Offshore Company Setup
About offshore company
Leverage the most advantageous corporate setup to accelerate your business growth.
Thanks to its tax efficiency, low setup costs, strong data protection, and secure property rights, the International Business Company (offshore company) stands out as the preferred corporate structure for international investors.
Additionally, UAE offshore companies provide enhanced profitability, streamlined reporting, and the option to preserve anonymity. **RAK International Corporate Centre (RAKICC), located in the Emirate of Ras Al Khaimah, is the leading choice for offshore company formation.** RAKICC operates as a modern, globally recognized registry that complies with top international standards and best practices for establishing international business entities.
About offshore company
Set up an offshore company at the RAK ICC
RAK ICC Offshore Company can own freehold real estate properties in Dubai without obtaining a Dubai trade license. To purchase real estate property under the company name, registered offshore companies can obtain a No Objection Certificate (NOC) from RAK ICC and register it with the Dubai Land Department.
There are also the following important points to be noted about the RAK ICC
- Offshore company cannot have a physical office in the UAE
- Shareholders and members are not eligible to apply for a resident visa in the UAE
- Company can maintain a bank account within or outside the UAE
- Offshore company can obtain corporate tax exemption certificates
- Can own shares of any UAE company – IC, Free Zone or Local Company
Advantages of RAKICC company setup
Ideal environment for your business success
RAKICC offshore companies are not obligated to maintain a physical presence in the UAE and are limited to conducting business activities outside the country. They can open bank accounts in Dubai or other Emirates. These entities are also exempt from submitting annual financial statements to authorities, making them low-maintenance requiring only annual renewal of registration.
100% foreign ownership
Complete repatriation of capital and profits
No residency or citizenship restrictions for directors and shareholders
There is no public registry published
Audit Report is not compulsory
Personal presence is not required for company incorporation
Zero personal income taxation.
Extensive infrastructure and facilities
No limits on hiring expatriate employees.
Requirement documents
Documents required for offshore company registration in RAKICC
- Individual shareholder – passport, UAE Residence Visa (if available), latest utility bill, current dated bank reference letter, updated comprehensive resume/CV
- Corporate shareholder – Certificate of Incorporation, Memorandum and Articles of Association, Certificate of Good Standing, Certificate of Incumbency or Extract of Company, Board Resolution
- Appointed manager/officer (if not a shareholder) – passport, UAE Resident Visa (if available), comprehensive resume/CV
How can we help?
Backed by over 16 years of expertise, we support you through every step of establishing your company in the Dubai South Free Zone
Understanding how valuable our clients’ time is, we ensure a hassle-free UAE Residence Visa process by offering hotel pick-up, transportation to government authorities, and drop-off back at their hotels eliminating the stress of managing medical tests and document submissions on their own.
The benefits of working with us that you can’t miss:
Our experienced and dependable team brings in-depth knowledge of local laws and regulations, along with strong relationships with UAE authorities, top free zones, and both local and international banks. We’ll guide you through every step of setting up your company in the DWTC, delivering highly personalized support to help you succeed in the UAE.
We're here to support your success in the UAE.
Reach out to our experts to start a successful business in the UAE.