RAK Company, United Arab Emirates

RAK Emirate is the successful model of growth, supported by industrial, infrastructure, tourism and other investments.

Ras Al Khaimah is the ambitious Emirate always surprising new visitors and investors. It is one of the most favorable places for business - in the UAE. As per local authority’s statistical data, there has been a considerable growth in the number of business licenses issued by Free Zone for different types of onshore companies, which is really the indicator of constant growth of the Emirate and its economy. For further increase of business activities and attractiveness of Emirate, the government is aimed at further development of air connections between Ras Al Khaimah and other part of the globe.

There are a few things you need to keep in mind when you decide to set up an offshore company in Ras Al Khaimah and open a bank account for this company type, including other additional services you might need.

There are lots of benefits investors enjoy when they make up their minds to set up/ incorporate an offshore company RAK ICC in Ras Al Khaimah. Such benefits are:

RAK onshore company registration is like a gilt-edged opportunity to grow your business above and beyond! Onshore company is the company registered in one of free trade zones and is an effective tool for business purposes. The huge advantage and prerogative of RAK onshore companies is that they can have a real office on the territory of the Free Zone, can operate from within the UAE and shareholders/directors and their family members may obtain UAE resident visas. Besides, they can have a status of a tax resident, since these questions is acute nowadays.

The UAE banking sector has proved its ability to deal with challenges and has succeeded in managing and surviving a series of crises while being able to meet international standards at all levels through latest developments and techniques.

The UAE Banks Federation annual report highlighted the good performance of banks and apparent growth in almost all indicators, reflected in achieving a liquidity, a strong reserve base and a high capital adequacy ratio. The UAE banking sector remains the Arab world's largest in terms of assets.

Why do I apply for RAK / Ras Al Khaimah resident visa?

Main advantages

• Long-term residency in the UAE is possible through applying for a resident visa;
• The resident visa gives an opportunity to work, live or continuously visit Dubai for its majestic beauty;
• There are no limitations on the directors'/shareholders' citizenship in terms of obtaining a resident visa.

Additionally, the resident visa granted to dependents of foreign nationals. No quota system is imposed on immigration into the UAE.

1. The RAK free trade zone offshore companies are registered in the RAK ICC (RAK International Corporate Center). The customers communication with such registrar can be done over the Registrar registered agents only.
2. The RAK offshore international business companies can be incorporated in the UAE to conduct the legal business only. Within the RAK offshore incorporation the following data shall be provided:
   • The name of the IBC Company, which may end with, the word "Limited" or "Incorporated" or the abbreviation "Ltd." or "Inc.";
   • The address of the Free Trade Zone International offshore Company's registered office;
   • The nature of the RAK ICC business to be conducted. It shall be sufficient to state that the purpose of the RAK International offshore Company is to engage in any lawful act or activity for which they may be organized under these Regulations;
   • The amount of share capital, which the Ras Al Khaimah ICC Company proposes to be registered, and its division into shares of a fixed amount;
   • The full names and address of each of the incorporators and (if they are different) the persons who are to serve as directors.