Download Silver Oak Documents Clearing Services LLC brochures for all our Packages
Ready to elevate your business? Reach out to Silver Oak Business Consultancy today!
RAK, or Ras Al Khaimah, is one of the seven emirates of the United Arab Emirates (UAE) and has gained significant popularity as a destination for offshore company formation. Known for its business-friendly regulations, strategic location, and attractive economic environment, the RAKez free zone offers many opportunities for entrepreneurs seeking to tap into the global market while enjoying the benefits of offshore business operations.
Join over 10,000 satisfied clients who have successfully established offshore companies with us.
The Gold package includes all Silver features, assistance with bank account opening, share certificates, and dedicated secretarial services.
The package includes all Gold items, a company stamp, letterhead, and priority service from a designated premier agent.
Includes everything in Platinum plus fast-tracked filing, 360° banking assistance, and exclusive multiple currency accounts with international debit and credit cards.
100% Foreign Ownership: One of the most significant advantages of forming an offshore company in RAK is that entrepreneurs can fully own their businesses without the need for local partners. This feature allows complete control over business decisions and operations.
Tax Benefits: RAK Offshore companies enjoy a tax-friendly environment with no corporate, personal income, or capital gains taxes. This setup allows business owners to maximize their profits and minimize their tax liabilities.
Privacy and Confidentiality: RAK offshore jurisdictions offer a high level of confidentiality. The identities of shareholders and directors can remain private, providing an extra layer of security for business owners.
Flexible Business Structure: RAK allows a variety of business structures, including Limited Liability Companies (LLCs). This flexibility enables entrepreneurs to choose the structure that best fits their business goals and needs.
Ease of Setup: RAK’s offshore company formation process is straightforward and efficient. With the right guidance, all necessary approvals and licenses can be obtained quickly, allowing entrepreneurs to commence operations without delays.
Access to International Markets: RAK’s strategic location, close to significant shipping routes and regional markets, makes it an ideal hub for businesses looking to expand their operations across the Middle East, Africa, and beyond.
Supportive Regulatory Environment: The RAK International Corporate Center (RAK ICC) provides a robust regulatory framework designed to promote ease of doing business. This supportive environment encourages foreign investment and fosters business growth.
Choose Your Business Activity: Identify the business activities you wish to conduct. Different business activities may require different licenses, so clarifying your company’s objectives is essential.
Select a Company Name: Comply with RAK’s naming criteria by choosing a unique name for your offshore company. Ensure that the name reflects your business while adhering to local regulations.
Prepare Required Documents: Collect all necessary documentation, including copies of passports, proof of address, and other relevant paperwork. These documents are crucial for the registration process.
Register Your Company: Submit your application for registration with the RAK International Corporate Center (RAK ICC). This step involves providing the required documentation and paying the applicable fees.
Open a Corporate Bank Account: After registering your company, you can open a corporate bank account to manage your business finances effectively.
Obtain Necessary Licenses: Depending on your business activities, you may need additional licenses or permits to operate legally in RAK. Ensure you understand and comply with all regulatory requirements.
RAK ICC offers ease of business, jurisdictional stability, a vast network of double taxation treaties, and an extensive banking infrastructure, making it a top choice for global offshore company formation.
Navigating the landscape of offshore company formation can be complex and time-consuming. Partnering with a knowledgeable consultant like Silver Oak Biz can simplify the process. Here’s how we can help:
Forming an offshore company in RAK presents an exceptional opportunity to grow your business globally while enjoying significant financial advantages. With its favourable business climate and streamlined processes, Ras Al Khaimah is an ideal choice for entrepreneurs seeking to establish a presence in the UAE.
Contact Silver Oak Biz today to learn more about how we can assist you in establishing a successful offshore company in RAK. Together, we can unlock new opportunities for your business! Two more free zone packages are also available, and they are affordable: the Ajman free zone and the Meydan free zone.
What is an offshore company in RAK Free Zone?
An offshore company in RAK Free Zone is a business entity that is registered in Ras Al Khaimah but operates primarily outside of the UAE. It allows individuals and businesses to benefit from tax exemptions, asset protection, and privacy, making it an ideal option for international trade and investment.
What are the benefits of establishing an offshore company in RAK Free Zone?
Some key benefits include:
- 100% foreign ownership and complete repatriation of profits and capital.
- No corporate tax, personal income tax, or capital gains tax.
- High levels of confidentiality and privacy for shareholders and directors.
- Access to a stable political environment and a growing economy in the UAE.
- Flexible company structure with no minimum capital requirement.
What are the requirements to set up an offshore company in RAK Free Zone?
The typical requirements include:
- A completed application form.
- Passports and proof of address for all shareholders and directors.
- A business plan outlining the intended activities of the company.
- Proposed company name (subject to approval).
- Payment of the registration fees.
Additional documents may be required depending on the business type and activities.
Can offshore companies in RAK Free Zone conduct business within the UAE?
Offshore companies in the RAK Free Zone are generally prohibited from conducting business in the UAE market. They are mainly designed for international trading, holding assets, and managing investments outside the UAE. To do business within the UAE, a local company or a free zone company must be formed.
What is the process and timeline for setting up an offshore company in RAK Free Zone?
The process involves:
- Choose a unique company name and submit the application.
- Providing the necessary documents for verification.
- Receiving the certificate of incorporation and registering for a bank account.
The entire process can take anywhere from a few days to several weeks, depending on the completeness of the application and documentation provided. Engaging with a professional service provider can help streamline the process.
