Ras Al Khaimah or RAK provides great opportunities for those who wish to establish an international company. The region is rapidly developing with plenty of future potential growth. RAK is still a premier investment authority offering possible investors, companies and individuals a myriad of arrangements and benefits to set up a RAK offshore company. It gives foreign companies and investors a political stable environment and financial solidity that has minimal financial risk in a strategic region which links itself to regional markets while offering a crucial connection between the East and West.
RAK Offshore Company
Offshore companies are the long-time praxis-proven and applied option that can be used effectively to protect assets, structure business and optimize taxation. A lot of management companies can provide quick and simple RAK company formation (offshore) and have your company registered within a few days in Ras Al Khaimah or RAK.
Highlights of RAK Offshore
- Exemption from income and corporate taxes
- 100 percent foreign ownership
- Full repatriation of capital and profits
- No restrictions to foreign currency
- No local office requirement and no related costs and employees
- Ability to own interest in UAE real estate and intellectual property
- Ability to serve as a holding
- No accountings filing
Why a RAK Offshore Company
RAK is one of UAE’s most attractive offshore locations as establishment fees tend to be lower than Fujairah and Dubai. This is true despite providing the same benefits of the UAE as a country that has full exemption from income and corporate taxes. Although Dubai requires at least two shareholders and their physical presence for arranging formation, a RAK offshore company requires just a single shareholder who doesn’t have to be there in person.
RAK Offshore Company Formation
RAK offshore company formation enables any non-resident corporation or individual to open a business in the RAK Free Zone. The cost of this type of company formation is lower than in Dubai. The process of forming a company in RAK requires hiring registered businesses, consultants and advisors who can professionally help in registering a business advisory consultancy and providing up-to-date business tips and advice with complete processing of documents.
Offshore company formation provides plenty of benefits that include the potential of efficient tax planning and reduced costs, maintenance of risk management and confidentiality and protection of assets. Careful planning and professional advice will guarantee the maintenance of proposed structure’s integrity that incorporates an offshore company.
