RAK Dubai: The Cheapest Incorporation In The Middle East

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RAK Dubai (Ras Al Khaimah Dubai) is one of the fastest growing emirates in one of the fastest growing economies in the world, the UAE. Ras Al Khaimah dubai has earned its reputation as a pre-eminent commercial centre with an innovative, dynamic and entrepreneurial business culture.

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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.

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RAK Dubai 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.

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

RAK Dubai Offshore Incorporation Required documents For Incorporation:

• 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.

Please fill in the form on the right side for more information about your own offshore company and offshore bank account.

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