Rak Dubai (RAK) is one of the fastest growing emirates in one of the fastest growing economies in the world, the UAE.

Rak dubai has earned its reputation as a pre-eminent commercial centre with an innovative, dynamic and entrepreneurial business culture.

Strategically located at the crossroads of trade and commerce between East and West, it is ideally positioned to service and access markets that span the Middle East, Africa, the Indian Subcontinent and the CIS countries.

Moreover, it occupies a time zone that allows it to connect markets like the Far East and the US.

The International Offshore Centre (known as “RAK Offshore”) is a free zone regulated by the RAK Investment Authority (RAKIA) under the leadership of H.H Sheikh Sqr bin Mohammed Al Qasimi, supreme council member and ruler of Ras al khaimah. Ras al Khaimah dubai represents a unique opportunity in offshore world today.

It has number of key advantages over other locations which, when combined, provide clients with the most confidential and secure offshore solutions available anywhere.

Rak offshore is a true offshore facility and regularity body offering complete offshore non-resident business registration and financial services.

If properly structured, offshore company formation is an excellent, tax-efficient strategy for entrepreneurs to conduct their international business.

Rak dubai has a state of the art banking sector to service its wealthy indigenous, expatriate and offshore clientele.

RAK Offshore Incorporation – Features and regulations:

• The capital of economy can be any amount divided into any denomination

• All shares must be fully paid when allocated and no bearer shares or differential classes of shares are allowed. There is no requirement to deposit the capital in bank

• 100% foreign ownership permitted and 100% tax and duty exemption • Opening corporate bank account in a bank at Dubai, UAE

• A registered agent (legal firms, auditors, consultants) is required to be appointed by the company from the approved list of registered agents maintained by Rak free zone

• The offshore domicile is located in the Rak offshore

• The investors need not visit the authority to incorporate the company

• Quick incorporation (1-2 days)

• Audited financials will be requested only in case of suspicion

• Can own property in uae free zones

• No need to spend time and money for getting attestation if you are using the company in the Middle East

• Cheapest incorporation in the Middle East

• Double tax entries are applicable to these companies

• Tax free haven Clients can come only through a registered agent for the incorporation of a company in Rak dubai.

First of all registrar can register an application and keep in its records the memorandum and articles submitted at the time of the application.

After the completion of the incorporation process the Registrar shall issue a certificate of incorporation which shall be considered as prima facie evidence that all requirements of these regulations in respect of registration have been complied with and that the company is duly established.

In RAK dubai, an offshore company prior to formation has to inform the Registrar the objective to be pursued after the incorporation.

Required documents:

For the incorporation Rak offshore company

• Application form

• Memorandum of Association

• Government fees will be deposited with your agent (Varal LLC)

For Individual Applicants:

• Passport Copy – Copy attested by your firm and your agent (Varal LLC)

• Bank Reference Letter – original required

• Proof of residence (Utility bill) – original required

• Any other documents requested by the Registrar during the incorporation

For Non-Individual Applicants:

•Copy of license or incorporation certificate issued by the chamber of commerce or any other body. Copy attested by your firm (Varal LLC)

• Board of Resolution – original required

• MOA of the parental company. The MOA will by made by Varal LLC

• Passport Copy of the Director & the Shareholders – copy attested by your firm and your Agent (Varal LLC)

• Good Standing Certificate – original required

• Any other documents requested by the Registrar during the incorporation We are incorporating offshore companies in Rak dubai.

We provide the most confidential and the most comprehensive solution available in the offshore world. We will help in your decision as the authorized Agents of Rak offshore.

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‘In this world nothing is certain but death and taxes.’ Benjamin Franklin (1706-1790). It’s true but as regards to the second part: taxes may vary.

Offshore incorporation is a corporation or limited liability company that has been formed outside of your country of residence.

Offshore companies are sometimes known as non-resident companies.

Many people think that offshore services are only for the wealthy or for money laundering.

However, this is simply not true. Now more and more people are being dragged into paying higher and higher taxes when they could be planning of their and their family future by the effective use of legitimate offshore structure.

Going offshore is the best way to protect your personal and financial privacy, and your future well-being.

Mainly an offshore company is of three characteristics.

First, it should be incorporated under the offshore company’s regulations of relevant offshore jurisdictions.

Second, it should be incorporated by incorporators outside the offshore  jurisdiction where it is incorporated.

Last, it should not conduct substantial business within the offshore jurisdiction where it is incorporated.

By incorporating offshore you can become judgment-proof, as the world-wide courts are not recognized in the offshore jurisdictions, and tax-free, as there are no taxes assessed on in offshore trusts or International Business Companies formed in offshore jurisdictions.

The main reasons for incorporation offshore and formation are the following:

To save tax – An offshore company can form part of an overall taxation reduction strategy for certain individuals or entities.

To have greater ease of operation – Many offshore centres make it very easy for companies incorporated locally to trade if they do not transact locally and they are not involved in banking or financial services.

To achieve a higher level of anonymity - A number of overseas centres offer the option of having nominee director for the establishment of a company and others also manage to keep the names of directors and shareholders off public record.

Reducing Tax Liability – A foreign jurisdiction can offer unparalleled opportunities for reduction of your tax liability.

Keep business affairs confidential – Offshore Companies offer complete privacy. If the company shares are held by a Trust, the ownership is legally vested in the trustee, thus gaining the potential for even greater tax planning advantages.

Estate Planning – Private Foundations, and Offshore Protective Trusts for accumulation of investment income and long-term benefits for beneficiaries on a favorable tax basis (without inheritance, income, or capital gains taxes);

Protect assets – In combination with a Trust, an offshore company can avoid high levels of income; capital and death taxes that would otherwise be payable if the assets were held directly.

It can also protect assets from creditors and other interested parties.

Incorporation Offshore is not only a priority for the “Rich”.

The main and the most popular way to protect one’s assets and save on taxes is to register an offshore company (IBC) and open a bank account for it outside the country of usual residence.

One is well advised to choose the country of incorporation wisely. We offer incorporation offshore in jurisdiction of Ras Al Khaimah. Because it is the cheapest offshore in the Middle East.

We incorporate both offshore company formation and Free zone companies.

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