Ras Al Khaimah (RAK) Offshore Comapany

Ras al Khaimah, about an hour’s journey from Dubai, is one of the seven Emirates that comprise the United Arab Emirates. RAK has the highest degree of industrialisation in the UAE, accounting for 26% of GDP. Its reputation has been built on a business-friendly investment environment and low expenses. RAK’s business costs are 25 to 50% less than the UAE average, enabling companies to maximize their return on investment.

The Ras al Khaimah administration established the International Company structure, also known as the RAK Offshore Company, in September 2006. The Ras Al Khaimah Free Trade Zone Authority International Companies Regulations 2006 govern these.

FEATURES

  • 100% foreign control is permitted.
  • All business and income taxes are exempt.
  • There are no currency limitations.
  • Profits and money can be repatriated in full.
  • There is no need for a local office, as well as no employees or associated expenses.
  • The RAK Offshore company may own real land and intellectual property in the UAE.
  • The RAK Offshore company can serve as a holding entity.

BENEFITS

  • Pay no taxes and keep all earnings.
  • Property can be owned by offshore entities anywhere in the UAE.
  • Ras Al Khaimah allows you to open a bank account.
  • You can put your money into UAE freezone businesses and LLCs.
  • Tax treaties are relevant.

DOCUMENTS

  1. Copy of a Certified Passport (by a Lawyer/Accountant/Sovereign Employee)
  2.  2 proofs of address
  3. Reference Letter from a Bank or a Professional
  4. Curriculum Vitae 04 (summary of professional history)