RAK ICC – RAK Offshore. RAK Offshore Company Formation.
Worldwide Incorporation Services specializes in RAK Offshore Company Formation and opening bank accounts.
RAK ICC – General Information
Key Benefits of RAK Offshore Company Formation
- 100% foreign ownership
- A minimum of one shareholder is required for a RAK Offshore Company formation
- A minimum of one director is required for a RAK Offshore Company formation
- Zero taxes and duties
- Company can hold an account in a bank in the UAE
RAK Offshore Company Formation – Key Facts
Language of Legislation and Corporate Documents
English/Arabic.
Investor Visa
No.
Employment Visa
No.
Share Capital
The minimum requirement for share capital is AED1,000, Which must be fully paid up.
Classes of Share Available
Ordinary shares, preferred shares, deferred and shares with or without voting rights.
Bearer Shares
Not permitted.
Restrictions on Trading
This type of Company is not allowed to do business within the UAE, have an office or get visas. Banking, insurance, assurance, reinsurance, fund management, collective investment schemes, trust management, trusteeship business provision are not permitted.
Registered Agent Required
Each RAK ICC Offshore Company must have a Licenced Registered Agent in the RAK ICC.
Registered Office Required
Each RAK ICC Offshore Company must have a Registered Office in the RAK ICC, provided by a licenced service provider.
Directors
A minimum of one director is required for a RAK Offshore Company formation. Director can be of any nationality and need not be resident in the UAE. Corporate directors are permitted.
Shareholders
A minimum of one shareholder is required for a RAK Offshore Company formation.
Publicly Accessible Records
No.
Location of Meetings of Directors and Shareholders
Anywhere.
Personal Presence Required
No.
Taxation
Nil.
Double Taxation Treaty Access
None.
Requirements to File Accounts
None.
Requirement to File Annual Return
None.
Audit Requirements
None.
Exchange Control
None.
Language of Name
English/Arabic.
Restricted Words
Unless with the approval of the Registrar in writing the name shall not include the words “Bank”, “Trust Company” or “Trustee Company”, “Assurance” or “Insurance”, “Chamber of Commerce”, “Municipal” or “Municipality”, “Emirate” or “Emirates” or any other word which in the opinion of the Registrar may suggest:-
(a) a connection with the Government of the Federation of the United Arab Emirates, its agencies or identical bodies of any of the member States of the Federation;
(b) the patronage of their Highnesses the members of the Federal National Council.
Name of a RAK Offshore Company
The name of the RAK Offshore Company may end with the word “Limited” or “Ltd”.
Time to Incorporate
2-3 business days, subject to name approval.
Questions? Need Advice?
Make an enquiry or chat with us.
MAKE AN ENQUIRYRAK ICC Company Formation Prices
-
RAK ICC Company Registration Package Includes:
- Company Name Check
- Initial Business Approval
- Preparation of Application Documents
- Company Registration Fee
- Certificate of Registration
- Registered Office Address for 1 year
- Registered Agent Services for 1 year
- Government filing fee
- Certificate of Incorporation
- Memorandum & Articles of Association
- Minutes of first meeting appointing the director(s)
- Share Certificate(s)
- Register of shareholders
- Register of directors
Starting at: $2490
MAKE AN ENQUIRYWhy Choose Worldwide Incorporation Services?
Interested in RAK Offshore Company Formation?
RAK Offshore Company Formation – Office Addresses
Services related RAK ICC | RAK Offshore Company Formation
Worldwide Incorporation Services provides the following services related RAK UAE | RAK ICC Offshore Company
- RAK Offshore Company Formation
- Registered Agent Services in the RAK ICC
- Registered Office Address in the RAK ICC
- Full RAK ICC Offshore Company Administration & Secretarial Services
- Opening of Bank Accounts
RAK Offshore Company Formation
Formed in 2015, the RAK ICC is an International Corporate Centre operating in Ras Al Khaimah, in the UAE. Today the ICC unites two registry committees: RAK Multinational Companies (also part of the free trade zone) and RAK Offshore (part of the RAK Investment Authorities).
RAK Offshore Companies
RAK ICC Offshore Company Certification provides clients several significant advantages. The main ones are:
– Taking up full foreign ownership of an international organization;
avoiding taxes based on the ownership of an international company;
– If the client has foreign citizenship, he/she will be granted the same benefits afforded local business people;
– All data remain confidential; the register of participants of a RAK Offshore Company is not made public.
Offshore Company Formation in the RAK
The registration process of an offshore organisation is divided into four steps:
1. Online order.
Clients can choose their tariff according to their needs. In case of difficulties, it is possible to receive a free consultation on the official website to ensure the correct tariff is chosen.
2. Make a payment.
Several payment methods are accepted:
– Bank wire transfer;
– Using a Credit Card;
– Using a Debit Card;
– Via Paypal.
3. Go through the KYC process.
After collecting all the required documents, a RAK representative contacts the client to confirm the order and check all of the details.
4. Prepare the formation process.
It takes from one to three days to start the company formation process. If all required papers are prepared correctly, and in full, a digital version is issued following registration, and physical originals are sent between three and seven days later.
Worldwide Incorporation Services | RAK Offshore Company Formation | RAK Offshore Company Setup
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