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RAK offshore company formation, also known as RAKICC offshore company setup, is an ideal solution for businesses seeking to establish a presence outside the UAE while benefiting from Ras Al Khaimah’s business-friendly environment. RAK International Corporate Centre (RAKICC), the official corporate registry for Ras Al Khaimah, was established to meet the rising demand for international business licenses in the UAE.
RAKICC focuses on offshore company formation and the management of offshore entities, allowing businesses to operate globally while taking advantage of offshore company formation in RAK.
RAKICC was officially created through Decree No. 12 of 2015, followed by amendments introduced by Decree No. 4 of 2016, consolidating the previous RAK Offshore and RAK International Companies registries. This merger allowed RAKICC to streamline the license and setup process, offering businesses an efficient, cost-effective option for international operations.
Through this consolidation, RAKICC has become a leading destination for RAK offshore company formation, offering various services to businesses looking to expand globally.
RAKICC provides offshore company formation services in RAK with full compliance with international best practices, maintaining high standards of corporate governance and transparency. The RAK offshore company setup process includes incorporating businesses, structuring operations, and providing continuous administrative support.
Investors in RAK offshore company formation enjoy 100% ownership without requiring a local sponsor.
RAKICC offshore company setup benefits from zero corporate tax, income tax, or withholding taxes.
Offshore company formation RAK does not mandate annual financial reporting or audits.
Offshore company formation RAK ensures anonymity, with shareholder and director details kept private.
RAK offshore company formation offers a low-cost incorporation process and minimal annual maintenance expenses.
RAKICC offshore company setup enables asset holding, intellectual property management, and global trading.
Offshore companies in RAKICC can easily open UAE and international corporate bank accounts.
RAK offshore company formation is completed within days through a simple and efficient process.
Offers a strong legal framework for asset protection and engaging in effective wealth management strategies.
Adherence to global compliance standards boosts the credibility of Offshore Company Formation RAK.
Do not require a physical office presence in the UAE, can maintain a virtual office.
The international recognition of JAFZA offshore license allows offshore companies to leverage international trade opportunities effectively.
Allows companies to engage in international trading of goods and products, however, not allowed to trade within the UAE market directly.
Designed for entities that wish to hold assets, such as shares in other companies, real estate, or intellectual property.
Allows offshore companies to provide consultancy, advisory, or professional services internationally, excluding the UAE market.
RAK offshore company formation allows companies to hold trademarks, patents, and copyrights
Acts as holding vehicles for investments and joint ventures, facilitating global partnerships and investment management.
For offshore companies wishing to own and manage real estate internationally, excluding properties within the UAE unless approved in designated areas.
Allows the formation of Special Purpose Vehicles, typically used for risk management, asset protection, and financial structuring.
Offshore Company Formation RAK supports high-net-worth asset management and succession planning.
Engage a consultant for guidance on RAK offshore company formation.
Takes 1 to 3 days
Gather documents as per RAKICC offshore company setup guidelines.
Takes 3 to 5 days
Submit the completed application, the process includes reserving the company name, submitting personal details of the shareholders and directors, and filing the Memorandum and Article of Association (MOA/AOA).
Takes 2 to 3 days
RAKICC conducts due diligence, reviews the proposed company name and activities, ensures all documents are in order, and the company structure aligns with the UAE offshore regulations.
Takes 5 to 7 days
Settle license and service fees for RAK offshore company formation.
Takes 1 to 2 days
RAKICC issues the Certificate of Incorporation, share certificates, and other key documents, completing official registration and allowing operations.
Takes 2 to 3 days
Open a corporate bank account to facilitate business transactions.
Takes 5 to 10 days
Required documents vary based on the legal structure of the business: Individual Shareholder and Corporate Shareholder.
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