General Information about Offshore Company Formation in Ras Al-Khaïmah (RAK)

Ras Al Khaimah-(RAK) is the fourth largest emirate of the United Arab Emirates. Like Dubai, RAK wants to diversify its economy with new industrial and tertiary activities to prepare for the energy transition.

Taxation of Ras Al Khaimah:

 

Like the rest of the UAE, taxation RAK is very advantageous. Companies are not subject to any tax. There is no income tax.

1. Time to setup offshore company in Ras Al Khaimah: 1-2 days.

2. Shelf company available.

3. No accounting records to be kept.

4. Nominee Shareholder possible.

5. Nominee Director possible.

“Type of offshore company” – International Business Company (IBC)

“Accounting” – No accounting records

“Law” – U.A.E Law

“Capital requirements” – No capital requirement

“Bearer Shares” – Bearer Shares not Permitted

“Published information” – No information published

“Taxes” – No tax

“Number of Directors / Shareholders” – Minimum 1 Director and 1 Shareholder

“Confidentiality” – Confidentiality is guaranteed

“Commercial register” – The RAK Investment Authority is the commercial register in RAK

The main activities that you can take with an offshore company formation in Ras Al-Khaïmah:

“Entrepreneurship”

“E-Commerce”

“Consulting”

“Import-Export”

“Detention of real estate property”

“Detention and exploitation of IP”

“Organizing Your Estate”

“Brokerage”