RAK, UAE Offshore Company, and Business Setup
- Register your Company in Ras Al Khaimah in 1-2 days (upon validation of your identification documents).*
- Client confidentiality protection via secured systems.
- Your RAK company and its application for a bank account, including eBanking and credit card. Opening by correspondence.
- A dedicated manager is available throughout the year to administer your company.
5 simple steps are needed to register an offshore 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.
Register your company successfully
Once your documents have been processed your company will be successfully registered.
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.
Ras Al Khaimah (RAK) Offshore Company Formation
Good to Know
RAK is the most popular and cost-effective jurisdiction in the United Arab Emirates.
Companies in Ras Al Khaimah enjoys 0% Taxation, no auditing and no paid up capital requirement.
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.
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.
Corporate taxation
A Ras Al-Khaimah IBC is exempt from any form of taxation and withholding taxes in the United Arab Emirates.
While the company may not be liable to pay taxes, please consult with a tax/legal advisor in your country of residence, to determine your own tax liability.
While the company may not be liable to pay taxes, please consult with a tax/legal advisor in your country of residence, to determine your own tax liability.
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
Ras Al Khaimah Launches New FTZ Authority
7 May 2017
Ras Al Khaimah, one of the seven emirates that make up the United Arab Emirates (UAE), has established a new free trade zone authority. The new authority, Ras Al Khaimah Economic Zone (RAKEZ), will oversee, regulate, and consolidate the services, facilities, and zones of the Ras Al Khaimah Free Trade Zone (RAK FTZ) and the RAK Investment Authority (RAKIA).[..]
VAT in the UAE
13 February 2017
As announced in February 2016 by the UAE Minister of State for Financial Affairs, His Excellency Obaid Humaid Al Tayer, the UAE will introduce a Value Added Tax (VAT) of 5% beginning January 1, 2018. The six other states that make up the Gulf Cooperation Council (GCC) region will also be implementing a VAT during this time and/or by January 1, 2019 at the latest. [..]
UAE Free Zones – The Key for Fulfilling Economic Substance Requirement
1 September 2016
Incorporating in the UAE offers the leverage to foreign businesses to keep up with the requirements of tax authorities for economic substance through its free zone (FZ) structures.[..]
* 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
30-Sep-2020
I believe in luck, and I was super lucky to have worked with Myriam..! :) A very professional executive who made everything as simple as it sounds :) I highly recommend SFM's services especially if all your employees are as wonderful as Ms. Myriam :) All the best and thanks a million :)
I believe in luck, and I was super lucky to have worked with Myriam..! :) A very professional executive who made everything as simple as it sounds :) I highly recommend SFM's services especially if all your employees are as wonderful as Ms. Myriam :) All the best and thanks a million :)
29-Sep-2020
We rate our experience with SFM and the SFM employees we dealt with, as EXCELLENT.
We chose SFM from among multiple companies for the following reasons:
1. Professional website, with clear information and data.
2. Competitive pricing.
But that was not enough for us to choose SFM. So, we decided to meet with SFM. Mr Owiss Refaat (Business Development Manager) welcomed us and answered all our questions clearly and transparently, in addition to providing us with additional advice and suggestions as to what could be best for us.
This was our first dealing with a professional SFM employee who knew what he was talking about.
After that meeting, we decided to proceed with SFM.
SFM assigned to us Ms. Myriam Farahoui (Senior Client Relationship Manager) to assist us with the incorporation of our company in Ras Al-Khaimah.
Myriam displayed an excellent combination of professionalism as well as true friendly customer care throughout our communications and during the entire company registration process.
The communication process was excellent. Requirements and processes were being clearly presented to us. Our questions were being answered promptly, and it is important to note that the answers were not rushed out, half answers. Myriam had our best interest in mind. For example, for one of our important questions related to company classification and activity code, she got us the best answer by contacting the authority and getting us their advice and suggestion on what would be best for our company.
Myriam Farahoui: 10/10, 5 Stars *****
SFM: Highly recommended.
We rate our experience with SFM and the SFM employees we dealt with, as EXCELLENT.
We chose SFM from among multiple companies for the following reasons:
1. Professional website, with clear information and data.
2. Competitive pricing.
But that was not enough for us to choose SFM. So, we decided to meet with SFM. Mr Owiss Refaat (Business Development Manager) welcomed us and answered all our questions clearly and transparently, in addition to providing us with additional advice and suggestions as to what could be best for us.
This was our first dealing with a professional SFM employee who knew what he was talking about.
After that meeting, we decided to proceed with SFM.
SFM assigned to us Ms. Myriam Farahoui (Senior Client Relationship Manager) to assist us with the incorporation of our company in Ras Al-Khaimah.
Myriam displayed an excellent combination of professionalism as well as true friendly customer care throughout our communications and during the entire company registration process.
The communication process was excellent. Requirements and processes were being clearly presented to us. Our questions were being answered promptly, and it is important to note that the answers were not rushed out, half answers. Myriam had our best interest in mind. For example, for one of our important questions related to company classification and activity code, she got us the best answer by contacting the authority and getting us their advice and suggestion on what would be best for our company.
Myriam Farahoui: 10/10, 5 Stars *****
SFM: Highly recommended.
17-Jun-2020
Excellent services , rapidité et professionnalisme .Grace aux professionnalisme de Myriam Farahoui tout a était très bien organisé avec rapidité . Personne très compétente .
Merci de vos service .
Excellent services , rapidité et professionnalisme .Grace aux professionnalisme de Myriam Farahoui tout a était très bien organisé avec rapidité . Personne très compétente .
Merci de vos service .
11-Jun-2020
I would like to thank Myriam for the extremely professional service that she gave me to get everything in order and expedite the formation of the company. I will definitely recommend your company and Myriam to others.
I would like to thank Myriam for the extremely professional service that she gave me to get everything in order and expedite the formation of the company. I will definitely recommend your company and Myriam to others.
04-Jun-2020
Company creation support is fine. However the support to open a bank account is rather poor.
Company creation support is fine. However the support to open a bank account is rather poor.
21-May-2020
Very poor experience, I wired money on January 29th. After many emails asking them to send me documents they just delivered just one document (Apostille) on May 19th. Today is May 21st and I still haven't received other documents such as POA and without it I can not do anything. They kept stalling and excusing with Covid 19 why they can not send by DHL !? When I was including supervisor in email communication, there was no any reaction, no replay...my agony with them last now for approx. 4 months and it is not over yet.
Strongly recommend to avoid this company to cooperate with!
Very poor experience, I wired money on January 29th. After many emails asking them to send me documents they just delivered just one document (Apostille) on May 19th. Today is May 21st and I still haven't received other documents such as POA and without it I can not do anything. They kept stalling and excusing with Covid 19 why they can not send by DHL !? When I was including supervisor in email communication, there was no any reaction, no replay...my agony with them last now for approx. 4 months and it is not over yet.
Strongly recommend to avoid this company to cooperate with!
For those who wish to secure an offshore company formation in a cost-efficient location within the UAE, Ras Al Khaimah presents the perfect opportunity. It is quickly becoming a global investment hub, making it a superb location for companies interested in securing a foothold in the region. If you need to register a company online in RAK, choose SFM to help you.
One of the biggest benefits of RAK registration is an effective tax rate of 0%. While this alone makes RAK a business-friendly destination, the region further boasts limited auditing and no requirement for paid-up capital.
SFM is officially registered and approved as an agent in RAKICC. This allows us to offer the best possible prices in the region, which will greatly benefit companies starting out with lower capital.
