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
RAK ICC Company
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 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:
RAK ICC Company
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:
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.
|Type of entity||Limited by shares|
|Type of law||Federal / Sharia|
|Disclosure of beneficial ownership||No|
|Migration of domicile permitted||No|
|Language of name||English or Arabic|
|Minimum numbers of shareholders||1|
|Minimum numbers of directors||1|
|Corporate directors permitted||Yes|
|Minimum usual authorised capital||Dhs 1,000|
|Local partner (UAE National or Company owned by UAE National)||No|
|Registered office / agent||Yes|
|Government Register of Directors||Yes|
|Government Register of Shareholders||Yes|
RECURRING GOVERNMENT COSTS
|Minimum Annual Tax/License Fee||AED 2,000|
|Annual Return Filing Fee||AED 1,500|
RAK ICC Company
Need Our Help?
Administrative Additional Services*
*Please note that some ofthese services may be a requirement for particular jurisdictions. Contact us to learn more.
A Professional Director is a third party, who is appointed to act as a Director of a company.
Professional Shareholders are usually required by clients seeking legitimate confidentiality of ownership..
Clients wishing to give the impression that their company is based in the UK or has a UK office.
Enhance your business image whilst at the same time fully protecting your true identity and location
A selection of special packages at discounted rates based on popular products and jurisdictions.
Select from a range of Offshore Banking solutions for your personal and business needs.
We offer specialist and comprehensive additional services to cover all of your corporate needs.