The Ras al-Khaimah
RAK ICC Offshore Business Setup is one of the most reputable and well-recognized offshore business structures in the UAE. The RAK ICC Offshore business structure is incorporated under the RAK ICC. This offshore destination is commonly utilized for worldwide trading, holding companies, asset protection schemes, investment vehicles, and foundations.
The offshore companies in RAK ICC are meant for those businesses which are not located in the UAE mainland. The features of such offshore companies include 100% foreign ownership, anonymity, tax efficiency, and flexible company structure. The offshore company in RAK ICC does not need any office space, employees, or visas.
One of the major advantages of RAK ICC Offshore is that its legal system is strong and in line with international standards. This ensures a high acceptance from international banks and financial organizations. The RAK ICC company is entitled to possess shares in other firms or have worldwide assets.
RAK ICC Offshore Business Setup is also known for wealth planning, structuring of estates, IP holding, and cross-border investment management. With minimal paperwork, no annual audit (in some cases), and easy incorporation procedures, RAK ICC is one of the most affordable offshore destinations in the UAE.
365 Day PRO Corporate Services provides complete RAK ICC offshore company incorporation services in relation to registration, paperwork, assistance in opening an offshore bank account, nominee services, and ongoing compliance services to ensure a smooth and secure offshore structure.
Advantages of RAK – RAK ICC Offshore Business Setup
- Foreign Ownership Structure in UAE Offshore Companies
- There are no restrictions imposed
- No Corporate Tax on Offshore Income (subject to regulations)
- Comprehensive Asset Protection by RAK ICC Legal System
- High Confidentiality of Shareholders and Directors
- No Physical Office or Employee Requirement
- The Most Suitable Offshore Structure for a Holding Company
- Worldwide Accepted RAK ICC Jurisdiction
- Flexible Options of Corporate Structuring
- Less Setup and Maintenance Costs
- Access to UAE & International Banking
- The Emirates Group provides employees
Benefits of RAK ICC Offshore Business Setup
RAK ICC Offshore Company Incorporation for Global Business Operations
The Ras Al
- Best offshore company formation for holding companies in UAE
- RAK ICC: offshore company formation for asset protection
- Tax-efficient company formation in Ras Al Khaimah
- RAK ICC Registration of Offshore Investment Companies
- RAK ICC offshore structure for wealth planning and inheritance
- UAE Offshore Company Formation Without Office Requirements
- Secure offshore business registration with RAK ICC
- Offshore SPV company formation in UAE
- RAK ICC: An Offshore Company for Global Trading & Investments
Step by Step Process To Offshore Business Setup In RAK
Step 1: Business Objective Evaluation & Offshore Suitability Check
The first step in the offshore business setup process involves understanding the client’s business objectives and evaluating whether the proposed activities are suitable for an offshore structure.
The first stage involves an examination of the proposed business purpose for incorporation offshore. This is done to determine whether the business purpose is eligible under the RAK ICC offshore regulations. This includes international trading, the holding of investments, the ownership of intellectual property, and the structure of an SPV. This is done to make certain that the offshore company will not conduct business within the mainland of the UAE.
Step 2: Jurisdiction & Structure Finalization
The final offshore structure is concluded, including details of shareholding structure, number of directors, authorized signatories, and nominees, if required. This offshore structure plays an essential role in getting acceptance from banks and ensuring compliance.
Step 3: Company Name Availability & Reservation
A compliant offshore company name is chosen and reserved with the RAK ICC registration. The company name has to comply with UAE naming regulations and not use restricted or regulated keywords without prior approval.
Step 4: KYC & Due Diligence Documentation
KYC documentation is initiated at this stage to verify the identity of all stakeholders involved in the offshore company.
The Know Your Customer documents are comprehensively collected for all individual and corporate shareholders, directors, and beneficial owners. Due diligence is conducted by RAK ICC to ensure transparency and adherence to global regulations.
Step 5: Preparation of Incorporation Documents
The final step before submission involves preparing and compiling all statutory incorporation documents.
All necessary documents for incorporation are drafted, such as the application form, shareholder resolutions, and ownership structure charts. Shareholder documents for corporations are attested and notarized.
Step 6: Submission to RAK ICC Authority
After completing the documentation and compliance formalities, the application is officially submitted to the authority.
The application file, once completed, is submitted for evaluation to RAK ICC. Any queries that arise are attended to immediately to prevent any hold-ups.
Step 7: Issuance of Certificate of Incorporation
The Once this is accomplished, RAK ICC proceeds to issue the Certificate of Incorporation to signify the creation of the offshore company.
Step 8: Offshore Bank Account Assistance
In this final stage, post-incorporation support is provided to make the company operational.
Assistance in opening a UAE offshore bank account or an international offshore bank account is also included in the post-incorporation services.
Documents Needed to Form RAK ICC Offshore Company
For Individual Shareholders
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Clear copy of Passport
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Address Proof (Utility bill / Bank statement)
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Bank Reference Letter (dated & stamped)
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Curriculum Vitae (CV) / Business Profile
For Corporate Shareholders
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Certificate of Incorporation
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Memorandum & Articles of Association (MOA & AOA)
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Board Resolution approving the offshore company setup
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Passport copies of all Directors & Shareholders
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Company Structure / Shareholding Chart
For Corporate Shareholders
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Certificate of Incorporation
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Memorandum & Articles of Association (MOA & AOA)
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Board Resolution approving the offshore company setup
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Passport copies of all Directors & Shareholders
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Company Structure / Shareholding Chart
Why Choose 365 Day PRO Corporate Services for RAK ICC Offshore Business Setup
365 Day PRO Corporate Services is an established expert in RAK ICC Offshore Business Setup, and we provide personalized offshore solutions that are in line with business objectives, banking, and regulatory requirements. We start with the assessment of the suitability of the RAK ICC for your purpose.
We handle the whole process of incorporation, such as name reservation, document preparation, shareholder structuring, and the process with RAK ICC authorities. Our services also include bank account help, nominees, and post-incorporation formalities.
Leveraging extensive expertise in RAK ICC regulations, as well as global banking norms, we ensure that any chances of delayed approvals are reduced. At RAK ICC, we provide a hassle-free experience for the offshore incorporation process.
The process of setting up an offshore company with RAK ICC can be done in a number of steps. Here’s a detailed process
The establishment of a firm through the Ras Al Khaimah International Corporate Centre (RAK ICC) is done in a formalized offshore incorporation structure, which is organized for the global business community. All the processes involved have to meet the required standards.
FAQs – RAK ICC Offshore Business Setup
What is RAK ICC offshore company formation in UAE?
It is an offshore structure for conducting international business and holding assets.
Is an offshore company in RAK ICC tax-free?
Yes, offshore income is exempt from taxation in general.
Can RAK ICC engage in offshore trade in the UAE mainland?
A RAK ICC Offshore Company is not permitted to conduct trading activities within the UAE mainland.
Is bank account opening possible for RAK ICC offshore?
Yes, Subject to bank compliance.
How long does it take for an offshore company to be registered with RAK ICC?
Typically 3-7 working days.
Is physical presence needed during setup?
- No, it can be done remotely.
- Yes, RAK ICC offshore companies can be owned by shareholders in corporations.
- Yes, with proper documentation.
What are the usual purposes of RAK ICC offshore companies?
Holding, investments, IP, and wealth structuring.
Are audits mandatory for RAK ICC offshore firms?
Usually not, unless it is mandated.
Why choose 365 Day PRO Corporate Services for RAK ICC setup?
Compliant setup, banking support, and offshore expertise.