Set Up Your Offshore Company in RAK ICC

Elevate your global reach and establish your offshore business with ease

Entrepreneurs seeking to broaden their business scope have a golden opportunity with RAK ICC company formation in the UAE. Standing out among various options, RAK ICC offshore company formation is a strategic and advantageous choice. These offshore entities, specifically in the Ras Al Khaimah International Corporate Centre (RAK ICC), are incorporated in the UAE while primarily operating internationally. This unique structure offers the benefit of limited liability, crucial for protecting business finances.

A RAK ICC offshore company serves a variety of purposes, including international trading, shipping, patent management, international consulting, real estate ownership, copyright registration, or acting as holding companies. For entrepreneurs keen on RAK ICC company formation, it’s essential to recognize the distinct advantages offered by RAK ICC. Unlike other territories, RAK ICC provides a streamlined, business-friendly environment, making it an ideal location for establishing and growing an offshore company.

Advantages of Setting Up Your RAK ICC Offshore Company

Confidentiality

Setting up an RAK ICC offshore company guarantees confidentiality. Offshore companies in the RAK ICC aren’t required to publish any financial information or share their directors’ & shareholders’ personal details on public records. Additionally, there is no requirement for these offshore businesses to be audited, further enhancing privacy.

Fewer Liabilities

Opting for RAK ICC company formation ensures that the company’s possessions and assets are well-protected in case of legal pursuits. This structure also enables asset protection for investors, creating a legal barrier between the company’s resources and any third parties.

Avenue to International Expansion

Forming a RAK ICC offshore company provides a UAE-based address, immediately boosting credibility for the business. This opens new opportunities for international partnerships and activities. Additionally, it allows for the opening of a UAE bank account, which is pivotal for a RAK ICC offshore company looking to engage in multiple currencies and global transactions.

Tax Incentives

In 2023, the UAE implemented a corporate tax rate of 9%. However, offshore companies, particularly those formed through RAK ICC company formation, are exempt from this tax as they are not eligible to operate their businesses within the country. This exemption is a significant financial advantage for a RAK ICC offshore company.

Set Up Your Offshore Company

Depending on your business needs, you may choose to set up an offshore company from one of these three options:

RAK ICC

Jafza

Ajman Free Zone

 

Ras Al-Khaimah International Corporate Centre (RAK ICC)

RAK ICC is one of the fastest-growing jurisdictions across the MENA Region. Renowned for facilitating the incorporation of RAK ICC offshore companies, it has a strong reputation for compliance and upholding international standards.

Benefits

  • Single-day incorporation process for RAK ICC offshore companies, available through the RAK ICC portal.
  • No restrictions on the number of shareholders in a RAK ICC offshore company.
  • No requirement for a physical office for RAK ICC company formation.
  • Access to common law courts such as ADGM and DIFC for RAK ICC offshore companies.
  • Offers a variety of legal structures tailored for different business purposes, perfect for RAK ICC company formation.
 

Requirements for Setting Up an Offshore Company in RAK ICC

The requirements to set up a RAK ICC offshore business depend on the specific structure and format of the company.

As a RAK ICC Offshore Company
With a Single Shareholder:

  • Notarized Passport Copies
  • Bank Reference Letter addressed to the RAK Offshore Authority
  • Proof of Residency
  • Curriculum Vitae
  • Bank Statement for the last six months of the Company

As a RAK ICC Offshore Company
with Multiple Shareholders:

  • Applicant Company’s Attested Photocopy of Business License or Incorporation Certificate
  • Attested Memorandum of Association for RAK ICC company formation
  • Attested Shareholders’ Resolution
  • Passport Copies of all Directors and Shareholders
  • Certificate of Good Standing
  • Incumbency Certificate of the Company
  • Note: Authorities may request additional documents for RAK ICC company formation.

Explore Monthly Payment Plans with Selected Banks

Convert your transactions into easy and affordable monthly instalments with our selected range of banking partners. Spend a minimum of AED 1,000 on your credit card issued by any of our participating banks and repay in easy instalments over a period of 12 months.

Steps

Make a minimum purchase of AED 1,000 using your credit card for any services provided by Rapid Zone.

 

Call the banking services of any of our partner banks and request to convert your purchase into an Easy Payment Plan.

 

Get the option of paying over 3, 6, 9 or 12 months

*General terms and conditions from the banks will be applicable.

Steps in Setting Up Your Offshore Company in RAK ICC

Rapid Zone offers comprehensive guidance and support throughout the process of RAK ICC company formation, simplifying the intricate steps of establishing a RAK ICC offshore company in Ras Al-Khaimah International Corporate Centre (RAK ICC).

Start the process by determining your business activities for your RAK ICC offshore company. Then, choose a unique name that fits your company and is appropriate.

Reach out to one of RAK ICC’s featured agents, such as Creative Zone. We will serve as your intermediary with the government and RAK ICC, assisting you with the registration process for your RAK ICC Offshore Company.

Put together your requirements based on the company type chosen, and submit these to the RAK ICC authorities for your RAK ICC Offshore Company.

Submit the registration fees and other expenses online, via cash, or through money transfers. Once all requirements are submitted and the payment is processed, all that’s left to do is await the incorporation of your RAK ICC Offshore Company.

A dedicated business account will enable you to manage your finances more efficiently and operate smoothly for your RAK ICC Offshore Company.