Offshore company formation RAK All You Need to Know | Business Setup HQ

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If you also want to start an offshore company in Ras Al Khaimah Investment Authority, this video will give you all the information you need.

So, let’s get started and discover the business activities, legal structures, benefits, company formation process, and more.

Ras Al Khaimah Investment Authority introduced #RAK offshore company formation in the year 2007. After that, RAK became one of the most popular destinations for offshore businesses.

Currently, there are several offshore companies in the RAK Emirates. These businesses belong to real estate, building materials, manufacturing and high-tech industry, and the service sector.

So, Let’s look at some of the Business Activities in RAK.

RAK Emirate provided #Offshorecompanyformation to diversify its economic activities and generate income. For that reason, offshore company formation in Ras Al Khaimah allows several business activities.
Here is the list of different business activities in RAK:

• Real Estate
• Shipping Industry
• Tourism
• E-commerce

Besides these activities, many RAK offshore companies offer consultancy and professional services.

After business activities, now let’s have a look at the list of legal structures allowed for RAK offshore business:

• Company Limited by Shares
• Company Limited by Guarantee
• Segregated Portfolio Company
• Restricted Purpose Company
• Unlimited Company

You must be wondering, “Out of all locations in the world, why should you choose RAK as your offshore business destination.” Well, we will help you feed your curiosity by letting you know about these amazing benefits:

• Confidentiality and Safety for RAK Offshore Business
• Offshore Businesses in RAK Get Great Tax Benefits
• Asset Protection
• Quick Offshore Business Setup with Right Agent
• Minimal Administrative Requirements
• 100% Foreigner Ownership

After selecting the business activities and the license type, it’s time to start the offshore company formation process.

Either you can perform the setup process yourself or can take the help of Business Setup HQ. The benefit of taking our guidance is that you don’t need to deal with the process yourself, saving your time and effort. Also, as we are decades of experience in this, there is minimal room for error.

Now, let’s check the steps that we follow:

• Application submission
• Business Name Approval
• Obtain Business License
• Find the Best Office Location

Now, the only thing left to discuss is the documents required. There are different documents required for individual shareholders and corporate shareholders, which are as follows:

• Valid Passport Copy for each shareholder
• Proposed company names (3)
• Personal profile of each shareholder
• Business profile of each shareholder
• Proof of residence
• Original bank’s “Good Standing Letter”

• Photocopy of business license
• Photocopy of incorporation certificate.
• Memorandum of Association
• Board resolution and power of attorney
• Business profile of directors, shareholders, and secretary
• Photocopy of passports for all directors
• Proof of residence
• Bank ref. for each corporate shareholder

Another thing we would like to mention here is RAK’s IP holding structure. This company type is useful for businesses to protect the use of their name and other intellectual properties, such as trademarks, designs, products, etc. The IP holding company in RAK acts as a subsidiary of the primary company.

Here are some of the benefits of RAK IP holding companies:

• Easier management with centralized assets
• Straightforward taxation
• Use your intellectual property as collateral
• Easier to conduct IP audits

This is all you need to know for offshore company formation in RAK. If you need any guidance, our experienced business setup consultants will guide you through every step, ensuring a smooth and hassle-free setup process. Contact us at Business Setup HQ for effective company formation and excellent service.

Thank you for watching.

Timestamps:
0:00 Introduction on Ras Al Khaimah (RAK) offshore business
0:54 Business Activities in RAK
1:26 Legal structures allowed for RAK offshore business
1:53 Benefits of RAK offshore business
2:25 Steps for company formation in RAK
3:06 Documents required for an individual shareholder in RAK
3:39 Documents required for a corporate shareholder in RAK
4:09 Benefits of RAK IP holding companies
4:46 Conclusion and regards

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#Businesssetuphq #Business_setup_dubai #Business_setup_uae #UAE #Dubai #rak_offshore_company_setup #rak_offshore_company_formation #ras_al_khaimah_offshore_company_formation #rak_offshore_incorporation #rak_company_formation #rak_offshore_company #offshore_company_formation_rak #offshore_company_formation_ras_al_khaimah #rak_offshore_company_registration #rak_company_formations

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