RAK, UAE - Company Formation - Business Setup
- Register your Company in Ras Al Khaimah in 1-2 days (upon validation of your identification documents)*
- Client Confidentiality & Data Protection
- Access To The World’s Largest Bank Network
- Dedicated Manager Available Throughout The Year
5 simple steps are needed to incorporate your company in RAK (UAE)
Complete our application form - Ras al-Khaimah (UAE)
Upload your documents
Your account manager will ask you for official documents which are required for your company formation.
Incorporate your company successfully
Once your documents have been processed your company will be successfully incorporated subject to local authority approval.
Process any additional services
Your account manager will guide you through the steps of completing your request of additional services such as bank accounts.
Manage Your company via our client portal
Our client portal will give you immediate access to all your documents as well as display your company structure.
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
Company type
International Business Company (IBC)
Governing corporate legislation
RAK International Corporate Centre (RAKICC) is a Corporate Registry operating in Ras Al Khaimah, United Arab Emirates.
Information published relating to company officers
There is no public register of company officers. However, the particulars of the company structure are registered and must be maintained up-to-date with RAK ICC.
Confidentiality
The UAE implemented many legislations to protect the data and the privacy of the persons and the companies. More information may be found here.
Accounting requirement
No accounting filing requirements.
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.
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.
Legislation
Modern offshore legislation.
Ownership
100% foreign ownership is allowed, no requirement to have a local partner.
Communication
Efficient communication means.
Time zone
Convenient world time zone: GMT+4
Paid up capital requirement
No paid up capital requirement. The standard share capital is AED 10,000 but can be amended to fit your requirements.
Renewal Date
Anniversary date of the company / Each Year
Basis of legal system
UAE law.
Minimum directors/shareholders
Minimum of 1 director/shareholder.
Bearer shares
Bearer shares are not permitted.
Documents Required
for the Creation of a RAK Offshore Company
Certification of a passport can be made by a notary, an attorney-at-law, a bank, a public officer, or in accordance with SFM indications. Kindly consult your dedicated account manager at SFM to obtain precise information.
of your passport, a certified copy of proof of domicile dated less than three months, a curriculum vitae, as well as last 3 months' bank statement. All in original.**
RAK Offshore Company, ideal for:
Ras al-Khaimah (UAE) Offshore Jurisdiction News
New Corporate Tax in the UAE - A Milestone for Economic Diversification
12 July 2023
On June 1st, the United Arab Emirates (UAE) implemented a landmark change in its tax landscape by introducing a corporate tax for certain businesses. This development marks a significant step towards economic diversification and sustainable growth in the region [..]
Entertainment and Gaming in Ras Al Khaimah, new Department has been Created. The Department will be Responsible for a Range of Issues
5 April 2022
It was recently announced that a new department will soon begin operating in the Ras Al Khaimah Emirate. Its purpose is to oversee everything related to the complexities of entertainment and gaming[..]
For the First Time Ever, Businesses in UAE Will Pay Corporate Taxes
3 February 2022
Announced at the end of January in Dubai, it was revealed that from 2023, businesses wishing to operate in the United Arab Emirates will pay federal corporate tax.[..]
* Subject to the constraints of the due diligence procedure.
** 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.
** 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
Overall Rating
96%
Customer satisfaction rate, testimonials verified by Feefo.com
27-Apr-2023
Excellent service with full support throughout the process, with quick and clear communication at all times.
Excellent service with full support throughout the process, with quick and clear communication at all times.
03-Apr-2023
Better feedback and better clarity of the requirements and timelines from the start
Better feedback and better clarity of the requirements and timelines from the start
08-Mar-2023
The progress of my new company was delayed more than I expected.
The progress of my new company was delayed more than I expected.
08-Mar-2023
Always on hand for help and assistance, and helped us no end in the process of incorporating our business, would be very happy to recommend to others.
Always on hand for help and assistance, and helped us no end in the process of incorporating our business, would be very happy to recommend to others.
04-Jan-2023
I have used SFM for company set up and also for company dissolution. I have found them to be efficient and courteous. Sometimes responses involving the local registration authorities have taken some time, but I surmise that this is attributable to the third party involved. I would have no hesitation in recommending them to others.
I have used SFM for company set up and also for company dissolution. I have found them to be efficient and courteous. Sometimes responses involving the local registration authorities have taken some time, but I surmise that this is attributable to the third party involved. I would have no hesitation in recommending them to others.
03-Nov-2022
Experienced professionals and very fast Excellent value for money.
Experienced professionals and very fast Excellent value for money.
For those who wish to pursue international company formation in a cost-efficient location within the UAE, RAKICC in Ras Al Khaimah presents the perfect opportunity. It is quickly becoming a global investment hub, making it a sought-after destination for companies interested in securing a foothold in the region. If you need to register a company online in RAKICC (RAK), choose SFM to assist you.
We are officially registered and approved as an agent in Ras Al Khaimah International Corporate Centre (RAK ICC). This allows us to offer the best possible prices in the region, which will greatly benefit companies starting out with lower capital.
Partnering with us presents other advantages as well. We can help you with opening a bank account in the UAE, as well as providing comprehensive corporate and compliance support throughout the company registration process.
