This is located in Ras Al Khaimah. This city has various business opportunities. This is the merger of the previous offshore structures of Ras Al Khaimah – RAK Offshore and RAK IC. These two were similar but had differences in the applicable regulations. The rules and regulations of the International Corporate Centre are more exhaustive and comprehensive yet streamlined for ease of the procedure. Since the RAK ICC is the only offshore company format, it is usually referred to as RAK Offshore Company.
Corporate Shareholder (Documents)
- Certificate of Incorporation
- Memorandum and Articles of Association
- Profile of Directors/ Secretary
- Bank Reference of the shareholder
- Power of Attorney and Board Resolution
- Bills of Corporate Shareholders and Directors
- Incumbency Letter and Good Standing Certificate
Individual Shareholder(Documents)
- Copy of a valid passport of every single shareholder
- Business & Personal Profile of Each Shareholder
- Proof of physical address
- A good standing letter of the bank
- Proposed company names
Merits of Company Setup
Those who want to set up an offshore company in Ras Al Khaimah will be able to avail several advantages:
- No accounting necessities
- Can be registered by one shareholder
- No Audit Required
- Fully Compliant with International Regulations
- Corporate Income Tax is 0%
- 100 % Foreign Ownership
- Shareholder and Residencies
