rak icc

Set Up Your Offshore

Company in RAK ICC

Entrepreneurs seeking to broaden their business scope have a golden opportunity with RAK ICC company formation in the UAE. Standing out among various options, RAK ICC offshore company formation is a strategic and advantageous choice. These offshore entities, specifically in the Ras Al Khaimah International Corporate Centre (RAK ICC), are incorporated in the UAE while primarily operating internationally. This unique structure offers the benefit of limited liability, crucial for protecting business finances.

A RAK ICC offshore company serves a variety of purposes including international trading, shipping, patent management, international consulting, real estate ownership, copyright registration, or acting as holding companies. For entrepreneurs keen on RAK ICC company formation, it’s essential to recognize the distinct advantages offered by RAK ICC. Unlike other territories, RAK ICC provides a streamlined, business-friendly environment, making it an ideal location for establishing and growing an offshore company.

Get in touch

[contact-form-7 id="7" title="Contact Form"]

Advantages of Setting Up Your
JAFZA
Offshore Company

Confidentiality

Setting up an RAK ICC offshore company guarantees confidentiality. Offshore companies in the RAK ICC aren’t required to publish any financial information or share their directors’ & shareholders’ personal details on public records. Additionally, there is no requirement for these offshore businesses to be audited, further enhancing privacy.

Fewer Liabilities

Opting for RAK ICC company formation ensures that the company’s possessions and assets are well-protected in case of legal pursuits. This structure also enables asset protection for investors, creating a legal barrier between the company’s resources and any third parties.

Avenue to International Expansion

Forming a RAK ICC offshore company provides a UAE-based address, immediately boosting credibility for the business. This opens new opportunities for international partnerships and activities. Additionally, it allows for the opening of a UAE bank account, which is pivotal for a RAK ICC offshore company looking to engage in multiple currencies and global transactions.

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.

Set Up an Offshore Company

Depending on your business needs, you may choose to set up an offshore
company from one of these three options:

 

RAK ICC  |  Jafza    Ajman Free Zone

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 RAK ICC Offshore Company with Multiple Shareholders:

  • Applicant Company’s Attested Photocopy of Business License or Incorporation Certificate
  • Attested Memorandum of Association for RAK ICC company formation
  • Attested Shareholder’s Resolution
  • Passport Copies of all Directors and Shareholders
  • Certificate of Good Standing
  • Incumbency Certificate of the Company
  • Note: Authorities may request additional documents for RAK ICC company formation.

Explore Monthly
Payment Plans

with Selected Banks

Convert your transactions into easy and affordable monthly instalments with our selected range of banking partners. Spend a minimum of AED 1,000 on your credit card issued from any of our participating banks and repay in easy instalments over a period of 12 months.

Steps

  • Make a minimum purchase of AED 1,000 using your credit card for any services provided by Creative Zone.
  • Call the banking services of any of our partner banks and request to convert your purchase into an Easy Payment Plan.
  • Get the option of paying over 3, 6, 9 or 12 months

General terms and conditions from the banks will be applicable.

Steps in Setting Up Your Offshore Company
in RAK ICC

Creative Zone offers comprehensive guidance and support throughout the process of RAK ICC company formation, simplifying the intricate steps of establishing a RAK ICC offshore company in Ras Al-Khaimah International Corporate Centre (RAK ICC).

  1. Select your company name & activities for RAK ICC Company Formation

    Start the process by determining your business activities for your RAK ICC offshore company. Then, choose a unique name that fits your company and is appropriate.
  2. Consult a registered agent for your RAK ICC Offshore Company

    Reach out to one of RAK ICC’s featured agents, such as Creative Zone. We will serve as your intermediary with the government and RAK ICC, assisting you with the registration process for your RAK ICC Offshore Company.
  3. Submit the required application documents for RAK ICC Company Formation

    Put together your requirements based on the company type chosen, and submit these to the RAK ICC authorities for your RAK ICC Offshore Company.
  4. Make the required payments for your RAK ICC Offshore Company

    Submit the registration fees and other expenses online, via cash, or through money transfers. Once all requirements are submitted and the payment is processed, all that’s left to do is await the incorporation of your RAK ICC Offshore Company.
  5. Open Your Corporate Bank Account

    A dedicated business account will enable you to manage your finances more efficiently and operate smoothly for your RAK ICC Offshore Company.
Scroll to Top

Let's Know More

× Chat with us?