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United Arab Emirates (UAE) Company Formation Frequently asked questions (FAQs)

1. What type of company in RAK?

The type of the company in RAK is International Business Company (IBC)

  • IBC refers to International Business Company
  • It is a company which does not conduct substantial business in its country of incorporation.
  • It is formulated in a tax free jurisdiction.
  • It legally minimizes any type of tax burdens.
  • It improves one's wealth management
2. Is there any requirement/regulations governing availability of names for the RAK Offshore companies?
RAK Offshore International Business Companies (IBC) must use the suffix Limited or Ltd. to denote limited liability.
3. What is the minimum paid up for the capital of company in RAK
The usual authorized capital of RAK company is 1,000 AED. But there is no minium paid up for the company
4. Is it possible to hold 100% share by a foreigner?
It is possibe. A foreigner can own 100% share of the company
5. How do I remain anonymous with RAK company?
All information, documents are strictly kept confidential. No one can find the company information online. Furthermore, we have nominee services which can help to keep your name out of all the paperwork.
6. How much corporation tax do I have to pay?
Rak Offshore IBC doesn’t pay taxes on profit and capital gains, No value-added tax, No withholding tax.
7. What a RAK Offshore company may and may not do?

It may have non UAE resident as director or shareholder.

It may have UAE resident as director or shareholder.

It may have corporate shareholder/corporate director

It does not require the shareholder/director to be physically present in the UAE for incorporation

It may hold shares in other UAE and worldwide companies.

It may maintain bank accounts and deposits in the UAE or worldwide.

It may own real estate in the UAE, with prior authorization from RAK Investment Authority.

It is not obliged to maintain its books and records.

It cannot have physical offices in the UAE.

It may not carry on business within the UAE.

It may not obtain UAE Residency Visa.

It may not do banking and insurance business without special license.

8. What are the main activities that a RAK Offshore company can hold inside and outside UAE?

Inside UAE

  • Holding Assets
  • Holding Bank Account
  • Property Owning (Freehold Areas)

Outside UAE

What are the main activities that a RAK Offshore company can hold Outside UAE?

  • General Trading
  • Consulting and Advisory Services
  • Holding Company
  • Property Owning
  • International business services
  • Professional Services
  • Shipping and ship management companies
9. How long it takes to set up a RAK Offshore company?
Usually It takes 2 working day to set up
10. What are the required documents to open a RAK Offshore company?

For RAK Incorporation, Offshore Company Corp requires to have:

  • Copy of Notarized Passport;
  • Bank Reference Letter - original required;
  • Copy of Notarized Proof of residence in Englih (Utility bill) and the issued date must not later than 3 months.
  • Notarized Spicemen Signature
  • CV/ Resume
11. After finish registration, what will I get?

After the company is formed, we will send you soft documents via email. After that, we will courier the hard document to you:

  • Certificate of Incorporation
  • Memorandum of Association (M&A)
  • Resolution appointing officers
  • Registered Office
  • Registered Agent
12. May I name my company as Corporation or Corp or Inc?
RAK Offshore International Business Companies (IBC) must use the suffix Limited or Ltd. to denote limited liability.
13. Are bearer shares allowed?
No, the bearer shares are not allowed in RAK IBC
14. Do I have to do accounting and auditing for RAK IBC?
No annual reports or accounts need to be filed. Accounts must be audited and accounts must be distributed to shareholders (but NOT filed with the authorities)
15. Ras Al Khaimah International Business Company - How it works?

How it works?

Ras Al Khaimah and Dubai International Business Company is for Offshore Company Status.

  • 100% foreign ownership, complete confidentiality
  • Possibility of business address, bank account in Dubai
  • A tax free and business friendly environment

RAK / Dubai IBC is perfect for

  • Holding Company
  • Advisory and Consulting Services
  • Financial Services Company
  • Investments and Joint Investments Company
  • Intellectual property
  • International Trading (outside of UAE)

Step 1 Preparation

Request FREE Company Name Search.

We check the eligibility of the name, and make suggestions if necessary.

Send your Required Documents scanned copies to us:

  1. Valid Passport
  2. Proof of Residential Address

After checking the documents, we will send you a proforma invoice for our service fees.

Step 2 Making Payment for your Order

We accept payments by Credit/Debit Card Visa Master American, Paypal Paypal or Wire Transfer to our bank accounts HSBC bank(we support multiple currencies with many banks around the world) (Payment Guidelines).

Step 3 Incorporation

We prepare the incorporation forms of your proposed company for you to sign (we will need your company’ structure, initial share capital information…etc).

Step 3Confidently starting your business

We will notify you when the company is incorporated and send you the company documents’ soft copies first. All of the RAK Company / Dubai Company Documents will be couriered to your desired shipping address by express (TNT, DHL or UPS etc.).

16. What is the due date of RAK IBC?
The renewal date of RAK IBC is the anniversary date
17. If I want to increase the share capital later, how can I do that?

As the requirement from the Registry, We will prepare the following forms and let you to sign it:

  • Shareholder’s resolution mentioning the increase of share capital.
  • 3 set of the Amendment to the MOA’s form signed by the shareholder
  • You need to courier the original MOA to the authority for the amendment
18. After set up a new company, I want to have some additional documents such as Certificate of Incumbency, Certificate of Good Standing. What should I do?

We, the registered agent, can help you to issue those additional documents

  • Certificate of Incumbency
  • Certificate of Good Standing
  • Any additional documents

About Us

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