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50% Discount
As part of SFM’s continued support to businesses affected by COVID-19, we are offering an exclusive 50% discount to all new Ras Al Khaimah company incorporations. Discount is effective until 31 December 2021. Please consult our price page for more details.

Ras Al Khaimah (United Arab Emirates) Offshore Company

More Information
Steps to company formation - 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.
 
 

Banking Options

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Ras Al Khaimah (RAK) Company
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 Ras Al Khaimah
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 / reporting 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.
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 the Company
A certified copy 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, utility bill or tenancy agreement showing address of current residence or bank statement dated within last 3 months.**






Ras Al Khaimah won our best offshore jurisdiction award (3 min 55sec)


Frequently Asked Questions

Offshore Company Formation in Ras Al Khaimah
  • Is it legal for me to setup an offshore company in the United Arab Emirates?
    Absolutely, offshore companies (also known as IBC- International Business Companies) formed in RAK are perfectly legal and are recognized internationally, and are able to open bank accounts.
  • Is a RAK Offshore Company tax liable?
    No, Offshore companies formed in Ras al Khaimah are not subject to taxes on profit or capital gains.

    While a company may not be subject to tax reporting to its local authorities, you should consult with your own tax, legal or accounting advisor to determine whether you are subject to tax in any other jurisdiction including the jurisdiction in which you are a tax resident
  • Can I trade in Dubai with a RAK offshore company?
    By definition, offshore companies are not supposed to trade within their country of incorporation. Should you wish to trade within the UAE, you would need to setup a local Onshore comapny. Kindly visit our dedicated website for that purpose.
  • Is SFM present in the United Arab Emirates ?
    Yes, we are headquartered in Dubai and register thousands of companies in the Emirate every year. For more information, visit our Contact page.
  •  
  • Do I need a local partner for a Ras Al Khaimah IBC?
    No, RAK offshore companies do not need a local partner and 100% of shares can be owned by a foreigner.
  • Do I need to submit accounting records for a company in Ras Al Khaimah?
    No, this is not required.
  • Do I need to deposit the paid up capital for a RAK IBC?
    No paid up capital requirement. The standard share capital is AED 10,000 but can be amended to fit your requirements.
  • Will my name be public once I register a RAK company?
    No, there is 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(Ras Al Khaimah International Corporate Center).


Ras al-Khaimah (UAE) Jurisdiction News


SFM wins the Best Agent Award in Ras Al Khaimah

14 February 2019
We are delighted to announce that SFM was bestowed with the Top Agent 2018 Award by RAK International Corporate Centre (RAK ICC) as the best-registered agent. The award has been granted in acknowledgement of SFM’s outstanding incorporation records for 2018 among other criteria. [..]
Continue reading

What is the world’s best offshore jurisdiction?

31 January 2019
In the last 10 years, the world’s offshore industry has gone through major change. New offshore centers have emerged, while others have drastically reduced in size. [..]
Continue reading

Protecting your assets in the UAE : Introducing the DIFC Will

11 September 2018
Succession planning in United Arab Emirates (“UAE”) for non-Muslim resident and foreign investors: how to protect your assets located in Dubai and in Ras Al-Khaimah? [..]
Continue reading
* 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.

Our Client Reviews

Our Testimonials Are Verified By Feefo, A Third Party Company

4.7 out of 5 stars customer rating
Overall Rating
96% Customer satisfaction rate, testimonials verified by Feefo.com
08-Jun-2014
I think they should explain that off shore companies ant very easy to handle when it come to register in a tax office in any country etc The rest its good, the yearly expensives are not cheap
03-Jun-2014
The SFM staff is friendly and professional, I got very good personal care. Although in the beginning I had some difficulties to be assigned to a Corporate Service Officer afterwards everything was quick and smooth. I will continue to use their services and I will recommend their service to anybody interested in offshore services.
01-Jun-2014
I've had a very good experience with SFM Offshore. I've been client of them for 3 years now. They always answer my requests in 24 hours. Mehmet, Turkey
01-Jun-2014
despite that the provide the service at the end of the day, however, there is significant delay and lack of prompt communication from SFM side.
also i have notices that there is a lack of coronation between SFM members, i have been been asked several times to submit documents already at their end, simply because i'm dealing with different persons.
21-May-2014
Very professional team, particularly the legal counsel we have been dealt with, very sound compliance acumen.
15-May-2014
What I can say Mrs. Fattah was an exelent partner in what she was organising till the end.
Best Regards
Michael Schulz
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