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Business Setup in RAK Offshore

RAK Offshore businesses and individuals a wide range of comprehensive services and structures that are dedicated to non-residents. RAK OFFSHORE also benefits from one of the most comprehensive lists of non-double taxation treaties in the world, (including) with China, India, Italy, France and Germany. Physically located in the superb infrastructure of the upcoming RAK Financial City, RAK OFFSHOREwill allow a wide variety of international business and financial activities.

RAK Offshore: Investor Benefits

  • Limited liability status.
  • No physical minimum capital.
  • Minimum of one share holder who can be a director as minimum one director.
  • An approved registered agent (auditors, legal firms) is required for registration and maintenance.
  • More flexibility than other offshore company jurisdictions in the UAE.
  • No restrictions on the types of business other than those set on by public policy and local regulatory requirements of the licensing authority.
  • Incorporation of offshore companies with “bearer shareholding”.
  • Companies are permitted to create different classes of shares in one or more series having their own rights, privileges, restrictions and conditions specified. Regulations
  • The company regulations have been made out in strict conformity with new anti-money laundering measurements.

Activity Charges

  • Fees for offshore company in RAKIA would be AED16,500 (License + our professional fees)
  • Note:100% of the fees shall be payable in advance (non refundable).

Documents Required

  • 100% of the fees shall be payable in advance (non refundable).
  • Original Bank reference letter
  • Original Utility bill – no less than 3 months old
  • Brief CV
  • 3 Proposed name and activity to be mentioned
  • Note: If the applicant is represented by a Power of Attorney, the Power of Attorney will have to be Notarized & Attested by the U.A.E Embassy or Consulate & further attestation in Ministry of Foreign Affairs in UAE.