Business Setup in Ras Al Khaimah Offshore

Ras Al Khaimah Offshore (RAK ICC) offers a hassle-free and business-friendly environment, making it an ideal choice for business owners and investors to establish and expand their offshore businesses. Companies that choose to form on RAK Offshore enjoy tax optimisation, complete banking security, and full privacy.

Here are some of the advantages:

Gateway to an International Market
Business Friendly Legal System
Global Funding Potential
Low Tax Liability
Flexible Rules and Regulations
Multiple Bank Accounts
Confidentiality and Privacy

MSZ Consultancy has 15 years of experience helping investors, large and small businesses to make their way in the UAE. We handle it all, from the licensing to staying on top of critical renewals, making your business setup experience easy and stress-free.

Activities Permitted in Ras Al Khaimah offshore

Businesses operating in RAK Offshore typically include:

Inside UAE

As an offshore company in UAE, you may carry out the below-mentioned activities

Asset holding
Owning properties
Bank account holding

Outside UAE

Certain main activities that an offshore company of RAK can hold are below

General trading
Consulting or advisory services
Having a holding company
Owning properties
Internal corporate services
Shipping related services
Professional services

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Required Documents and Steps to Obtain Your Business License in RAK Offshore

Obtaining your RAK Offshore business license is designed to be easy, and hassle-free. Here are the steps you’ll need to take to secure your license, and the documents you’ll need to send with your application:

Required Documents

Bank reference letter
Proof of residence
Copies of passport
Bank statement for the last six months

Steps to Get Your Business License

Get Approval for Your Company Name
Gather and Submit Required Documents
Pay Necessary Fees
Start Your Business

Requirements for Starting a Business in RAK ICC Offshore

Thinking of starting a business in RAK Offshore? Here are the requirements:

1. Shareholders

At least one shareholder is required.
Corporate shareholders are allowed.
Bearer shares are not permitted.

2. Annual Reports and Audit

Accounting records must be kept for seven years.
Submission of accounts to RAK ICC Authority on request.

3. Name and Activity Restrictions

Company name must end with 'Limited' or 'Incorporated'.
Avoid specific terms like Assurance, Bank, and Trust.

4. Local Prerequisites

A registered office address and agent are mandatory.
The agent's office can serve as the registered office.

5. Directors

A minimum of one director is required.
Corporate directors allowed.

6. Secretary

A secretary is required for every offshore company.

7. Timescale

Company registration takes three working days.

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Experience

MSZ Consultancy Can Help You Form Your Business in RAK Offshore

Unlock the potential of your business with MSZ Consultancy. Whether you're seeking guidance on setting up a business in Dubai or need assistance with legal structures, our experienced consultants are here to help. From business licensing to visa applications and PRO services, we've got you covered.

Let us steer your business towards the success it deserves. We’ll be your guide from beginning to end, and make owning a business rewarding and stress-free.