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Thursday, July 12, 2012

Ras Al Khaimah Offshore Company Formation

Ras Al Khaimah Offshore Company Formation

Parallel to the concept of offshore company, the Ras Al Khaimah Free Trade Zone
Authorities (RAK) have laid down the regulations to incorporate International Companies in
the Ras Al Khaimah Free Trade Zone (RAKFTZ). The regulation prescribes that the
incorporation of the International Company shall be through a registered agent.
The firms of accountants and lawyers approved and licensed for that purpose by the RAKFTZ
are permitted to provide services to clients for registering International companies,
registered office and for acting as the agents for the companies.

Salient features of the International Company are:

• Companies will have a limited liability status and the possible name suffixes are
   “Limited” or “Incorporated” or their abbreviations “Ltd” o  “Inc”.
• No minimum capital requirement
• Requirement to have an approved registered agent either within the Free Zone
   or in the Emirate of Dubai
• Requirement to appoint shareholder, Directors, Manager and Secretary.
• Bearer shares are permitted. However, the bearer shareholding is permitted with a restriction that
 it shall be held by the registered agent acting as a nominee on behalf of the beneficial shareholder. The beneficial shareholders details and any change thereof would be required
to be furnished to the RAKFTZ.
• Shares can be of different classes.
• Provision for the shareholders/members to apply the inheritance law of their choice.
• No personal or corporate income tax
• No requirement to have the accounts audited on an annual basis.
        International companies are allowed to:
• Have contacts with legal consultants, lawyers, accountants and auditors
• Have bank account in the UAE
• Become shareholders in a new or existing Free Zone Entities or an LLC
  Hold shareholders and directors meeting within the UAE
• Carry out International Trading
         International companies are not allowed to:
• Carry on business with persons resident in the UAE
• Carry on a banking business
• Carry on business as an insurance or re-insurance company, insurance agents or
  Insurance brokers
• Carry on any other business which may, by regulations be prohibited by the authorities
In short to attract investments of expertise and capital, the governments of the individual
Emirates seek to provide an attractive business environment. The following are some of
the principle features of the economic and business environment in the UAE:
   A virtual absence of taxation.

• Excellent communications systems.
• A well-structured financial sector with no exchange control regulations.
• A coordinated infrastructure that provides all essential utilities to the major centers.
• Free Trade Zones that ensure ease of registration and efficient operating facilities.
• An attractive social environment, including modern educational, medical and
  recreational facilities.
• Liberation of property ownership, which is one of the factors contributing to the UAE’s
   booming property market.

The Government’s far-sighted planning and fast execution of projects have led to the
most phenomenal development in the second half of the last century - the rise of a city,
the emergence of a new economy.

For More Details
Regarding Business Consulting
And Free zone Assistance contact me

Senior Business Consultant
Dubai o  Abu Dhabi o Bahamas o Budapest  
Headquarters: Dubai
Office 2A, Ground Floor, Building No.6
Gold & Diamond Park
PO Box 183827, Dubai, UAE
Phone   : +971 4 341 9701 Ext: 150
Fax         : +971 4 341 9702
Mobile  : +971 050 7141 665
Skype   :  faisalibrahim786
Email    :
Web      :

Contact for any assistance regarding the same: Faisal Ibrahim Mobile: 971 55 2419200 ADAM SME consultant 2A, Ground Floor, Building No.6, Gold & Diamond Park P.O. Box:- 183827, Dubai, U.A.E. Fax: 971 4 341 9702 Mobile: 971 55 2419200 Email : Web: ISO 9001:2008 NO: ME/08/1147 ADAM Consulting as ADAM advisors


Peter McQuinzy said...

This project looks like a giant taking over. I have heard about Dubai Offshore Company who Set Up Business In Dubai and was very much impressed but after reading this article, I am getting more inspired.
I hope companies like these can make unemployment from this world vanish.
Best of Luck!

uae offshore said...

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aparna john said...

Hi,The financial services sector is becoming a more and more important part of Qatar's economy as they are starting company formation in Qatar to become an economic hub of the region.Thanks.....

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Anonymous said...

Entry offshore companies are bacillary in tax shelter status countries e.g. Ras Al Khaimah, UAE, to tap efficient opportunities in separate countries, bask less restrictions and the socialised laws free in offshore destinations. The countries or jurisdictions where society offshore enrolment is through are commonly identified as offshore jurisdictions.Unremarkably rak offshore company registration and other offshore jurisdictions support offshore incorporation to strengthen their financial facet as a star use region, and thus create business opportunities for their citizens. So tax concessions and the reformist operating laws offered to accompany offshore incoming much as in RAK, are ordinarily provided by nonindustrial countries which aim to better speedily.

Muhammad Asif said...

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