RAK Offshore is making it possible for non-resident corporations, entrepreneurs and individuals worldwide to enjoy all the advantages which were available only to resident entities.
At RAK Offshore, the sole objective is to help your business succeed. From the very outset, it was conceived to allow investors to unleash your entrepreneurial spirit by making it easier and more cost-effective to start and operate an offshore business.
RAK Offshore offers businesses and individuals a wide range of comprehensive services and structures that are dedicated to non-residents. RAK Offshore also benefits from one of the most comprehensive lists of non-double taxation treaties in the world, including with China, India, Italy, France and Germany.
Day-to-day operations are managed by the Registrar, under the control of the RAK Investment Authority (RAKIA), and the independent and dedicated RAK Financial Services Authority (RAKFSA), as well as the Central Bank of the United Arab Emirates. In delivering its functions and in considering applications by organisations and individuals wishing to establish businesses within or through RAK Offshore, the Registrar and RAKFSA aim to adopt a firm but flexible regulatory approach.
It is of paramount concern to the government that Ras Al Khaimah’s reputation is not tainted by the use of the jurisdiction for money laundering or other illegal purposes.
CBBC is, as a licensed Registered Agent is expected, in accordance with a set of strict guidelines, to carry out proper due diligence and ‘know your customer’ checks so that we are satisfied as to the identity of the clients and the legitimate origin of the clients’ funds. Although total confidentiality is ensured by the legislation, the authorities will cooperate with law enforcement agencies and regulators in case of illegality.