Reasons to Establish an RAKICC Company in the UAE
Having a RAKICC company in UAE is an excellent way to avoid double taxation. Moreover, RAKICC is a member of the UAE double tax treaty network, which means that it does not make any details of shareholders public. It maintains closed book accounts that can only be accessed by a registered agent and a government authority. All the information you provide will remain in a closed registrar, keeping your information private.
It has tax treaties with the UAE
The benefits of establishing a RAK offshore company are numerous. First of all, it has tax treaties with the UAE. Furthermore, it can be a shareholder in a free zone company without incurring legalization charges.
There is no public registry of company members and directors in the UAE
Another benefit is that there is no public registry of company members and directors in the UAE. This ensures that no one can find out about the identity of a company’s directors and members. Additionally, the strict client confidentiality rules make it possible to establish a RAK offshore company without fear of losing any information.
It does not have to pay any minimum capital
Another advantage of establishing a RAK ICC company in the UAE is that it does not have to pay any minimum capital. It also does not require any office space. Setting up a RAK ICC company in the UAE can be very affordable and hassle-free, and there are no additional costs associated with it. In addition, businesses can benefit from the UAE’s largest tax treaty network, allowing them to enjoy tax relief from taxes in other countries.
You have the opportunity to transfer your corporate domicile to another one
RAK ICC companies have several benefits, including an opportunity to transfer your corporate domicile to another one. This feature is unique in the UAE because most free zones do not allow this, and if you wish to switch to another one, you will need to liquidate your previous entity. For this reason, many companies prefer registering their businesses in the RAK ICC. In addition, RAK ICC companies have minimal documentation requirements, enabling you to set up a company in a day. These are some great reasons to invest in RAKICC in the UAE.