RAK ICC Company

Start Your Offshore Company Formation

Interested in forming an offshore company?
Turn to the unrivalled expertise of A1 Global Formations.

RAK ICC Company

£2,150.00

RAK ICC Company

(Year 2 Price onwards £1,699.00)

Dubai has become an increasingly popular destination for UK investors looking to cash in on the local property boom or earn a tax-free salary. Dubai is a nil-tax haven for individuals. There is no personal income tax, no capital gains tax, no inheritance tax or sales tax.

Why choose a RAK Company Offshore Company Formation?

Main features of RAK Company company registration

  • RAK Company offshore companies benefit from no duties or taxes
  • Only one shareholder and one director required and board meetings can be held anywhere in the world
  • Both registered and bearer shares are available and the holders can convert their shares into the other type if desired
  • Bearer shares must be kept in custody by a licensed registered agent
  • Directors can choose the country in which they wish to keep accounting minutes, records and books
  • A RAK Company offshore company can maintain bank accounts in the United Arab Emirates

RAK Company offshore company formation, nominees, bank accounts and mail forwarding

As specialists in RAK Company offshore company formations, whether you’re looking for a simple offshore company registration or a complex structure (including offshore Trusts), A1 Global Formations can help. We also provide a comprehensive range of admin services for RAK Company companies, including the provision of nominee director, nominee shareholder, bank account services and mail forwarding.

Our expert RAK Company company formation and company registration team has established affiliations with local RAK Company company agents and extensive knowledge of the legal requirements for company formation in RAK Company. We also guarantee that all company filing documents and fees are up-to-date and will notify you of any compliance changes in RAK Company.

If you require us to take over the management of your existing RAK Company offshore company, we can usually do so at no extra cost.

To speak to an expert RAK Company company formation/registration advisor, please call

 

+44 208 371 2440

 

What’s Included in The Formation Price:

  • Certificate of Incorporation
  • Certified bound copy of the Memorandum and Articles of Association
  • Registered office and agent fee for the first year
  • Government fees for the first year
  • Company Secretarial Maintenance for first year
  • Issued Share Certificate
  • Register of Directors
  • Appointment of First Director
  • Consent letters etc
  • Company Share Register
  • Company Seal

RAK ICC Company

£2,150.00

Additional Information for Jersey

Background to Dubai Company Registration

Dubai offshore company formation/registration

A1 Global Formations is able to incorporate a Dubai offshore company (Ras Al Khaimah International Company or Jebel Ali Free Zone). The process usually takes up to five days.

Offshore company banking in Dubai

A1 Global Formations saves you time and hassle by working closely with a number of banks, including Barclays, Standard Chartered and ADCB in UAE, so we can incorporate Dubai companies with a choice of offshore bank accounts.

Anonymity and disclosure in a Dubai offshore company

A Dubai registered company provides very good privacy. With a Ras Al Khaimah International Company (RAKIC) formation there is no register of directors or shareholders, which maintains total anonymity. The company however must have at least one shareholder and one director to comply with the regulations in the Free Trade Zone. Corporate shareholders are also permitted.

The total anonymity offered by a Dubai offshore company formation means a Dubai offshore company registration is a popular choice in asset protection schemes. The dobule tax treaty does mean however overseas tax authorities can use any exchange of information provisions to request information from the Dubai tax authorities.

To be guaranteed to be free from Dubai taxes for 50 years, many businesses and in particular, e-commerce businesses, form a British Virgin Islands or Panama offshore company and then register it in one of the free trade zones. The Dubai Internet City (DIC) for example is a free trade zone specifically for ecommerce business. This technique also offers asset protection since a good offshore jurisdiction would ensure there would be no disclosure of shareholders and disclosure of directors may potentially be limited to just nominee directors.

Shares in a Dubai offshore company formation

For a Ras Al Khaimah International Company (RAKIC), the minimum share capital is AED1,000. Share capital must be denominated in UAE Dirhams (AED) divided into shares of AED1,000 each. If you wish, with a Dubai offshore company formation you can create different classes of shares in one or more series having their own rights, privileges, conditions and restrictions. Bearer shares are permitted but a licensed registered agent must hold the details of the company’s beneficial owners.

Dubai Offshore Company Formation

Tax benefits of a Dubai offshore company formation

For UK investors looking to capitalise on a booming property market or earn a tax-free salary, Dubai has rapidly increased in popularity. Dubai offers individuals:

  • No income tax
  • No capital gains tax
  • No inheritance tax
  • No sales tax

Tax liability of a Dubai offshore company

In comparison to other tax haven countries, Dubai performs well as a location for an offshore company registration. Dubai is part of the United Arab Emirates (UAE) so it has approximately forty-five tax treaties, which allow Dubai companies reduced withholding taxes on dividends and restricting tax overseas. Dubai is also on the Organisation for Economic Co-operation Development (OECD) white list for its exchange of information treaties.

CORPORATE INFORMATION

Type of entity Limited by shares
Political stability Excellent
Type of law Federal / Sharia
Disclosure of beneficial ownership No
Migration of domicile permitted No
Corporate taxation Nil
Language of name English or Arabic

CORPORATE REQUIREMENTS

Minimum numbers of shareholders 1
Minimum numbers of directors 1
Corporate directors permitted Yes
Minimum usual authorised capital Dhs 1,000
Fully paid Yes

LOCAL REQUIREMENTS

Local partner (UAE National or Company owned by UAE National) No
Registered office / agent Yes
Local directors No
Local meetings No
Government Register of Directors Yes
Government Register of Shareholders Yes
Local Auditor No

ANNUAL REQUIREMENTS

Annual Return Yes
Submit Accounts Yes

RECURRING GOVERNMENT COSTS

Minimum Annual Tax/License Fee AED 2,000
Annual Return Filing Fee AED 1,500

Administrative Additional Services*

*Please note that some ofthese services may be a requirement for particular jurisdictions. Contact us to learn more.

Professional Director

A Professional Director is a third party, who is appointed to act as a Director of a company.

Professional Shareholder

Professional Shareholders are usually required by clients seeking legitimate confidentiality of ownership..

Telephone Answering

Clients wishing to give the impression that their company is based in the UK or has a UK office.

Mail Forwarding

Enhance your business image whilst at the same time fully protecting your true identity and location

Offshore Banking

Offshore account for your company with our International Banking Partners.

Accounting Services

Provision of accounting services for your offshore company.

Trusts & Foundations

Ensure your assets are passed to beneficiaries of your choice.

Wealth Management

Offshore investment advice. Ensure your offshore funds are invested.

Related Services

Special Packages

A selection of special packages at discounted rates based on popular products and jurisdictions.

Offshore Banking

Select from a range of Offshore Banking solutions for your personal and business needs.

Additional Services

We offer specialist and comprehensive additional services to cover all of your corporate needs.

Download our Free guide to forming offshore

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+44(0)208 371 2440

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info@a1globalformations.com

A1 Global Formations | Your number one choice for global offshore formations

A1 Global Formations

EMFORD GLOBAL DMCC

+44 0208 371 2440

info@a1globalformations.com

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A1 Global Formations is a trading name of EMFORD GLOBAL DMCC a Company incorporated in Dubai Multi Commodity Centre.

EMFORD GLOBAL DMCC No: 0122 is an approved Registered Agent licenced by the RAK International Corporate Centre, Government of Ras Al Khaimah United Arab Emirates