RAK Offshore Company Formation

Offshore company formation in Ras al Khaimah was initiated by RAK Investment Authority (RAKIA) in 2007 which allowed registration of offshore companies in RAK. Now, RAK International Corporate Center RAKICC is a Corporate Registry for International Business Company “IBC” incorporation’s in Ras al Khaimah. IBC is an offshore company that allows businesses and individual entrepreneurs to trade globally, invest around the world and own real property internationally.

RAK offshore company formation is a safe and cost-effective idea for business setup in UAE. RAK offshore registry provides more flexibility than any other offshore jurisdictions. For example; the establishment cost in RAK is significantly lower and economical than offshore company formation in JAFZA or Fujairah. There is zero tax regime and the companies do not require submitting an audit report. The presence of Double Taxation Avoidance Agreement with 47 countries makes it ideal for investors from these countries to open offshore companies here in the UAE. RAK provides entrepreneur with complete banking security and privacy.