Offshore companies are set up for operating outside their registered jurisdiction or the location of their primary setup. So, UAE offshore companies cannot trade within UAE.
For those outside the UAE, Offshore companies are often confused with Free Zones. The offshore company lies legally outside a nation’s boundary whereas a Free Zone is within, but governed by that local authorities’ own rules which often offer lighter regulation and duty exemptions.
Offshore companies do not provide UAE residency visas for the owners, while free zones will support Investors with residency status in the UAE
Advantages of UAE offshore business setup
- 100% ownership possibility
- Physical offices not required
- No corporate tax applied
- Owner personal details not recorded publicly
- Multicurrency bank account and ease of business internationally
AAA facilitates RAK International Corporate Centre (RAK ICC) company formations.
RAK Offshore Company Formation
Ras Al Khaimah (RAK) is one of the seven emirates that form the Federation of the United Arab Emirates (UAE). The emirate of Ras Al Khaimah (RAK) is located at the northern end of UAE on the coast of the Arabian Gulf. Only 50 minutes from Dubai International Airport and 25 minutes from RAK International Airport.
RAK prides itself on its traditional shipbuilding and trade and is at the forefront of quarrying, manufacturing, and tourism. Ras Al Khaimah (RAK) has steadily grown and gained credibility as an attractive hub for business with a dynamic and diversified economy. The commercial incentives and low-cost business setup have attracted a wide range of commercial activity. Additionally, a RAK offshore company offers a fast and viable solution for those companies looking to redomicile their company from more traditional offshore solutions.
RAK ICC companies are ideal for
- Structured Finance Transactions
- Securitizations and Ring-Fencing Assets
- Ownership of Real Estate Properties & Assets
- Holding Structures and Special Purpose Vehicles
- Estate Planning and Asset Protection
