Why set up a RAK Offshore Company
100% Exemption from Tax
One or more directors both physical or corporate
No paid-up share capital
Accounting and Audit not required
No restrictions on Citizenship and / or Residency
No limits set on Capital Expatriation
Open Bank Accounts anywhere in the world
No Control on Currency
Companies can conduct business outside the UAE
Obtain Registered Address in UAE (Agent’s Address)
No Time Zone Boundaries
About RAK Offshore company
RAK Offshore is the first entity throughout the Middle East to provide the registration of International Business Companies (IBC). The authority offers customers complete confidentiality and safety.
The UAE is considered as being a politically stable jurisdiction, where its economy is rapidly developing and progressing. The UAE is also home to RAK, one of the fastest growing, most stable and developed emirates.
RAK-based Offshore Companies benefit greatly as they are allowed to carry out business in diverse fields on an international basis. RAK Offshore Companies may get involved is asset protection, real estate holding, trusts and/or funds, inheritance planning, trading and tax planning.
Based on the law, the shareholders’ names and details of RAK Offshore Companies are confidential and are never disclosed. One shareholder and one director are required to set up a RAK Offshore Company, which can be the same individual. Furthermore, companies need minimum capital to register as RAK Offshore Company. Finally, at present the UAE has more than forty Double Taxation Avoidance Agreements DTAAs) with other countries.
Interested in establishing a UAE RAK Offshore Company?
Get reasonable price and excellent service for UAE offshore incorporation
We provide excellent Offshore Registration services at competitive prices
Oxford Consultants is a registered agent of RAK and provides RAK offshore company formation, management & administration services for RAK entities.
Cost of RAK Offshore Company Formation Services include:
- Registered Address
- Registered Agent
- Company Secretarial Services
Charges included in setting up a RAK Offshore Company:
- Agent’s service fees
- Government fees
Documents Required Include:
- Register of Shares
- Seal of Company
- Original Share Certificate
- Original Copy of Memorandum
- Original Copy of Articles of Association
- Appointment of Secretary and Director
- Register of Directors
RAK Offshore Company Setup Process
Approximately one week is needed to register a RAK Offshore International Company.
We make the entire registration procedure is simple and fast:
- Passport Copy;
- Residential Address;
- UAE Visa/Entry Stamp (if applicable);
- A Valid E-Mail and Phone Number;
- Proof of Address (example: latest Utility Bill);
- Short Curriculum Vitae (CV)- include education, previous 3 employment positions, contact details);
- Personal Bank Reference – confirming you are the client of the bank.
Frequently Asked Questions
A Tax-Free jurisdiction is a country which imposes low tax rates or does not impose taxes at all. Different countries may be considered tax havens concerning a range of taxes. Sovereign governments have the right and power to pass and introduce taxes in their countries. Offshore companies and international businesses can be established within tax-free jurisdictions in order to minimise taxes and reduce costs of management.
Offshore companies may protect their assets if assets are owned by the actual company and not an individual. For instance, the company can be placed as part of a trust or foundation.
RAK Offshore authority has no public records. As such the details of the shareholders and directors of RAK Offshore Companies are not disclose to the public or any third party.