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Ras Al Khaimah, one of the seven emirates of the United Arab Emirates, is located approximately 100 kilometers northeast of Dubai and is the northernmost emirate in the UAE. With a low cost of living, the emerging emirate also has affordable properties, world class hospitality projects and easy access to other emirates, making it a preferred choice among families, business owners, and foreign investors.
Established in 2000, Ras Al Khaimah Free Trade Zone (RAK FTZ) is one of the
fastest-growing free trade zones in the UAE offering a gateway to emerging markets with over 8,000 registered companies from 106 countries and 50 industry sectors. With its reputation for affordability, flexibility and broad geographical reach, RAK Free Trade Zone is
rapidly emerging as the
preferred business hub in the region, from which investors, of all origins and industries, can easily access and branch into the emerging markets.
Under International Companies Regulation 2006, RAK FTZ Authority introduced establishment with one new concept - Offshore Company formation. RAK International Companies are
flexible and can
serve many objectives: trading operations, asset protection, tax planning, holding companies, etc.
Other advantages are:
- 100% foreign ownership is permitted
- No physical presence of the shareholder/director in UAE required for incorporation
- No minimum capital required
- All shares must be fully paid when allotted, and bearer shares can be issued to the extent permitted by Regulations
- Registered office maintained in the Zone by IBC or in the Zone or in the UAE by its registered agent
- There is no requirement to deposit the capital in bank
- Minimum of one shareholder is required. Corporate shareholders are permitted
- Minimum one Directors is required.
- Offshore company should have a Secretary who may also be a Director of the company
- No residence visa can be issued
- No annual reports or accounts need to be filed with the authorities
- An efficient regulatory regime with total exemption on taxes and duty
- Flexibility to open a corporate bank account in UAE
- A registered agent is required to be appointed by the Company from the approved list of registered agents maintained by RAK FTZ Authority
