RAK International Corporate Centre (RAKICC) is the sole entity in Ras Al Khaimah for the incorporation of Offshore companies or International Business Companies. RAKICC offers complete privacy and confidentiality, ensuring a highly favorable business environment for both individual and corporate investors.
Unicorn Global Solutions is the registered agent of RAKICC, provides total assistance in the incorporation of Offshore Company in RAK. We can incorporate your company within 1-2 working days after complete submission of the required documents and fees Send us a text on WhatsApp or call us now to set up a business is RAKICC. The following are the required documents for company formation in RAKICC:
Minimum number of shareholder is one and maximum number of shareholder limit is 15. RAKICC allows 100% foreign ownership. Minimum capital is not required for the offshore company incorporation. Shareholder presence is not required for the RAKICC offshore company incorporation.
There is a provision for changing the offshore agent for a RAKICC Company in case of any displeasure with their services. Offshore Companies in RAKICC can request for an Agent Change to AURION. Our team will handle all the administrative requirements and coordinate the renewal of your company with RAKICC efficiently.
A corporation can only be incorporated in RAKICC through registered agents. An IBC is incorporated after two working days of the documentation being submitted.
Ras Al Khaimah local laws and federal legislation of the United Arab Emirates are followed by RAK ICC. In the execution of its authority, RAK ICC forbids any unlawful activity, including but not restricted to gaming.
According to RAKICC, bearer share structures are not allowed.
RAKICC allows almost any business activities except the below given high-risk businesses,
Gambling
Lending service
Cryptocurrencies
Trusts
Gold and diamond trade
Trade of petroleum and crude oil
Mining
NGOs
It takes 2-3 working days to establish an offshore company in the RAK ICC foundation
No, during company formation in RAK ICC, physical presence is not required
It takes around $1090 to incorporate a company in RAK ICC
No, public registers of corporations do not exist. Nonetheless, the firm structure's specifics are registered with RAK ICC (Ras Al Khaimah International Corporate Center) and need to be kept updated.
There is no paid-up capital needed to establish a RAK company. Although AED 10,000 is the normal share capital, this is not a hard and fast rule; it can be changed to suit your requirements.
A local registered office and a local registered representative approved by the local authorities are necessary for the foundation of a RAK ICC company.
You will have to submit your completed incorporation paperwork with a project description, business memorandum, and articles of association in addition to the identity documents of the directors, managers, and shareholders.
Offshore businesses aren't meant to conduct business within the nation where they were incorporated. You would need to establish up a local onshore company if you wanted to trade inside the United Arab Emirates.
