Incorporate you RAK OFFSHORE COMPANY IN UAE with in 24 HOURS.
- First Free Business Consultation
- License issued within 24hrs
- Set-up remotely from home
- Flexible & Cost effective option
- 100% Ownership
- No Paid up capital or Deposit required
Are you planning on setting up an offshore company formation in the UAE?
With many salient features that comes with RAK Offshore Company registration, we are pleased to offer this unbeatable package to kickstart your business.
Get in touch for a free consultation
Why Use A Holding Company?
Asset Protection
You can use a holding company to distribute profits of a company that is actively trading. The reason being “trading companies” are potentially at risk of lawsuits or asset freezing because they engage in contracts and actively perform economic activities. In such cases, assets kept in a holding company are usually out of reach for creditors.
Top Holding Benefits
You can use a holding company to combine all your assets under one “umbrella.” making it a “top holding” company. This makes it easy to transfer shares when the owner passes away.
Tax Benefits
You can use a holding company to consolidate and reinvest the subsidiaries’ profits in a tax-efficient manner. Having a holding company in a tax-friendly jurisdiction can have tremendous tax benefits when this is structured correctly.
Why Ras Al Khaimah Offshore Company As Holding Company?
- There are no income taxes in the UAE. So, from the UAE’s perspective, you do not have to consider tax.
- There is no audit, so you save time and money during annual renewal.
- Shareholders and directors are not on public record, so details are pretty confidential to protect you from malicious creditors.
- The UAE has an extensive network of tax treaties from which you could potentially benefit.
- The UAE has a world-class banking system.
- The UAE has a good reputation in the international financial community; it is not considered an offshore haven and is influential enough not to have its policies entirely dictated by the “international community.” There are a lot of excellent reasons to do business inside the UAE.
Steps to offshore company formation
Provide us the documents required
Application form signing
Trade name approval
Activity approval
License issuance
STANDARD LEGAL REQUIREMENTS & SUPPORTING DOCUMENTS
INDIVIDUAL SHAREHOLDER(S) & MULTIPLE SHAREHOLDER(S)
- Up to date clear Passport Copy – if you have visited the UAE recently, please provide the entry stamp page too.
- Proof of Residence – Utility Bill, Telephone Bill.
- C.V. (Resume) – Most up to date
- Bank Reference Letter
The requirement is the same as above for multiple shareholders, Every Shareholder and Director must provide the documents mentioned above
CORPORATE SHAREHOLDER(S)
- Certificate of Incorporation of the existing company [notarized and attested/ apostilled]
- Certificate of Good Standing of the existing company [notarized and attested/ apostilled]
- Memorandum and Articles of Association [notarized and attested/ apostilled]
- Board Resolution – Calling for the establishment of an IBC or Offshore formation [notarized and attested/ apostilled]
- Power of Attorney [notarized and attested/ apostilled]
Wait no more. Consult for free & Register your RAK Offshore company TODAY!
There can be really exciting uses of the UAE in international tax planning (for example, as a holding company of Cyprus companies). Consult with us today to learn more on set an offshore company. This can be done through hiring an expert business consultancy. MSZ Consultancy is a team of the leading business consultants in Dubai. Our team of professionals will assist you with offshore company setup.
Using RAK Offshore Company To Hold Shares Of A UAE Free Zone Company
To hold shares in a UAE Free Zone Companies, the RAK Offshore company is perfect.
The RAK offshore holding company ensures that an investor has all the benefits mentioned about asset protection, tax planning, confidentiality, and estate planning.
And since the holding company is within UAE, there are no legalisation issues. Free Zones in the UAE certify the stamp and signature of the registered agent. Passes a resolution before the registered agent, which can be verified and used as if it were a power of attorney given before the court.
Using RAK Offshore In A Multinational Corporate Structure
Setting up a RAK Offshore company in an international corporate structure requires more careful planning and some considerations.
- When you use a RAK Offshore company to hold the shares of a foreign company, the foreign notary or the bank often demands to see legalised originals of the corporate documents and an authorized resolution. The result is the four corporate documents have to be legalised at the cost of around 600-900 Euro each.
- Several countries do not have embassies inside the UAE (or vice versa). Hence the legalisation process is going to be very difficult. Plus, every time something in the structure is amended, a resolution is passed, or a certificate of good standing is requested, alternative legalisation might need to be expected.
- There are specific considerations concerning inheritance. The process, as described, might ease up the use of assets from a UAE perspective. This might be precisely the opposite of what a wealthy individual wants in terms of estate planning.
- When you use a RAK Offshore company to hold the shares of a foreign company, the foreign notary or the bank often demands to see legalised originals of the corporate documents and an authorized resolution. The result is the four corporate documents have to be legalised at the cost of around 600-900 Euro each.
- Several countries do not have embassies inside the UAE (or vice versa). Hence the legalisation process is going to be very difficult. Plus, every time something in the structure is amended, a resolution is passed, or a certificate of good standing is requested, alternative legalisation might need to be expected.
- There are specific considerations concerning inheritance. The process, as described, might ease up the use of assets from a UAE perspective. This might be precisely the opposite of what a wealthy individual wants in terms of estate planning.
Setting up RAK offshore as a subsidiary for a foreign corporate structure has are three primary considerations.
- Banks in the UAE are required by the central bank to obtain legalised corporate documents of all shareholders. Again, this can increase costs.
- In addition, free zone authorities and the people working at banks in the UAE have difficulties understanding large corporate structures. And we do not mean extensive Christmas trees but anything with more than two shareholders or even worse, different layers of shareholders. The big international banks like Barclays did understand these structures. The problem is that they have left Dubai. The private banking department of Emirates also understood these structures, but they have stopped accepting RAK Offshore.
- Since recently, RAK FTZ requests certificates of good standing of corporate shareholders every year at renewal.
Who we are?
A leading management consultancy and advisory firm with a team who has been contributing their expertise within the UAE for over 15 years
What do we do?
We help in your business setup in UAE specialized in all form of company formation along with financial and legal suggestions while setting up a business in Dubai, UAE
How do we do it?
We have a unique team consisting of business setup consultants, lawyers and PRO executives that can set up your business with ease and precise execution.
Why Us?
MSZ Consultancy is one of the few consulting companies in Dubai which provides valuable insights to customers which seamlessly helps them embark on their business journey.
Why Us?
MSZ Consultancy is one of the few consulting companies in Dubai which provides valuable insights to customers which seamlessly helps them embark on their business journey.
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