Ras Al Khaimah (RAK) is the northernmost emirate of the United Arab Emirates. It’s known for its Arabian Gulf beaches. In the capital city of the same name, the National Museum of Ras Al Khaimah occupies a centuries-old fort. The museum features regional history and archaeological exhibits. Nearby is the large, traditional Mohammed bin Salem Mosque. Northeast, the mountaintop Dhayah Fort dates from the 19th century. Companies registered in RAK may only trade outside the UAE and are not permitted to have real office space in UAE.
Country: United Arab Emirates
Population: 9.2 million
Capital: Abu Dhabi
Language: Arabic is the official language though English is the most spoken language.
RAK Offshore Company Formation £1995.00 + Vat
Request Callback
Enter your contact information below and someone will be in touch
| Services Included | Year 1 | Year 2 onwards |
|---|---|---|
| Incorporation | ||
| Corporate Structuring | ||
| Government Tax | $550 | |
| Corporate Domicile | £1400 | |
| Accounting Data Address | Optional Extra | |
| Director & Nominee Service | Optional Extra | Optional Extra |
| Estimated renewal costs in year two: £3,225.00 (includes the fee for the Economic Substance Statement) |
Details of International Business Company (offshore in RAK):
- Permitted to have only one subscriber and thereafter only one shareholder.
- Permitted to have only one director, who must be an individual.
- Director and shareholder need not be local resident.
- Meetings of directors or shareholders may be held in any country.
- No restriction on residency and citizenships of directors and shareholders.
- Absolute confidentiality – no public access to the companies registry.
- Share capital AED1000 – no requirement to pay.
- Can have bank account in UAE.
- All company documents in English.
- UAE Corporate Tax – All Companies in UAE must Register for Corporate Tax. We will contact you following formation to advise on the applicable fees for the application. Corporate Tax Returns must be filed within 9 months of the end of the financial period. The Corporate Tax Rates are 0% on taxable income up to AED 375,000.00 and 9% on taxable income exceeding AED 375,000.00.
Requirements to Form a RAK IBC:
In order to incorporate your RAK, these are the steps that must be followed;
- Meet the Anti Money Laundering Requirements – In order to meet Anti Money Laundering Requirements you will need to provide a certified copy of the passport and current utility bill of each of the owners and shareholders. This is required even if you are using our Nominee Service.
- Documents are issued to you – Once the company has been incorporated, you will be issued with all of the Certificate of Incorporation, Memorandum and Articles of Association, Share Certificates and all other company documents as required by Law. These documents can then be used to open a bank account for the company.
Please note that information given on this page is subject to change at any time without notice as a consequence of changes made in local legislation.
Banks
A member of the banking team will be able to advise on the most suitable offshore bank account.