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Ras al Khaimah offshore

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Ras al Khaimah is an Emirate and sheikdom in the Persian Gulf, ruled by Emir Saud Bis Saqr Al Qasimi. It forms part of the United Arab Emirates (UAE) – a federation of seven emirates. The other emirates are: Abu Dhabi, Ajman, Dubai, Fujairah, Sharjah, Ras al Khaimah (RAK) and Umm al-Quwain.

Ras al Khaimah allows foreign ownership of an offshore company. For this reason, no UAE national as shareholder or sponsor is necessary. Offshore companies in Ras al Khaimah are exempt from all corporate and income taxes. Full repatriation of the offshore company profits and capital is allowed. AED 2,000 annual tax (550 USD)

RAK offshore company formation provides a businessman with total banking security and privacy. RAK offshore is the fastest way to invest in offshore companies in the UAE. Ras Al Khaimah Investment Authority (RAKIA) is the governing body, and RAK offshore companies are regulated under the RAK Offshore Regulations 2006.

The benefits of an offshore company in the United Arab Emirates are that the state is white-listed, sovereign and an international platform for trading, consulting and commerce.

Documents required to open a company in RAK offshore

  • Passport copy
  • A bank reference letter addressed to RAK authority
  • 6 months bank statement
  • Residence proof or any utility bill
  • Curriculum vitae of investor
Documents required to open a company in RAK offshore