RAS AL KHAIMA OFFSHORE

An offshore company operates differently from a free zone company. It is a legal entity created to conduct business outside the country of incorporation and/or the location of its ultimate ownership.
The advantages of setting up an offshore company in the UAE include, but are not limited to, being exempt from corporate income tax, offering business flexibility and anonymity at a lower cost (e.g., not being required to maintain office space), and providing asset protection for real estate located in the UAE.

Ras Al Khaimah is a significant offshore jurisdiction in the UAE.

Both are “Tax Free” zones, meaning that businesses operating there are not subject to UAE corporate or income tax. They also allow for complete foreign ownership and enable registered companies to open multiple currency accounts and conduct business in the UAE.

RAK Offshore Company Formation

Setting up a UAE RAK Offshore Company is cost-effective and well-regarded in the region. RAK is the most economically viable offshore option in the UAE and the best alternative available due to the quick and straightforward registration process.

RAK offshore companies do not have a physical office in RAK and are not allowed to conduct business in the UAE. However, they benefit from full tax exemption and complete privacy, confidentiality, and asset and information protection while enjoying full access to company profits. A registered agent is necessary for RAK offshore company registration, and their office can serve as the company’s registered office.