How to Setup a Company in RAK OFFSHORE?
Here are the key steps to set up a business in RAK OFFSHORE.
Key Benefits of Business Setup In RAK OFFSHORE
1
100% Foreign Ownership
RAK Offshore affords 100% foreign ownership, implying full ownership and control by international entrepreneurs.
2
No Income Tax
0% income and corporate tax policies maximize offshore zone profits.
3
Confidentiality
The anonymity of the shareholder and directors is well maintained as according to rigid regulations.
4
Low Setup Costs
Low and competitive price registration and maintenance fees give RAK Offshore as an attractive choice for any startup.
Frequently Asked Questions
Benefits of RAK Offshore:
1. All corporate as well as income taxes exemptions
2. No restrictions on foreign currency, and
3. Profit and capital fully repatriable
Steps to Open A Business in the RAKEZ Free Zone
1. Decide on the Business Activity.
2. RAK free zone permits a wide range of business operations.
3. Register Your Trade Name.
4. Decide Your Company Structure.
5. Apply for the Business Licence.
6. Get Your Business Licence.
7. Rent an Office.
8. Choose a Facility.
Ras Al Khaimah International Company (RAK IC) is one special form of company structure put in the emirate of Ras Al Khaimah, United Arab Emirates. It presents a vast list of business benefits making easier to have it, be tax friendly and the ease of setting up it.
Ras Al Khaimah is one of the seven emirates of the Federation of the United Arab Emirates. Known commonly as RAK, the emirate features its ancient shipbuilding and trade and is ahead in quarrying, manufacturing, and tourism.