What type of company in RAK?

The type of the company in RAK is International Business Company (IBC) IBC refers to International Business Company It is a company which does not conduct substantial business in its country of incorporation. It is formulated in a tax free jurisdiction. It legally minimizes any type of tax burdens. It improves one's wealth managementRead more: RAK offshore company cost Advantages of an offshore company in RAK

Is there any requirement/regulations governing availability of names for the RAK Offshore companies?

RAK Offshore International Business Companies (IBC) must use the suffix Limited or Ltd. to denote limited liability.

What is the minimum paid up for the capital of company in RAK

The usual authorized capital of RAK company is 1,000 AED. But there is no minium paid up for the company

Is it possible to hold 100% share by a foreigner?

It is possibe. A foreigner can own 100% share of the company

How do I remain anonymous with RAK company?

All information, documents are strictly kept confidential. No one can find the company information online.Furthermore, we have nominee services which can help to keep your name out of all the paperwork.Read more: UAE nominee services Difference between offshore and onshore company in UAE

Do I have to do accounting and auditing for RAK IBC?

No annual reports or accounts need to be filed. Accounts must be audited and accounts must be distributed to shareholders (but NOT filed with the authorities)

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Related FAQs

1. What type of company in RAK?
2. Is there any requirement/regulations governing availability of names for the RAK Offshore companies?
3. What is the minimum paid up for the capital of company in RAK
4. Is it possible to hold 100% share by a foreigner?
5. How do I remain anonymous with RAK company?
6. How much corporation tax do I have to pay?
7. What a RAK Offshore company may and may not do?
8. What are the main activities that a RAK Offshore company can hold inside and outside UAE?
9. How long it takes to set up a RAK Offshore company?
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19. What are the advantages of an offshore company in RAK?
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22. What is the main difference between Offshore & Onshore companies in Dubai, UAE?

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