Company Formation
Basic Package
- Company Incorporation
- FullSet Of Corporate Documents
- 1st Year Government Fees
- 1st Year Company Domiciliation
- Dedicated Account Manager for 1 year
- Courier Delivery
Bank Account Package
- Company Incorporation
- FullSet Of Corporate Documents
- 1st Year Government Fees
- 1st Year Company Domiciliation
- Dedicated Account Manager for 1 year
- Courier Delivery
- Notarized Set Of Corporate Documents
- Bank Account Opening
Privacy Package
- Company Incorporation
- FullSet Of Corporate Documents
- 1st Year Government Fees
- 1st Year Company Domiciliation
- Dedicated Account Manager for 1 year
- Courier Delivery
- Notarized Set Of Corporate Documents
- Nominee Director
- Nominee Shareholder
- Notarized Power of Attorney
Ras Al Khaimah Offshore Company – Overview
| Statutory description of private limited company | International Business Company (IBC). |
| Political stability | Excellent |
| Disclosure of Beneficial Owner | No |
| Migration of Domicile Permitted | No |
| Corporate Taxation | Nil |
| Language of name | English or Arabic |
| Time to Incorporate | 1-2 weeks |
| Minimum number of shareholders/members | One |
| Minimum number of directors/managers | One |
| Corporate directors/managers permitted | Yes |
| Usual authorized capital | Dhs 1,000 (minimum) |
| Minimum paid up | Fully paid |
| Registered Office/Agent | Yes |
| Local partner | (UAE National or Company owned by UAE National) No |
| Local directors | No |
| Local meetings | No |
| Government Register of directors/managers | Yes |
| Government Register of shareholders/members | Yes |
| Annual Return | Yes |
| Submit accounts | Yes |
| Minimum Annual Tax/License Fee | AED 2,000 |
| Annual Return filling fee | AED 1,500 |
Ras Al Khaimah (RAK) emirate is one of the seven emirates forming the UAE federation. Ras Al Khaimah, located 85 km distance from Dubai and 45km from Sharjah, is fast becoming the investment destination by choice of investors from across the globe. It has already developed into a world-class business hub with state-of-the-art infrastructure and hi-tech facilities for industrial growth and development in less than ten years of its inception, being able to offer customized support services to its investors. Ras Al Khaiman is the most cost-effective free zones in the UAE region and most importantly, it offers an absolutely trouble-free, customer-friendly environment, which is very important for the success of any enterprise. There are more than 4,500 companies registered that originate from 106 countries worldwide: Middle East, Europe or North America&Asia.
The International Business Company concept was launched in January 2007 by RAK Investment Authority (RAKIA). According with the laws all offshore companies established in UAE are required to have a registered agent and a registered office.
Some of the most important benefits of a offshore company formation in RAK are: the offshore company will be exempt from all corporate and income taxes, there are no foreign currency restrictions; full repatriation of offshore companies profits and capital is allowed; the setting-up cost are less that of an onshore company; only minimum capital is required to set-up an offshore company; the offshore company can own interest in real estate in UAE and can act as a Holding; strong appreciating and fully convertible currency, low inflation and easy funding from International Banks. Regarding the benefits, we have: 100% ownership in free zones, no trade barriers or quotas, easy licensing procedures, simple import and export policies, liberal labor laws and no restrictions on hiring expatriates.
There are also other jurisdictions in UAE: Dubai Airport Free Zone Authority (DAFZA), Jebel Ali Free Zone Authority(JAFZA- Dubai, RAK FTZ Promotion & Innovation Centre in Abu Dhabi Mall (Abu Dhabi), Sharjah Airport Free zone(SAIF), Hamriyan, Ajman Free zone, Fujairah FZ. In present UAE has Double Taxation Avoidance Agreements (DTAA) with several countries, more than 40.