OFFSHORE COMPANY SETUP IN UAE
Fundamentally used for the minimization of taxation, protection of assets purposes, International Business Company (typically known as an offshore company) became the most attractive corporate structure for foreign investors. Offshore company setup is the mechanism of the first choice for the financial privacy, zero bureaucracy, low cost, security and property rights and foreign investments. Offshore company registration in the UAE provides you with the real opportunity legally to raise profitability of your business, simplified reporting system, anonymity and confidentiality.
As an active registered agent of the International Corporate Center Ras Al Khaimah, My Business Consulting DMCC will provide you the best solution to set up a new offshore company to optimize your business.
UAE OFFSHORE COMPANY SETUP ADVANTAGES
Financial Privacy
Great Tax Incentives
Security & Property Rights
Low Cost Company Formation
Asset Protection & Risk Mitigation
RAK INTERNATIONAL CORPORATE CENTRE (RAKICC)
RAK International Corporate Centre is a Company Registry in the Emirate of Ras Al Khaimah, United Arab Emirates. RAKICC is the consolidation of two company registries: RAK International Companies (formerly a part of RAK Free Trade Zone) and RAK Offshore (formerly a part of RAK Investment Authority). RAKICC is in charge of the registration and setup of International Business Companies - RAK ICC Offshore Companies, as well as providing a full suite of registry services related to international business company activity. RAKICC is an advanced, world-class organization registry operating in full consistency with international norms and best practices in the International Company Formation industry.
WHY TO CHOOSE RAKICC
Ras Al Khaimah is one of the seven emirates of the United Arab Emirates. Located to the east of the Arabian Gulf, in the northern part of the UAE, Ras Al Khaimah is bordering Oman. This emirate is famous for its business savvy regulations, and being registered in RAKICC implies that your offshore business setup can leverage on various privileges. RAKICC combines security and confidentiality as entrepreneurs get the opportunity to exploit 0% income, wealth, and sales tax while corporations use on corporate tax exemptions. MY Business Consulting DMCC is a Registered Agent for RAKICC, and can help you get started right way!
RAKICC COMPANY SETUP ADVANTAGES
The RAKICC offshore company is set up without the necessity to have the physical office on the territory of the UAE and can only conduct business outside of the country. Whereby such an organization can have the bank account in Dubai bank or any other Emirate. Among other advantages there is no requirement to provide annual financial statements to the authorities on companies of this type, and it is very easy to maintain the company – all you need to do is annually renew the company.
100% foreign ownership
0% corporate and personal tax
Audit Report is not compulsory
Zero Bureaucracy & Streamlined Administration
There is no public registry published
100% repatriation of capital and profits
RAKICC is favorably located and is only within 1-hour drive from Dubai
No restrictions on the directors'/shareholders' residency or citizenship
Personal presence is not required for company incorporation
Low cost of company setup and Quick Company Registration
No requirements for the minimum share capital
IMPORTANT INFORMATION
Absolute privacy, confidentiality and protection of assets and information
RAK ICC shareholders and members are not eligible to apply for resident visa in UAE.
RAK ICC company (not authority) can obtain corporate tax exemption certificate.
RAK ICC cannot have physical office in the UAE.
RAK ICC can maintain a bank account within or outside the UAE.
RAK ICC can own shares of any UAE company - IC, Free Zone or Local Company.
My Business Consulting DMCC endeavors to serve its customers with professional consultancy that can bring value to your newly formed Offshore business. Connect with us today and learn about all benefits of RAK ICC Offshore Company.
My Business Consulting DMCC strives to serve its clients with consultancy and support that can drive value in their business. Get in touch with us today and learn more on how you can benefit as a RAK ICC.
At My Business Consulting DMCC, we assist you get complete support to register and maintain your status as a Ras Al Khaimah International Corporate Centre. As an active Registered Agent of RAK ICC, we can help you maintain and grow your foreign business venture within or outside the UAE by providing complete support for establishing subsidiaries to purchasing shares and opening new bank accounts.
Leveraging 18 years’ experience of Company Setup and Business Development in the United Arab Emirates, at My Business Consulting DMCC, we will gladly help you register and maintain your RAK ICC Offshore Company, will provide comprehensive assistance in establishment of subsidiaries, purchasing company shares, as well as opening new bank accounts.
New Offshore Company in RAKICC Registration Fee
| REGISTRATION PACKAGE SERVICES | COST |
|---|---|
| Corporate Consultancy Company Registration Company Stamp Registered Agent Services for 1 year Registered Address in Dubai for 1 year (required for opening a bank account) | USD 4,000.00 |
NOTE:
Additional Fees may apply for Corporate Shareholder and/or more than 2 shareholders and/or special activities.
Fees are the subject for additional 5% Value Added Tax (VAT).
| INDIVIDUAL SHAREHOLDER | Passport, UAE Residence Visa (if available), Latest Utility Bill, Current Dated Bank Reference Letter, Updated Comprehensive Resume/CV |
| CORPORATE SHAREHOLDER | Certificate of Incorporation, Memorandum and Articles of Association, Certificate of Good Standing, Certificate of Incumbency or Extract of Company, Board Resolution |
| APPOINTED MANAGER/OFFICER (if not a shareholder) | Passport, UAE Resident Visa (if available), Comprehensive Resume/CV |
NOTE: All documents must be in either Arabic or English, if not must be translated to English. Authority reserves the right to request for further documentation depending on the structure of ownership and background of each shareholders.
THE INFINITE OPPORTUNITIES OF DUBAI
BANK ACCOUNTMANAGEMENT
A bank account is definitely one of the most important requisites of starting a business. The UAE is home to various local and international banks that provide a wide range of services and facilities once you open a bank account. By opening a bank account in Dubai or any other Emirate for that matter, you get the option to open corporate & personal bank accounts for residents, bank accounts for non-residents, offshore bank account, fast and secure online banking, debit/credit cards, cheque books and locker facilities.
READ MORECORPORATEFINANCE
While UAE offers a business friendly environment for foreign investments, you may not be familiar with the accounting system practiced in the country. Hence, a large number of foreign business acquire bookkeeping services to ensure that audits and compliance. At My Business Consulting DMCC, we provide a complete suite of accounting services to help all types of business maintain focus on their operations. With more than 18 years of experience in the UAE, our accounts are qualified to provide you with:
READ MOREEMIRATES RESIDENTVISA SUPPORT
The United Arab Emirates (UAE) is a global leader in business and residence, where having an Emirates ID entitles you to engage in various lucrative opportunities. Getting a UAE residence visa means that you can avail tax exemptions, high standards of life, and excellent opportunities for business development backed by economic and political stability. At My Business Consulting DMCC, we provide our clients with residency support to help them find their feet and start life in the UAE.
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