Rak Offshore Company Formation

RAK International Corporate Centre (RAKICC) is a top UAE corporate registry formed by merging RAK Offshore and RAK International Companies, governed by the RAKICC Business Companies Regulations 2016.

With over 13,000 IBCs, RAKICC offers zero taxation, 100% foreign ownership, and confidentiality, making it ideal for global businesses seeking UAE advantages.

100% Foreign Ownership Allowed

Complete Tax Exemption

Confidentiality for Shareholders

Flexible Corporate Structures

Quick Setup & Compliance

Mainland Company

Free Zone Company

Offshore Company

Bank Account Opening

Visa Services

Key Features of RAK Offshore Company Formation

100% Foreign Ownership

Investors can fully own their companies without needing a local sponsor.

Tax Benefits

No corporate, income, or VAT taxes, offering a tax-free environment.

Confidentiality

Shareholder and director details are private, with no public filing required.

Strategic Location

RAK provides access to major markets in the Middle East, Africa, Europe, and Asia.

Ease of Doing Business

Simple setup process with minimal annual compliance requirements.

Banking and Financial Services

Access to UAE bank accounts, online banking, and multi-currency services.

Flexible Corporate Structure

Companies can operate as holding firms, property owners, or consultancies.

No Requirement for Physical Office

No need for a physical office, reducing operational costs.

Ras al Khaimah RAK Offshore Company Registration in UAE

Select a Company Name

Choose a company name that complies with RAK ICC regulations. The name should not be already in use or reserved. It should also not contain any prohibited words or references that might imply governmental affiliation. The name of the company must end with a legal entity identifier such as “Limited” or “Ltd.”

Choose the Type of Company

Before registering an OC you have to decide on the type of company setup and structure that suits your business needs:

Offshore Company: Ideal for international trading, holding company structures, and asset protection without conducting substantial business activities within the UAE.

Free Zone Company: Operates in free zones, allowing for benefits like full foreign ownership and tax exemptions while engaging in local and international business.

Appoint a Registered Agent in the UAE

A registered agent must be appointed to register an OC and act as the intermediary between the company and RAK ICC. An agent must be approved and licensed by RAK ICC to provide agent services in the UAE jurisdiction.

Prepare and Submit Documents

Necessary company documents includes:

Application form: Filled with details about the type of company, business activities, and corporate shareholder information.
Passport copies of the shareholders and corporate directors.
Proof of residential address for shareholders and directors.
Business plan (if required, depending on the business activity).
Memorandum and Articles of Association: Customized to your company’s operational requirements. These documents need to be submitted through your registered agent.

Fulfill Due Diligence Requirements

OCs registered in ras al khaimah must meet strict compliance with international anti-money laundering (AML) standards. You will need to provide detailed information about the company’s beneficial owners, directors, and shareholders. This may involve background checks and other compliance measures.

Open a Bank Account

Once your company is registered, you can open a corporate bank account in the UAE. Bank account opening requires the presence of the company directors or shareholders with physical presence in Dubai, and the submission of the company documents.

Pay Fees

Once all documents are submitted, you’ll need to pay the applicable registration and licensing fees. These fees vary depending on the company structure and business activities.

Receive Approval of Company Incorporation

Upon submission and payment, RAK ICC will review the documents and conduct necessary due diligence checks. If everything is in order, the company will be registered, and you will receive:

Certificate of Incorporation
Memorandum and Articles of Association
Share Certificates (if applicable)
Company Registration Number

Obtain Necessary Licenses and Permits

Depending on your business activity, you may require additional licenses or permits from other regulatory authorities in the UAE. This can include trading licenses, import/export licenses, and specific approvals for regulated activities.

Set Up Operations

Finally, set up your physical or virtual office as required, hire staff if needed, and commence your business operations under the legal protection and benefits offered by RAK ICC.

Rak Offshore Company Formation Consultants

How Leaders HUB Can Help?

Leaders HUB Consultancy is renowned as one of the top business setup consultants in Dubai, with over 15 years of experience facilitating a wide range of businesses throughout the UAE. Our deep connections with government officials and key authorities, combined with our extensive expertise in consultancy, streamline the process of establishing your business in Dubai. Additionally, we offer comprehensive financial, legal, and corporate services to support our clients throughout their business endeavors.

We are here to provide comprehensive support for your Ajman Offshore Company Formation, from preparing your documents to completing the process. Connect with us now to begin your journey with a FREE consultation!

ASK WHAT YOU WANT TO KNOW

FAQS (Frequently Asked Questions)

What is the cost to set up a RAK ICC offshore company?

Yes, an entity may apply for multiple business formations within the free zone. Each formation would be treated as a separate company name, however, the investors may be the same person or company. There is no limit on the number of businesses that can be incorporated within Jafza with similar stakeholders.

Can I transfer the domicile of my offshore company in another jurisdiction?

Formation refers to the legal structure of a business, such as its type and investor count, while a business license dictates what activities a business can legally conduct.

Can a RAKICC company held beares shares?

An FZE (Free Zone Enterprise) is a company with a single investor, which can be an individual or another company. An FZCO (Free Zone Company) involves multiple investors, which can also be individuals or companies.

How does the cost of setting up an offshore company in RAX compare to Dubat, particularly for these Intending to hold rest estate?

Yes, a company can hold shares in another company within Jebel Ali Freezone, whether it’s an FZE, FZCO, or PLC, which may include both individual and non-individual shareholders.

What types of business activities are permitted for RAK Offshore Companies?

Yes, you can own multiple businesses in Jebel Ali Free Zone under different names but with the same investors, without a limit on the number of businesses.

It there an annual renewal requirement for a RAK Ofhhore Company, and what does it Involve?

You cannot transfer a license from Dubai mainland to Jafza. Instead, you must dissolve the mainland company and establish a new one in Jafza, or create a branch there while retaining the mainland company as the parent.

Can RAK Offshore Companies conduct e-commerce or online business activities!

JAFZA offshore company setup typically takes between 3 to 14 business days after all necessary documents and lease agreements are submitted.

Are RAK Offshere Companies allowed to own real estate in the UAE?

Yes, Jafza’s Regulatory Authority issues licenses, and you must submit an Economic Substance Report. Additional approvals may be needed for specific industries like Food and Agriculture.

What is the process for cinsing or liquidaring a RAK Offshare Company?

There’s no prescribed minimum share capital for FZE or FZCO companies in Jafza, but your capital should be sufficient for your licensed activities.

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Mainland Company Formation

Freezone Company Formation

Offshore Company Formation