RAK Offshore Company formation is a secure and cost-efficient option for businesses. RAK Offshore Company, like every other offshore company in the UAE, gets benefits such as tax exemption and total foreign ownership. RAK Offshore Companies allow an entity to have a single shareholder whose physical presence in the country is not mandatory.
In 2006, the Ras Al Khaimah government launched the RAK Offshore Company. The Ras Al Khaimah Free Trade Zone Authority International Companies Regulations 2006 regulates the RAK Offshore Company.