These companies are extremely flexible international instruments that can serve many objectives: trading operations, asset protection, tax planning, real estate holding, trusts, funds etc.
They require a symbolic capital and only one director and shareholder. They can hold board meetings anywhere on the planet and the identity of their shareholders are kept confidential by law, unless there is suspicion of criminal activity by the RAK and UAE regulatory bodies.
The cost of creation of such IBCs and the yearly renewal fee are minimal. International Business Companies registered in RAK OFFSHORE can bear the status of Ltd (Limited).