RAK Offshore Company

What is a RAK Offshore Company?

RAK Offshore Company also known as RAK International Corporate Centre (RAK ICC) is a Corporate Registry operating in Ras Al Khaimah, United Arab Emirates.

RAK ICC is the consolidation of two company registries in Ras Al Khaimah; namely RAK International Companies (formerly a part of RAK Free Trade Zone) and RAK Offshore (formerly a part of RAK Investment Authority). RAK International Corporate Centre (RAK ICC) was formed as per the Decree No.12 of 2015 and as amended by Decree No.4 of 2016.

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RAK International Corporate Centre is responsible for the registration and incorporation of International Business Companies, as well as providing a full suite of Registry services related to International Business Company activity. RAK International Corporate Centre is a modern, world class Company Registry operating in full compliance with international standards and best practices in the International Business Company formation industry.

How to open a RAK Offshore Company?

A RAK Offshore Company can only be incorporated by a Registered Agent who act as a point of contact between RAK ICC and the client.

Premier Brains offers a full range of corporate services to its clients through tax effective offshore structures primarily in the United Arab Emirates. Our range of services include incorporation, management and administration of the offshore company, establishment of bank accounts with prime banks in UAE, accounting and financial consultancy services.

Advantages of opening a RAK Offshore Company?

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• 100% income tax exemption

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• 100% corporate tax exemption

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• 100% capital and profit repatriation

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• No capital gains tax

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• No Value-added tax

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• No Withholding tax

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• Proximity to entire Gulf and global markets

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• Low start-up costs

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• Absolute privacy, confidentiality and protection of assets and information

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• 100% foreign ownership

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• Ability to maintain bank accounts (Current Account) in the UAE

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• Minimum one director required, one shareholder and one secretary ( it can be the same person )

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• Own real estate properties in the UAE, with prior authorization from RAK Investment authority

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• Annual Audit Report not required to be submitted to the Authority

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• Registration of RAK Offshore company takes only 2-3 working days

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• It does not require the shareholder/director to be physically present in the UAE for incorporation

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• No restriction on nationalities

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• Registered agent’s office in the UAE can also be used as registered office.

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