RAK ICC Offshore

RAK ICC Offshore Company Formation & Business Setup

RAK ICC Offshore

Idea Bizone has been offering its business setup services to businesses and companies wishing to set up in UAE mainland and free zones for a long time. 

We’ve recently expanded our trusted and reputable services to include the setup of offshore businesses and companies as well. We have partnered with In Zone, an agency specializing in RAK Offshore Company Formation, to provide our customers with the most affordable and reliable solutions to their offshore business setup needs.

RAK ICC Offshore is a corporate registry specializing in setting up offshore businesses in the Ras Al Khaimah emirate. We can link our clients up with the most official authority at economical rates with our brand-new partnership.

Why Choose RAK ICC Offshore?

Choosing to set up an offshore company in the Ras Al Khaimah emirate comes with many benefits:

  • RAK Offshore companies get complete ownership of their business. This is very advantageous compared to mainland company setups where foreign owners can only own 49% of their own company and need to name a local sponsor as the owner of the remaining 51%.
  • RAK Offshore companies can have a single director, and they may be a non-resident as well.
  • Any number of shareholders is permissible, from one to an unlimited number.
  • Company owners are not required to have a minimum capital to set up their company in RAK offshore companies, which helps set up bank accounts for the company.
  • RAK offshore companies can buy and own property in the UAE.
  • RAK offshore companies can open bank accounts in the UAE as well as internationally. International funds can also be transferred smoothly due to the allowance of multiple currency accounts.
  • RAK offshore companies have a right to intellectual property, meaning they can register patents, copyrights, and trademarks in the UAE.
  • RAK offshore companies benefit from complete privacy as the names of company shareholders are not shown on the public registry. These companies are exempt from filing financial accounts with the RAK ICC registry.
  • RAK offshore companies are free from tax payments, including income, corporate, and import/export taxes. 
  • The registration and renewal process for a RAK offshore company is quick and affordable. You can set up your company with all the needed documents in 3-5 days.
  • Your corporate documents for RAK offshore company registration do not require attestation of corporate documents.
  • Companies get freedom in their business activities as they can carry out a combination of unrelated activities through single company registration.
  • RAK offshore is the only jurisdiction in the Middle East that offers business setups compliant with international standards. Having a company here will grant your business great exposure in the area.

Company Formation in RAK ICC Offshore

Suppose the above benefits have convinced you that RAK offshore is ideal for your business. In that case, you should consider getting in touch with a reputable company formation specialist like Idea Bizone to manage the setup process.

Here’s how the company formation process will go:

1. You can provide our company formation team with the following required documents of all your company shareholders:

  • Passport copies
  • UAE visa copies
  • Proof of residential address

2. Select your chosen company name and pass the information on to us. 

3. You can then sign the company formation documents that our team will prepare for you. 

4. Complete the company formation application, which will be checked by us for errors and submitted to the RAK Offshore Authority.

5. Within 3-5 days, you will receive these documents:

  • Your company’s Certificate of Incorporation
  • Register of Directors
  • Memorandum and Articles of Association
  • Share certificates for all the shareholders

Upon receiving these documents, you can begin your business activities from your company. Idea Bizone can further aid you with setting up bank accounts and renewing your company registration.

How to Obtain Your Offshore Company License in RAK Offshore

Your RAK offshore company license will be issued to you along with the rest of your documents from the relevant authorities upon registration of your company. 

Our team at Idea Bizone can help you decide which of these licenses will be best for your company:

  • Company Limited by Guarantee
  • Company Limited by Shares
  • Restricted Purposes Company
  • Unlimited Company
  • Segregated Portfolio Company

Your business license will remain valid till a year after issuance. At this point, our team at Idea Bizone can help carry out the renewal process for your company.

Allowed Activities At RAK Offshore

RAK offshore companies can carry out a wide variety of business activities. 

While inside the United Arab Emirates, these companies can:

  • Hold assets
  • Have bank accounts in the company name
  • Own property in freehold areas of the UAE

Outside the UAE, these companies are permitted to carry out these activities:

  • Advisory and consultation services
  • General trade
  • Shipping and ship management
  • Investment and joint investment company 
  • Commission agents company
  • Professional services

Some activities are prohibited to RAK offshore companies, including insurance and fund management. Other activities that you should avoid as an offshore company in Ras Al Khaimah include cryptocurrency, gambling, gold or diamond trade, charities and non-profit organizations, money lending services, trading of luxury goods, mining, and the business of petrol and crude oil. 

You can consult our team at Idea Bizone if you’re unsure whether your company’s business activity falls in the permitted zone.

Why Choose Idea Bizone?

Idea Bizone is a well-established business setup consultancy. Over the years, we’ve successfully helped hundreds of clients set up profitable and thriving businesses in the United Arab Emirates. 

Our services are practical and affordable. We offer you the smartest, capital-saving solutions to get your business up and run in profit in minimal time. Our team is dedicated to fostering a relationship of trust with our clients, who we guide through every bit of the process. 

Our reviews and testimonials are solid proof of our client’s satisfaction. Idea Bizone hopes to take you into its fold so you can benefit from our services and partnerships. 

Make your first consultation appointment with Idea Bizone to benefit from us. Our dedication to our clients and In Zone’s expertise regarding all legal matters regarding RAK company formation will surely leave you completely satisfied with your choice in your business setup consultancy.

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