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The type of the company in RAK is International Business Company (IBC)
There are 02 ways you can start a business in Dubai: free zone business setup and mainland business setup. As a foreigner, you should choose the former option, as it offers more exclusive benefits for overseas businesses.
The cost for Dubai free zone company setup varies depending on the type of free zone business setup that you choose, e.g. Dubai Multi Commodities Centre Authority (DMCC), Dubai Creative Clusters Authority (DCCA) and Jebel Ali Free Zone (Jafza). Generally, Dubai free zone company setup costs range from AED 9,000 to AED 10,000. Other fees incurred during the free zone business setup includes:
Out of all Dubai free zones, DMCC is our top choice for free zone company setup. Even though the setup cost is a bit higher than other free zones, DMCC is still a better option as it provides a variety of value-added services and support for foreign businesses. Being the world-leading free zone for 6 consecutive years, DMCC is the ideal destination for Dubai free zone company setup.
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.
It may have non UAE resident as director or shareholder.
It may have UAE resident as director or shareholder. (Read more: UAE residency)
It may have corporate shareholder/corporate director
It does not require the shareholder/director to be physically present in the UAE for incorporation
It may hold shares in other UAE and worldwide companies.
It may maintain bank accounts and deposits in the UAE or worldwide.
It may own real estate in the UAE, with prior authorization from RAK Investment Authority.
It is not obliged to maintain its books and records.
It cannot have physical offices in the UAE.
It may not carry on business within the UAE.
It may not obtain UAE Residency Visa.
It may not do banking and insurance business without special license.
What are the main activities that a RAK Offshore company can hold Outside UAE?
Usually It takes 2 working day to set up company in UAE
For opening RAK offshore company, Offshore Company Corp requires to have:
After the company is formed, we will send you soft documents via email. After that, we will courier the hard document to you:
Ras Al Khaimah (RAK) and Dubai International Business Company (IBC) is for Offshore Company Status.
Request FREE Company Name Search.
Send your Required Documents scanned copies to us:
After checking the documents, we will send you a proforma invoice for our service fees.
Making Payment for your Order
RAK offshore company formation
Confidently starting your business
The renewal date of RAK IBC is the anniversary date
As the requirement from the Registry, We will prepare the following forms and let you to sign it:
There are three types of business entities in the UAE: Offshore Company Formation – RAK IBC, FreeZone Company Formation – FZE / FZC / FZ LLC, and Local Company Formation – LLC.
Firstly, the owners must pick a unique name that is approved by the UAE government. Typically, the owner will submit three different business names that are approved one out of the name.
Secondly, the UAE company must have a local registered agent and local office address.
One IBC can help the clients in opening the offshore IBC in UAE. With over 10 years of experience in support and advising the clients in setting up the company around the world, we believe that can make satisfaction for every customer who cooperates with us.
Ras Al Khaimah (RAK) is one of the most developed economies in the UAE. It attracts foreign investors through government policies, high-quality infrastructure, friendly trade relations with nearby countries.
For more information about opening RAK IBC company in UAE, the clients can contact One IBC to have the maximum support and advises
One IBC can support customers with the offshore company formation process as well as the requirements of jurisdictions that the clients are interested in.
Dubai is one of the friendly jurisdictions for foreign investors and business owners to set up a business. Opening a Corporate Bank Account in Dubai is an easy and simple process if you know the right required documents. One IBC can support you open a bank account in Dubai and make the process simpler for the applicants.
During the time of the process, bankers may ask further questions or require more documents to open a bank account.
Registering the Freezone company in Dubai (UAE) is the first step to start a business and take many advantages from the government of the UAE. The main benefits of Free zone company in Dubai, UAE including:
One IBC can guide and support you to register your Freezone company in many special areas to get advantages that apply only for foreign business in UAE such as RAK Free Zone, Dubai Free Zone (DMCC), Ajman Free Zone.
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.
Read more: Benefits of Free zone company in Dubai
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.
We are always proud of being an experienced Financial and Corporate Services provider in the international market. We provide the best and most competitive value to you as valued customers to transform your goals into a solution with a clear action plan. Our Solution, Your Success.