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Home > Jurisdictions > Ras al-Khaimah

Ras al-Khaimah (RAK) offshore company


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Ras al-Khaimah is one of the seven emirates of the United Arab Emirates and can be found about 100 Kilometers north-east from Dubai in the southern part of the Persian Gulf.
Formerly known for building of ships and commercial activities in the maritime sector it is now better known for its industrial sector.
Ras al-Khaimah is the largest producer of cement in the UAE and the world’s largest producer in ceramics. A lot of interest has gone towards the financial and investment sector in Ras al-Khaimah due to new legislation and regulations adopted by the authorities; this in turn has led to interesting business and investment opportunities for individuals and companies worldwide.
An International business company in Ras al-Khaimah can conduct business internationally, own real estate in the UAE, be used as a trading vehicle, maintain bank accounts, and much more. Company registration in RAK takes about 48 hours to be completed.

 

Ras Al Khaimah Company, ideal for:

coche
 Businessmen coche Holding intellectual property rights
coche Commerce over the Internet coche For the custody of movable and immovable property
coche Consultants / Counsellors coche For inheritance purposes
coche International business coche Stockbroker / forex

 

 

RAK company main characteristics:

Company type
 International Business Company (IBC)
Governing corporate legislation The RAK Investment Authority is the governing authority and companies are regulated under the RAK Offshore Regulations 2006
Information published relating to company officers There is no public register of company officers. No name should be disclosed to register a company.
Confidentiality RAK offers complete anonymity and privacy as well as protection of any other information or assets
Accounting requirement
 No accounting / reporting requirements
Taxation
 No corporate taxes of any sort
Legislation
 Modern offshore legislation
Ownership
 100% foreign ownership is allowed, no requirement to have a local partner
Communication
 Efficient communication means
Time zone
 Convenient world time zone : GMT+4
Paid up capital requirement
 No paid up capital requirement
Basis of legal System
 U.A.E law
Minimum shareholders / directors
 Minimum of 1 Director / Shareholder
Bearer shares
 Bearer Shares are not permitted
Fees
  € 2900 .- to incorporate and  € 2000 .- per year. Detailed Fees

Bank account for a RAK business