Ras Al Khaimah Offshore Company Formation

Get benefits from Emirates Business Setup expert guidance! We offer a straightforward process for Ras al Khaimah offshore company formation in the United Arab Emirates. 

Start Your Venture in Ras Al Khaimah Offshore!

The UAE Ras Al Khaimah offshore company registration is regulated by the Ras Al Khaimah Authority. RAK ICC offshore company is an ideal location for international business operations and asset protection schemes. However, to begin, the Ras Al Khaimah company’s establishment records declare that it is an International Company and is not labeled as an offshore, even though you may still enjoy a zero-tax regime. Additionally, RAK offshore company setup is regarded as one of the greatest solutions available to entrepreneurs for conducting global companies or international companies. It offers a financially safe and economically secure environment. To register a Ras Al Khaimah business license, it will take 2-5 working days. 

Additionally, if you are going to register with an offshore company, the designation of the license will be LTD. Moreover, a document that will be released is considered as a certificate of RAK company formation instead of a business license. Ras Al Khaimah offshore license will be valid only for 1 year and it can be renewed. 

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Benefits of RAK ICC Company

Setting up a new business in Ras Al Khaimah offshore offers numerous advantages, such as: 

0% Corporate Taxes

Easier International Trading

Buying Property in the UAE

Eligibility for UAE Residency

Bank Account Inside or Outside the UAE

100% Foreign Ownership

100% Repatriation of Capital

Strategic Location

How to register RAK Offshore for Company Formation?

Ras Al Khaimah offshore company is registered by the RAK International Corporate Centre, one of the free trade zones in Ras Al Khaimah.

Registering a company in RAK allows for easy international trading. It serves as a strategic location, providing easy access to markets in the Middle East, Africa, and Asia. It can help expand the business and increase its customer base.

Ras Al Khaimah has a robust and reliable legal framework, ensuring the protection of assets and providing a stable business environment. Overall, offshore company formation in Ras Al Khaimah offers flexibility, cost savings, and access to a wide range of markets 

RAK Offshore View

Documents Requirements

The documents required for Ras Al Khaimah offshore company formation are 

A clear scan of the passport copy

Memorandum of Association for all the shareholders if any

Three company names

Visa and Emirates ID if the shareholder is a UAE resident

CV with email and mobile number

Personal bank Statement with Name and address (for address proof)

Three Company Names ending with Limited

Steps of RAK Offshore Company Formation

Select Company Name

The first step is to choose three unique company names.

Sign the Memorandum of Association

Once documents are shared with RAK International Corporate Centre within 2 or 3 working days, shareholders must physically present at the offshore office and make the signatures on the MoA.

Submit the Documents

The next step, after the signing process is completed, the documents need to be submitted along with other supporting documents, such as the passport copies of the shareholders and directors.

Get the Approvals

After submitting the documents, the authorities will review the application. This process may take another 10 - 12 working days. Then Incorporation Certificate/Formation Certificate will be issued.

Collect Your Certificate of Incorporation

Once the approvals are obtained, the final step is to collect your Certificate of Incorporation.

Open a Bank Account

Once these certificates are issued, the business bank account opening process can be initiated. The bank account process will take some time depending on the bank and documents submitted.

Trade License Renewal

When you start your business setup in Ras Al Khaimah offshore, you need to renew your license every year. If you fail to do so on time, then you will end up with hefty fines. Emirates Business Setup offers business setup services including offshore company formation process, trade license renewals, and banking services. If you need further assistance at RAK International Corporate Centre, we are here to help.

Legal Requirements

Outside the UAE

The Ras Al Khaimah offshore company, just like other offshore companies, can only operate outside the UAE.

Sign the Memorandum of Association

For setting up your own offshore business, as an individual shareholder or multiple shareholders, you need to sign the MoA. All shareholders must be physically present at the office to sign it.

How Long Does It Take in RAK Offshore Company Formation?

The process for Ras al Khaimah offshore company formation takes between 7 to 10 working days (the timeline carries between nationality held by the Shareholder(s) and Director(s) of the proposed company). 

What is the RAK Offshore Company Setup Cost?

RAK offshore company setup costs start from 10,000 AED. You can contact our business consultants to get accurate information and quotations. 

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