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RAK OFFSHORE COMPANY FORMATION

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UAE’s most dynamic free zone jurisdiction

22 November 2017

As the rapid success of the UAE continues, Ras Al Khaimah provides spectacular economics opportunities. Ras Al Khaimah is a place great to live with its high quality and affordable housing, shopping malls, and lots of family activities; it could offer a fabulous lifestyle matched only by an environment that is a great place to conduct business [...]

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VAT in the UAE

12 February 2017

As announced in February 2016 by the UAE Minister of State for Financial Affairs, His Excellency Obaid Humaid Al Tayer, the UAE will introduce a Value Added Tax (VAT) of 5% beginning January 1, 2018. The six other states that make up the Gulf Cooperation Council (GCC) region will also be implementing a VAT during this time and/or by January 1, 2019 at the latest [...]

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RAK INVESTMENT AUTHORITY (RAK OFFSHORE)

Ras Al Khaimah Investment Authority Company

Our commitment

  • Your RAK Offshore Company in 5 working days. *
  • A very competitive price, in complete transparency.
  • Complete confidentiality.
  • UAE Residency Visa for yourself and family members.
  • Your company with a bank account, including eBanking and debit card.
Contact us to register your company

Ras Al Khaimah Investment Authority Company main characteristics:

Company type
Offshore Company
Governing corporate legislation
Ras Al Khaimah Investment Authority
Information published relating to company officers
No company directors names are disclosed
Confidentiality
Complete confidentiality
Accounting requirement
Accounts and auditing are not required
Taxation
No corporate or personal taxation
Legislation
Ras Al Khaimah Investment Authority
Standard currency
UAE dirhams pegged to USD
Time to form
5 working days
Communication
Efficient means of communication
Local sponsor requirement
Optional, local or foreign sponsorship
Foreigner ownership
100%
Residence visa issuance
No residence visa
Number of directors needed
Minimum one director

Type of License:

  • Industrial License

    This allows the process of manufacturing, assembling and packaging, etc.

  • Trade Licence:

    Import/export, distribution, most forms of trading (five activities of similar products must be specified or three very different activities consisting two different product types).

  • General Trading:

    Most extensive forms of trading, import/export and the distribution of goods.

  • Commercial License:

    Contracting, repair and maintenance, rental, shops and restaurants etc.

  • Consulting/Services:

    All types of consultancy activities including management, business, industrial or professional services license (including real estate related consulting activities).

  • Media License:

    Every form of media and communication services.

  • Limited Liability Company Structure (FZ-LLC/LLC):

    This type of company must comprise a minimum of two partners. The partners can be individuals or companies.

  • Foreign or Local Branch:

    Under this category, licenses are only possible for existing companies which hold a valid license from any other acceptable licensing authority, be it local or foreign.

  • Establishment (FZ/IZ):

    This incorporation is for the single shareholder, which can be either an individual or a company.


Information concerning RAK Investment Authority

RAK OFFSHORE

Established in 2005, RAKIA manages the industrial parks of Al Hamra and Al Ghail areas of Ras Al Khaimah and the Free Zone. Business formation/incorporation is done quickly and it has been streamlined. There are also lower cost of living in the RAK area, 100% repatriation on profits and capitals, as well as 100% ownership in the free zone. Incorporations in RAK enjoy economic rent options for long-term leasing, dedicated power plant for the industrial parks, as well as land, air and sea connectivity from Ras Al Khaimah to markets in the UAE and the region.

* Please refer to our Terms & Conditions