{"id":3014,"date":"2026-06-03T11:08:36","date_gmt":"2026-06-03T11:08:36","guid":{"rendered":"https:\/\/e-startup.ae\/blogs\/?p=3014"},"modified":"2026-06-03T11:08:36","modified_gmt":"2026-06-03T11:08:36","slug":"setting-up-an-offshore-company-in-rakez","status":"publish","type":"post","link":"https:\/\/e-startup.ae\/blogs\/setting-up-an-offshore-company-in-rakez\/","title":{"rendered":"Ultimate Guide to Setting Up an Offshore Company in RAKEZ"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/e-startup.ae\/blogs\/setting-up-an-offshore-company-in-rakez\/#Introduction\" >Introduction<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/e-startup.ae\/blogs\/setting-up-an-offshore-company-in-rakez\/#What_is_a_RAKEZ_Offshore_Company\" >What is a RAKEZ Offshore Company?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/e-startup.ae\/blogs\/setting-up-an-offshore-company-in-rakez\/#Benefits_of_Setting_Up_an_Offshore_Company_in_RAKEZ\" >Benefits of Setting Up an Offshore Company in RAKEZ<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/e-startup.ae\/blogs\/setting-up-an-offshore-company-in-rakez\/#1_Tax_Efficiency\" >1. Tax Efficiency<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/e-startup.ae\/blogs\/setting-up-an-offshore-company-in-rakez\/#2_100_Foreign_Ownership\" >2. 100% Foreign Ownership<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/e-startup.ae\/blogs\/setting-up-an-offshore-company-in-rakez\/#3_Asset_Protection\" >3. Asset Protection<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/e-startup.ae\/blogs\/setting-up-an-offshore-company-in-rakez\/#4_Confidentiality\" >4. Confidentiality<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/e-startup.ae\/blogs\/setting-up-an-offshore-company-in-rakez\/#5_Easy_Company_Management\" >5. Easy Company Management<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/e-startup.ae\/blogs\/setting-up-an-offshore-company-in-rakez\/#6_International_Banking_Opportunities\" >6. International Banking Opportunities<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/e-startup.ae\/blogs\/setting-up-an-offshore-company-in-rakez\/#Activities_Permitted_for_RAKEZ_Offshore_Companies\" >Activities Permitted for RAKEZ Offshore Companies<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/e-startup.ae\/blogs\/setting-up-an-offshore-company-in-rakez\/#Requirements_for_RAKEZ_Offshore_Company_Formation\" >Requirements for RAKEZ Offshore Company Formation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/e-startup.ae\/blogs\/setting-up-an-offshore-company-in-rakez\/#Procedure_for_Establishing_an_Offshore_Company_at_RAKEZ\" >Procedure for Establishing an Offshore Company at RAKEZ<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/e-startup.ae\/blogs\/setting-up-an-offshore-company-in-rakez\/#Step_1_Think_of_a_Unique_Offshore_Company_Name\" >Step 1: Think of a Unique Offshore Company Name<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/e-startup.ae\/blogs\/setting-up-an-offshore-company-in-rakez\/#Step_2_List_Your_Offshore_Companys_Business_Activities\" >Step 2: List Your Offshore Company&#8217;s Business Activities<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/e-startup.ae\/blogs\/setting-up-an-offshore-company-in-rakez\/#Step_3_Collect_All_Required_Information\" >Step 3: Collect All Required Information<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/e-startup.ae\/blogs\/setting-up-an-offshore-company-in-rakez\/#Step_4_Fill_Your_Application_Form\" >Step 4: Fill Your Application Form<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/e-startup.ae\/blogs\/setting-up-an-offshore-company-in-rakez\/#Step_5_Process_Your_Application_Form\" >Step 5: Process Your Application Form<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/e-startup.ae\/blogs\/setting-up-an-offshore-company-in-rakez\/#Step_6_Collect_the_Documents_of_Incorporation\" >Step 6: Collect the Documents of Incorporation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/e-startup.ae\/blogs\/setting-up-an-offshore-company-in-rakez\/#Step_7_Get_Your_Corporate_Bank_Account_Set_Up\" >Step 7: Get Your Corporate Bank Account Set Up<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/e-startup.ae\/blogs\/setting-up-an-offshore-company-in-rakez\/#Cost_of_Setting_Up_an_Offshore_Company_in_RAKEZ\" >Cost of Setting Up an Offshore Company in RAKEZ<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/e-startup.ae\/blogs\/setting-up-an-offshore-company-in-rakez\/#Can_a_RAKEZ_Offshore_Company_Own_Property\" >Can a RAKEZ Offshore Company Own Property?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/e-startup.ae\/blogs\/setting-up-an-offshore-company-in-rakez\/#Offshore_Company_vs_Free_Zone_Company\" >Offshore Company vs Free Zone Company<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/e-startup.ae\/blogs\/setting-up-an-offshore-company-in-rakez\/#Are_You_the_Right_Candidate_for_Setting_up_a_RAKEZ_Offshore_Company\" >Are You the Right Candidate for Setting up a RAKEZ Offshore Company?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/e-startup.ae\/blogs\/setting-up-an-offshore-company-in-rakez\/#Conclusion\" >Conclusion<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/e-startup.ae\/blogs\/setting-up-an-offshore-company-in-rakez\/#FAQs\" >FAQs<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-26\" href=\"https:\/\/e-startup.ae\/blogs\/setting-up-an-offshore-company-in-rakez\/#1_What_Is_a_RAKEZ_Offshore_Company\" >1. What Is a RAKEZ Offshore Company?<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-27\" href=\"https:\/\/e-startup.ae\/blogs\/setting-up-an-offshore-company-in-rakez\/#2_Can_a_Non-UAE_National_Own_100_Of_the_Offshore_Company\" >2. Can a Non-UAE National Own 100% Of the Offshore Company?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-28\" href=\"https:\/\/e-startup.ae\/blogs\/setting-up-an-offshore-company-in-rakez\/#3_How_much_time_will_it_take_for_the_incorporation_of_a_RAKEZ_Offshore_Company\" >3. How much time will it take for the incorporation of a RAKEZ Offshore Company?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-29\" href=\"https:\/\/e-startup.ae\/blogs\/setting-up-an-offshore-company-in-rakez\/#4_Is_it_possible_for_a_RAKEZ_Offshore_Company_to_conduct_its_activities_inside_the_UAE\" >4. Is it possible for a RAKEZ Offshore Company to conduct its activities inside the UAE?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-30\" href=\"https:\/\/e-startup.ae\/blogs\/setting-up-an-offshore-company-in-rakez\/#5_Does_RAKEZ_Offshore_Company_make_entrepreneurs_eligible_for_a_UAE_Residence_Visa\" >5. Does RAKEZ Offshore Company make entrepreneurs eligible for a UAE Residence Visa?<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Introduction\"><\/span><b>Introduction<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Over the years, the UAE has emerged as one of the most favorite places for initiating a new venture and expanding an existing one. The UAE has some of the best <strong><a class=\"underline underline underline-offset-2 decoration-1 decoration-current\/40 hover:decoration-current focus:decoration-current\" href=\"https:\/\/e-startup.ae\/blogs\/choosing-right-jurisdiction-uae-business-setup\/\">business locations<\/a>s<\/strong> that cater to various business requirements. These include the Ras Al Khaimah Economic Zone (RAKEZ), which is favored by many businessmen, startups, and even international investors due to the ease of establishment and operational convenience of an offshore business in RAKEZ.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">An <strong><a href=\"https:\/\/e-startup.ae\/offshore-company.php\">offshore company<\/a><\/strong> in RAKEZ has several advantages, such as asset protection, business flexibility internationally, effective tax policies, and easier management. This article discusses all that you need to know regarding incorporation of an offshore company in RAKEZ.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_is_a_RAKEZ_Offshore_Company\"><\/span><b>What is a RAKEZ Offshore Company?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">An offshore company can be defined as an incorporated business entity that has been officially established in the Ras Al Khaimah Economic Zone.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It is intended mainly to engage in business transactions overseas. Offshore businesses cannot transact business within the domestic territory of the UAE. They are normally engaged in trading, investment, asset management, and intellectual property management.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Benefits_of_Setting_Up_an_Offshore_Company_in_RAKEZ\"><\/span><b>Benefits of Setting Up an Offshore Company in RAKEZ<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"1_Tax_Efficiency\"><\/span><b>1. Tax Efficiency<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Being located in the UAE, which offers an attractive tax regime for business, RAKEZ offshore companies are a favorable choice for business people optimizing their global business activities.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_100_Foreign_Ownership\"><\/span><b>2. 100% Foreign Ownership<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Foreigners can wholly own their RAKEZ offshore company without the need for a local sponsor\/partner.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_Asset_Protection\"><\/span><b>3. Asset Protection<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">An offshore company can be used to hold intellectual property rights, investments, and other business ventures abroad.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"4_Confidentiality\"><\/span><b>4. Confidentiality<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">High confidentiality of company registration and operations is ensured by RAKEZ.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"5_Easy_Company_Management\"><\/span><b>5. Easy Company Management<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">It is easy to manage RAKEZ offshore company due to simple registration procedures and low reporting requirements.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"6_International_Banking_Opportunities\"><\/span><b>6. International Banking Opportunities<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">It is common practice among RAKEZ offshore companies to open international bank accounts.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Activities_Permitted_for_RAKEZ_Offshore_Companies\"><\/span><b>Activities Permitted for RAKEZ Offshore Companies<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">RAKEZ offshore companies can conduct themselves in:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Conducting international transactions<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Holding investments or shares<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Ownership of properties (as applicable)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Providing consultation and professional services outside of UAE<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Intellectual property ownership<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Asset management<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Requirements_for_RAKEZ_Offshore_Company_Formation\"><\/span><b>Requirements for RAKEZ Offshore Company Formation<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The basic requirements for forming a RAKEZ offshore company include:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Copy of passports of the shareholders and directors<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Documents for proof of residence<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Bank recommendation letter (as needed)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Description of activities<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Information about shareholders and directors<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Properly filled-up forms<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Corporate shareholders may have to submit extra documents from their companies.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Procedure_for_Establishing_an_Offshore_Company_at_RAKEZ\"><\/span><b>Procedure for Establishing an Offshore Company at RAKEZ<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Step_1_Think_of_a_Unique_Offshore_Company_Name\"><\/span><b>Step 1: Think of a Unique Offshore Company Name<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">The name of your offshore company must be unique and should comply with the requirements for naming by <strong><a href=\"https:\/\/www.rak.ae\/wps\/portal\/rak\/home\" target=\"_blank\" rel=\"noopener\">RAKEZ.<\/a><\/strong><\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Step_2_List_Your_Offshore_Companys_Business_Activities\"><\/span><b>Step 2: List Your Offshore Company&#8217;s Business Activities<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">There should be some business activities your offshore company wants to carry out. It will make sense in terms of filling out the application forms as there is a reason for setting up the offshore company.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Step_3_Collect_All_Required_Information\"><\/span><b>Step 3: Collect All Required Information<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Collect all required information which includes a copy of your passport, proof of address, and relevant information about your shareholders\/directors.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Step_4_Fill_Your_Application_Form\"><\/span><b>Step 4: Fill Your Application Form<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Submit your application form to RAKEZ once you have got everything sorted.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Step_5_Process_Your_Application_Form\"><\/span><b>Step 5: Process Your Application Form<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Your application form will now be processed and verified.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Step_6_Collect_the_Documents_of_Incorporation\"><\/span><b>Step 6: Collect the Documents of Incorporation<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">After verification, the company incorporation certificate will be issued to you.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Step_7_Get_Your_Corporate_Bank_Account_Set_Up\"><\/span><b>Step 7: Get Your Corporate Bank Account Set Up<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">A bank account needs to be set up for your offshore company.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Cost_of_Setting_Up_an_Offshore_Company_in_RAKEZ\"><\/span><b>Cost of Setting Up an Offshore Company in RAKEZ<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Cost involved in offshore company incorporation:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Registeration fees<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Fees charged by service providers<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Banking facilities<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Legal documentation charges<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Annual renewal costs<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Buisnesses need to quote themselves with current prices from legitimate service providers.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Can_a_RAKEZ_Offshore_Company_Own_Property\"><\/span><b>Can a RAKEZ Offshore Company Own Property?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Yes, RAKEZ Offshore Buisness can possibly own properties under certain areas depending on the laws in UAE for property ownership.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Offshore_Company_vs_Free_Zone_Company\"><\/span><b>Offshore Company vs Free Zone Company<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<tbody>\n<tr>\n<td><b>Feature<\/b><\/td>\n<td><b>RAKEZ Offshore Company<\/b><\/td>\n<td><b>RAKEZ Free Zone Company<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">UAE Business Operations<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Limited<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Allowed<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Office Requirement<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Not Required<\/span><\/td>\n<td><span style=\"font-weight: 400;\">May Be Required<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Visa Eligibility<\/span><\/td>\n<td><span style=\"font-weight: 400;\">No<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Yes<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">International Trading<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Yes<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Yes<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Physical Presence<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Not Required<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Optional\/Required<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Are_You_the_Right_Candidate_for_Setting_up_a_RAKEZ_Offshore_Company\"><\/span><b>Are You the Right Candidate for Setting up a RAKEZ Offshore Company?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Setting up a RAKEZ offshore company might be right for you if you are:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">An International Businessman or Investor\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">In need of a Holding Company Structure\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Looking for Asset Protection\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Desiring Tax Efficient Business Management\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Investing in Global Markets<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Businesses that intend to engage in transactions directly inside the UAE or require residence visas inside the country should rather choose the <strong><a href=\"https:\/\/e-startup.ae\/blogs\/benefits-of-free-zone-vs-offshore-companies\/\">free zone or mainland companies.<\/a><\/strong><\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><b>Conclusion<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">One of the popular offshore jurisdictions for international businessmen in the United Arab Emirates is RAKEZ. With its quick setup procedures and business advantages, it can be a great destination for handling worldwide business. You should consult professional counsel prior to making any final decision.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"FAQs\"><\/span><b>FAQs<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<h3><span class=\"ez-toc-section\" id=\"1_What_Is_a_RAKEZ_Offshore_Company\"><\/span><b>1. What Is a RAKEZ Offshore Company?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">An offshore company in RAKEZ refers to a company registered in the Ras Al Khaimah Economic Zone which is structured for carrying out offshore businesses overseas. These include international trading, investment, asset protection, and international business operations among others.<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"2_Can_a_Non-UAE_National_Own_100_Of_the_Offshore_Company\"><\/span><b>2. Can a Non-UAE National Own 100% Of the Offshore Company?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Yes, a non-UAE national can own 100 percent of a RAKEZ Offshore Company. There is no need for the business to have a local sponsor or partner from the UAE.<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"3_How_much_time_will_it_take_for_the_incorporation_of_a_RAKEZ_Offshore_Company\"><\/span><b>3. How much time will it take for the incorporation of a RAKEZ Offshore Company?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">The process of incorporation usually takes a couple of working days up to several weeks.<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"4_Is_it_possible_for_a_RAKEZ_Offshore_Company_to_conduct_its_activities_inside_the_UAE\"><\/span><b>4. Is it possible for a RAKEZ Offshore Company to conduct its activities inside the UAE?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">No, it is forbidden to do business within the UAE borders through RAKEZ Offshore Companies.<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"5_Does_RAKEZ_Offshore_Company_make_entrepreneurs_eligible_for_a_UAE_Residence_Visa\"><\/span><b>5. Does RAKEZ Offshore Company make entrepreneurs eligible for a UAE Residence Visa?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">There is no possibility to receive a UAE residence visa by means of RAKEZ offshore company.<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Introduction Over the years, the UAE has emerged as one &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Ultimate Guide to Setting Up an Offshore Company in RAKEZ\" class=\"read-more button\" href=\"https:\/\/e-startup.ae\/blogs\/setting-up-an-offshore-company-in-rakez\/#more-3014\" aria-label=\"Read more about Ultimate Guide to Setting Up an Offshore Company in RAKEZ\">Read more<\/a><\/p>\n","protected":false},"author":2,"featured_media":3015,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[317,314,255,316,315],"class_list":["post-3014","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-offshore-company-formation-uae","tag-offshore-company-in-rakez","tag-rakez-business-setup","tag-rakez-offshore-company-formation","tag-rakez-offshore-company-setup","resize-featured-image"],"_links":{"self":[{"href":"https:\/\/e-startup.ae\/blogs\/wp-json\/wp\/v2\/posts\/3014","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-startup.ae\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-startup.ae\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-startup.ae\/blogs\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/e-startup.ae\/blogs\/wp-json\/wp\/v2\/comments?post=3014"}],"version-history":[{"count":1,"href":"https:\/\/e-startup.ae\/blogs\/wp-json\/wp\/v2\/posts\/3014\/revisions"}],"predecessor-version":[{"id":3016,"href":"https:\/\/e-startup.ae\/blogs\/wp-json\/wp\/v2\/posts\/3014\/revisions\/3016"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-startup.ae\/blogs\/wp-json\/wp\/v2\/media\/3015"}],"wp:attachment":[{"href":"https:\/\/e-startup.ae\/blogs\/wp-json\/wp\/v2\/media?parent=3014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-startup.ae\/blogs\/wp-json\/wp\/v2\/categories?post=3014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-startup.ae\/blogs\/wp-json\/wp\/v2\/tags?post=3014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}