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.

Shareholding & Directorship
Shareholders
Minimum of one shareholder is required
Corporate shareholders are allowed
International corporate shareholders are required to have all company documents attested
Directors
Minimum of one director is required and corporate directors are permitted
Details of directors are not available on the public register
Secretary
Every company must have a secretary
A company director may also act as company secretary
Share Capital
No minimum share capital required
Every company must keep accounting records for 7 years from the date of preparation
Key Benefits
100% Foreign Ownership
Fast Incorporation
Gateway to the international market
Stable and business-friendly legal system
No restriction on citizenship and no residency limitation
Can hold shares in a free zone company as well as in an onshore (LLC) company
High level of privacy and confidentiality guaranteed
Businesses can have multiple bank accounts in different currencies to carry out their international business operations