Business setup in the Ras Al Khaimah, ICC
SCHEDULE A FREE CONSULTATIONA business setup in the Ras Al Khaimah ICC can be used for several things, such as holding businesses, international trade, shipping, international consultancy, patent management, and ownership of real estate. Recognizing RAK ICC’s unique benefits is essential for entrepreneurs interested in forming an RAK ICC firm. RAK ICC offers a simplified, business-friendly environment that sets it apart from other regions and makes it the perfect place to start and expand an offshore company.

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Key features of business setup in RAK ICC

Confidential
Confidential

Reduced Liabilities
Reduced Liabilities

Tax Incentives
Tax Incentives

Shareholders
Shareholders

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The Requirements for Business Setup in RAK ICC
· Copies of Passport
· Proof of residency
· Curriculum vitae
· Bank Reference letter to RAK Offshore Authority
· Bank statement for the company’s last six months
· An Attested Photocopy of the Applicant Company’s Business
· Certificate of Incorporation or Licence
· Attested Memorandum of Association for the founding of the RAK ICC firm
· Attested Resolution of Shareholders
· Copies of each director’s and shareholder’s passport
· The Good Standing Certificate
· The Company’s Certificate of Incumbency
· The Ultimate Beneficial Owner’s (UBO) Declaration
Regulation Of Economic Substance For RAK Offshore Companies
ESR applies to UAE-based businesses that participate in any of the nine Relevant business establishment activities. The nine activities that are relevant to ESG are the following: banking, insurance, investment fund management, leasing and financing, headquarters, shipping, holding companies, intellectual property, and distribution and service center businesses.
Business setup in RAK ICC with Vytal!
One of the top corporate registrars in the United Arab Emirates, RAK ICC, sees a lot of demand for the establishment of offshore companies. The RAK ICC Authority has the resources to satisfy ESR requirements and creative legislation, which encourages foreign investors to form RAK offshore firms. For business setup in the UAE, foreign investors are required to utilize a registered agent in the United Arab Emirates, such as Vytal.
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