Establish your offshore company in RAK ICC and expand your global presence effortlessly.
Set Up Your Offshore Company in RAK ICC
Entrepreneurs can expand their business globally with ease through RAK ICC company formation in the UAE. Operating primarily internationally, RAK ICC offshore entities offer limited liability and various advantages, such as streamlined processes and a business-friendly environment, making it an ideal choice for entrepreneurs
Book a Free Consultation
To Start Your Business
OUR SERVICES
Confidentiality
Creating an RAK ICC offshore company ensures privacy. Such companies are not obliged to disclose financial data or personal information of directors and shareholders in public records. Moreover, there’s no need for audits, adding another layer of confidentiality.
Fewer Liabilities
Choosing RAK ICC company formation guarantees robust protection for the company’s assets in legal scenarios. This framework also offers asset safeguarding for investors by establishing a legal shield between the company’s resources and external entities.
Avenue to International Expansion
Establishing an offshore company in RAK ICC offers a UAE-based address, enhancing the business’s credibility right away. This creates avenues for international collaborations and operations. Moreover, it facilitates the opening of a UAE bank account, essential for conducting diverse currency transactions and global business activities.
Tax Incentives
In 2023, the UAE implemented a corporate tax rate of 9%. However, offshore companies, particularly those formed through RAK ICC company formation, are exempt from this tax as they are not eligible to operate their businesses within the country. This exemption is a significant financial advantage for a RAK ICC offshore company.
Ras Al-Khaimah International Corporate Centre (RAK ICC)
RAK ICC stands out as one of the fastest-growing jurisdictions in the MENA Region. It is widely recognized for its efficient facilitation of RAK ICC offshore company incorporations, boasting a solid reputation for compliance and adherence to international standards.
Benefits
- RAK ICC offshore companies can be incorporated in just one day through the RAK ICC portal.
- There are no limitations on the number of shareholders in a RAK ICC offshore company.
- Physical office space is not mandatory for RAK ICC company formation.
- RAK ICC offshore companies have access to common law courts like ADGM and DIFC.
- Various legal structures are available to suit different business needs, making them ideal for RAK ICC company formation.
Requirements for Setting Up an Offshore Company in RAK ICC
The requirements for establishing a RAK ICC offshore enterprise vary based on the particular structure and configuration of the company.
Requirements for Setting Up an Offshore Company in RAK ICC The requirements to set up a RAK ICC offshore business depend on the specific structure and format of the company.
As a RAK ICC Offshore Company
with a Single Shareholder:
- Notarized Passport Copies
- Bank Reference Letter addressed to the RAK Offshore Authority
- Proof of Residency
- Curriculum Vitae
- Bank Statement for the last six months of the Company
As a Multi-Shareholder RAK ICC Offshore Company
- Attested Copy of the Business License or Incorporation Certificate for the Applicant Company
- Attested Memorandum of Association for the establishment of the RAK ICC firm
Resolution of Attested Shareholder - All directors’ and shareholders’ passport copies
- Acknowledgment of Excellent Standing The company’s certificate
Note: Additional documentation for the formation of the RAK ICC corporation may be requested by authorities.
Expense of Establishing a business in Sharjah Media City Free Zone
The cost of establishing a company in Sharjah Media City Free Zone begins at AED 6,000.with variations depending on factors such as business activities, shareholder count, office space needs, and additional considerations.
Discover Monthly Payment Options with Preferred Banks
Transform your purchases into convenient and budget-friendly monthly payments through our curated selection of banking partners. Simply spend a minimum of AED 1,000 on your credit card issued by any of our participating banks and repay in manageable installments over a 12-month period.
Select Your Bank
Steps:
1.Make a minimum purchase of AED 1,000 using your credit card for any services offered by Proactive Zone.
2.Contact the banking services of one of our partner banks and request to convert your purchase into an Easy Payment Plan.
3.Choose from the option to pay over 3, 6, 9, or 12 months.
*General terms and conditions from the banks will apply.
Proactive Zone
How to Establish an Offshore Company
The Proactive Zone facilitates the complex process of forming an offshore company at Ras Al-Khaimah International Corporate Centre (RAK ICC) by providing all-inclusive assistance and support during the company formation procedure.
Select your company name & activities for RAK ICC Company Formation
Establish your business operations for your RAK ICC offshore firm before beginning the process. Select a distinctive name that is acceptable for your business after that.
Contact your RAK ICC Offshore Company's registered agent.
Speak with Proactive Zone, one of RAK ICC's recognized agents. We will help you register your RAK ICC Offshore Company by acting as your go-between with the government and RAK ICC.
Apply for RAK ICC Company Formation and submit the necessary paperwork.
Compile your criteria for your RAK ICC Offshore firm based on the selected firm type, then send them to the RAK ICC authorities.
Complete the necessary payments for your offshore company, RAK ICC.
Send money transfers, cash, or online payments for the registration fees and other costs. The only thing left to do is wait for your RAK ICC Offshore Company to be incorporated after all conditions have been met and the payment has been completed.
Register for a Corporate Bank Account.
You can run your RAK ICC Offshore Company more smoothly and manage your cash more effectively if you have a dedicated business account.
