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  • RAK OFFSHORE COMPANY FORMATION

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SFM IN PRESS

Our approach to protect data

20 May 2018

Much echo is being given nowadays to the looming implementation of the new European regulations regarding the processing of personal data, the General Data Protection Regulation (GDPR), and not only in the European Union.[..]

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Just Announced: 100% Ownership for Dubai Entrepreneurs

21 March 2018

The Emirate is always looking for ways to improve Dubai’s national and international standing. Now, The Dubai Entrepreneurs Academy (SME) has opened up opportunities for students and entrepreneurs to come up with novel ideas to drive forward business innovation. What’s more, 100% ownership is guaranteed through the new SME Business Incubator License.[..]

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RAK INVESTMENT AUTHORITY (RAK OFFSHORE)

Our Commitment

  1. Your RAK Offshore Company in 5 working days. *
  2. Competitive and transparent pricing
  3. Complete confidentiality
  4. Setting up your company with a bank account including eBanking and debit card
  5. UAE Residency Visa for you and family members
Ras Al Khaimah Investment Authority Company

Ras Al Khaimah Investment Authority Company Main Characteristics:

Company typeOffshore Company
Governing corporate legislationRas Al Khaimah Investment Authority
Information published relating to company officersCompany director names are not disclosed
ConfidentialityComplete confidentiality
Accounting requirementAccounts and auditing are not required
TaxationNo corporate or personal taxation
LegislationRas Al Khaimah Investment Authority
Standard currencyUAE Dirhams pegged to USD
Time to form5 working days
CommunicationEfficient communication
Local sponsor requirementOptional, local or foreign sponsorship
Foreigner ownership100%
Residence visa issuanceNo residence visa
Number of directors neededA minimum of 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