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Business Setup In UAE-RAK Offshore

UAE-RAK Offshore - Requirements for Business Registration

  • Proof of tradename reservation (Our Firm task)
  • Proof of initial approval for the activities (Our Firm task)
  • Passport Copies for the shareholders
  • Passport copy and C.V. (Resume) for the Manager
  • Personal Information sheet for each shareholder & manager (Template will be forwarded by Our Firm)
  • Notarized and attested Power of Attorney appointing Our Firm as your legal representative, So that we can act on your behalf and/or on behalf of the shareholders.(Template will be forwarded by Our Firm).
  • There are some activities which might require third party / authority pre approval - accordingly additional Cost and professional fees might be applicable.
  • Also during the process, it might be a requirement for a few other documents by the authorities

Additional Documents required for a corporate shareholder

  • Attested and notarized Memorandum of Association / Article of Association. It must be attested from the UAE Embassy at the place of origin.
  • Board resolution to be resolute by the board of directors for your existing company/ entity at place of origin expressing intent of establishing a new setup abroad. Must be attested and notarized by the U.A.E Embassy.(Template will be forwarded by Our Firm)
  • Certificate of registration (if applicable) for your existing company/ entity, license or certificate Of incorporation your existing company/ entity attested and notarized by the U.A.E Embassy.

Benefits / Advantages

  • 100% foreign ownership.
  • Exemption from all import duties.
  • 100% repatriation of capital and profits.
  • Freedom from corporate taxation.
  • Abundant inexpensive energy.
  • Simple and efficient recruitment procedures.
  • A high level of administrative support.
  • The company can hold a bank account in the UAE.
  • To legally protect assets from possible claims by others.
  • To simplify the transfer of ownership and save stamp duty which otherwise becomes payable when the property is sold.
  • You can have your own license from the government and make business anywhere in the world.
  • No office required.
  • No paid up capital.
  • The easiest way to make your international trade business

PROHIBITED ACTIVITES IN RAK Offshore

• Insurance
• Banking
• Financial
• Military
• Consulting
• Intellectual Property
• Media
• Publishing
• Advertising
• Movie Production
• Casino
• Game & Win
• Advisory

Setup in UAE-RAK Offshore
Table of estimated government cost & professional fees
Trade License option / activity Cost in US$ Cost in AED
Lump sum Amount, covers registrations fees and our professional fees US$ 4,000 AED 14,680
Assistance in Opening Bank Account (Optional) US$ 1,000 AED 3,680
Our Firm Professional Fees US$ 5,000 AED 18,365
 
ATTENTION - NOTE
The exact government cost will be determined by the concerned authority at the time of applying. There might be additional requirement during the process.
Our Professional fees covers consultation sessions, drafting of legal documents in English and Arabic, introducing reliable local citizen service-agent when required, supporting indocuments Notarization from the local notary public, assisting in bank account opening,and applying to the Concern authorities on your behalf.
 

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