RAK Offshore Company Formation
Set Up Your International Business in Ras Al Khaimah
RAKICC and RAK Offshore Company Formation
The RAK International Corporate Centre (RAKICC) is the primary authority for registering and forming offshore companies in the Emirate of Ras Al Khaimah, UAE. Established by Decree No. 12 of 2015 (amended by Decree No. 4 of 2016), RAKICC consolidated two registries: RAK International Companies and RAK Offshore. This merger has positioned RAKICC as a leading destination for offshore company formation globally, providing businesses with an internationally recognized and robust legal framework.
As a RAK offshore company formation specialist,we simplifies the process, ensuring your business enjoys the advantages of a prestigious offshore jurisdiction. With RAKICC’s internationally compliant and transparent system, RAK offshore companies are an attractive choice for global entrepreneurs and investors.
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Why Choose RAK Offshore for Company Formation?
RAK offshore company formation offers numerous benefits
RAKICC also allows offshore companies to own shares in mainland and free zone companies across the UAE. This flexibility makes it a strategic choice for businesses looking to diversify their operations and expand into the lucrative UAE market.
100% foreign ownership
Investors retain full control over their company without the need for a local sponsor.
No taxes
Offshore companies in RAK are exempt from corporate, income, and personal taxes, making it a tax-efficient jurisdiction.
Bank account in the UAE
RAK offshore companies can open bank accounts in Ras Al Khaimah, Dubai, and other emirates
Property ownership
Offshore companies can own real estate in designated areas in Ras Al Khaimah and Dubai
Limited liability
Shareholders' liabilities are limited to the capital invested
Full repatriation of capital and profits
Investors can freely repatriate their capital and profits.
RAK Offshore Economic Substance Compliance
RAK offshore companies benefit from the UAE Economic Substance Regulations (ESR). The UAE is one of the few offshore jurisdictions globally that complies with the Organisation for Economic Co-operation and Development (OECD) standards. This ensures that businesses are operating within a fully compliant, transparent, and internationally respected jurisdiction.
Under the UAE Cabinet of Ministers Resolution No. 31, RAK offshore companies conducting “Relevant Activities” such as banking, insurance, intellectual property, and shipping businesses must maintain an economic presence in the UAE. This compliance with international tax regulations places RAK on the European Union’s whitelist of cooperative jurisdictions, offering businesses an additional layer of security and trust.
RAK Offshore: The Ideal Offshore Jurisdiction
RAKICC’s offshore company formation procedures are designed to attract businesses looking for a reliable and flexible corporate structure. With world-class legislation, robust compliance mechanisms, and cost-effective solutions, RAK has become a preferred destination for offshore company formation, especially for businesses seeking long-term growth and global reach.
By partnering with Cohub Business Setup, you will benefit from our expertise in setting up offshore companies in Ras Al Khaimah. We provide end-to-end support, from registration and compliance to opening bank accounts and establishing subsidiaries in the RAK Economic Zone (RAKEZ).
Advantages of RAK Offshore with Cohub Business Center
Whether you are looking to set up an offshore holding company, investment fund, or expand your global operations, Cohub Business Center is here to guide you through every step of the RAK offshore company formation process.
Zero tax benefits
RAK offshore companies pay no corporate or personal taxes.
No physical office requirement
Offshore companies in RAK don’t require a physical office in the UAE.
Confidentiality and privacy
RAK offshore company details, including shareholder and director information, are kept confidential.
Flexible regulations
Enjoy simplified compliance procedures with robust legal backing.
International banking opportunities
Open bank accounts easily in the UAE and other jurisdictions.