|Home||» Services||» Offshore Company Formation Overview||» RAK Ras Al Khaimah Offshore Company Formation Services|
Ras Al Khaimah Offshore also known as (RAKIA) has established itself as a foremost commercial firm with the amazing amalgamation of extremely innovative and dynamic business ideas. RAKIA is situated at the crossroads of commerce and trade between East and West. This entrepreneurial company is positioned in a way to provide services and have access of the markets of Indian Subcontinent, Middle East, Africa and various CIS Countries. Along with that, Ras Al Khaimah Offshore follows the time zone which successfully connects it to the markets of united states. With this exploration and development of the company in the market has helped it to built an advanced infrastructure, and other facilities, like air and posts, which has supported it to be the most well connected hub in that particular region.
Ras Al Khaimah Offshore has a politically stable status, which is supported by its forward looking government. This support lead it towards the strong commitment with the professional business attitude to the private business sectors. The lower cost work environment has contributed a lot to made it a reputed business firm. All the systematic terms and conditions, like custom framework, appropriate tax system it works on has enabled it to attract high business investment from all around the world. RAKIA is a contemporary multicultural spot which is the combination of sports, education, entertainment and shopping facilities along with the state of the art of the medical which promises the quality life. "Ras Al Khaimah" is an ideal yet professional location for all the multinational companies who want to establish their regional presence.
RAK – Ras Al Khaimah Offshore Company Registration
The company Ras Al Khaimah Offshore was established by RAKIA (Ras Al Khaimah Investment Authority). A wide range of facilities are offered by RAKIA and UAE, Which makes this place a more attractive option for business people. Within a day it is necessary to submit all the important and required documents to the RAKIA Offshore Registrar.
Following benefits are offered
It follows the Double Taxation Treaties (DTT), which is an agreement under which it prevents corporations and individuals from being skeptikal to paying tax during the same period of time. As per these agreements, it js determined that which of the two states concerned should impose the tax in a particular situation.
RAKIA Offshore Companies may own yachts registered in the UAE.
It can either own or lease real estate properties in the UAE approved by RAKIA as well as anywhere outside the UAE.
Legalization of documents is cost less comparatively and least clumsy than other authorities. RAKIA Offshore Companies can hold an account in a bank within and/or outside the UAE for the purpose of conducting routine operational transactions.
A resident of United States Of Emirates may hold shares in a Ras Al Khaimah Offshore company.
Ras Al Khaimah Offshore supports
More about the roles and responsibilities in the company;
As Ras Al Khaimah Offshore is positioned in the middle east and has extended its network from UAE to USA, therefore AE Dirham and US Dollar can be used as the denomination for the capital. On a prior note, any foreign currency can be acceptable here but the priority consent has always be approved by the investment authority of As Ras Al Khaimah.
At least one director is required and more than one corporate directors are allowed. As per the Memorandum and Articles of Association number of directors can be fixed. First slot of directors are always appointed by the incorporates during the time of incorporation and rest of the The first directors are appointed by them are chosen by the shareholders through voting. Elected director will hold office for a certain period of time fixed by the shareholders. In RAKIA elected directors have all the powers and authorities of the company.
Likewise directors, minimum one shareholder is required. Only corporate shareholders are permitted here. Shareholders meeting should held at least once in a year.
Every company associated with RAKIA Offshore Company is have to have a secretary. The secretary in the company is hired by the shareholders for the specific period of time. A shareholder can also be appointed either as a secretary and/or a director.
When it comes to Share Capital, there is no such minimum capital amount is fixed or required. It is necessary to issue Share Certificates in two months. All Shares can either be issued fully, partly or nil paid.
Annual Account and Audits
Here Audited Accounts are not required, but an authorised person approved by the directors can audit it. It is must to have a complete record of annual account, which reflects the financial position of the company.
All the Companies come under RAKIA Offshore are required to maintain the following registers:
Ras Al Khaimah Offshore is an independent territory of any other country in the world. RAKIA doesn't share any related reports or information to any other organization. It is independent of EU saving tax directive
It is necessary to appoint an approved registered agent from the list of the
approved RAKIA Offshore Registered Agent List (IBSS Businessmen Service is an approved RAKIA Offshore Registered Agent).
Re- domiciliary provisions
All the companies are incorporated under the laws of a foreign jurisdiction may continue its existence as a company registered under the Act. Likewise, RAK Offshore business companies also required to transfer their domicile to foreign territories that permit related procedures.