Corporate Director is permitted
- No office requirement
- No attestation required for corporate documents
- Cost-efficient registration and renewal fees
- No need to file financial accounts
- No requirement for minimum capital
- Constitutional documents can be issued in dual languages
OTHER FEATURES
- Access to a broad range of UAE Double Tax Treaty network
- Ability to open bank accounts locally and internationally
- USD is freely available. Local currency pegged to USD
Re-domiciliation opportunities to meet substance requirements
Many jurisdictions will struggle to meet ESR, and the UAE has an abundant ecosystem of professionals, experts, officials, and resources to meet the economic substance requirements.
LEGAL FEATURES
- Standard law regulations with access to DIFC and ADGM courts
- Variety of traditional structures and different products available for other usages
- No restriction on capital repatriation
- Migration or Continuance of Existing Corporate Entities from various jurisdictions
- Different classes of shares and the ability to register the share pledge
REASONS FOR REDOMICILIATION
- Traditional Offshore jurisdictions are under pressure
due to competition, regulatory issues, and substance. - Finding a viable alternative to jurisdictions traditionally labelled as offshore centers facing extreme scrutiny internationally
- Companies are increasingly concerned with the reputational risks associated with the choice of Jurisdiction
- Urgent need to meet ESR
MAJOR ADVANTAGES
- Companies could maintain existing legal status
- Companies could preserve operational and banking history
- Access to common law courts
- Wills registration to protect the assets and shares
in the name of the company
DOCUMENTS REQUIRED
- Passport copies
- Residence proof
- Promoter profile
- Secretary profile
- Business Plans for a category of companies