open rak offshore company
TRANSCRIPT
2
Why Open a RAK Offshore Company?
• The Ras Al Khaimah (RAK) is one of the most chosen free zones by foreign investors because it is located in a strategic position.
• Being situated in the Arab emirate with the same name, RAK free zone offers easy access to the markets in Middle East, Africa, Asia and the Commonwealth of Independent States (CIS).
• Besides its strategic position, the RAK free zone offers many other advantages for foreign investors.
3
The Structure of RAK
• RAK was founded in 2000 and it is considered by the investors an advantageous location due to the economic and political stability.
• RAK is organized in five areas:
Industrial Park;
Business Park;
Technology Park;
Academy Zone;
Aviation Park.
4
Advantages of Opening a RAK Offshore Company >>
• Foreign investors who decide to set up an offshore company in the Ras Al Khaimah (RAK) free zone will benefit of important advantages:
0% corporate tax;
100% foreign ownership allowed;
100% repatriation of their profits and capital.
5
>> Advantages of Opening a RAK Offshore Company
• Other advantages of opening a RAK offshore company are:
no minimum share capital required;
confidentiality for their business;
business-friendly environment;
flexible jurisdiction.
6
Company Incorporation in the RAK Free Zone >>
• In order to incorporate a company in the RAK free zone, you must submit a few documents.
• Our specialists in company formation in Dubai will handle the entire procedure of incorporation.
7
>> Company Incorporation in the RAK Free Zone
• A foreign businessman is not required to travel to RAK for the registration because our specialists can act on behalf of him/her in front of the local authorities at the Trade Register.
• After you send the required documents, it will usually take only two or three days for the registration of the offshore company in RAK.
8
Documents for Registering an Offshore company in RAK
• In order to register an offshore company in RAK, you will have to deposit the following documents:
copies of the directors and shareholders’ passports;
utility bills for the confirmation of the addresses of the directors and shareholders;
bank reference letter etc.
9
Businesses in RAK >>
• There are different forms of businesses that can be established in RAK: the free zone establishment (a new
business entity with a single owner);
the free zone company (a new business entity owned by two - five partners);
public and private joint stock company;
limited liability company;
limited liability partnerships;
branch and representative offices;
professional firms.
10
>> Businesses in RAK
• The companies established in RAK must deliver at least 1,000 AED as share capital, appoint a registered agent in UAE and have minimum one director and one shareholder (individual or corporate body).
• The legal entities opened in RAK must apply for a company license, renewed every year.
11
Business consultancy for opening a RAK offshore company
• RAK is situated in top five of the most convenient free trade zones in the world.
• Our company formation specialists in Dubai can provide you with more information about the RAK free zone and help you open an offshore company here.
• For further information, you may contact our experts in company formation in Dubai.
Thank you for your attention!
• For more information please contact us at:
(+44)203-287 0408
http://www.companyincorporationdubai.com
12