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About RAK Company Administration
Posted in: Blog by admin on March 11, 2010
RAK Company Administration FZ LLC (RAKCA) is one of the largest Registered Agent for incorporating Offshore & Onshore Company regulated under Ras Al Khaimah Investment Authority. RAKCA is based in Ras Al Khaimah with its representation in Switzerland. RAKCA offers a full range of corporate services to its international clientele through tax effective onshore/offshore structures primarily in the United Arab Emirates. Our range of services include incorporation, management and administration of the offshore company, establishment of bank accounts with prime banks in UAE, accounting and auditing, legal and financial consultancy and real estate services
We Establish :
• Offshore companies – An offshore company is a company which is incorporated outside the jurisdiction of its primary operations. Offshore companies are sometimes known as non-resident companies. An offshore company should not conduct substantial business within the offshore jurisdiction where it is incorporated.
An Offshore company is :
o Very flexible corporate entity commonly used in international tax planning ; and
o Can be integrated into a wide variety of business arrangements.
Benefits of an Offshore company are :
o Tax optimization and reduction of tax exposure;
o Assets protection ;
o Efficient corporate structure ;
o Protection in case of death and reduction of extensive fees.
There is no standard reply as to which is the best offshore jurisdiction. However, RAK Offshore at the very outset was conceived to allow people unleash their entrepreneurial spirit by making it easier and more cost effective to start and operate offshore business.
There are a number of business activities which are suited to be operated through an RAK Offshore company, these include:-
- General Trading;
- Consulting and Advisory Services;
- Holding Company (buy/hold/sell stakes of companies) ;
- Investments and Joint Investments Company ;
- Property Owning;
- International services ;
- Professional Services ;
- Shipping and ship management companies ;
- Commission Agents Company – Intermediary Brokers (IB’s) .
The initiative of RAK Offshore will allow foreign investors to register offshore companies in the Ras Al Khaimah without the need to establish a physical presence. The RAK Offshore Registry gives more flexibility than other offshore company jurisdictions in the UAE. For example international companies will be able to own an interest in properties designated for free-hold sales, anywhere in the UAE and there are no restrictions on the types of business other than those set out by public policy and local regulatory requirements of the licensing authority.
A RAK Offshore company :
o Can be incorporated with a symbolic capital and ;
o With Sole Director/Sole Shareholder or with Corporate Director/Corporate Shareholder;
o It may own real estate in the UAE, with prior authorization from RAK Investment Authority;
o It does not require the shareholder/director to be physically present in the UAE for incorporation.
A RAK offshore company can only be incorporated by a registered agent and RAKCA, as an agent to RAK Offshore can incorporate your RAK Offshore Company within 24 hrs. Any non-resident individual or corporate entity can register a company with RAKCA.