Ras Al Khaimah, which is the best place known for its unique offshore locations. It is the best place for those looking to save their money on the business setup, as its cost is lower than the other sites like Dubai or Fujairah. Besides this, there are many other benefits of RAK offshore company formation, and here in this post, we will discuss in detail.
The Ras Al Khaimah company formation is the best choice for all those seeking privacy and security while handling their business. It is also called the fastest way, helping you form a company in Ras AL Khaimah offshore. RAKIA or Ras Al Khaimah is the governing body, which handles all the work related to the business’s formation, and it is handled by RAK Offshore regulation 2006.
Advantages of Ras Al Khaimah Offshore
We know you are curious to know about the RAK offshore company formation, and here are some of its benefits.
- 100% foreign ownership.
- Confidentially for the documents.
- Tax-free environment.
- All the document processing can be done quickly as all the things are processed in the English language.
- There will be one director and one shareholder while choosing RAK offshore company setup
- The maintenance of the company is very much easy as compared to the other company formation.
Documents Required for RAK Offshore Company Setup
Here is the list of the Documents required for RAK offshore company setup that you should know.
- Passport copies
- A residency proof, utility bills, or municipality certificate
- Bank statement for around six months ago for the company
- Besides this, there are many other documents, which can be required by the authorities.
If you are an individual business owner, then you must require the following documents
- Copy of passport
- Proof of residence
- Bank reference letter
If you are not an individual business owner, then you must require the following documents
- Incorporation license or a copy of the license
- A memorandum of association of the parent category
- A copy of the passport for both of the shareholders as well as directors of the parent category
What are the Benefits of Ras Al Khaimah Offshore Company Formation?
We hope that you have understood all the major things about the RAK offshore company formation. Now, it is time to learn about the benefits.
- This procedure is the best as well as a business-friendly choice of the company formation method.
- Understanding all the rules and regulations related to the RAK offshore company registration is very much easy.
- Carrying all the business operations for companies with multiple accounts is very much easy.
- There is no such restriction on citizenship for choosing RAK offshore company formation.
At last, we hope that you have cleared up all the things about RAK offshore company registration. In the case, if you need more information about it, you must consult with Business Link UAE. We have extensive knowledge about all the rules and regulations for company registration.