Offshore UAE – Ras Al Khaimah (RAK)
Benefits of RAK Offshore Company:
Bank account for RAK offshore company: Euro Pacific Bank, Belize Bank International, Pacific Private Bank, Atlantic International Bank.
RAK offshore company registration in 5 steps:
STEP 1: Place your order
STEP 2: Pay the fee for RAK offshore company formation
STEP 3: Our Project Manager contacts you and requests that you send the necesary documents
STEP 4: You receive foundation documents from us
STEP 5: You are able to start your business
Customer satisfaction rate:
Documents required for RAK offshore company formation: certified copy of passport or ID card, proof of address (not older than three months).
No reporting requirements. No dealing with a costly annual audits like in most other jurisdictions.
UAE – RAK Offshore Company:
Legal form
IBC
Duration of establishment
1 – 2 days
Register of executives
Not publicly accessible
Register of shareholders
Not publicly accessible
Registered capital
0 USD (1000 USD usually)
Minimum paid-up capital
1 USD
Minimum number of shareholders
1 / same person
Minimum number of executives
1 / same person
Non-residents allowed as executives / NP
Yes / Yes
Bearer shares / registered shares allowed
No / Yes
Registered agent / seat required
Yes / Yes
Local company secretary required
No
Local General Assembly required
No (anywhere in the world)
Submission of financial statements
Yes
Submission of annual reports
No
Mandatory audit
No
Required tax return
No
Taxation of company income
No
About Offshore UAE – RAK
Sometimes called the Emirates or the UAE, and established in 1971, the country is a federation of seven emirates. The constituent autonomous emirates are Abu Dhabi (which serves as the capital), Ajman, Dubai, Fujairah, Umm al-Quwain, Sharjah and finally Ras al-Khaimah – abbreviated to RAK. Each emirate is governed by an absolute monarch who jointly form the Federal Supreme Council.