RAK Offshore

There are a few things you need to keep in mind when you decide to set up an offshore company in Ras Al Khaimah and open a bank account for this company type, including other additional services you might need.

There are lots of benefits investors enjoy when they make up their minds to set up/ incorporate an offshore company RAK ICC in Ras Al Khaimah. Such benefits are:

Alongside with its status as a flexible offshore jurisdiction, RAK government's proactive approach accomplished to put into life the best regulatory environment and legal framework with tax exemption, 100% foreign ownership, no foreign exchange controls, trade barriers or quotas and absence of audit requests.

The RAK Free Zone authorities have set up the regulations to incorporate International Companies in RAK. The regulation predefines that the company registration shall be done over a registered agent. Such registered agent are professional consulting firm and law firms which are duly approved and licensed for that purpose by the respective authorities and RAK FTZ and, under such licenses, are permitted to provide the corresponding corporate services to their clients.

According to the authorities, this year the number of companies registered in Ras Al Khaimah FTZ is expected to surpass the target and go beyond the zone's plan, as Free Trade Zone is on the spike attracting more investors from all over the world.

Ras Al Khaimah Free Trade Zone is favorably located and is only within 1-hour drive from Dubai.

Peculiarities of the United Arab Emirates jurisdiction suggest for business a number of advantages and great opportunities. More and more foreign entrepreneurs incorporate offshore companies in the UAE to optimize tax and customs fees. Let’s try to understand this matter in details.

Intensified competition in the world markets and the wish to protect own capital prompts many entrepreneurs to seek for tax haven countries, where on one hand the tax burden is reduced, and on the other hand, all the necessary business opportunities are available. And this choice should be made from the very beginning, in order not to think about how to transfer your business to other offshore country after. However, it should be noted that choosing a country from the tax haven countries list, it is important to clearly understand what your business will do, accordingly, what opportunities and limitations will be essential for you, and what you can turn a blind eye to.