5 simple steps are needed to incorporate your company in RAK (UAE)
Company Formation in RAK: Benefits & Tax Advantages
- RAK is the most popular and cost-effective jurisdiction in the United Arab Emirates.
- 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.
- International Offshore Companies established in RAKICC (RAK) can take advantage of its various tax incentives.
- Efficient registration process with minimal documentation requirements.
- Strategic location with excellent infrastructure and global transportation connections.
- Business-friendly legislation that supports companies incorporating in RAKICC (RAK).
- International Offshore Companies established in RAKICC (RAK) can be used as Holding Companies to hold various assets, shares in other companies or even properties in Dubai or internationally.
Company Formation in RAK: Types & Criteria
Main Characteristics of a Ras Al Khaimah (UAE) Offshore Company
However, the company must maintain its underlying documentation, including accounting records, for a minimum of 7 years following the end of the relevant period.
RAK Offshore Company, ideal for:
** 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.
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Mrs. Madina is great. REally helpful
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Brilliant assistance, always swift and professional replies, generally speaking... happy with SFM
I was particularly well received by Christelle, the Managing Partner of the Dubai branch. SFM demonstrated great agility in their quotation process, which was crucial as I was leading a nascent structure in Dubai. The support provided during the administrative procedures for establishing my company in the UAE, along with the responsiveness of the service—especially from one of their team members, Oksana—truly reassured me and gave me confidence during a stressful period of establishing a professional presence abroad. I highly recommend SFM to any professional looking to set up in the UAE or even just to benefit from their advice.
The service renderade was proactive, engaged and well excecuted.
Understanding the Restrictions on the Business Activities of a RAK ICC Company
While RAK ICC Offshore companies are not permitted to conduct activities within the UAE, Ras Al Khaimah company formation encompasses most types of international businesses. They can even hold real estate property in Dubai. That said, some business activities are recorded as “High Risk” and, therefore, off limits. Meanwhile, some are strictly prohibited.
Prohibited Activities:
- Insurance
- Banking
- Fund management
- Gambling
- Non-profit organisations and charities
High-Risk Activities:
- Mining
- Gold and diamond trade
- Petroleum and crude oil trade
- Trusts
- Luxury goods trading
- Defence industry activities
- Cryptocurrencies
- Lending services
Which Activities Can a RAK ICC Company Conduct?
The activities your RAK ICC can conduct include (but are not limited to):
- International logistics and services
- International trade (outside the UAE)
- Project development
- Shareholding
- Patent holding and other intellectual property
What Are the Different Types of Companies Foreigners Can Set Up in RAK?
For your Ras Al Khaimah company formation, various structure options are available. Your choice will depend on your specific situation.
Limited Liability Company (LLC)
This is one of the most widely used types of registration options among small and medium-sized businesses. This structure permits 100% foreign ownership and requires one shareholder whose liability is limited to their acquisition.
Free Zone Company
Free Zone Establishments (FZE) with a single shareholder and Free Zone Companies (FZCO) with several shareholders enjoy the tax immunities and other advantages that come with operating within the designated UAE Free Zones.
Offshore Company
If you only wish to operate outside the UAE, an Offshore Company in Ras Al Khaimah will allow you to run your business with minimal reporting and accounting obligations while enjoying significant tax benefits.
Branch of a Foreign Company
Foreign companies may establish a branch office in Ras Al Khaimah to conduct similar activities there. Note that the branch’s legal identity will be indifferent from the parent company and subject to the rules of its jurisdiction.
Sole Proprietorship
Ideal for solo entrepreneurs, this structure can be run by a single person and for a specific domain of expertise (professional activity).