Business setup in Ras Al Khaimah Offshore
Business setup in RAS AL KHAIMAH Offshore
RAS AL KHAIMAH Offshore is a popular choice for entrepreneurs who want to establish their business in the UAE. It offers a wide range of benefits, such as 100% foreign ownership, zero corporate tax, and no personal income tax, making it an ideal destination for offshore company setup.
At Prodigy Corporate Services, we provide end-to-end solutions for business setup in RAS AL KHAIMAH Offshore. Our team of experts can assist you in every step of the process, from choosing the right business structure to obtaining the necessary licenses and permits.
Our services include:
- Company formation: We can help you incorporate your company in RAS AL KHAIMAH Offshore quickly and efficiently.
- Bank account opening: We can assist you in opening a corporate bank account in RAS AL KHAIMAH Offshore to manage your finances.
- Visa services: We can provide you with visa services to help you obtain your UAE residency visas and work permits.
- Corporate PRO services: We can handle all your corporate PRO services, such as document clearing, visa processing, and more.
At Prodigy Corporate Services, we understand the complexities of business setup in RAS AL KHAIMAH Offshore. That’s why we offer personalized solutions tailored to your unique requirements. Our team of experts has extensive knowledge and experience in the industry, ensuring a hassle-free and seamless setup process.
Contact us today to know more about our RAS AL KHAIMAH Offshore company setup services.
Process to register the company in RAS AL KHAIMAH Offshore
Sure, here’s an overview of the process to register a company in RAS AL KHAIMAH Offshore:
- Choose the Business Activity: The first step is to decide on the type of business activity you want to pursue. You should conduct thorough research to ensure that your chosen business activity is feasible and profitable.
- Select a Business Structure: Next, you need to decide on the business structure that suits your requirements. You can choose between a Free Zone Establishment (FZE), Free Zone Company (FZC), or a branch of an existing company.
- Choose a Name for Your Company: You will need to choose a unique and appropriate name for your company. It must not be similar to any existing company names in the UAE.
- Submit the Required Documents: You will need to submit a set of documents to the relevant authority for company registration. These include a copy of your passport, a business plan, and other relevant documents.
- Obtain Approvals and Licenses: Depending on your business activity, you may need to obtain additional approvals and licenses from the relevant authorities.
- Open a Bank Account: Once your company is registered, you can open a bank account in RAS AL KHAIMAH Offshore. This will allow you to manage your finances effectively.
- Hire a Corporate PRO: It is recommended that you hire a corporate PRO to handle all the legal formalities and document processing related to your company.
At Prodigy Corporate Services, we can assist you in every step of the process to register your company in RAS AL KHAIMAH Offshore. Our team of experts can provide you with comprehensive support and guidance to ensure a hassle-free setup process. Contact us today to know more about our services.
Documents required to register a company in RAS AL KHAIMAH Offshore
To register a company in RAS AL KHAIMAH Offshore, you will need to submit the following documents:
- Passport Copies: You will need to provide a copy of the passport of all shareholders, directors, and company secretary.
- Business Plan: A detailed business plan that outlines the nature of your business, your target market, your products or services, and your marketing strategy.
- Memorandum of Association (MOA) and Articles of Association (AOA): These documents define the objectives, rights, and duties of the company and its shareholders. They also specify the internal rules and regulations of the company.
- Shareholders Resolution: A resolution signed by all shareholders of the company agreeing to the company’s formation and appointing the first directors of the company.
- Board Resolution: A resolution signed by the board of directors approving the company’s formation, issuing shares, and appointing the company secretary.
- Appointment of Company Secretary: A copy of the resolution appointing the company secretary and their consent to act in that capacity.
- Registered Office Address: You will need to provide a physical address in RAS AL KHAIMAH Offshore as your company’s registered office.
- Bank Reference Letter: A reference letter from a bank confirming that the shareholder or director has a good standing with the bank.
- Police Clearance Certificate: A police clearance certificate from the shareholder or director’s home country, attested by the UAE embassy.
- Power of Attorney: A power of attorney authorizing a representative to act on behalf of the company during the incorporation process.
At Prodigy Corporate Services, we can assist you in preparing and submitting all the required documents for your company registration in RAS AL KHAIMAH Offshore. Our team of experts has extensive experience and knowledge in company formation in the UAE, ensuring a seamless and hassle-free setup process. Contact us today to know more about our services.
Advantages of registering a company in RAS AL KHAIMAH Offshore
Registering a company in RAS AL KHAIMAH Offshore offers several advantages, including:
- Tax Benefits: RAS AL KHAIMAH Offshore offers tax-free status for companies registered in the free zone, making it an attractive option for international investors.
- 100% Foreign Ownership: Companies registered in RAS AL KHAIMAH Offshore can be 100% foreign-owned, which means that investors can retain full control of their business.
- Easy Company Formation: The company formation process in RAS AL KHAIMAH Offshore is relatively straightforward and can be completed quickly with the help of a reliable business setup service provider.
- Cost-Effective: Setting up a company in RAS AL KHAIMAH Offshore is cost-effective compared to other jurisdictions in the UAE, making it a popular choice for startups and small businesses.
- Flexible Corporate Structure: Companies registered in RAS AL KHAIMAH Offshore can have a flexible corporate structure with no minimum capital requirement.
- Privacy and Confidentiality: RAS AL KHAIMAH Offshore provides a high level of privacy and confidentiality for businesses and investors, with strict data protection laws and regulations.
- Strategic Location: RAS AL KHAIMAH Offshore is strategically located between Europe, Asia, and Africa, providing easy access to global markets and business opportunities.
At Prodigy Corporate Services, we can help you take advantage of these benefits by providing comprehensive support and guidance throughout the company registration process in RAS AL KHAIMAH Offshore. Contact us today to know more about our services.
Exact cost of registering a company in RAS AL KHAIMAH Offshore
The cost of registering a company in RAS AL KHAIMAH Offshore can vary depending on various factors such as the type of business, the number of shareholders, the share capital, and the services required. However, here is a rough breakdown of the costs involved:
- Company Formation Fees: The fees for company formation in RAS AL KHAIMAH Offshore typically range from AED 5,000 to AED 10,000.
- License Fees: The license fees for RAS AL KHAIMAH Offshore companies are generally between AED 4,000 to AED 12,000, depending on the type of license required.
- Registered Agent Fees: A registered agent is mandatory for RAS AL KHAIMAH Offshore companies, and their fees typically range from AED 3,000 to AED 6,000 per year.
- Bank Account Opening Fees: The fees for opening a bank account in RAS AL KHAIMAH Offshore can range from AED 1,000 to AED 5,000, depending on the bank and the services required.
- Miscellaneous Fees: There may be other miscellaneous fees involved, such as notarization fees, visa fees, and translation fees, which can add up to the overall cost.
At Prodigy Corporate Services, we can provide you with a detailed breakdown of the costs involved in registering a company in RAS AL KHAIMAH Offshore based on your specific requirements. We offer cost-effective and transparent pricing with no hidden charges. Contact us today to know more about our services.
How do I form an offshore company in Ras Al Khaimah (RAK)
Forming an offshore company in Ras Al Khaimah (RAK) involves the following steps:
- Choose a Business Activity: The first step is to decide on the type of business activity you want to conduct through your offshore company. RAK offers various business activities such as consulting, trading, and holding.
- Select a Company Name: The next step is to select a unique and suitable name for your offshore company that complies with RAK regulations.
- Determine Share Capital: There is no minimum share capital requirement for offshore companies in RAK. However, it is recommended to have a sufficient amount of share capital to meet the company’s operational expenses.
- Appoint a Registered Agent: Appoint a registered agent who will act as a liaison between your company and the authorities in RAK.
- Prepare the Required Documents: The next step is to prepare the required documents, which include a copy of your passport, proof of address, and a bank reference letter.
- Submit the Documents: Submit the required documents to the RAK International Corporate Centre (RAKICC) and pay the registration and licensing fees.
- Obtain a License: Once the registration process is completed, obtain a license from the RAKICC to conduct your chosen business activity.
- Open a Bank Account: Finally, open a bank account in RAK for your offshore company to manage your finances and conduct transactions.
At Prodigy Corporate Services, we can provide you with comprehensive support and guidance throughout the company formation process in RAK, ensuring a smooth and hassle-free experience. Contact us today to know more about our services.
FAQ'S
Frequently Asked Questions
What is the minimum share capital requirement for forming an offshore company in RAK?
There is no minimum share capital requirement for offshore companies in RAK. However, it is recommended to have a sufficient amount of share capital to meet the company’s operational expenses.
Can I own an offshore company in RAK as a non-resident?
Yes, non-residents can own an offshore company in RAK.
Do I need to have a physical office in RAK to form an offshore company?
No, you do not need to have a physical office in RAK to form an offshore company. However, you are required to have a registered agent who will act as a liaison between your company and the authorities in RAK.
How long does it take to form an offshore company in RAK?
The timeframe for forming an offshore company in RAK can vary depending on various factors such as the completeness of the documents submitted and the workload of the authorities. Generally, it takes around 2 to 3 weeks to complete the registration process.
What are the tax benefits of forming an offshore company in RAK?
Offshore companies in RAK are exempt from corporate and personal income taxes, making it an attractive location for businesses seeking tax optimization.
At Prodigy Corporate Services, we have a team of experts who can provide you with detailed information and answer any other questions you may have about forming an offshore company in RAK. Contact us today to know more about our services.
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