A few facts about RAK Offshore Company
RAK Allows 100% foreign ownership
Corporate and income tax exemption
No foreign currency restrictions
100% repatriation of capital and profits
No need for Physical office space, employees and maintenance costs
WHY CHOOSE RAS AL KHAIMAH OFFSHORE?
As the fourth largest emirate in the UAE, RAK ranks among the fastest growing emirates in the world’s most progressive economy. Strategically located in the heart of the Middle East, RAK benefits from stable governance that has a history of encouraging business setup industry in the region. With minimum oil dependence, high frequency of economic diversification schemes and world class infrastructure, Ras Al Khaimah remains one of Middle East’s most rapidly expanding areas. Aside from business set up industry, RAK also leads industrial sector as the world’s largest ceramics producer.
Unlike other offshore jurisdictions where physical presence of multiple shareholders is mandatory in Dubai, RAK offshore is exempt from such requirements where only one stakeholder is required regardless of being present physically.
Complete Foreign Ownership (without any sponsor or partner)
Ownership of Real Estate in UAE
The RAK Offshore company can own interest in real estate in the UAE and intellectual property
The RAK Offshore company can act as a Holding and doesnt need to file accounts
Offshore Company Can be Registered Remotely (without visiting UAE)
No Obligation to Submit any kind of Financial Statement
No Requirement of Physical office for Ras Al Khaimah Offshore Company
Offshore Company is not a Partner or Member of EU or OECD, hence assurance of no exchange of any information