Entrepreneurs seeking to broaden their business scope have a golden opportunity with RAK ICC company formation in the UAE. Standing out among various options, RAK ICC offshore company formation is a strategic and advantageous choice. These offshore entities, specifically in the Ras Al Khaimah International Corporate Centre (RAK ICC), are incorporated in the UAE while primarily operating internationally. This unique structure offers the benefit of limited liability, crucial for protecting business finances.
A RAK ICC offshore company serves a variety of purposes including international trading, shipping, patent management, international consulting, real estate ownership, copyright registration, or acting as holding companies. For entrepreneurs keen on RAK ICC company formation, it’s essential to recognize the distinct advantages offered by RAK ICC. Unlike other territories, RAK ICC provides a streamlined, business-friendly environment, making it an ideal location for establishing and growing an offshore company.
Setting up an RAK ICC offshore company guarantees confidentiality. Offshore companies in the RAK ICC aren’t required to publish any financial information or share their directors’ & shareholders’ personal details on public records. Additionally, there is no requirement for these offshore businesses to be audited, further enhancing privacy.
Opting for RAK ICC company formation ensures that the company’s possessions and assets are well-protected in case of legal pursuits. This structure also enables asset protection for investors, creating a legal barrier between the company’s resources and any third parties.
Forming a RAK ICC offshore company provides a UAE-based address, immediately boosting credibility for the business. This opens new opportunities for international partnerships and activities. Additionally, it allows for the opening of a UAE bank account, which is pivotal for a RAK ICC offshore company looking to engage in multiple currencies and global transactions.
In 2023, the UAE implemented a corporate tax rate of 9%. However, offshore companies, particularly those formed through RAK ICC company formation, are exempt from this tax as they are not eligible to operate their businesses within the country. This exemption is a significant financial advantage for a RAK ICC offshore company.
Depending on your business needs, you may choose to set up an offshorecompany from one of these three options:
RAK ICC is one of the fastest-growing jurisdictions across the MENA Region. Renowned for facilitating the incorporation of RAK ICC offshore companies, it has a strong reputation for compliance and upholding international standards.
The requirements to set up a RAK ICC offshore business depend on the specific structure and format of the company.
The price for RAK ICC company formation varies depending on the chosen option. This rate will also differ based on the business activities, number of shareholders, office space requirements, and other factors.
The cost to form a RAK ICC offshore company starts at USD 2,050 or AED 7,500.Additionally, they offer the RAK ICC Premium Product, which allows RAK ICC offshore companies to also carry out activities onshore by forming a subsidiary at RAKEZ. Premium product packages for RAK ICC company formation start at AED 17,500.
Convert your transactions into easy and affordable monthly instalments with our selected range of banking partners. Spend a minimum of AED 1,000 on your credit card issued from any of our participating banks and repay in easy instalments over a period of 12 months for your RAK ICC offshore company expenses.
*General terms and conditions from the banks will be applicable.
Creative Zone offers comprehensive guidance and support throughout the process of RAK ICC company formation, simplifying the intricate steps of establishing a RAK ICC offshore company in Ras Al-Khaimah International Corporate Centre (RAK ICC).
Start the process by determining your business activities for your RAK ICC offshore company. Then, choose a unique name that fits your company and is appropriate.
Reach out to one of RAK ICC’s featured agents, such as Creative Zone. We will serve as your intermediary with the government and RAK ICC, assisting you with the registration process for your RAK ICC Offshore Company.
Put together your requirements based on the company type chosen, and submit these to the RAK ICC authorities for your RAK ICC Offshore Company.
Submit the registration fees and other expenses online, via cash, or through money transfers. Once all requirements are submitted and the payment is processed, all that’s left to do is await the incorporation of your RAK ICC Offshore Company.
A dedicated business account will enable you to manage your finances more efficiently and operate smoothly for your RAK ICC Offshore Company.
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There are many advantages of starting your own business or company in the United Arab Emirates. In order for you to fully benefit from these advantages, Creative Zone has thoughtfully created the perfect end-to-end solution for your companies set up needs. By delegating your company formation and business support services to our experienced and expert team, you are eliminating the usual constraints, bureaucracy and red tape associated with company formation and visa processing in the UAE.
The United Arab Emirates provides an array of advantages when you plan to start your own company. Creative Zone lets you savor these advantages with ease by the help of their business solutions, which adds to the easeof setting up your company. Our specialized team of consultants is dedicated to manage your company formation that reduces the painful red tape, bureaucracy time often found when setting up a company in the UAE.
Our expert consultants are there to advise and guide you as per your requirements, such as the type of license you may need - freelancer or a small establishment; the business activity; the company name; the number of employee visas you may need; the need to sponsor your family, and so on. Upon firstly getting a better insight on what it is you need, Creative Zone puts forward the most suitable solution for you.
Most expats in the Middle East region will look to establish their companies in a Free Zone. Free Zones exist in Dubai and in most of the surrounding Emirates, such as Sharjah, RAK, Fujairah, Fujairah Creative City and Ajman. Being a part of the Free Zone has the following benefits: 100% ownership (No local sponsor required), you can choose between FZE/FZ LLC/FZ LLE business licenses and you also have the Tax-free benefits of the UAE. Set up is summarized as normally cost effective & time saving through the Free Zones.
CREATIVE ZONE is an owner operated end-to-end business set up solution provider for new company registration, new business setup and formation of a local/foreign company in different UAE free zones. We pride ourselves by providing our customers with a valuable and transparent insight into what can be a very stressful time! We have pioneered in creating a convenient, reliable, relevant and most of all, hassle free solution for entrepreneurs, start-ups and even existing established businesses that may not require a full time physical office, but need the presence and support of one. We understand and appreciate the diversity of people’s requirements and this is evident through our range of products and services that we can provide you with. Our main priority is high quality service at an affordable price, giving you an outstanding service to get your trade license and residence visa completed quickly. Most of all, we give you the support and tools to launch and grow your business while eliminating the usual costs and constraints that can easily deter you from becoming a success story.