26

Jun

INTERESTED TO OPEN RAK OFFSHORE COMPANY

By PBSolutions
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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.

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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