Start your Ras Al Khaimah offshore company and open a corporate bank account with our end-to-end service
Fill in our form to place your order in 5 minutes.
We will collect and complete your documents, file the application and establish your company.
You will receive your RAK Offshore Company license (Certificate of Incorporation) and you can start your business instantly!
RAKICC offers the following main benefits for setting up offshore and international business companies:
No taxes applicable (in a majority of jurisdictions)
Modern legislation
Registered address
Single and multiple directors are allowed
No auditing and accounting requirements in a majority of jurisdictions
Business can be conducted internationally
No limitations on any nationality
Capital expatriation does not have any limitations
The RAKICC, which is a government owned corporate registration centre established in the Emirate of Ras Al Khaimah, United Arab Emirates registered RAK offshore companies. RAK ICC is one of the most respected offshore company set-up registries and is ranked amongst the top jurisdictions in the world along with BVI, Jersey and Cayman Islands. RAK ICC provides efficient legislation for the creation and maintenance of offshore and international business companies.
RAK offshore companies are established to: (i) carry out international business activities outside the UAE, (ii) act as holding companies, (ii) hold real estate properties in the Emirates Dubai and Ras Al Khaimah, (iv) provide asset protection, (v) carry out tax planning, and (vi) carry out estate planning.
Ras Al Khaimah International Corporate Centre or RAKICC is a Corporate Registry established pursuant to Emiri Decree No.12 of 2015 and operates in Ras Al Khaimah, United Arab Emirates. It was created as a result of amalgamation of two former corporate registries (i.e. RAK International Companies and RAK Offshore). RAKICC is a highly reputed jurisdiction for offshore company registration in UAE and permits various types of companies to be incorporated. It offers about four hundred (400) different business activities to choose from. RAKICC allows you to incorporate your offshore company and provide registry services which comply with the highest standards and international practices.
RAKICC is one of the most respected jurisdictions offering shareholders the opportunity to incorporate their offshore companies in the UAE.
RAKICC has the following main advantages:
RAKICC entities can have one hundred (100) % foreign ownership. There are no restrictions on any nationality to own shares in a RAK offshore company. This allows shareholders complete control over the business and management of the company.
While the UAE is subject to local courts based on the UAE laws, RAKICC allows access to common law jurisdiction courts of Dubai International Financial Centre ("DIFC") Courts and Abu Dhabi Global Markets ("ADGM") Courts. Unlike local courts, proceedings here do not take place in Arabic as the DIFC and ADGM Courts use English as their official language.
RAK ICC has several rules that grant ultimate flexibility to the shareholders of RAK ICC companies. These include no minimum capital requirement, no requirement to file audited accounts and access to local as well as international banks for opening of corporate accounts. Thus, shareholders can enjoy regulatory arbitrage. Further, due to RAK ICC's relationship with RAKEZ, an offshore company can incorporate a subsidiary in RAKEZ allowing to carry out activities onshore in the UAE.
While there are other jurisdictions that allow offshore company registration in the UAE, they are at times very heavy on the pockets of shareholders. RAK offshore company cost, on the other hand, is quite efficient and benefits with a very competitive company incorporation as well as renewal fees. Further, there is no requirement to have a separate office as the office address of the registered agent is used as the registered office address of the company. With RAK ICC, you can avail of the best price for an UAE offshore company.
This is one of the most important factors that a shareholder would look for while incorporating its offshore company. RAK ICC allows its shareholders to take advantage of its Double Tax Treaty (DTT) Network, making sure that shareholders do not pay double taxes. RAK ICC is one of the few international jurisdictions to provide zero (0) tax policy for its entities. Therefore, you have the advantage of tax arbitrage with RAK ICC.
RAK Offshore refers to companies registered under the Ras Al Khaimah International Corporate Centre (RAKICC), a government-owned corporate registration centre in Ras Al Khaimah, UAE. It's one of the most respected offshore jurisdictions globally, providing efficient legislation for offshore and international business companies.
Setting up a RAK Offshore company typically takes 3-5 working days from the time all required documents are submitted and fees are paid. The process is streamlined and efficient with proper documentation.
RAK Offshore companies can engage in international trade, consultancy, brokerage activities, property holding in Ras Al Khaimah and Dubai, online advertising, ship registration, and various services. However, they cannot conduct business with UAE mainland companies or engage in financial, aviation, insurance, or media activities within the UAE.
No, physical presence is not required. The entire company formation process can be completed remotely with proper documentation. However, you may need to travel for bank account opening or other specific requirements depending on your business needs.
RAK Offshore companies enjoy a zero (0) tax policy on income and profits in most jurisdictions. Additionally, RAKICC provides access to Double Tax Treaty (DTT) Network, ensuring shareholders don't pay double taxes. There are no corporate or income taxes applicable.
Yes, RAK Offshore companies can hold real estate properties in the Emirates of Dubai and Ras Al Khaimah. This is one of the popular uses of RAK Offshore entities for asset protection and estate planning purposes.