Ras al-Khaimah (RAK), is one of the most popular investment destinations in the United Arab Emirates for businesses and individuals worldwide due to its excellent connectivity, ease of doing business, hassle-free business setup, and tax benefits. RAK International Corporate Centre (RAK ICC), also known as RAK Offshore is the new offshore jurisdiction formed as per the Decree No.12 of 2015 and amended by Decree No.4 of 2016.
Ras al-Khaimah International Corporate Centre has been formed by consolidating two companies, RAK IC and RAK Offshore. RAK International Companies (RAK IC) was a part of RAK Free Trade Zone earlier and was registered by the RAK Free Trade Zone Authority. Whereas, RAK Offshore was a part of the RAK Investment Authority and was registered by RAKIA.
RAK ICC is responsible for the registration and incorporation of companies in RAK Offshore. It’s mandatory for each RAK ICC Offshore Company to have a licensed registered agent in RAK Offshore, and the team at Maven Business Consultancy can act as your registered agent in the RAK Offshore. Our team understands what it takes to setup a RAK ICC company and helps global investors with streamlined and hassle-free RAK offshore company formation. Here are few key things to know before you opt for Ras al-Khaimah company formation:
At least one shareholder is required for RAK offshore company formation.
At least one director is mandatory for RAK offshore company setup, who may or may not be the resident or national of UAE. Corporate directors are acceptable.
Investors can engage in any of the following business activities in RAK Offshore except Banking, Finance, Fund Management, Insurance, Investment Schemes, Trust Management, etc. Permissible activities include - Art Trading, Consulting, Holding Different Assets, Logistics, IT, Media, Contracting, Design, Engineering, Healthcare, Manufacturing, Production, Project Support, Research, Trading, etc.
Investors need to deposit a fully paid up share capital of AED1,000 (minimum requirement).
Company incorporation in RAK takes approximately 2 to 3 working days, subject to the name approval.
Each company must have a registered office in the RAK ICC Offshore, provided by a licensed service provider.
Following documents are required from shareholders, directors, & Secretary, for Ras al-Khaimah company formation (Shareholders, director, and the secretary can be the same person):
An RAK ICC offshore company cannot:
The details of shareholders, directors, assets, etc. remain confidential and is not disclosed to the public.
Here are some reasons why global investors opt to setup business in RAK Offshore:
Ras al-Khaimah company formation is very easy and cost-effective, if you contact an officially registered RAK ICC agent like Maven Business Consultancy. We take entire responsibility of handling legal and document formalities and timely submit all the incorporation documents to the Companies Registrar. We being the registered agent take care of all the incorporation formalities and Offshore Company Registration in RAK ICC without mandating the physical presence of the applicant.
Our reliable RAK ICC authorized agents perform the following activities:
"At the outset, Maven BC presented us with a fully detailed costs and logistics plan. It was all in place, and we were able to prioritize things and decide the path to take based on their plan. That very first step impressed us a lot. Keep it up, Maven Business Consultancy ."
At Maven business consultancy, we are readily available 24/7 to answer all your queries regarding the establishment of a new business in UAE. Our experienced and knowledgeable staff would be happy to help with all your business requirements, while ensuring your correspondence remains totally confidential.Contact Us
or Call +971 55 679 1998