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Ras Al Khaimah Offshore

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RAK Offshore Company Setup

RAK Offshore is a popular jurisdiction for entrepreneurs, investors, and businesses looking to establish an offshore company with ease and efficiency. The process of setting up a RAK Offshore company is straightforward, with minimal requirements for capital and documentation. Companies benefit from 100% foreign ownership, tax exemption on income and profits, and the ability to open multi-currency bank accounts in the UAE. RAK Offshore is ideal for businesses involved in international trade, asset protection, estate planning, and holding intellectual property.
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Change of Domicile

The Change of Domicile option allows companies incorporated in other jurisdictions to re-domicile to RAK Offshore without the need to liquidate the existing entity. This process is also known as company migration or continuation. By changing domicile to RAK, businesses can take advantage of the emirate’s favorable legal and tax environment while maintaining their original corporate identity. This option is particularly beneficial for companies seeking a more stable and business-friendly jurisdiction without disrupting their operations.

Change Registered Agent

RAK Offshore companies are required to have a registered agent in the UAE who acts as a liaison between the company and the RAK International Corporate Centre (RAK ICC). If a company wishes to change its registered agent, the process is simple and can be done without affecting the company’s operations. Changing the registered agent may be necessary if a company wants to improve the quality of services received, reduce costs, or if the current agent is no longer providing the required support.
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RAK ICC Foundation Setup

RAK ICC offers the option to set up a Foundation, a legal entity that is particularly useful for wealth management, asset protection, and succession planning. Foundations in RAK are governed by international best practices, providing a robust structure for holding assets, managing private wealth, and planning estates. The RAK ICC Foundation Setup is an attractive option for high-net-worth individuals and families looking to protect their wealth and ensure a smooth transfer of assets to future generations. Foundations are also commonly used for charitable purposes, acting as a vehicle for philanthropic endeavors.