More or less a new offshore jurisdiction but RAK Offshore companies are flexible International Business Company (IBCs) that can serve many objectives; trading operations, asset protection, tax planning, real estate holding, trusts, funds etc 

RAK OFFSHORE – FEATURES AND REGULATIONS

  • The capital of the company can be of any amount divided into any denomination
  • The minimum number of shareholder and director is one
  • All shares must be fully paid when allocated and no bearer shares or differential classes of shares are allowed. There is no requirement to deposit the capital in bank
  • 100% foreign ownership permitted and 100% tax and duty exemption
  • Opening corporate bank account in a bank at Dubai, UAE
  • A registered agent (legal firms, auditors, consultants) is required to be appointed by the Company from the approved list of registered agents maintained by RAK free zone. We are an approved registered agent with RAKIA
  • The Offshore domicile is located in the RAK freezone
  • The investors need not visit the authority to incorporate the company
  • Audited financials will be requested only in case of suspicion