RAK Offshore Company Formation
The Ras Al Khaimah International Corporate Centre is the offshore complex located in Ras Al Khaimah. This is the merger of the previous offshore structures of Ras Al Khaimah - RAK Offshore and RAK IC. These two were similar but had differences in the applicable regulations. The rules and regulations of the International Corporate Centre are more exhaustive and comprehensive yet streamlined for ease of the procedure. Since the RAK ICC is the only offshore company format, it is usually referred to as RAK Offshore Company.
Advantages of RAK Offshore Company Setup
Those who want to setup an offshore company in Ras Al Khaimah will be able to avail several advantages:
- 100 % Foreign Ownership
- Corporate Income Tax is 0%
- No accounting necessities
- Can be registered by one shareholder
- Shareholder and Residencies
- No Audit Required
- Fully Compliant with International Regulations
Documents Required for Individual Shareholder
- Copy of a valid passport of every single shareholder
- Proposed company names
- Business & Personal Profile of Each Shareholder
- Proof of physical address
- A good standing letter of the bank
Documents Required for the Corporate Shareholder
- Certificate of Incorporation
- Memorandum and Articles of Association
- Power of Attorney and Board Resolution
- Incumbency Letter and Good Standing Certificate
- Profile of Directors/ Secretary
- Bills of Corporate Shareholders and Directors
- Bank Reference of the shareholder
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