Ras-Al-Khaimah (RAK), one of the seven Emirates that make up UAE has established an International Corporate Centre (ICC) to simplify setting up an Offshore company in the UAE.

In recent decades, Ras Al Khaimah has emerged as a popular destination for expats and global MNCs due to its global lifestyle, superior infrastructure and business-friendly policies of its rulers. The social development index is very high with several world-class schools, colleges, malls and hospitals spread across the emirate. The free zones in RAK have spurred industrial activity making it a self-sufficient Emirate in every respect.

In much the same way, the RAKICC offers various benefits to an offshore company:

  • No Corporate Tax or Income Tax
  • 100% Foreign ownership is allowed
  • No FOREX or trade restrictions
  • 100% repatriation of capital possible
  • Easy access to key decision makers in the ICC
  • Simplified procedures to transfer shares
  • No limit on the maximum number of shareholders

Setting up an offshore company in the RAKICC
There are several formalities for setting up an offshore company in the RAKICC. Please consult CSU for more information.


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