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  • Dubai Business Boom: Top Strategies for Seamless Company Formation in 2024.
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Alerts
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RAK Offshore Company

Set up your offshore company quickly and easily

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Advantages of RAK Offshore Company

  • Set up your RAK offshore company in just 2-4 working days
  • Enjoy 0% tax and 0% VAT
  • Experience maximum privacy and confidentiality
  • Access a premium bank account with optional e-banking and credit card
  • Take advantage of full nominee services for added privacy (optional)
  • GWS Middle East FZE is fully licensed by the Government of Ras al Khaimah
  • Basic establishment fee starts at just $3,290 USD

About Ras Al Khaimah

Ras Al Khaimah is one of the emirates that make up the United Arab Emirates, a constitutional federation situated at the southeastern tip of the Arabian Peninsula. It boasts top-notch infrastructure, including access to over 170 shipping lines and approximately 86 airlines that connect to more than 100 cities around the globe. The RAK Investment Authority (RAKIA) introduced the concept of the International Business Company in January 2007, and it has since emerged as one of the most sought-after offshore destinations.

Highlights of RAK Offshore

  • 100% foreign ownership permitted
  • Exempt from all corporate and income taxes
  • No restrictions on foreign currency
  • Complete repatriation of profits and capital allowed
  • No local office or employees required, eliminating related costs
  • The RAK Offshore company can own real estate and intellectual property in the UAE
  • The RAK Offshore company can serve as a holding entity

Why a RAK Offshore Company?

  • Attractive Offshore Location: Ras Al Khaimah is one of the most appealing offshore jurisdictions in the UAE.
  • Lower Establishment Fees: The establishment fees in RAK are significantly lower than those in Dubai or Fujairah, while still offering the same benefits.
  • Tax Benefits: RAK provides full exemption from all corporate and income taxes.
  • Flexible Shareholder Requirements: Unlike Jebel Ali (Dubai), which requires a minimum of two shareholders and their physical presence, a RAK offshore company can be established with just one shareholder, who does not need to be present in person.

Set up your offshore company quickly and easily:

GWS Middle East FZE is pleased to provide a straightforward and rapid UAE offshore company formation service, registering your company in Ras Al Khaimah (RAK) within just 2-4 working days. This confidential jurisdiction offers numerous advantages, making the UAE an ideal foundation for your successful offshore business. RAK exemplifies a completely tax-free environment and boasts an outstanding reputation as a highly regulated financial center.

One of the key benefits of the UAE is its status as an OECD white-listed country and a hub for international investors, granting company owners easy access to well-capitalized banks in Dubai, Hong Kong, Switzerland, Liechtenstein, Luxembourg, the USA, the UK, and Andorra, all within a stable economic and political landscape. To date, over 12,000 International Business Companies (IBCs) have been registered in Ras Al Khaimah.

RAK Freezone or RAK Offshore?

When investors and entrepreneurs determine that the UAE is the ideal location for their business activities, they often ask: Free Trade Zone or Offshore—what is the best corporate structure for my type of business?

It’s important to note that offshore companies in the UAE are prohibited from conducting business activities within the country. Therefore, an offshore company is not suitable for active trading in the UAE. However, an offshore company can own real estate (subject to approval from the relevant authority where it is registered) and can function as a holding entity.

The restrictions placed on Offshore Companies are:

Offshore companies are prohibited from conducting activities within the UAE. They cannot engage in banking, insurance, or reinsurance business, nor can they act as insurance agents or brokers. Additionally, they must refrain from any activities that are restricted by the relevant authority and the regulations under which the offshore company was established.

The RAK Investment Authority (RAKIA) introduced the International Business Company concept in January 2007, making it one of the most sought-after offshore destinations globally. RAK Offshore companies are exempt from all corporate and income taxes, making them ideal for international business operations that do not require a physical presence or active business activities in the UAE.

RAK Free Trade Zone Entity

The RAK Free Trade Zone offers a cost-effective investment opportunity for maintaining an office or warehouse in the UAE. In this designated area, typical trade barriers like taxes and tariffs are eliminated, along with reduced bureaucratic requirements, to attract foreign investment. Companies in the free zone can benefit from over 50 double taxation agreements and receive an investor visa/residency, with tax exemptions lasting up to 50 years. 

A Free Trade Zone company provides full tax exemption while maintaining an active local presence, which is often necessary for international tax optimization. The authorities issue leases for actual office space, making it easier to establish a legitimate business location. Additionally, having a Free Trade Zone company simplifies the process of opening a business account in Dubai. Founders and employees can also obtain residency permits, allowing them to live in the UAE without requiring a minimum presence. This structure ensures complete tax exemption for both individuals and corporations.

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To date we are providing Accounting Services for more than 250 clients
across the UAE in Trading, Construction, Real estate, Healthcare,
Logistics and other services.
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