Ras al Khaimah Offshore Company, most commonly termed as International Business Company or a Non-Resident Company, is a legal structure which provides for a low/No-tax environment for an entity or an individual which in turn minimizes tax burdens and improves wealth management. UAE Offshore companies are becoming popular tools for international entrepreneurs looking to set up business in the UAE.

Ras al Khaimah Key Features

  1. The RAK Offshore International Business Company (IBC) is governed by the RAK Offshore Regulations, 2006.
  2. A RAK Offshore IBC is not permitted to undertake trade within the United Arab Emirates (except for holding real estate assets (with prior authorization from RAK Investment Authority).
  3. The liability of the shareholders of a RAK Offshore IBC is limited up to the unpaid amount of the shares they hold.
  4. The minimum number of shareholders of a RAK Offshore IBC is 1 and the maximum is unlimited.
  5. There is no restriction on the residence of the shareholders of a RAK Offshore IBC.
  6. There is no minimum capital requirement for a RAK Offshore IBC.

Ras al Khaimah Legal Requirements

Ras al Khaimah IBC

Corporate Details

General

  • Type of company

IBC

  • Meeting requirement and location

No, Anywhere

  • Registered office and Agent

Yes

Shareholders and Directors

  • Number

1

  • Local representative

No

  • Nominee services

Yes

Shares and initial capital

  • Minimum Requirements

No

  • Annual Reporting

No

Accounting and Audit Requirements

  • Requirements to file returns

Yes

  • Requirements for Auditing

Yes

Ras al Khaimah IBC Tax Treatment

There are no direct income taxes on an IBC

Ras al Khaimah IBC Duration to Set up

1 or 2 Business Days

Distinctive Benefits of RAK IBC

  1. Ras al Khaimah business setup, UAE is a tax free country.
  2. Ras al Khaimah offshore company setup offers100% ownership
  3. Physical office not required for offshore company incorporation in Ras al Khaimah
  4. UAE residents can incorporate offshore company in Ras al Khaimah
  5. UAE offshore company directors and shareholders records are not public
  6. No filing of audited financial statements for UAE offshore companies

The Valsen Advantage

  1. End to end comprehensive service
  2. Speedy and efficient service
  3. Expert advice on structuring options
  4. Dedicated ongoing compliance support
  5. Extensive network pool of service providers