Offshore Company Formation (RAKICC)
As a government corporate registry in the emirate of Ras Al Khaimah in UAE, RAK International Corporate Centre (RAKICC), provides registration and formation of company for international Business to function as an offshore company in UAE.
In other words, an entity or corporate who wants to operate from UAE but has their parent company registered in a different territory. The Ras al Khaimah International corporate center (RAKICC) offers Offshore company formation in UAE in the most affordable way.
Benefits of an Offshore business setup in RAKICC
By listing your company as an Offshore setup in RAKICC, it has its own set of benefits that these offshore companies alone enjoy or entitled to. Following are few points
- Ideal business setup for international market expansion
- A clearer means to achieve more extensive funding benefits
- Zero taxation
- Not obliged to file accounts in any emirate
- It offers 100% Ownership of the business
- To facilitate global transactions, a multi-currency bank account can be opened.
- Swifter process of incorporation of Offshore entity
- Confidentiality maintained
- Shareholders or the business owners need not be physically present to setup an Offshore company
Fact checklist in Offshore Business setup in RAKICC
There are few points that one needs to understand while opting for the RAKICC Offshore entity.
- These offshore companies cannot operate their business inside any emirate of UAE
- RAKICC Offshore company doesn’t provide any residency visa.
- Office space cannot be rented inside UAE, incase of Offshore registered under RAKICC
Establishing a RAKICC offshore company
- First and foremost is to name your business based on your activity
- Identify your company activities you are planning to carry out
- A hierarchical structure needs to be constructed based on your share holders
- Present the credentials appropriate to your business for approval
- On approval, get your license issued after payment of fees
There will be times while forming an Offshore company, lots of uncertainties come across your mind, whether are we making the right choice, or is this the right way to proceed and it makes more difficult when you are trying to establish the company sitting at a different territory.
Yes Dubai can help you in erasing all these uncertainties by guiding you through the entire process of establishment so that you can start your venture with absolutely no hassle.
Though the formation of RAKICC setup is considered to be the easiest, a simple error can delay your process in getting the same. At Yes Dubai we make sure that the entire process is done hassle free and at the earliest for you to start your venture without any worries of mishap.