Business setup in RAK ICC
Establish your global reach through business setup in RAK ICC
Entrepreneurs looking to expand their business horizons can seize a golden opportunity through RAK ICC company formation in the UAE. Among the array of options available, opting for RAK ICC offshore company formation proves to be a strategic and advantageous decision. These offshore entities, particularly within the Ras Al Khaimah International Corporate Centre (RAK ICC), are legally incorporated in the UAE while primarily conducting business activities on an international scale. This distinctive structure offers the critical advantage of limited liability, which plays a pivotal role in safeguarding business finances.
A RAK ICC offshore company serves a multitude of purposes, including international trading, shipping, patent management, international consulting, real estate ownership, copyright registration, and functioning as holding companies. For entrepreneurs interested in RAK ICC company formation, it’s vital to acknowledge the unique benefits provided by RAK ICC. Unlike other jurisdictions, RAK ICC offers a streamlined and business-friendly environment, making it an ideal destination for establishing and expanding an offshore company.
Advantages of Business setup in RAK ICC
Privacy
Establishing an RAK ICC offshore company ensures privacy. Companies within RAK ICC are not obliged to disclose financial information or share personal details of directors and shareholders in public records. Furthermore, there is no mandatory audit requirement for these offshore businesses, which enhances privacy even further.
Less Liabilities
Choosing RAK ICC company formation guarantees robust protection for the company's assets and possessions in legal proceedings. This structure also provides asset protection for investors by establishing a legal barrier between the company's resources and any potential third-party claims.
Gateway to International Expansion
Establishing a RAK ICC offshore company offers a UAE-based address, instantly enhancing the credibility of the business. This creates avenues for new international partnerships and activities. Moreover, it facilitates the opening of a UAE bank account, which is essential for a RAK ICC offshore company involved in diverse currencies and global transactions.
Tax Benefits
As of 2023, the UAE had introduced a corporate tax rate of 9%. Nevertheless, offshore companies, specifically those established through RAK ICC company formation, are exempt from this tax as they do not conduct business operations within the country. This exemption serves as a notable financial benefit for a RAK ICC offshore company.
Benefits
RAK ICC stands out as one of the most rapidly expanding jurisdictions in the MENA Region. Recognized for its efficient facilitation of RAK ICC offshore company incorporations, it maintains a robust reputation for compliance and adhering to international standards.
Requirements for Setting Up an Offshore Company in RAK ICC
As a RAK ICC Offshore Company with a Single Shareholder:
As a RAK ICC Offshore Company with Multiple Shareholders:
Cost of Setting Up an Offshore Company in RAK ICC
The cost of forming a RAK ICC company varies depending on the selected option. This rate will also fluctuate based on factors such as business activities, number of shareholders, office space requirements, and other considerations.
The cost to establish a RAK ICC offshore company starts at USD 2,050 or AED 7,500. Additionally, the RAK ICC Premium Product allows offshore companies to conduct onshore activities by forming a subsidiary at RAKEZ. Premium product packages for RAK ICC company formation begin at AED 17,500.
Explore Monthly Payment Plans with Selected Banks
YABS has multiple options of doing transactions with their customers. Effortlessly transform your transactions into convenient monthly payment options, utilizing our carefully curated selection of banking partners.
Steps
- Make purchase of YABS enabled services using credit card
- Reach out to the banking partners to understand the process of converting your purchase into easy payment plan.
- Choose the flexible payment options (monthly, quarterly, half-yearly, and yearly).
Steps in Setting Up Your Offshore Company in RAK ICC
YABS provides complete guidance and assistance throughout the RAK ICC company formation process, making the complex steps of establishing an RAK ICC offshore company in Ras Al-Khaimah International Corporate Centre (RAK ICC) straightforward and manageable.