RAK International Corporate Centre (RAK ICC) is a Corporate Registry that operates in Ras Al Khaimah, in UAE. The corporate looks over the registration of International Business Companies. It also provides registry services that are associated with International Business Company activity. With the most effective framework, RAK International Corporate Centre provide international standard services in order to maintain the International Business Company formation industry.
Benefits of RAK ICC Company Formation
There are many benefits that can be obtained from the formation of RAK ICC Company.
- The RAK ICC provides a stable and well-reputed administration which meets the required international standards. There are various benefits provided by the RAK ICC in terms of tax incentives.
- A business can be completely owned by foreign personnel without the help of local sponsors. Owners are also allowed to take part in international business as they please.
- The process of registration is both efficient in terms of time and costs. The process of opening a corporate bank account is also made easy with the help of RAK ICC.
Through RAK International Corporate Centre, a well maintained tax and safety environment has been provided for international business to take place. The factors which make RAK ICC such an appealing legal entity include:
- regulations regarding currency control
- costs for company operations
- Requirements of administration.
These factors further cover the benefits of RAK business setup in UAE.
- The tax benefits include 0% tax on the corporate income.
- There is no tax to be paid on dividends which in turn means there will be no withholding tax.
- No charges will be applied on import or export of goods in the UAE.
In addition, the company formed with following the RAK ICC framework does not need to file its financial results or keep regular audit checks. Owners can only be held accountable for their own mistakes. These factors provide relaxed regulations that are easy to follow, especially for new business owners.
Other RAK ICC features
- Other features include the permission to open bank accounts in UAE.
- Due to the well-maintained reputation of RAK ICC Company, bank account can be opened abroad without any legal problems.
- Certificate for tax exemption is another benefit which can obtained by the company. This document acts as a proof for the tax free status of the company.
- Another benefit is that the information stored by RAK ICC for Offshore Companies is not available for viewing by third parties, which provides confidentiality of information.
A company formed in another country is allowed to be relocated to the UAE after the registration as an offshore company, with RAK ICC. This way the RAK business setup in UAE owner does not need to go through the process of shutting down one business located abroad and opening one in UAE.
We offer the best services
Creating and developing a business setup in Dubai from scratch can be quite difficult. There are many more factors of the business setup in Dubai that can be difficult to identify for an untrained eye. Therefore, it is the duty of professional business consultants Dubai to provide step by step guidance for the new business owners when setting up the business.
KWS Middle East are business consultants Dubai who started in 2010. The aim of the company is to provide efficient and inexpensive assistance to new business owners in setting up their business. The consultancy provides help in obtaining visa and registrations. They also help in opening up bank accounts for their clients.
We provide all types of support. Just contact us and we will be prompt.