Minimum Capital Required to Register an Offshore Company in RAK?

There is no such minimum capital requirement to register an offshore company in Ras Al Khaimah (RAK), which makes RAK offshore company setup a profitable idea for international investors. Over the last few years, RAK has continued to attract the attention of international investors who are now setting up their offshore companies and playing an important part in building a strong reputation for RAK as an industrial state.

Minimum Capital Required for RAK Offshore Company Registration

As mentioned earlier, there is no minimum capital requirement for setting up an offshore company in RAK. An offshore company in RAK can only be registered with assistance of officially registered agents. The application process for an offshore company is quite simple and the applicant doesn’t even need to be physically present in the country to apply for the RAK offshore company registration. You will just need to contact a registered agent and the agent will handle the whole procedure to setup your offshore business company in RAK. There is no minimum capital required for RAK offshore company setup and you will only need to pay  AED 10,000 as the initial license fee. However, please get in touch with IBG Consulting know the latest RAK offshore company formation fees and procedures.

Documents Required for RAK Offshore Company

There is a simple procedure that needs to be followed to set up an offshore business company in RAK. You need to submit following documents to the officially registered agent in order to apply for the registration of your offshore company:

• Colored passport copies of the Director and each Shareholder
• Short profile of the Director and each Shareholder that fundamentally involves their academic background
• A document about company profile
• Original Bank Reference Letter
• Last 3 months utility bills of Director and each Shareholder
• Address confirmation of Director and each Shareholder

All these documents need to be submitted to the registrar and the whole procedure to setup an offshore company in RAK gets completed within just 2-3 days.