RAK Offshore Company Formation
All the assistance you need to set up an RAK Offshore company is available through Supremo Services, known for its high-quality efficiency. We make your journey smoother by guiding you through a simple and efficient process to establish an offshore company in RAK.
UAE Free Zone Company Formation
Supreme Services: Open a RAK Offshore Company
Reasons to consider starting a RAK offshore company:
Suitable for International Trade: Ras Al Khaimah provides easy access to markets in South Asia, Europe, and Africa, making it an ideal location for global trade, as well as for operations in packaging, logistics, shipping, and other related industries.
Complete Privacy: RAK offshore companies offer a protected privacy policy, ensuring that the information about company owners and shareholders is not publicly available in records.
Exemption from State Regulations: RAK offshore companies may be exempt from certain judgments, regulations, or conditions set by the state, providing more freedom for business operations.
Full Ownership: RAK offshore companies allow 100% foreign ownership, giving foreign investors complete authority to conduct business in the UAE.
Global Smart Cities: Ras Al Khaimah is part of the global smart city movement, offering continuous innovation and advanced technologies that add value to the business market.
Ongoing Legal Reforms: The legal framework for RAK offshore companies is efficient, as it is subject to ongoing updates and regulatory reforms.
Infrastructure Growth: Ras Al Khaimah provides extensive infrastructure support for growth, both regionally and in the international trade sector, benefiting businesses that aim for expansion.
Supportive Logistics Services: The Ras Al Khaimah government offers various logistics services to support business operations, making it easier and faster for businesses to engage in global trade.
Consider these factors and many others when starting a RAK offshore company, especially in terms of regional and global strategic positioning.
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Benefits of Registering an Offshore Company in RAK:
Tax Advantages: RAK Offshore companies benefit from low taxes, and sometimes even tax exemptions, which help businesses operate more profitably and efficiently.
International Market Access: RAK Offshore companies have access to global markets, enabling more effective trade activities and taking advantage of the strategic position of the UAE.
Operational Freedom: RAK Offshore companies offer legal advantages for their operations, making them suitable for a wide range of industries and markets.
Corporate Management Ease: RAK Offshore companies provide a simplified corporate management structure, making it easier to manage and control business operations effectively.
Streamlined Processes: Offshore companies in RAK benefit from simpler and quicker processes, with fewer formalities involved.
Market Expansion and Business Growth: RAK Offshore companies offer a gateway to international markets, providing more opportunities for industry expansion and business growth.
Compliance with Standard Laws: RAK Offshore companies operate in compliance with international standards, ensuring efficient execution of business activities within established legal frameworks.
External Investment Opportunities: RAK Offshore companies have access to various lucrative external investment opportunities, fostering substantial growth prospects.
Optimized Business Environment: RAK Offshore companies provide a favorable business environment with minimal economic and legal barriers, facilitating smoother transactions.
Reduced Accounting and Auditing Requirements: RAK Offshore companies have fewer accounting and auditing requirements, helping to reduce additional costs.
Increased Market Recognition: Registering an Offshore company in RAK helps attract international investors, enhancing business credibility and providing significant returns.
Legal Protection: RAK Offshore companies offer strong legal protection, safeguarding foreign investors and their personal assets.
Professional Support: RAK Offshore companies have access to a range of professional services, all provided at competitive and reduced costs.
Offshore Company in Ras Al Khaimah
Process of Offshore Company Formation in Ras Al Khaimah
RAK Offshore Company Registration Process
The process of forming an offshore company in RAK ICC is simple and efficient, making it a preferred destination for foreign investors. Here’s an overview of the registration process:
Company Name Approval: Get approval for your company name and specify the business activities required for the offshore company.
Submission of Application: Submit an application to the RAK ICC Registrar. Ensure all required documents are included as per the Registrar’s instructions.
Authorized Submission: The appointed registered agent of the company must submit the incorporation application. Others are not permitted to submit the application.
Fee Payment: Pay the registration fees and other expenses associated with the process. Payment can be made online, by cash, or through a money transfer as per the Registrar’s guidelines.
Registrar’s Approval: If the Registrar is satisfied that all the requirements for incorporation under the Ordinance have been met, the application will be approved.
Registration of Documents: The Registrar will register the necessary documents and assign a unique number to the company.
Certificate Availability: Upon successful registration, the Registrar will issue a Certificate of Incorporation to the company in a prescribed format.
Bank Account Setup: After receiving the Certificate of Incorporation, a corporate bank account can be opened for the offshore company.
Commencement of Business: Once the corporate bank account is set up, your offshore company can commence its operations.
Corporate Tax Registration: RAK offshore companies are required to register for corporate tax.
Following these steps ensures a simple and efficient process of registering an offshore company in RAK ICC, allowing investors to establish their business presence promptly.
Required Documents for Corporate Shareholders in RAK ICC
The following documents are required to establish an offshore company in Ras Al Khaimah with corporate shareholders:
Documents of the Applicant Company:
Photocopy of the applicant company’s business license or certificate of incorporation (attested).
Notarized Memorandum of Association (MOA) or Articles of Association (AOA) of the applicant company.
Incumbency certificate stating the names of the shareholders and directors of the applicant company.
Notarized certificate of incorporation and good standing certificate of the applicant company.
Passport Copies:
Copies of the passports of all directors and shareholders of the applicant company.
Legal Resolutions and Power of Attorney:
Notarized board resolution authorizing the company to participate in the formation of the offshore company.
Notarized power of attorney authorizing individuals representing the corporate shareholder to perform actions.
Director-Shareholder Profiles:
CVs or profiles of directors, shareholders, and secretaries associated with the corporate shareholder.
Proof of Address:
Utility bills as proof of address for the corporate shareholders and directors.
Bank Reference:
Bank reference to ensure the financial standing and credibility of the corporate shareholders.
Note:If the corporate shareholder is another company, additional documents may be required to identify the ultimate beneficial owner.
Benefits of Using a Professional Business Consultant to Set Up an RAK Offshore Company
Why should you seek the help of a business consultant when setting up an RAK offshore company?
Expert Knowledge: Professional business consultants have a comprehensive understanding of the offshore company incorporation laws in the UAE, including Ras Al Khaimah. Their expertise ensures that your company setup complies with all legal requirements and regulations.
Document Preparation and Submission: Business consultants prepare the necessary documents and submit them on your behalf to the relevant government departments. This saves you time and effort and ensures all documents are accurate and complete.
Government Liaison: Consultants handle the liaison with the RAK authorities and other government departments. They act as intermediaries, providing quick responses to queries and doubts, thus simplifying the registration process.
Hassle-Free Setup: Collaborating with professional consultants like KWS Middle East ensures a hassle-free, reliable, and cost-effective offshore company setup experience in RAK. They provide support and guidance throughout all stages of your setup process.
