Offshore company formation in Ras Al Khaimah (RAK) offers a cost-effective solution for foreign investors seeking to manage assets or conduct international business. Offshore companies in the UAE provide corporate tax exemptions, 100% foreign ownership, and enhanced privacy without the need for physical office space.
Unlike free zone companies, offshore entities are structured to operate outside their jurisdiction of registration, offering greater flexibility and asset protection, especially for real estate investments. RAK stands out as a leading offshore jurisdiction due to its investor-friendly policies, multi-currency banking options, and "tax-free" status.
Setting up an offshore company in RAK UAE ensures global reach, financial efficiency, and seamless business operations. With reliable document clearing services, it becomes an ideal choice for international entrepreneurs.
Here are three Ras Al Khaimah OffShore packages for businesses in the UAE:
RAK Offshore Company formation is one of the most affordable and efficient options for international business in the UAE. Known for quick registration and low costs, RAK Offshore companies enjoy complete tax exemption, 100% profit repatriation, and strong privacy and asset protection. Although they cannot operate within the UAE or maintain a physical office, a registered agent’s address serves as the company’s official address.
As a leading offshore jurisdiction, RAK offers a business-friendly regulatory environment, ideal for expatriate entrepreneurs and global investors. At Puredocs, we provide tailored RAK Offshore setup solutions, helping you secure confidentiality, tax advantages, and business success with ease.
Fast and straightforward incorporation process.
No requirement for a local office or employees.
100% foreign ownership permitted.
Zero corporate tax and no VAT.
No import or export duties.
No requirement to file accounts (ensures maximum privacy and confidentiality).
Strong asset protection benefits.
Stable jurisdiction with no currency restrictions.
Ability to own real estate within UAE free zones.
Non-residents can invest in UAE property.
Companies can open UAE bank accounts.
Ideal offshore destination for global entrepreneurs.
Passport copy of the shareholder or investor.
Curriculum vitae (CV) of the shareholder or investor.
Utility bill or alternative documents as proof of address.
Preferred trade names for the company.
These are the key documents required for a smooth and efficient RAK Offshore company formation process.
Come up with a distinctive company name and it should reflect the rules of RAK ICC guidelines.
Appoint a registered agent licensed by Ras Al Khaimah International Corporate Centre (RAK ICC).
Complete the application form as well as provide required documentation once completed which include:
Prepare the Memorandum of Association (MOA) and Articles of Association (AOA) as per RAK ICC requirements.
Submit documents to RAK ICC for approval and company incorporation.
You will then be given a Certificate of Incorporation after the approval.
Open a UAE offshore bank account for managing business activities and transactions.
RAK Offshore offers 100% foreign ownership, no corporate tax and it does not require any physical office criteria, so this is the best for privacy, asset protection and international business.
The costs to set up an offshore company in Ras Al Khaimah (RAK) typically include:
Overall, initial setup costs range from AED 20,000 to AED 50,000, with annual maintenance between AED 15,000 and AED 25,000.
Setting up an offshore business in Ras Al Khaimah typically takes around 2 to 3 weeks. The process begins with company registration, which usually takes about 5 to 7 business days for document processing. After that, obtaining the necessary business license can take another 1 to 2 weeks, depending on the type of business. Lastly, setting up a bank account generally takes 3 to 5 business days after the company is approved. However, delays may occur depending on the complexity of the business and the required documentation.
To open a bank account for your Ras Al Khaimah offshore business, you first need to choose a bank that provides services to offshore companies in RAK. Once you've selected a bank, you'll need to prepare several key documents, including the company registration certificate, proof of identity (such as passports and address proof for directors and shareholders), a bank reference letter, and a business plan or description of activities. After gathering the required documents, submit your application to the bank for review. Once verified, the bank will approve the account and provide the necessary details. The process typically takes 3 to 5 business days, though it can vary depending on the bank’s specific requirements.
Overall, initial setup costs range from AED 20,000 to AED 50,000, with annual maintenance between AED 15,000 and AED 25,000.
RAK ICC companies must comply with Cabinet Decision No. (58) of 2020, which mandates the disclosure of Ultimate Beneficial Owners (UBO) to ensure transparency and accountability in offshore business operations.
UBO includes any natural person who directly or indirectly owns more than 25% of the shares or voting rights of a company or exercises significant control over the company. The RAK offshore businesses are required by law to keep as well as provide the RAK ICC Authority with two registers:
Banking
Insurance
Investment Fund Management
Lease Finance
Headquarters
Shipping
Holding Company
Intellectual Property
Distribution & Service Centre
Companies engaged in these activities must file ESR notifications, submit ESR reports, and pass the ESR test. Even companies undergoing liquidation must complete an ESR self-assessment to ensure compliance.
The ESR ensures that businesses conduct meaningful economic activity within the UAE, promoting fairness and transparency.
The process of incorporating a RAK offshore company is very expeditious and the overall price for formation is as low as AED 12,000. This competitive pricing structure set by the governing authorities provides exceptional value for entrepreneurs seeking to take advantage of the benefits offered by this prestigious offshore jurisdiction.
RAK ICC is one of the UAE’s most prominent corporate registries, attracting a growing number of foreign investors for offshore company formation. With innovative legislation and strong resources, RAK ICC is a prime choice for businesses, especially those needing to comply with ESR regulations.
To establish an offshore company, investors must work with a registered agent in the UAE, such as Puredocs. With years of experience, Puredocs has helped hundreds of businesses successfully set up offshore companies in RAK ICC, Ajman Offshore, and JAFZA. As a leading registered agent, we provide seamless, reliable, and cost-effective solutions tailored to your needs.
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