Offshore Companies

Choose the jurisdiction which best suits your needs


United Arab Emirates (UAE)
Ras Al Khaimah (RAK)
International Company (IC)

General Info

Procedures to incorporate

RAK Free Zone
The Ras Al Khaimah International Airport was opened in 1976 and is 18km south of the city center. Since incorporation less than 4 years ago, Ras Al Khaimah Free Trade Zone Authority has licensed more than 410 companies from 33 different countries, and this figure is rapidly increasing.

As the youngest of all of the Free Zones in the UAE, Ras Al Khaimah Free Trade Zone has built its international reputation and infrastructure only after careful research, planning and development, resulting in the introduction of a unique, ambitious 3 Park concept that did not exist previously in the UAE or even within the region, and the provision of premier business facilities for RAK FTZ investors within other Emirates.

As more and more Free Zones appear in the UAE and throughout the region, Ras Al Khaimah Free Trade Zone will continue with its policy of sourcing and attracting environmentally friendly, quality investors in the Service, Manufacturing and Industrial sectors, with high emphasis placed on attracting investors from the Technology industry. RAK FTZ investors can expect an easy and rapid licensing procedure every step of the way, and every investor is sure of an ongoing, unrivalled marketing support service.

All the three Parks are undergoing major expansion on a regular basis. The next few years will bring targeted expansion and development within RAK FTZ, supporting individual investor needs within each of the three Parks. The further development of superior business facilities in other Emirates will be done. It will ensure that RAK FTZ investors are presented with a total marketing solution and everything they will ever need to succeed in business with Ras Al Khaimah Free Trade Zone.

Offshore Incorporation

General Information: Ras Al Khaimah is part of the United Arab Emirates, a constitutional federation of seven emirates located along the southeastern tip of the Arabian Peninsula. Qatar lies to the west, Saudi Arabia to the south and west and Oman to the north and east. The Federation was formally established in 1971.
Population: RAK is one of the Emirates of the seven independent emirates, the current population is approximately 250,000 but this is expected to raise to 400,000 by 2017. Over 50% of the population are expatriates.
Time Zone: The UAE is 4 hours ahead of GMT (+4 GMT).
Language: Arabic, Persian, Hindi, and Urdu. English is widely spoken.
Currency: The Dirham (AED) current rate is 3,67 Dirhams = US$1.
Political Structure: Prior to 1971 each of the seven members emirates of the UAE (Abu Dhabi, Ajman, Dubai, Fujairah, Ras Al Khaimah, Sharjah and Umm Al Quwain), previously known as the Trucial States, had its own existing institutions of government. The Rulers agreed to draw up a provisional Constitution (“the Constitution”) which provided for the establishment of the Supreme Council of the Rulers of all the Emirates as the foremost authority in the Federation and a Council of Ministers as the Executive Branch of the Federation. Federal Ministries of Foreign Affairs, Defense, Justice, Public Health, Communications, Information Interior, Finance and Industry, Economy and commerce, Education, Public Works, Agriculture, Labour and Social Affairs and Planning were established. As a Muslim country, one of the fundamental principles in the Constitution provides that Islamic Law (Sharia) is the main source for the legislation in the UAE. The main aim of the UAE Government Strategy is to ensure sustainable development and a high quality of life for all UAE Nationals.
Infrastructure and Economy: The UAE is one of the wealthiest countries in the world with a GDP of US $103 billion (2004). Dubai’s economy grew by approximately 16% in 2005 and is acknowledged as one of the fastest growing economies in the world. The UAE has the third largest proven oil reserves, however RAK has broadened its economic activity to include an industrial platform, real estate, trade and manufacturing. In addition Tourism is increasing rapidly with approximately 10 million tourists expected in 2007. The emirate of Ras Al Khaimah is strategically located between Africa and the Middle East and between the Far East and Europe, making it a gateway to over 1.5 billion consumers located in countries surrounding the Red Sea and the Gulf. Its infrastructure is of the highest standards with access to more than 170 shipping lines and approximately 86 airlines connecting to over 100 cities worldwide. The strong shipping and transportation sector is composed of most of the leading regional and international freight forwarders, insurers and shipping agents.
Exchange Control: None.

Type of Law: Federal, except for Dubai and Ras Al Khaimah who maintain their own judicial systems. The Emirates had the constitutional right to opt to join the Federal judicial system or maintain their own independent system. The Federal UAE courts are divided into civil and criminal and are also generally divided to three stages of litigation namely:
Courts of First Instance, Courts of Appeal: Federal Supreme Court (colloquially referred to as Court of Cassation). In addition to the Civil Courts each of the seven Emirates maintains a system of Sharia Courts which are organised and supervised locally.
Principal Corporate Legislation: RAK Economic Zone Authority Companies Regulations of 2017.

Standard Corporate Structure

  • Company type: Offshore Company.
  • Governing corporate legislation: Ras Al Khaimah International Corporate Centre.
  • Information published relating to company officers: Company director names are not disclosed.
  • Confidentiality: Complete confidentiality.
  • Accounting requirement: Accounts and auditing are not required.
  • Taxation: No corporate or personal taxation.
  • Legislation: Ras Al Khaimah International Corporate Centre.
  • Time to form: 3 working days.
  • Foreigner ownership: 100%
  • Residence visa issuance: No residence visa.
  • Number of directors needed: A minimum of one director.

Key Benefits

+ No taxes

There are no taxes for you in the UAE. That means no income taxes, no corporate taxes, no withholding taxes, no social security taxes and no VAT. It will be like a breath of fresh air.

+ No reporting requirements and publishing of annual accounts

You do not have to spend time and effort dealing with a costly annual audit like in most other jurisdictions. Focus on your own business instead.

+ Strict confidentiality

As far as the legal entity is concerned. Shareholder, directors and secretaries cannot be seen in a public register. An extra layer of confidentiality can be found when corporate or nominee directors, secretaries or shareholders are being used.

+ Solid international banking system

In comparison to other offshore jurisdictions, the UAE provides you with a solid international banking system with accounts in multiple currencies and access to other financial services. In addition, there are banking options in jurisdictions abroad. You will have peace of mind when you know that your money is secure and within reach.

+ Remote Incorporation

No visit to the UAE in person is required to set up a RAK ICC company. If you wish to open a local bank account, a visit is required. However, since 2021 we also work with Electronic Money Institutions (EMIs), offering local banking solutions with remote account opening.

+ Strong asset protection

There is no requirement to pay up capital. It is very difficult to freeze a bank account in the UAE or file a lawsuit against a RAK Offshore company. This means that your assets are much safer here than in the vast majority of countries in the world.

+ High Degree of Credibility

And there is one little secret about the RAK Offshore company that makes it stand out from all other offshore jurisdictions – high degree of credibility.

Packages and Prices


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The cheapest option company formation, payment government fees, registered office, local registered agent, Client Due Diligence (CDD) full and free tax and legal assistance, and much more, to keep your entity fully compliant.

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A special package with all services as included on the Standard Package, plus our Bank Account opening services with a local bank based in UAE, providing account opening remotely, and offering you online banking, multi-currency account, debit cards and all other major banking services you may need.

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A package with all services as included on the Business Package plus full Nominee Services (Nominee Members and Managers) providing you the highest degree in terms of confidentiality and anonymity.

How can we help you?

Should you have any question, our Business Development Managers team will be ready to guide and assist you!