Brief Overview

Ras Al Khaimah (RAK) is one of seven emirates of the United Arab Emirates (UAE). Located in the southern part of the Persian Gulf about (62 miles) north-east of Dubai, It introduced legislation in 2006 the RAK Government allowing to set up offshore International Companies (IC’s). It’s the second Free Zone among the UAE to allow the incorporation of these entities. IC’s included under these regulations are comparatively quick and easy to establish, affordable to incorporate and manage and they offer all the advantages of standard offshore structures as seen in the British Virgin Islands or Cayman Islands. IC’s in Dubai or RAK is only incorporable through registered agents. An International Business Company in RAK conducts international business; own real estate in the UAE, and to maintain bank accounts and much more.

Application Process

Company Formation in Dubai takes about 48 hours to be completed in combination with opening a bank account. RAK offers complete banking privacy with 0 restrictions on repatriation of capital. In order to stream-line the application process, provide all required documentation and let the professionals expedite the registered incorporation. The documents must be in the English language or accompanied by an English notarized translation.

Documents Required

  • A notarized color copy of a valid passport (one copy for each Shareholder, Director, Beneficial Owner, or Authorized Signatory)
  • A residential address proof dated between last 3 months (a utility bill: one copy for each Shareholder, Director, Beneficial Owner, or Authorized Signatory)
  • A notarized copy of a reference from the bank (for each Shareholder, Director, Beneficial Owner, Authorized Signatory)
  • A small Curriculum Vitae (CV) (for each Director and Shareholder)
  • If Shareholders and/or directors are authorized entities, submitting a full set of certified company documents is necessary. If the company has been operating over a year, a certificate of Good Standing must be given.
  • Submission of three different company names for preference
  • Any paid-up capital

Timeframe

It takes around 2-3 days from the moment we receive your documents for the offshore registration of a company in RAK.