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Ras Al Khaimah is the oldest and most prestigious offshore jurisdiction in the UAE which provides a conducive environment for international businesses to thrive. This confidential jurisdiction combines several advantages such as tax free environment, full access to profits and cost-effective operations.
With its strategic location and business-friendly policies, RAK offshore has become an investor favourite, especially for those wishing to capitalise on the Emirate’s growth potential. These companies have a quick and straightforward registration process without the need for a physical office.
The RAK International Corporate Centre (RAK ICC) offshore company formation will benefit your business via asset protection and confidentiality with a strategic location positioned for seamless global trade and commerce. Stratrich offers a range of tailored services to assist you in achieving your ideal offshore company setup. Our expertise ensures a compliant company that will allow your business to achieve long-term growth in this jurisdiction.
RAK is one of the most attractive offshore jurisdictions in the UAE because of the range of incentives offered by the government. Moreover, the business setup fees in RAK-ICC are significantly lower than those in Dubai or Ajman, despite offering the same advantages and benefits.
RAK Offshore companies are not subject to corporate taxes, income taxes, or value-added taxes (VAT)
The details of the company’s shareholders and directors are not disclosed publicly, providing privacy for business owners from competitors and maintaining a discreet presence.
The RAK International Corporate Centre (RAK ICC), the authority responsible for offshore company registration, has streamlined procedures that allow for quick incorporation within a few days.
Foreign investors can fully own and control their businesses without the need for a local partner.
Companies can operate without currency restrictions, enabling them to transact in any currency. This flexibility is essential for businesses involved in international trade and investment activities, as it facilitates smooth financial operations across borders.
RAK Offshore companies can open a bank account in the UAE, own real properties and own shares in mainland or freezone companies in the UAE.
RAK offshore company requires a minimum of one shareholder and they can be corporate shareholders as well. A single person can act as the director, secretary, and shareholder of the company.
There is no requirement for a local office, thereby reducing operational costs. Physical presence is not required for registration as well.
Stratrich offers you a simple and quick service to form your RAK Offshore company. Partnering with us helps you successfully navigate the RAK offshore company setup process and understand the local landscape. We ensure smooth incorporation and provide ongoing support to help you manage your RAK offshore company efficiently.
Stratrich Consulting is here to help you incorporate your RAK Offshore company in the most streamlined and affordable manner. With us, you will experience a smooth and hassle-free journey that will entail close collaboration and guidance throughout!
Our process initiates with a detailed consultation to understand your business goals.
We assist in gathering and preparing the required documents, including identity proofs, company details, business plans, and compliance paperwork, to ensure a smooth registration process.
Our team handles the entire registration process with local authorities, ensuring all legal and regulatory requirements are met efficiently.
We help you open an offshore bank account to facilitate international transactions, ensuring your company’s financial operations are secure and compliant.
Post-formation, we provide ongoing support to ensure your company remains compliant with local regulations, including annual filings and renewals.
No minimum capital is required
An Ultimate Beneficial Owner (UBO) is any individual who benefits from a business and has ultimate authority over it. RAK offshore businesses are required to report information about Ultimate Beneficial Owners (UBO) to the RAK ICC Authority.
RAK Offshore Company must have a local registered representative who has been authorised by the local authorities, as well as a local registered office. The company, however, cannot have its own office.
No. In fact the RAK ICC incorporations does not enable an investor to gain a UAE residency.
Yes, but the name of a liquidated company may only be permitted for use after the expiry of a period of 3 years from the date of liquidation.
A company limited by shares is a company in which the liability of shareholders to creditors of the company is limited to the amount of capital originally invested by the shareholders. This type of company is required to have at least one shareholder and one director.
A Special Purpose Vehicle (SPV) is a legal entity that is registered only to conduct a special purpose. A SPV is essentially limited by shares and designed for securitization and isolating financial and legal risk by ring-fencing assets and liabilities. The memorandum of association of the company will outline the specific purpose for which the company is incorporated.
An unlimited company is a company formed with or without a share capital. The liability of the members or shareholders is not limited to this type of company. In other words, the shareholders of the company have a joint, several and non-limited obligation to meet any insufficiency in the assets of the company at the time of liquidation.
While Jebel Ali (Dubai) Offshore company requires a minimum of two shareholders and their physical presence is required in Dubai to arrange the formation, a RAK offshore company requires only one shareholder, whose physical presence is not required.
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