If you have decided to start RAK offshore company formation, then there are some things that you must consider. One of these is the tax-free zone. This tax-free zone will allow you to conduct import-export activities without any fees or restrictions. Another key benefit is the flexibility of incorporating into a RAK offshore company. You will not need a local shareholding or bank account.
If you are planning to invest in a RAK offshore company, there are a few things that you need to know. The process of forming an offshore company is straightforward. There are no residency requirements, audits, or financial requirements. You can even set up a series of shares, each with different rights and privileges. Depending on your business needs, you may even decide to set up several RAK companies.
No strict rules and regulations:
If you are looking for a way to start a business without worrying about governmental regulation, you may be interested in RAK offshore company. It is a free trade zone that houses business buildings. While registering an offshore company with RAK is not required, it is recommended to have one shareholder or director begin operations. You can even choose to become a director and shareholder without actually being a resident of the UAE.
No need for local shareholding:
If you want to invest in a RAK offshore company, you can get the benefits of a completely foreign entity without having to pay taxes or register in a local country. Unlike local companies, RAK offshore companies have no shareholding requirements and are therefore free of government restrictions. You can even get the registered office address for a small amount of capital. But before you invest in RAK offshore companies, you should understand how the company works.
No need for local bank accounts:
You can set up an offshore company in Ras Al Khaimah with no need to open a local bank account. The RAK offshore regime is fully confidential, and there is no need to disclose the beneficial owner. The registration process is also easier with fewer rules and regulations than with other free zones. For more information, contact the RAK Investment Authority. No local bank accounts are required. You can save on local taxes, and your offshore company will be tax-exempt.