Interested to open RAK Offshore company

Interested to open RAK Offshore company

Leading Business Setup Consultants such as Peninsula Business Solutions (PBS) can assist you with getting a RAK offshore company in UAE and also help you open a company bank account in the UAE with your RAK offshore company.
March 20, 2016
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Interested to open a RAK Offshore company ?

Businesses, that want to be registered in the United Arab Emirates, but do not intend to conduct any substantial business in the country, can opt for RAK Offshore international registry service . This service is particularly suitable for companies looking for minimizing their overall tax liability, seeking asset protection or in need of establishing an exchange control trading vehicle.

 

How can I open a RAK Offshore company ?

This product is available only through a network of registered offshore agents (Peninsula Business Solutions) will take care of all administrative and legal matters.

Is there any requirement/regulations governing availability of names for the RAK Offshore companies ?

RAK Offshore International Business Companies (IBC) must use the suffix Limited or Ltd. to denote limited liability.

How long it takes to set up a RAK Offshore company ?

Usually it is One or Two working days.

What a RAK Offshore company may and may not do ?
  • It may have non UAE resident as director or shareholder.
  • It may have UAE resident as director or shareholder.
  • It may have corporate shareholder/corporate director
  • It does not require the shareholder/director to be physically present in the UAE for incorporation
  • It may hold shares in other UAE and worldwide companies.
  • It may maintain bank accounts and deposits in the UAE or worldwide.
  • It may own real estate in the UAE, with prior authorization from RAK Investment Authority.
  • It is not obliged to maintain its books and records.
  • It cannot have physical offices in the UAE.
  • It may not carry on business within the UAE.
  • It may not obtain UAE Residency Visa.
  • It may not do banking and insurance business without special license.

 

What are the advantages of a RAK Offshore company ?
  • 100% income tax exemption
  • 100% corporate tax exemption
  • 100% capital and profit repatriation
  • 100% ownership in Free Zones
  • No capital gains tax
  • No Value-added tax
  • No Withholding tax
  • Proximity to entire Gulf and global markets
  • Low start-up costs
  • Absolute privacy, confidentiality and protection of assets and information
  • 100% foreign ownership
  • Ability to maintain bank accounts (Current Account) in the UAE
  • Limited liability Company
  • Minimum one director required, one shareholder and one secretary (it can be the same person)
  • Own real properties in the UAE
  • Annual Audit Report not required to be submitted to the Authority
  • Time frame of 24 h
  • It does not require the shareholder/director to be physically present in the UAE for incorporation
  • No restriction on nationalities

for more details: http://www.rakoffshore.co/services/

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About

Peninsula Business Solutions (PBS) Ltd was established in the UK in 2004 and licensed by the UK OFT (Office of Fair Trading) to provide Consumer Credit Services. We are regulated by the OFT and follow the strict guidelines provided by the UK FSA (Financial Services Authority). In 2007 PBS established a branch in the UAE which provided us international presence and the ability to expand and diversify our services along with our International network and affiliations. We specialise in providing high end professional consultancy on Company Registration in Dubai, company setup services across the UAE and Debt Recovery Services