Business Setup in RAKICC
Ras Al Khaimah is one of the most preferred offshore zones in the UAE, as the cost of setting up business here is significantly lower. Physical presence in the UAE is essential for the incorporation procedure; otherwise, the paperwork must be notarized. It is preferable to use the assistance of a registered agent for all of this.
HLB HAMT is a registered agent with RAKICC and an industry expert in offshore business consulting. Businesses seeking to reduce taxes, safeguard assets, and manage liabilities can benefit from our services. We provide business setup in RAKICC, UAE be it legal or financial.
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.
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