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Register an Offshore Company in Ras Al-Khaimah (RAK)

rak offshore

Register Offshore Company in RAK

Ras Al-Khaimah (RAK), one of the seven United Arab Emirates is located about 100 km from Dubai and is one of the fastest growing free trade zones in the area. A major interest has gone towards the financial and investment sector in Ras al-Khaimah, due the fact that it has taxes for international companies, free zone or mainland companies, or individuals. The Ras Al-Khaimah International Company (RAK-IC) was launched in 2006 and since that has made a global interested as a tax effective and extensive corporate solution. If your business relates to international trading, ownership of intellectual property or real estate, asset protection or if it is a global holding company then to register an offshore company in RAK would be the ideal choice, if your business does not anticipate to run any onshore operations within the UAE.

Who and for what should register offshore company in RAK:

  • Entrepreneur,
  • Consultants,
  • International trade,
  • Commerce on the Internet,
  • Stockbrokers,
  • For inheritance purposes,
  • Intellectual property holding rights.

How to proceed? Provision of the following documents for incorporation of a RAK offshore company:

  • An application form completed and signed company.
  • A copy of valid passport for each party to the transaction.
  • A personal bill less than three months.
  • Payment of our fees.

Note: additional documents may be requested depending on the chosen offshore bank.

Set-up time: From the moment we have received all required documents:

  • Creation of RAK offshore company: 1-2 weeks. Approximately 15 days for delivery of original company documents.
  • Corporate Bank Account: offshore bank account opening in about three weeks.

 Advantages of a RAK Offshore Company formation:

  • Zero corporate Tax – 0%.
  • No corporate, personal, sales or withholding taxes applied in the UAE.
  • Absolute Confidentiality.
  • 100% foreign ownership.
  • A double tax treaty network.
  • No annual reporting requirements.
  • No Accounting.
  • No restrictions on repatriation of profits and capital.
  • Absence of Exchange controls.
  • Flexibility to act as the global holding company for all international activities.

Disadvantages of a RAK Offshore Company:

  • Because of lack of public registers, ownership can be difficult to prove.

Key figures of RAK Offshore Company:

General :
Type of Company

International Company

Type of law

Federal / Sharia

Political Stability

Excellent

Disclosure of Beneficial Owner

No

Migration of Domicile Permitted

No

Corporate Taxation

Nil

Language of Name

English or Arabic

Corporate Requirements :
Minimum Number of Shareholders

1

Minimum Number of Directors

1

Corporate Directors Permitted

Yes

Minimum Usual Authorised Capital

Dhs 1,000

Fully Paid

No

Local Requirements :
Local Partner (UAE National or Company owned by UAE National)

No

Registered Office / Agent

Yes

Local Directors

No

Local Meeting

No

Government Register of Directors

Yes

Government Register of Shareholders

Yes

Local Auditor

No

Annual Requirements :
Annual Return

No

Submit Accounts

No

Recurring Government Costs :
Minimum Annual Tax / Licence Fee

AED 2,000

Annual Return Filing Fee

AED 1,500

Contact us to receive a consultation about RAK Offshore Company!

See also:

Benefits of other offshore jurisdictions,

Bank account opening for offshore company,

Other offshore services,

Business Case studies with offshore structure.

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