RAK Company main characteristics:
|International Business Company (IBC)|
|The RAK Investment Authority is the governing authority and companies are regulated under the RAK Offshore Regulations 2006.|
|There is no public register of company officers. No name should be disclosed upon incorporation.
|RAK offers complete anonymity and privacy as well as protection of any other information or assets.|
|No accounting / reporting requirements.|
|No corporate taxes of any sort.|
|Modern offshore legislation.|
|100% foreign ownership is allowed, no requirement to have a local partner.|
|Efficient communication means.|
|Convenient world time zone: GMT+4|
|No paid up capital requirement.|
|Minimum of 1 director/shareholder.|
|Bearer shares are not permitted.|
DOCUMENTS REQUIRED FOR THE CREATION OF THE COMPANY
A certified copy of your passport, proof of domicile dated less than three months and a letter of reference from your bank or 3 months stamped bank statement.
General information on Ras Al KhaimahRas Al Khaimah (RAK) is one of the seven emirates of the United Arab Emirates and can be found about 100 km north-east from Dubai in the southern part of the Persian Gulf.
Formerly known for the building of ships and commercial activities in the maritime sector, it is now better known for its industrial sector.
RAK is the largest producer of cement in the UAE and the world’s largest producer in ceramics. A lot of interest has gone towards the financial and investment sector in RAK due to new legislation and regulations adopted by the authorities; this in turn has led to interesting business and investment opportunities for individuals and companies worldwide.
An International Business Company in RAK can conduct business internationally, own real estate in the UAE, be used as a trading vehicle, maintain bank accounts and much more. Company registration in RAK takes about 48 hours to be completed.