RAKIA Offshore Company
The RAK Offshore company charges including a bank account in a Dubai branch of Standard Chartered Bank, ADCB, or Barclays Bank is US$ 3,500 [AED 12900].
This also includes the Memorandum and Articles of Association, share certificates, company registration, and the fee for a registered office for the first year.
The annual renewal charges are US$ 2,000 [AED. 7,340].
After your Know Your Client documents are received, the application forms including the Memorandum & Articles of Association are prepared and sent to the shareholders, directors and the company secretary for signature.
Once the payment and completed forms are received, it takes 4 working days for the incorporation process.
After the incorporation is complete, the bank account can be opened in another 4 working days, if you are in Dubai.
If you are outside the country it will take longer because documents will need to be couriered to you for signature.
It is easier to advise you on the offshore incorporation, once we know what purpose you would like you offshore company to serve, so that I can send you more specific information.
Offshore companies by definition do not permit you to have any visas issued, nor the ability to have office space in the country of incorporation.
The main advantages for owning an offshore company are to use it as a holding company, ensure inheritance, and for those with multiple sources of income needing banking facilities.
Also a RAK offshore company can be used to protect branding or agency agreements and do not need lengthy and expensive attestations if used in the GCC.
Tags: Offshore Information, rak company, rak offshore, ras al khaimah offshore
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