RAK Offshore

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RAS AL KHAIMAH (RAK OFFSHORE)

Registered Agents

 
 

Oxford Management is a registered agent of RAK and provides incorporation, management and nominee services for RAK entities. For professional assistance you may contact our corporate department at This e-mail address is being protected from spambots. You need JavaScript enabled to view it

 
 

Location

RAK is strategically located at the northern end of the Arabian Gulf coastline. It is part of the UAE which is amongst the most financial and politically stable countries in the world. It is 45 minutes drive from Dubai and shares mountain border with the Sultanate of Oman.

RAKIA

The RAK Investments Authority (RAKIA) was founded following the Emiri Decree No. 2/ 2005 issued by H.H Sheikh Saqr Bin Mohammed Al Qasimi, the Crown Prince and deputy ruler of Ras Al Khaimah. RAKIA was developed in order to enhance the industrial and business opportunities and comprehend a long-term strategy for the socioeconomic development of the emirates. Since its establishment more than 2000 offshore companies have been formed.

ADVANTAGES

  • 100% foreign ownership
  • 100% of capital and profit repatriation
  • Zero percent income, personal and corporate tax
  • No financial reporting and audit
  • No need for client’s presence.
  • No requirement for local director and officers
  • Νο disclosure of beneficial owner to Authorities. Only to registered agent.

RAK OFFSHORE COMPANY FORMATION

Once all documents are received at our office Incorporation can be completed within three working days.

Documents required:

Individuals

Passport copy of beneficial owner

Bank reference letter

Proof of residence (utility bill)

Corporate

Full set of company documents apostiled

Passport copy, bank reference, utility bill of director(s), shareholder(s), secretary (ies).

If any of the director(s), secretary (ies) or shareholder(s) is a corporate entity we need full set of documents of that entity and the same documents for the officers and shareholders.

TAXATION

RAK companies are exempt from all taxes on income and wealth.

DIRECTORS

The International Company must have at least one director. We provide nominee services.

SECRETARY

There must be a secretary. The company director can serve as the secretary. We provide the secretary.

SHAREHOLDER

The company must have at least one shareholder. They may be individuals or corporate entities. No restriction on residence and nationality. We provide nominee services.

REGISTERED OFFICE AND REGISTERED AGENT

As registered agent shall provide a registered office address for the company which shall be the company’s address of record with the authorities and for correspondence.

SHARE CAPITAL

Share capital may be in USD. No minimum capital requirement for International company. e.g. 1000 USD. Share capital must be paid up but there is no requirement to submit documentary proof of payment to the registrar. 

ANNUAL REQUIREMENTS

An international company is required to pay the license fee before the relevant day of its incorporation to remain in good standing.  

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