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RAK Offshore Company

RAK Offshore has been established by the Ras Al Khaimah Investment Authority (RAKIA), the government body responsible for the socioeconomic growth of the Emirate, to address the region's growing demand for offshore markets, while at the same time to boost the emirate's ongoing economic diversification program. Within just 14 months of operation as an alternate offshore location in the Middle East, RAK Offshore has expanded its client portfolio to over 1,900 International Business Companies (IBCs) providing specialized services such as asset protection schemes and real estate holding.

Real estate and property investments are among the principal businesses of several international firms registered with RAK Offshore. Ras Al Khaimah, has also created a splendid mix of infrastructure projects and new policies to provide the best environment for the off shore incorporation of companies.

A key feature of RAK Offshore is that it offers complete privacy and confidentiality; owners of IBCs are kept confidential under law, ensuring a highly conducive business environment for both individual and corporate investors. RAK Offshore's portfolio of services includes a wide range of financial and non-financial services. Under its non-financial portfolio, RAK Offshore facilitates the establishment of IBCs whose activities include international trading, asset protection, tax planning and real estate holding.

RAK Offshore also supports a wide selection of outsourcing companies, and offers several marine-related services, including an open registration facility for vessels and yachts from anywhere in the world. Under its financial services portfolio, which has been forwarded to the authorities for approval, and is currently under review as per guidelines of the UAE federal authorities, RAK Offshore will provide in the future, a regulatory framework to establish a diverse range of funds, including Sharia-compliant investment products. RAK Offshore will also facilitate the establishment of different kinds of offshore trusts, which may be used to hold offshore companies or other assets under the RAK Offshore Special Corporate Trust Regulations.
 

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