Highly Developed And Well-Regulated Financial Sector
RAKICC, a government-owned corporate registration center in Ras Al Khaimah, UAE, is responsible for registering RAK offshore companies. It is highly regarded in the offshore company setup industry and is ranked among the top jurisdictions globally, alongside BVI, Jersey, and the Cayman Islands. RAKICC offers efficient legislation for establishing and managing offshore and international business companies, making it a preferred choice for many businesses seeking offshore company formation.
Advantages of RAK Offshore Company Formation
01
Open a bank account in the name of the RAK offshore company.
02
Own real properties in Ras Al Khaimah and Dubai through a RAK offshore company.
03
RAK offshore company allows 100% foreign ownership.
04
RAK offshore company can own shares in a mainland company or a free zone company in the UAE.
05
RAK offshore company offers Zero taxes.
06
Establish subsidiary with RAK Economic Zone.
Documents required for RAK Company Formation
For RAK offshore company formation, you'll need to provide several documents. These include the application form, proof of identity (such as passports) for all shareholders, directors, and the appointed secretary, as well as proof of address for these individuals. A bank reference letter confirming the shareholders' account details and good standing is also required.
Additionally, you'll need to submit a detailed business plan, the Memorandum and Articles of Association outlining the company's structure and activities, a board resolution authorizing the company's formation, and a power of attorney if applicable. A declaration of trust and a no-objection certificate (NOC) from local authorities in the shareholder's country of residence may also be necessary.
