Why RAK offshore company formation
Single or multiple directors – physical or corporate
One or many directors – physical or corporate
No paid-up share capital
No requirement for accounting and audit
No citizenship and residency limitations
No currency control
Companies can do business outside of the UAE
Bank accounts in Dubai, UAE and abroad
No time zone restrictions
No limitations on the capital expatriation
Registered address in the UAE – Agent’s address
About RAK Offshore company
RAK offshore is the first center in the Middle East that offers International Business Companies (IBC) registration. RAK offshore keeps customers’ safety and confidentiality as the top priority.
UAE in general and RAK in particular is a politically stable place with rapidly-developing economy.
Offshore companies incorporated in RAK are very flexible global instruments that can serve different objectives: trading, asset protection, tax planning, real estate holding, inheritance planning, trusts or funds.
Identity of RAK offshore companies’ shareholders is kept confidential by law.
Companies require minimum capital and just one director and shareholder, who can be the same person.
UAE has Double Taxation Avoidance Agreements (DTAA’s) with several countries, nowadays more than 40.
Want to open UAE RAK Offshore company?
Get reasonable price and excellent service for UAE offshore incorporation
What is included into the price
- Registered Agent
- Registered Address
- Secretarial maintenance of your company
- Government fees
- Agent’s service fees
- Certificate of Incorporation
- Two original copes of Memorandum and Articles of Association
- Share certificate
- The Register of Directors
- Shares Register
- Appointment of Director and Secretary
- Company seal
Process of your offshore company registration
The registration of a RAK Offshore international comapny takes about 1 week.
Simple and Fast
Required documents from you
- Your passport copy
- Visa or entry stamp to the UAE (if applicable)
- Your residential address
- Valid phone number and e-mail
- Proof of address – latest utility bill
Frequently Asked Questions
What is a tax-free jurisdiction?
It’s a jurisdiction where taxes are levied at a low rate or do not apply at all. Different jurisdictions can be havens for varioust types of taxes. Sovereign countries have all the powers to enact any tax rules affecting their territories. International businesses or offshore companies can be incorporated in tax-free jurisdictions to ease the management and to reduce taxes.
How does offshore protect assets?
Assets can be owned by offshore company instead of an individual. The company can be placed in trust or foundation, for instance.
How Offshore protect confidentiality?
Offshore companies can have nominee directors. Besides, tax-free jurisdictions such as RAK keep the names of directors and shareholders off public record.
Are there any taxes to be paid by RAK offshore company?
No. RAK offshore companies don’t pay taxes on profit and capital gains. They don’t pay value-added tax or withholding tax.