RAK Offshore Company
Your advantages:
- Your RAK offshore company in only 2-4 working days
- 0% Tax and 0% VAT
- Highest privacy and confidentiality
- First-class bank account, including e-banking and credit card (optional)
- Full nominee service to protect your privacy (optional)
- GWS Middle East FZE is fully licensed by the Government of Ras al Khaimah
- Basic establishment fee only 3,290 USD
Company information:
Set up your offshore company quickly and easily:
GWS Middle East FZE is delighted to offer you a simple and quick UAE offshore company formation; we will register your company within 2-4 working days in Ras Al Khaimah (RAK). This confidential jurisdiction combines several advantages, making the United Arab Emirates an ideal basis and perfect environment for your successful offshore business. RAK is a perfect example for a completely tax free environment combined with an excellent and outstanding reputation as a highly regulated financial center.
The crucial advantage of the United Arab Emirates is the high reputation of a OECD white listed country and international investors hub, what allows company owner the easy access to highly capitalized international banks in Dubai, Hong Kong, Switzerland, Liechtenstein, Luxembourg, USA, United Kingdom or Andorra, which are operating in an economic and politically stable environment. As of today over 12.000 International Business Companies (IBCs) are registered in Ras al Khaimah.
Highlights of RAK Offshore:
- 100% foreign ownership is allowed
- Exempt from all corporate and income taxes
- No foreign currency restrictions
- Full repatriation of profits and capital allowed
- There is no local office required, no employees and related costs
- The RAK Offshore company can own interest in real estate in the UAE and intellectual property
- The RAK Offshore company can act as a Holding
Why a RAK Offshore Company?
Ras Al Khaimah is one of the most attractive offshore places in the UAE, as the establishment fees are significantly lower than Dubai or Fujairah, despite offering the same advantages and benefits of the United Arab Emirates, as a country with full exemption from all corporate and income taxes. While Jebel Ali (Dubai) requires a minimum of two shareholders and their physical presence is required in Dubai to arrange the formation, a RAK offshore company requires only one shareholder, who is not required to be there in person.
About Ras Al Khaimah:
Ras Al Khaimah is part of the United Arab Emirates, a constitutional federation of seven emirates located along the south eastern tip of the Arabian Peninsula. Its infrastructure is of the highest standard, with access to more than 170 shipping lines and approximately 86 airlines connecting to over 100 cities worldwide. The RAK Investment Authority (RAKIA) launched the concept of the International Business Company in January 2007 and it has since become one of the most popular offshore destinations.
Dubai Offshore Company – FAQs
In addition to the quick, unbureaucratic incorporation, all companies in Dubai are tax-free. Only a VAT of 5% is incurred domestically. In addition to the tax advantages, the quick incorporation of the company, the modern legal system, geographical location, positive image of Dubai and availability of offices, operating spaces and employees count among the jurisdiction’s advantages.
Companies in Dubai and all the Emirates are tax-free. A 5% VAT applies to businesses and services within the UAE, which makes the UAE one of the most tax-friendly countries.
Zero %. The UAE does not levy taxes on corporate profits domestically and abroad, which is why Dubai is a zero-tax jurisdiction.
Yes, Dubai boast a very modern corporate law and is very business-friendly. The company can be founded as a mainland company, freezone company or international company.
Dubai is considered an investor’s heaven. With complete tax exemption, simple company incorporation and the availability of qualified, affordable staff, Dubai creates the perfect conditions for a successful business.
Dubai and the UAE in general have numerous so-called “free trade zones”. These enable foreigners to easily incorporate a company and own 100% of the company shares. Freezone companies in Dubai are tax-free.
The United Arab Emirates and, above all, Dubai allows foreigners to set up a company in a simple, unbureaucratic manner and to obtain a residence permit. Companies are incorporated by local, approved agents who take over the entire start-up process and, if necessary, apply for a residence permit.
An LLC is a so-called mainland company, i.e. a regular company. The advantage of the LLC is that it can operate throughout the UAE, but the disadvantage for foreigners is that they can hold a maximum of 49% of the shares. Which is why foreign investors often prefer a freezone company, which allows 100% of the shares to be held by foreigners while also being tax-free.
