RAK Investment Authority (RAKIA)

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RAK Registered Agent - RAKIA Offshore Company Set UpRAKIA Offshore was established by the Ras Al Khaimah Investment Authority (RAKIA), to address the global demand for a safe, secure and discrete jurisdiction for the incorporation of International Business Companies (IBCs), while raising the profile of the Emirate of Ras Al Khaimah as a premier destination for investment.

A crucial feature of RAKIA Offshore is that it offers complete privacy and confidentiality through a closed book register; owners of IBCs are kept confidential, ensuring a highly advantageous business environment for both individual and corporate investors. RAKIA is not a dependent or 'overseas' territory of another country and as such it is not sharing or reporting information to any overseas 'principal' or organization. Ras Al Khaimah is not subject to the EU Savings Tax Directive, unlike some other offshore tax havens related to the EU member states. Business Setup Consultants can assist you with getting a RAK offshore company in UAE. With RAK offshore comany, you can open a company bank account in the UAE.

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ADVANTAGES OF RAKIA OFFSHORE COMPANY

  • 100% tax free in UAE (no corporate tax, no income tax, no VAT)
  • 100% expat ownership
  • No local sponsor required
  • No NOC (no objection certificate) is required in case of employment in the UAE or other GCC states
  • Discreet (RAKIA Offshore has a closed register and is not a signatory to any information exchange with national tax authorities unlike European or UK overseas territories)
  • Minimum capital of the company is 10,000 AED with 10,000 shares of each 1 AED value – the paid up capital doesn´t have to be shown to the authorities
  • One person can set up a RAKIA Offshore Company as a sole shareholder, director and secretary of the company
  • Can be registered remotely (JAFZA Offshore requires presence of min. 2 directors).
  • No physical presence required in UAE
  • Speedy company registration in 2 working day once all documents are provided
  • You may open a corporate bank account in the UAE in a variety of major foreign currencies. Please note that for bank account opening, you are required to come to the UAE as deemed necessary by the Central Bank Regulation on corporate account procedures
  • No annual audit is required
  • UAE is not on the OECD 'blacklist' of tax havens nor the FATF blacklist

Important Note: Residence visas cannot be obtained under the company and you may not conduct business within the United Arab Emirates.

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