5 simple steps are needed to incorporate your company in RAK (UAE)
Company Formation in RAK: Benefits & Tax Advantages
- RAK is the most popular and cost-effective jurisdiction in the United Arab Emirates.
- SFM is an official registered agent in Ras Al Khaimah, approved by local authorities. Our clients therefore have the guarantee to be served at the best price, and in the best conditions.
- International Offshore Companies established in RAKICC (RAK) can take advantage of its various tax incentives.
- Efficient registration process with minimal documentation requirements.
- Strategic location with excellent infrastructure and global transportation connections.
- Business-friendly legislation that supports companies incorporating in RAKICC (RAK).
- International Offshore Companies established in RAKICC (RAK) can be used as Holding Companies to hold various assets, shares in other companies or even properties in Dubai or internationally.
Company Formation in RAK: Types & Criteria
Main Characteristics of a Ras Al Khaimah (UAE) Offshore Company
However, the company must maintain its underlying documentation, including accounting records, for a minimum of 5 years, as prescribed by Regulation 101 – 107 of the RAK ICC Business Companies Regulations 2018 and Federal requirements.
RAK Offshore Company, ideal for:
** Documents must be provided for every person related to the company.
Disclaimer: Nothing on this webpage shall be construed as a contractual commitment or as a warranty. Services conditions are governed by the applicable terms and conditions.
Our Client Reviews
Our Testimonials Are Verified By Feefo, A Third Party Company
It was very fast and i was always informed fast and timely
accessible, fast and competent
I incorporated a company in Delaware and did it through SFM Corporate Services Dubai.
The company services exceeded my expectations they made it very easy for me to proceed and regularly updated me on the progress.
Xenia Tsyganova who was my Client Manager was very polite, fast and very professional through the whole process. Huge thanks to Xenia !
I would highly recommend SFM Corporate Services !
Very professional service ! I highly recommend SFM, and I do it for all my clients.
They are able to give the best advices and open the right doors for your business.
Thank you SFM Team 🙏
SFM has incorporated an offshore company for me in a timely manner and managed to open a bank account for the company as well. Their services were exceptional.
Anna Hochberg have gone above and beyond and I'm truly grateful for her services, support and efforts.
Les responsables du la clientèle sont à l'écoute et disponible
Understanding the Restrictions on the Business Activities of a RAK ICC Company
While RAK ICC Offshore companies are not permitted to conduct activities within the UAE, Ras Al Khaimah company formation encompasses most types of international businesses. They can even hold real estate property in Dubai. That said, some business activities are recorded as “High Risk” and, therefore, off limits. Meanwhile, some are strictly prohibited.
Prohibited Activities:
- Insurance
- Banking
- Fund management
- Gambling
- Non-profit organisations and charities
High-Risk Activities:
- Mining
- Gold and diamond trade
- Petroleum and crude oil trade
- Trusts
- Luxury goods trading
- Defence industry activities
- Cryptocurrencies
- Lending services
Which Activities Can a RAK ICC Company Conduct?
The activities your RAK ICC can conduct include (but are not limited to):
- International logistics and services
- International trade (outside the UAE)
- Project development
- Shareholding
- Patent holding and other intellectual property
What Are the Different Types of Companies Foreigners Can Set Up in RAK?
For your Ras Al Khaimah company formation, various structure options are available. Your choice will depend on your specific situation.
Limited Liability Company (LLC)
This is one of the most widely used types of registration options among small and medium-sized businesses. This structure permits 100% foreign ownership and requires one shareholder whose liability is limited to their acquisition.
Free Zone Company
Free Zone Establishments (FZE) with a single shareholder and Free Zone Companies (FZCO) with several shareholders enjoy the tax immunities and other advantages that come with operating within the designated UAE Free Zones.
Offshore Company
If you only wish to operate outside the UAE, an Offshore Company in Ras Al Khaimah will allow you to run your business with minimal reporting and accounting obligations while enjoying significant tax benefits.
Branch of a Foreign Company
Foreign companies may establish a branch office in Ras Al Khaimah to conduct similar activities there. Note that the branch’s legal identity will be indifferent from the parent company and subject to the rules of its jurisdiction.
Sole Proprietorship
Ideal for solo entrepreneurs, this structure can be run by a single person and for a specific domain of expertise (professional activity).