UAE is famous for its remarkable business friendly atmosphere and offshore banking . RAK Offshore companies (RAKICC) are one of the oldest offshore company jurisdiction in UAE to meets the offshore banking and acts as an investment vehicle for entrepreneur’s investments .
Recently all the investors of RAKICC and RAKEZ have a glad news that both companies can own properties in Dubai . Dubai Land Department Dubai Land Department (DLD) signed memorandums of understanding (MoU) with Ras Al Khaimah International Corporate Centre (RAKICC) and with Ras Al Khaimah Economic Zone (RAKEZ) for the registration of land and freehold properties on behalf of free zone companies..
On a recent move, Sheikh Mohammed Bin Humaid Al Qasimi, Managing Director of both RAKICC and RAKEZ, and Sultan Butti Bin Mejren, Director General of Dubai Land Department (DLD) has signed the Memorandums of Understanding to facilitate Free Zone Companies and Offshore Companies to hold Dubai land and freehold properties.
Advantages on RAKICC Companies (RAK offshore Company) by signed MOU with Dubai Land Department
- RAKICC /RAK offshore Companies are allowed to own freehold properties in Dubai
- RAKICC Companies are cost efficient; set up and annual maintenance cost are very competitive compare to other offshore jurisdiction.
- Dubai Land Department is legally permitted to hold Dubai Properties through RAK offshore company
- Domiciliation of Companies from other UAE Offshore jurisdiction to RAKICC is permissible subject to providing certificate of discontinuation from the existing offshore registry.
- RAKICC companies are more cheaper and hassle free compare to other offshore company jurisdiction in the world
- A Company may be incorporated as a segregated portfolio Company.
- Hassle free share transfer process is following in RAK offshore company
- Hassle free NOC process and procedures for buying property in Dubai
We NEX CONSULTANTS can guide you how to open company in RAK Offshore/ RAKEZ and assist you getting NOC for land department for buying properties , property transaction advisory and maintenance and renewal of offshore and freezone company . Our consultants can provide A-Z solution from setting up the company in RAK Offshore to transferring the property under the company name without any hassles .