It will be open to all workers regardless of nationality - according to Abdulrahman Al Awar, Minister for Human Resources and Emiratisation [..]
Since the United Arab Emirates introduced its Golden Visa, many foreigners have applied to live and work in the UAE. If you’re interested in taking advantage of this scheme, understand that it comes with some strict application criteria which may make acceptance difficult. [..]RAK INTERNATIONAL CORPORATE CENTRE (RAKICC)
Our Commitment
- Your RAK Offshore Company in 5 working days. *
- Competitive and transparent pricing
- Complete confidentiality
- Setting up your company with a bank account including eBanking and debit card
RAK International Corporate Centre Company Main Characteristics:
| 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 |
| Standard currency | UAE Dirhams pegged to USD |
| Time to form | 5 working days |
| Communication | Efficient communication |
| Local sponsor requirement | Optional, local or foreign sponsorship |
| Foreigner ownership | 100% |
| Residence visa issuance | No residence visa |
| Number of directors needed | A 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 International Corporate Centre (RAKICC)
RAK International Corporate Centre (RAKICC) is a Corporate Registry operating in Ras Al Khaimah, United Arab Emirates. RAK International Corporate Centre is responsible for the registration and incorporation of International Business Companies, as well as providing a full suite of Registry services related to International Business company activity. RAK International Corporate Centre is a modern, world class Company Registry operating in full compliance with international standards and best practices in the International Business company formation industry.
If you want to learn more about the differences between offshore, onshore and free zone companies in the UAE.
Register your company
* Please refer to our Terms & Conditions
