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

Difference between offshore and onshore companies in Dubai, UAE

Businessmen can open an offshore company in Dubai Freezone but can not conduct any trading activities in the UAE. However, it can be used to do business with other countries, a higher reputation.

On the other hand, an onshore company is able to conduct all kinds of commercial activities in the UAE. The rules and regulations applied for Offshore and Onshore companies are different. There are more advantages for foreign investors and businessmen to open an offshore company than onshore for doing business in Dubai.

Offshore companies allow foreigners are able to own property in the UAE;
Low rate taxes are applied to offshore companies. It means the company has more financial resources to invest their money and take advantage of business growth.

The government of the UAE has designated several different areas such as Dubai Airport Freezone, Ras AL Khaimah Economic Zone (RAKEZ), Jebel Ali Free Zone (JAFZA), etc. to improve the business environment and attract more foreign companies.

Contact our advisory, we will support you to open an Offshore company and find which areas are fit with your business purpose.

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