Ras Al Khaimah company formation
Select the services that are most suitable for your personal business needs.
Let us handle the paperwork and logistics while you focus on growing your business. From $1,780.00
Our processing times are some of the fastest, allowing you to get your business up and running quickly.
Every customer is assigned a personal business specialist. Feel free to contact him directly.
Inclusions at Incorporation
The certificate of incorporation issued by the local registrar
The memorandum and articles of association
Register of Directors
Register of members and share ledger
The share certificate(s)
Resolution for the appointment of initial members and managers, and distribution of share participations
Free Services included:
Free consultation with a business development manager
Unlimited live phone and email support
Initial Document preparation within 24 hours
Preliminary Name search
PDF document review before filing
Submission of documents by email
Post Formation Legal and Tax Guide
PDF copy of filed articles of association
PDF copies of all customized paperwork
Incorporation Fee from
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Offshore company in
United Arab Emirates, RAK
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!
Other benefits to register in RAK
Zero taxes and duties
Easy transfer of shares
RAK international company formation top benefits
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.
Rak’s commercial companies benefit from an attractive tax regime
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.
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
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 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
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
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
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
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 success is more likely to be guaranteed
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
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
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
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
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?
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?
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