RAK is one of the most advanced and fast-growing emirates among all the others in the UAE. In fact, RAK was the first emirate to start the international company formation in the country. Today, RAK offshore company formation is one of the most popular options to do business in the UAE. It provides top-notch security and private facilities. Additionally, the businessmen get the opportunity to conduct various business activities within the international space.
If you are interested in Ras Al Khaimah offshore company setup, you must take consultation from company formation experts that can guide you at every step and make the process easier for you. RAK offshore company formation is one of the easiest and fastest ways to invest in companies in the UAE. Moreover, it offers very strong banking security and privacy. The government body for RAK offshore company formation is the Ras Al Khaimah Investment Authority (RAKIA) and it provides various helpful policies and numerous benefits.
What are the Benefits of RAK Offshore Company Setup?
Do not mistake in differentiating between an offshore company set up and a Free zone company setup in the UAE. An offshore company is a legal body that operates within its registered authority. Apart from good connectivity, a great business environment, and ample expansion opportunities, the RAK offshore also has other policies to offer in the favor of international businesses. The top reasons for why entrepreneurs’ first choice is RAK offshore company formation are as follows:
- Ras Al Khaimah is your gateway to the international market.
- It offers a stable, profitable and business-friendly legal system.
- Don’t worry about the availability of global funding.
- Get full support and security services for all your assets like property, machines, transport assets, etc.
- You can retain capital, profits, and international earnings.
- Moreover, enjoy total tax exemption with RAK offshore company formation.
- The rules and regulations are flexible for RAK offshore company formation.
- For RAK offshore company formation you need one shareholder, director, and secretary.
- Also, enjoy zero restriction on citizenship.
- There is no residential limitation.
- Leverage the highest level of privacy and confidentiality withRAK offshore company formation.
What are The Steps for RAK Offshore Company Setup?
The process for RAK offshore company setup is quick and simple. Moreover, there are limited steps involved.
- Start with selecting the appropriate business activities for your company. You can choose from over 2000 plus business activities. Moreover, if there is any activity that you want to conduct and it is not on the list, you can apply for external permission for the same.
- Then select a suitable name for your company. It must comply with all the naming guidelines as per the government. Remember to use the full name of the person, if you name it after one. Furthermore, get it registered with the governing body.
- Collect all the important documents and attach them to the application form for Ras Al Khaimah offshore company setup.The main documents must include passport copies, visa copies, MoA and AoA, incorporation certificate, and residential proof. Also, double-check, and once you are sure about all the documents, sign and submit them to the registrar at RAKIA.
- Now, pay the required one-time registration fee and additional incorporation expenses to the government. You can make the payment in cash or via online mode or through a money transfer. Make sure to complete the payment within 30 days of receiving your license or it may get canceled.
- Last step is to open a corporate bank account. It helps you in smooth financial transactions. and you can start your business operations in and out of the UAE.
What are Documents Required for RAK Offshore Company Setup?
There is a limited number of documents required for Ras Al Khaimah offshore company setup. However, if you are new to the process, you must take help from company formation experts to guide you and keep a check on your paperwork. This will keep you from any mishaps and delay in the process. Below mentioned is the list of required documents for the RAK offshore company formation.
- Copies of passports of you and your company shareholders.
- A reference letter from the bank, addressed to RAK Offshore Authority.
- Also, any residency proof, like utility bills or national ID.
- Additionally, keep the CVs of the shareholders handy for submission to the offshore authorities.
- Get the bank statement for the last 6 months of the company.
- A photocopy of your business license and company incorporation certificate.
- Memorandum of Association and Article of Association.
- Shareholder’s resolution
- Copies of visas of all the directors, shareholders, and employees.
- Certificate of Good Standing.
- Incumbency certificate of the company.
What is RAK Offshore Company Formation Cost?
The RAK offshore company formation can cost you anywhere around AED 4,000. This may include the following services:
- Certificate of incorporation.
- Memorandum of Association and Article of Association.
- Documents of company head office.
- Resolution of board members.
- Share Certificates.
Start Your RAK Offshore Company Setup with Shuraa!
RAK offshore company formation is a simple and quick way to get involved in the international business markets of the UAE. If you are willing to start a new business, RAK offshore company formation is a cost-friendly, profitable business option. You can connect with company formation experts at Shuraa Business Setup who can make the company setup process seamless. Moreover, we will guide you at every step, help in preparing all the documents, and acquire required permissions and approvals for you. Also, we can help you obtain your business license at a very low Ras Al Khaimah offshore company setup. All you need to do is call us and tell us your business requirements and we will take care of it all.
Moreover, get to grow your business with the right advice. You can reach out to our experts at +971 44081900 or drop a WhatsApp message on +971 507775554. For assistance via email, please write to us at info@shuraa.com.
