Why Us? Your Best Choice for RAK ICC Offshore Company Incorporation

All RAK ICCC offshore companies need to have a registered agent appointment before the RAK ICC company incorporation process starts. The RAK ICC approved agents will be representative of investors to register RAK offshore company. RAK ICC offshore agent play the role of  bridge between the investors and RAK ICC offshore authority. When deciding on a service provider, a lot of critical factors needs to be assessed. 

Why RAK ICC Offshore Company is Best Offshore Company Jurisdiction

There are a lot of options available locally and internationally for the offshore company registration and every jurisdiction has its own packages and offers to investors. Thanks to continuous efforts and struggle of RAK ICC management which has won international recognition and  has become one of leading international business centres. Here are key benefits of RAK ICC Offshore company formation in RAKICC.

RAK Offshore companies are best used for

RAK offshore company formation offers a wide range of benefits and business opportunities for investors and entrepreneurs. It is commonly used for holding assets, patents, trademarks, and other intellectual property, making it an ideal structure for protecting and managing valuable assets. These companies also play a key role in corporate structuring by acting as holding entities, while allowing businesses to hold real estate properties both within the UAE and internationally.

RAK Offshore company incorporation has some restrictions as follows

RAK offshore companies come with certain limitations that investors should be aware of before setting up their business. These companies are not permitted to sponsor UAE residence visas for investors or employees. Additionally, RAK offshore entities cannot conduct business with UAE resident individuals or companies, which restricts their operations within the local market. They are also not allowed to import goods into UAE ports, meaning bills of lading (BL) cannot be processed or changed within the country.

Furthermore, offshore companies in RAK are restricted from engaging in regulated activities such as financial services, insurance, and education. It is also important to note that nationals from sanctioned countries are not eligible to register a RAK offshore company. These limitations make RAK offshore structures more suitable for international business activities rather than local UAE operations.

KYC Documents required for RAKICC offshore company registration

For individual shareholders and directors, certain documents are required to proceed with RAK offshore company registration. These include a passport copy with at least six months validity (attested if the individual is not visiting the UAE at the time of registration), a detailed curriculum vitae or personal profile, proof of residence such as a utility bill, tax document, or bank-issued document, along with six months’ bank statements. In addition, any existing business profile, website, brochure, or company material should also be provided to support the application.

For corporate shareholders and directors, the documentation requirements include attested copies of the certificate of incorporation or trade license, memorandum and articles of association, and a certificate of good standing and incumbency. A duly attested and legalized board resolution for incorporating the RAK ICC company is also required, along with attested passport copies and other KYC documents of the appointed directors.

It is important to note that the authority reserves the right to request additional due diligence documents from shareholders and investors when necessary. Disclosure of the Ultimate Beneficial Owner (UBO) and submission of complete KYC information is mandatory and must be provided along with the required documentation.

The RAK offshore company formation process begins once all required KYC documents are submitted along with the proposed company name, business activities, and agreed fees. Our consultants review the documents and prepare the application, memorandum of association (MOA), and other required forms for shareholders’ signatures. After signing, scanned copies are submitted to the RAK offshore authority for initial review and approval. Upon approval, the investor is required to send the original documents, after which the remaining process is completed. Once the official documents are issued by the authority, they are handed over to the investor.