Offshore Companies
Choose the jurisdiction which best suits your needs
UAE, RAK
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
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
UAE, RAK
Standard
Package
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.
Business
Package
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.
Premium
Package
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!
