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:
- 0% corporate and personal tax;
- 100% foreign ownership;
- 100% repatriation of capital and profits;
- No requirements for the minimum share capital;
- Business-friendly regulations followed by confidentiality;
- Company documents do not need any attestations for use in the UAE, Saudi Arabia, Qatar, Oman and Bahrain.
RAK offshore jurisdiction is flexible and the companies registered within it can serve many objectives: trading operations, assets protections, tax planning, real estate holding, etc. And if you are looking forward to setting up your offshore company in an ideal location for business operations without too much cost and hassle, RAK ICC offshore is the answer to such prerequisite. RAK FTZ investors can be sure about having clear and fast process of company registration / business set up which is done over one of the free zone registered agents.
In order to start Ras Al Khaimah company set up procedure (as an UAE free zone offshore company), the applicant must contact one of the officially Registered Agents of the RAK ICC registry who will be responsible for handling and submitting all the incorporation documents to the Companies Registrar.
The applicant does not need to be physically present in the country for the incorporation as all is handled by the registered agent. The period of time to set up a company is on average 2-3 business days. The costs of such company are very completive in comparison with other offshore jurisdictions. Thus, we can clearly state that offshore in Ras Al Khaimah is the very cost-effective and efficient way to set up your international company / business in UAE and open bank account for it.
Main documents needed for the registration of an offshore company RAK ICC in Ras Al Khaimah
- Color passport copies of both directors and shareholders;
- Confirmation of the address of shareholders and directors- utility bills not older than 3 months;
- Bank reference letter;
- Short CV on shareholder main professional and educational background;
In combination with opening a bank account, business set up in RAS AL KHAIMAH is to be recognized as the great alternative to other offshore jurisdictions in the world.
A part of the advantages already mentioned, it provides total banking privacy and no restrictions on the repatriation of capital. This factor shall be definitely considered when evaluating the options RAK ICC company provides.
