Why to Incorporate in Ras-al-Khaimah

Ras al-Khaimah is one of the Persian Gulf Arab sheikhdoms forming the United Arab Emirates (UAE). The Ras Al Khaimah Government introduced legislation in 2006 permitting the establishment of International Companies (IC's). This is only the second Free-Zone within the UAE that permits the incorporation of such entities. IC's incorporated under the International Companies Regulations 2006 are relatively quick and easy to set up, in-expensive to incorporate and manage when compared to alternative jurisdictions and offer all the advantages of standard offshore structures in the more established jurisdictions such as BVI and Cayman Islands. IC's can only be incorporated by Registered Agents such as Alpha Management Limited. 

As a White List Jurisdiction, RAK gives the protection and kudos of a having a Company registered in an OECD approved jurisdiction whilst still offering the benefits and advantages of zero tax.

RAK International Business Companies (IBC’s) are also known as RAK ‘Offshore’ Companies. RAK maintains a Free Trade Zone in which international business can be conducted free of local taxes and regulations. These companies are similar to British Virgin Islands IBCs but offer the security of being on the ‘White List’ (the BVI is a ‘Grey List’ jurisdiction).They are allowed to have their Agent and Registered Office anywhere within the UAE.

These companies are extremely flexible international instruments that can serve many objectives: trading operations, asset protection, tax planning, real estate, holding, trusts, funds etc.

They require a symbolic capital and only one director and shareholder. They can hold board meetings anywhere on the planet and the identity of their shareholders are kept confidential by law, unless there is suspicion of criminal activity by the RAK and UAE regulatory bodies.

The cost of creation of such IBCs and the yearly renewal fee are minimal. International Business Companies registered in RAK offshore can bear the status of Ltd.

Advantages of Incorporating in RAK:-

• RAK company registration is an excellent alternative corporate structure to Dubai free zone company formation, with faster incorporation procedures and a wide choice of office and warehousing facilities.

• 100% income tax, corporation tax and capital gains tax exemptions.

• 100% foreign ownership is permitted if the investor opts to set up a company in RAK Free Trade Zone. RAK Free Zone Company is highly regulated and has a wide choice of office and warehouse facilities.

• Through an RAK offshore company, it is possible to have an entity and business address without the legal requirement to rent a physical office and employ staff

• Through a branch company, investors can wholly own the entity and not be subject to an annual audit.

• RAK is strategically located close to the Straits of Hormuz and only 40 minutes away from the center of Dubai.

• Investors can take advantage of abundant supplies of competitively priced energy.

• Ras Al Khaimah is one of the fastest growing emirates in the UAE. Its booming economy and proximity to other major international centres like Dubai has attracted hundreds of large, medium and small business from every part of the world.

Global Company Formation UK Ltd

Suit 6-Westward House

Glebeland Road Camberley

Surrey, GU15 3DB

Tel: 02079935929

E  :info@globalcompanyformation.co.uk

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Welcome to Global Company Formation

We offer formation advice to start up business globally. We advise you of the mode of start up like limited company, partnership, sole trader, trust and which is more suitable to your business. Our professional team consists of Lawyers, Chartered Accountants & Business Consultants in all major jurisdictions across the globe. We guide you to the country of formation on the basis your domicile status, double taxation agreement, international plan and repatriation rule of the each country. Now you can form your business anywhere in the world with us and we care your business.

Mathew Stephen FCA, AAIA, CeFA

Mathew Stephen is the founder Director of Global Accountancy Services. He is a qualified accountant from the Association of International Accountants in the UK and the Institute of Chartered Accountants of India. He is also one of the partners of international Chartered Accountants firm P. Parikh & Associates. He has 20 years’ experience in accounts, business consultancy, taxation & statutory audit. He is also a UK Independent Financial Advisor (IFA) and CeFA qualified at the IFS School of Finance.

He has won the Online Technology Award in two consecutive years, 2011 and 2012, from the Tenet Network. He specialises in Global Company Formation, International Taxation and also as Corporate Protection Advisor to the directors of Limited Companies.