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How it Works?

1 minute video
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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 the 30th of September 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.
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


Did you know that a $10K investment can get you a tax-free company and residency in Dubai ?

30 July 2018
Due to recent legislative changes and increased compliance with international tax avoidance regulations, Dubai is no longer just a viable option for incorporating a new business. In fact, compared to others and due to these recent developments, it is fast becoming the destination of choice. [..]
Continue reading

Changes to UAE Policies on Business Ownership and Residency

28 June 2018
The United Arab Emirates, which previously did not allow 100% ownership of foreign business entities or long residency, recently changed both policies. In a move that’s delighted business leaders right across the board, the country’s cabinet announced the changes would come into effect at the end of the year. [..]
Continue reading

Just Announced: 100% Ownership for Dubai Entrepreneurs

21 March 2018
The Emirate is always looking for ways to improve Dubai’s national and international standing. Now, The Dubai Entrepreneurs Academy (SME) has opened up opportunities for students and entrepreneurs to come up with novel ideas to drive forward business innovation. What’s more, 100% ownership is guaranteed through the new SME Business Incubator License.[..]
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
24-Feb-2021
Straight forward process, Great support from the account manager, and fast execution.
24-Feb-2021
Myriam at SFM helped me find the most suitable option for me at creating an offshore company. I have received all the original documents and still they are providing a great after sales service.

From my experience, SFM service is recommend.
04-Jan-2021
L'ouverture a été très facile et mon interlocuteur très disponible. J'ai recommandé vos services à mon associé qui va ouvrir une société dans les prochains jours avec vous. Seul bémol le temps entre le paiement et la finalisation de la société est plus de 4/6 semaines que de 2/3 jours comme annoncé, mais ce n'est pas grave car le temps annoncé est ridicule donc il n'est pas étonnant que ce ne soit pas respecté.
30-Dec-2020
Bom mas demorado
04-Nov-2020
100% professional feedback, full transparency, good fees.
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 :)
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