RAK is one of the fastest-growing, and sustainable emirates in the United Arab Emirates. In particular, RAK was the first unit to pave the way for the registration of international business companies abbreviated IBC in the entire Middle East region. This means that investors are guarantee complete security and privacy. Additionally, investors are permitted to operate diverse activities of the business within the international space. So, if you are interested in RAK offshore company formation, then Start Any Business UAE consultancy can guide you during the company setup process.
RAK offshore company setup offers business people total banking privacy and security. RAK offshore is the fastest method to invest in offshore companies in the United Arab Emirates. RAK investment authority is the governing body, and RAK offshore companies are regulated under the RAK offshore regulations 2006.
Steps For RAK Offshore Company Formation
If all the documental requirements are completed, then it typically takes one day to register your RAK offshore company. Here is a step-by-step process for registration:
- To start with, you have to obtain approval for the company name and the activity of the business.
- You require to sign all the necessary documents and submit the same to the registrar in RAK investment authority, the regulatory body of RAK offshore.
- You need to make payment of registration fees and other incorporation expenses. You can pay online or through cash or money transfer.
- Your business is ready now, you would require to open your corporate bank account, and then you can start with the operations.
Document Required For RAK Offshore Company Formation
The documents required for RAK offshore company setup are mentioned below:
- Photocopy of business license or incorporation certificate of the applicant’s company.
- Memorandum of Association (Attested)
- Shareholder’s resolution
- Passport copies of all the directors and shareholders
- A good standing certificate, also recognized as the certificate of the presence of the corporation.
- Company’s incumbency certificate
- Additional documents can be requested by the authorities throughout the process of registration.
These all the necessary documents required for RAK offshore company setup process. We at Start Any Business UAE will help you in the process of documentation.
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Advantage Of RAK Offshore Company Formation
An offshore company should not be mistaken with a Free zone company in the UAE. An offshore company is a legal corporate body that is established and operated by it is registered authority. The key reasons why entrepreneurs go for RAK offshore company setup are:
- RAK is a gateway to the international market
- RAK has a stable and business-friendly legal system
- There is the availability of global funding
- There is a provision of security tools for assets like intellectual property
- Capital, profits, and international earnings can be retained under RAK
- RAK offshore corporations are exempt from all taxes
- The flexible rules and regulations for RAK offshore company setup
- Companies have the freedom to hold stakes in a free zone company as well as in an onshore company
- One shareholder, one director, and one secretary are all that is needed for the incorporation of an offshore company in RAK
- There are no limitations on citizenship and no residence limit
- The highest level of privacy and confidentiality is guaranteed for a RAK offshore company
How We Can Help You
Start Any Business UAE is a leading business setup consultants in Dubai that helps entrepreneurs and investors to set up their business in the UAE. We have a team of qualified professionals who have extensive experience in the UAE market. We provide you a wide range of services. We understand your every need and provide you the best possible solutions.
If you are looking for RAK offshore company setup then we are here for you. We will help you during the entire process of company setup without any obstacles. We make your company setup process easy, reliable, and successful.