Ras Al Khaimah company formation

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 Offshore company in

United Arab Emirates, RAK

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An excellent
Middle East
option for international trade

Want to know more about setting up your business here and other useful information? Check all procedures and compliance!

RAK company formation key features

  • UAE is a “whitelisted” jurisdiction with OECD and FATF.
  • UAE offers a valuable alternative to jurisdictions traditionally labelled as “offshore centre” facing extreme scrutiny internationally.
  • RAK ICC Regulations allow for flexibility in the company structure, namely 100 % foreign Ownership.
  • BASICALLY, THERE ARE NO TAXES IN UAE!
British Virgin Islands company formation

Other benefits to register in RAK

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Zero taxes and duties

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No Tax Information Exchange Agreement with any Country
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No Record-keeping requirements
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No Public disclosure of information
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No minimum share capital
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Easy transfer of shares

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Able to issue restricted bearer shares, held by Registered Agent
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Bearer shares can be converted to registered shares
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Simple accounting requirements
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Minimal Government and registered agent fees and costs
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Confidentiality & protection
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Easy transfer of assets
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Facility for company name reservation (up to 90 days)
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Company Name can end up with “Limited”/ “Ltd” or “Incorporated”/ “Inc”
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Multiple classes of shares
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Able to conduct business in the UAE as long as licensed by the appropriate authorities
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Has the option to choose the applicable law

RAK international company formation top benefits

Located just north of Dubai in the United Arab Emirates, the city of Ras Al Khaimah (RAK) has become increasingly popular as a destination for offshore company formation. There are many reasons for this, but some of the most significant benefits include a low-cost business environment, a status as a “free zone” (which offers special economic incentives), and a wide range of support services for businesses. In addition, RAK is well-connected to the rest of the world, with excellent infrastructure and a convenient location near major transportation hubs. As a result, it’s easy to see why RAK is an attractive option for those looking to form an offshore company.
British Virgin Islands company formation tax neutrality

Rak’s commercial companies benefit from an attractive tax regime

Rak’s commercial companies benefit from an attractive tax regime which includes a capital gains tax exemption, a personal income tax exemption, several double taxation treaties, and a sales tax exemption. This makes Rak an attractive destination for businesses and investors looking to minimize their tax liability. The capital gains tax exemption applies to profits from the sale of shares in Rak-based companies. The personal income tax exemption applies to earnings from work performed in Rak. The double taxation treaties provide for reduced taxes on income earned from cross-border trade and investment. And the sales tax exemption applies to goods and services sold in Rak. This combination of benefits makes Rak an attractive venue for businesses seeking to minimize their tax liability.
BVI business companies have good access to capital

Rak’s business companies have good access to capital

Rak business companies have good access to capital for several reasons.

  • First, setting up a company in Rak is relatively simple. Compared to other jurisdictions, the business license application process is relatively quick and easy.
  • Second, Rak offers several incentives for business formation, including free trade zones and tax-free status for certain types of businesses. These factors make Rak an attractive destination for business investment.
  • Finally, Rak is home to several large international banks that are willing to lend to business startups.
This access to capital makes it easier for business owners to get their companies off the ground and grow them into successful enterprises.

Venture capital investors

To qualify as a venture capital investor in Rak, there is a minimum capital requirement of AED 10 million. This capital must be in the form of share capital, and it must be invested in a minimum of five different ventures. Additionally, the investor must have a minimum stake of 30 per cent in each venture. The purpose of these requirements is to ensure that investors have skin in the game and are committed to their investments. Besides, it ensures that investors have the financial resources to weather any bumps in the road. By carefully screening investors and ensuring that they meet these requirements, Rak can provide a robust environment for startups to flourish.

SEIS and EIS schemes

The offshore business scene in the UAE is booming, and Rak offshore is at the forefront. The emirate offers a wide range of offshore business opportunities, from setting up an offshore company to investing in an international business company. However, two of the most popular schemes in Rak are the SEIS and EIS schemes. The SEIS scheme allows offshore companies to operate with a lower level of taxation, while the EIS scheme provides benefits for businesses that invest in certain types of projects. Both schemes have been designed to encourage offshore investment and boost the economy. However, they do have different requirements and benefits. The main difference between the two schemes is that the SEIS scheme is only available to companies that are domiciled in Rak, while the EIS scheme is open to businesses from all over the world. In addition, the SEIS scheme requires companies to have a minimum share capital of AED 2 million, while there is no such requirement for the EIS scheme. So, if you’re thinking about setting up a company in Rak, be sure to research both schemes to see which one is best for your business. With the right scheme in place, you could enjoy significant tax savings and make your company more competitive.

Rak business companies have a range of options when it comes to accessing capital

When it comes to raising capital, Rak business companies have a range of options. One popular option is to form a company. Offshore companies offer several benefits, including tax efficiency and asset protection. Additionally, business owners can take advantage of the many incentives offered by the Ras Al Khaimah Free Trade Zone Authority, such as 100% foreign ownership and zero corporate taxes. Another option for accessing capital is to list it on the Abu Dhabi Securities Exchange. This gives companies exposure to a broader pool of investors and can be a good way to raise long-term growth capital. Finally, businesses can also access capital through private equity or venture capital firms. This can be a good option for companies that are looking for growth capital but may not be ready for an IPO. Regardless of which option is chosen, business owners have several options when it comes to accessing capital.

Another option for Rak businesses is to raise money through equity financing

When it comes to raising money through equity financing, Rak offshore company is a great way to go. Rak offshore company is an international business company that is perfect for those who want to raise money through equity financing. The reason why this company is perfect for equity financing is that it offers a lot of benefits that other offshore companies do not offer. For example, Rak offers tax exemption on profits, which is a great benefit for those who are looking to raise money through equity financing. In addition, Rak also offers a lot of flexibility when it comes to the ownership structure of the company. This means that you can easily transfer ownership of the company to another person or entity if you need to. Overall, Rak offshore company is a great option for those who are looking to raise money through equity financing.

Rak company confidentiality

Forming an offshore company in Ras Al Khaimah is a great way to protect your assets and maintain confidentiality. However, there are some important things to keep in mind when it comes to Rak company formation. First, you’ll need to choose an international business company (IBC) that best suits your needs. There are several different IBCs available, so it’s important to do your research and find one that will offer the best protection for your assets. Once you’ve chosen an IBC, you’ll need to obtain a RAK offshore company license. This license will allow you to operate your business from Ras Al Khaimah and will help to ensure that your assets are protected. Finally, you’ll need to open a bank account in the name of your company. This account will be used to hold your company’s funds and will help to maintain confidentiality. By following these steps, you can be sure that your company in Ras Al Khaimah will be both safe and confidential.

Rak offshore company corporate flexibility

Rak offshore company formation is a relatively simple process. There are many advantages to RAK company formation, one of the most notable being the increased flexibility that it affords businesses. When a business is RAK offshore company registered, it can take advantage of several special features and benefits that are not available to companies that are registered in onshore jurisdictions. For example, RAK offshore companies are not subject to the same reporting requirements as onshore companies. As a result, they can maintain a higher degree of confidentiality about their operations and financial affairs. In addition, company registration can provide businesses with access to several tax benefits that are not available to onshore businesses. As such, it can be an attractive option for businesses looking to minimize their tax liability.
rak offshore company corporate

Rak offshore company success is more likely to be guaranteed

The process of Rak company formation is relatively simple. There are many reasons why a company in Rak is more likely to be successful than a company registered in another jurisdiction. First of all, the tax benefits available in Rak are extremely attractive. Offshore companies in Rak can enjoy tax-free status on their profits, as well as exemption from customs duties and VAT. Additionally, there are no restrictions on the ownership of a company in Rak, meaning that foreign investors can 100% own and operate a company in the jurisdiction. This is not the case in many other jurisdictions, where foreign ownership is limited. Finally, the costs associated with setting up and maintaining a company in Rak are relatively low when compared to other jurisdictions. For all of these reasons, a company in Rak is more likely to be successful than a company registered in another jurisdiction.

Rak respected offshore financial centres

Located just 45 minutes from Dubai, the city of Ras Al Khaimah is one of the most respected offshore financial centres in the world. Unlike many other jurisdictions, RAK offers a wide range of benefits for international business companies, including 100% foreign ownership, zero taxes, and full asset protection. In addition, RAK is home to several free zones, which offer even more advantages for businesses looking to establish a presence in the UAE. As a result, it’s no surprise that RAK has become a popular destination for company registration in recent years. If you’re looking for a jurisdiction that can offer your business the best possible opportunities for growth and success, RAK is worth considering.

Rak is one of the most respected offshore financial centres in the world

Ras Al Khaimah is one of the most respected offshore financial centres in the world for a number of reasons. Firstly, it offers international companies a number of advantages in terms of offshore company registration and legal protections. Secondly, the emirate is home to a number of highly-skilled professional service providers, including accountants, lawyers, and financial advisers. Finally, Ras Al Khaimah has a long history of stable political and economic conditions, making it an attractive destination for international investors. Taken together, these factors make Ras Al Khaimah an ideal choice for those looking to establish an offshore presence.

Rak is an attractive destination for businesses and individuals seeking quality financial services

RAK is an attractive destination for businesses and individuals seeking quality financial services. The free zones offer foreign investors significant advantages, including 100% ownership, exemption from corporate and personal taxes, and relaxed labour laws. These benefits have helped to make RAK one of the most popular destinations for offshore company formation. In addition, RAK is home to a number of world-class banks and other financial institutions that provide a full range of services. As a result, RAK is an ideal place for businesses and individuals seeking quality financial services.

Offshore bank account Ras Al Khaimah

offshore bank account ras al khaimah

Offshore bank account Ras Al Khaimah

Any company, for the sake of its operations, requires effective and solid baking services. Along with the Company incorporation in RAK, we can assist you opening bank account opening for such company. We have a wide range of protocols with worldwide banks, including in UAE and are in position to suggest you the right bank, and assist you within the complete procedure of account opening.

RAK Company Formation FAQs

What is stated in the Ras Al Khaimah Business Companies Act?

The Ras Al Khaimah Business Companies Act (the “Act”) was enacted in 2018 and came into force on 1 January 2019. The Act is a modern, comprehensive, and up-to-date piece of legislation that sets out the framework for the regulation of business companies in Ras Al Khaimah. The Act applies to all business companies incorporated in Ras Al Khaimah, whether onshore or offshore.

The key features of the Act include:

  • A modern and flexible legal framework for the incorporation and operation of business companies in Ras Al Khaimah;
  • A simplified incorporation process with reduced paperwork and timelines;
  • A wide range of corporate structures including sole proprietorships, partnerships, limited liability companies, and public joint stock companies;
  • Flexible capital requirements with no minimum capital requirements for most types of business companies;
  • Protected cell companies and segregated liability schemes are available for certain types of businesses;
  • Streamlined compliance requirements and procedures; and
  • A dedicated Registrar of Companies with responsibility for the registration and regulation of business companies in Ras Al Khaimah.
Why set up a Ras Al Khaimah International Business Company?

Why set up a RAK International Business Company

When you’re planning to do business in the United Arab Emirates, there are a number of reasons to choose Ras Al Khaimah as your base of operations.

First, setting up a Free Zone company in RAK lets you take advantage of tax-free status and 100% foreign ownership. You’ll also enjoy a wide range of benefits, including free zone company registration, exemption from corporate taxes, and no currency restrictions.

Additionally, RAK offers a safe and stable environment for businesses, with a world-class infrastructure and a highly skilled workforce. And because RAK is located just outside the UAE’s capital city of Abu Dhabi, you’ll have easy access to all the resources and amenities you need for thriving businesses.

So, if you’re looking for a jurisdiction that can offer your business the best possible chance for success, Ras Al Khaimah should be at the top of your list.

What is the Ras Al Khaimah company set up timescale?
RAK company set up timescale It generally takes us one day to prepare and file the M&AA and the related corporate documentation, and 1 to 3 business days for the Registrar to issue the Certificate of Incorporation, and the stamped M&AA.

What type of business niches are most suited to RAK company formations?

The main activities that a RAK Offshore company can hold outside UAE, amongst others, they are:

  • International Trade Trading
  • Consulting and Advisory Services
  • Holding Company
  • Property Owning
  • International business services