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Ras Al Khaimah (UAE) Offshore Company Registration - Business Setup

More Information

5 simple steps are needed to register an offshore company in RAK (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, UAE Offshore Banking Options

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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.
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 a RAK Offshore 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, 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.**






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).


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* 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

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Overall Rating
96% Customer satisfaction rate, testimonials verified by Feefo.com
08-Mar-2021
Great service.
05-Mar-2021
Very professional and eager to help.
04-Mar-2021
Profesionalidad y dedicación. Excelente comunicación
03-Mar-2021
Excellent service though the long duration of the process.
Nelvina was showing great patience . Thank you Nelvina THANK YOU
01-Mar-2021
SFM have been super helpful and professional, I will keep using them long term. Many thanks.
01-Mar-2021
Myriam provided a 5 star customer service, timely responses, full information and excellent help. Among all companies I have used to incorporate SFM is the best by a mile.
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