Business Setup in RAKICC

RAK offshore supports a vast range of outsourcing companies, and several marine-related services, including an open registration facility for vessels and yachts from anywhere across the globe. For general trading and professional services at RAKICC, one need not apply for multiple licenses as one is enough.

NOTE: A major highlight while registering your company in RAKICC is its confidential nature, ensuring a highly conducive business environment for both individual and corporate investors.

Benefits of Setting up Business in RAK offshore

• Complete foreign ownership
• No need for a UAE national shareholder or sponsor
• A single person can act as a director, secretary and shareholder
• No corporate and income taxes
• No foreign currency restrictions
• Full repatriation of profits and capital
• Onshore office, employees or related costs not required
• Ability to maintain bank accounts in Dubai
• Ability to own real estate assets in Dubai and the UAE
• No capital requirements
• Absolute privacy, confidentiality and protection of assets and information

RAK offshore jurisdiction is quite flexible, and it takes hardly 2-3 days to set up a company.

HLB HAMT offers customized services to companies registering offshore businesses in the RAK free zone, depending on the business type and requirements.