Ras Al Khaimah Offshore Company Formation is no longer less than Offshore Company Formation Dubai, in terms of Benefits – Avail the RAK Business Opportunities with Dubai Business Services!
Many businesses initially planning for offshore company formation Dubai, are now considering RAK offshore business opportunities on a serious note. The offshore business benefits in UAE are no longer confined to offshore company formation Dubai. Ras Al Khaima (RAK) is rising as one of the next most profitable locations in UAE for offshore businesses. As compared to offshore company formation Dubai, RAK offshore business set up brings more possibilities for lower operating costs for the companies.
Why Ras Al Khaima (RAK) Offshore Company Formation?
The state of Ras Al Khaimah accounts for maximum industrialization in UAE. Ras Al Khaimah Free Trade Zone Authority is the regulating entity for this free zone that regulates it under International Companies Regulation Act 2006.
Moreover, RAKIA offshore, a part of Ras Al Khaimah Investment Authority, offers a comprehensive solution as well as flexible regulatory infrastructure for global investors and businesses. RAKIA serves as an International Offshore Business Center for international entrepreneurs looking for a profitable and low-cost location in UAE to establish business, operate activities and outsource their back-office functions.
For the businesses looking for cost-effective and flexible entity from which to execute international trade and services and investment holdings for local and international investments, the RAK offshore company formation is a viable and simplified solution. However, businesses should be aware of the regulation that RAK offshore company is not permitted to conduct business with other UAE based investors and companies.
The benefits that RAK offshore company formation provides are almost similar and equal to those offered by offshore company formation Dubai business opportunity. These include:
- No requirement for local sponsor or partner
- 100% foreign ownership
- Property ownership for non-residents in UAE
- Bank account policy’
- No minimum capital requirement
- Fast incorporation of company
- Names of directors and stakeholders, assets and information can be kept confidential
- RAK offshore establishment has no exchange controls
- There is a choice of law e.g. civil law, common law, or any jurisdiction desired
- Multiple classes of shares (Custodian and Restricted Bearer) can be issued
- Full ownership on intellectual property like Trade Marks, patents, and copyrights
Get expert consultation today from our specialized offshore company formation team in RAK. Give us a call to set an appointment.