RAK Company Registration
First of all what is a RAK company and under what jurisdiction does it operate ?
RAK companies are located in the United Arab Emirates. RAK is short for Ras al-Khaimah, one of the seven member states of the United Arab Emirates. The free zone offering for this type of company has many benefits including limited regulations, easy access to the international labor markets and access to major trade routes between the east and west. Furthermore, and most importantly, your RAK company has zero corporate tax and zero income taxes!
A RAK IBC company has many benefits such as its privacy and security. Your RAK offshore company does not appear on any public register or the company officers (Directors, Shareholders, or Secretary) with no disclosure to authorities unless there is a breach of law. All of these benefits are yours within a stable white list OECD jurisdiction competitively priced.
To view the requirements that are necessary to set up an RAK offshore company please request a copy of the RAK Company – Registration Requirements.
RAK Offshore IBC companies are particularly beneficial for businesses operating in high tax jurisdictions. Whilst naturally companies must pay tax on business conducted within their own jurisdiction this should not necessarily apply for business that is conducted globally. Essentially business that is conducted offshore could be done so through a RAK Offshore IBC company which allows the organization to benefit from the 100% tax free status that an IBC offers.
The UAE offers International Banking, Infrastructure and is considered a Global Trading hub. Businesses can establish a RAK IBC within days at competitive prices thus saving thousands on tax on business conducted internationally.
RAK Offshore IBC companies are regulated by the same International Regulator that regulates the more established jurisdictions such as BVI, Seychelles, Caymans, Jersey to mention a few. The regulator is the OECD authority which has granted the UAE a white list status.