Formation of any business, either onshore or offshore, is a challenging initiative. As you dream about starting an offshore business in Ras Al Khaimah (RAK), one of the seven UAE emirates, a lot of excitement awaits you. So, you have decided to incorporate a new offshore company in RAK?
Well, you need to know which purposes your future company would be allowed to serve. Let’s take a look at the following types of business operations RAK allows its investors to undertake:
- General trading operations
- Real estate holding
- Professional and international business operations
- Assets protections
- Shipping management
- Tax planning
- Business consulting or advisory services
Getting started with company formation:
Initially, you will want to avail a full-fledge RAK company formation service that can assist you with your offshore company incorporation. You can find the services either from a registered free zone agent whose responsibility is to handle and submit all documents of your offshore company incorporation to the Company Registrar. There is no obligation to attest your company documents. You have to open a business bank account for your company.
You need to be in person to handle the incorporation process. The registered agent will carry out each and every task, from application to the actual incorporation procedure. The agent’s office will be the most likely workplace throughout the formation process which may take your agent around 2-3 business days to complete the formation.
List of documents required for the formation of an RAK offshore company:
- Passport-size color photographs of directors and shareholders.
- Utility bills for the last three months as part of the confirmation of the permanent address of directors and shareholders.
- Bank reference letter
- A brief bio-data of shareholders including their educational and professional background.
Once you have successfully incorporated your offshore company; your new found business setup being in combination with your business bank account can work legitimately to help you with other offshore jurisdictions.
After learning the above facts about an RAK offshore company setup, you will want to determine what Dubai has to offer you.
How is Dubai as a living place?
For many years, Dubai emerges as a liberal region because of its social scene, freedom to worship, many churches, and a consistent availability of foreign magazines, newspapers, films and DVDs. In addition, women are allowed to drive and move unaccompanied and freely. All these just add to the facts that an offshore company setup and living in Dubai are worth your efforts and investment.