Open Your Onshore Company In Ras Al Khaimah Within A Couple Of Days !

1. Onshore company in Ras Al Khaimah provides a combination of cost-efficiency with the possibility to do local and international business.
2. Onshore Ras Al Khaimah company is permitted to do practically all types of activities in UAE and abroad.
3. The taxation benefits of this company are clear and obvious as, being UAE resident company, it does not loose its tax free benefits.
4. Apart of tax advantages such company gives the possibility to receive residency visas in UAE.
5. If you need to open real business in UAE - such onshore company is also a prefect solution as Ras Al Khaimah offers very cost- attractive options for diverse business facilities.
6. Once you send us your request one of our staff members would send you reply which would follow within 24 hours.

Overview of the main characteristics of RAK onshore company

Onshore companies are provided with different benefits and advantages on the territory of Ras Al Khaimah Free Trade Zone, in particular:

• No corporate taxation;
• No VAT;
• Absence of requirements as to the directors / shareholders' citizenship and residency;
• Complete absence of currency exchange regulation;
• Possibility of 100% company ownership by foreign nationals;
• Possibility of complete repatriation of capital and profits;
• Stable economy;
• Supportive business environment.

Owners and employees have an opportunity to obtain residency visas via an onshore company.

The operation of the onshore companies is facilitated owing to the availability of Double Taxation Treaties between the UAE and more than 50 countries, under the condition of fulfilling the requirements of the agreement.

Besides, the main feature of an onshore company, as opposed to the offshore companies, is that this company can carry on business both within and outside the territory of the UAE.

Formation of an onshore company and the procedure of obtaining the appropriate business license presumes the submission of the following documentation:

• Copies of the passports;
• CV containing the information about the available educational and professional qualifications;
• Outline of a business plan (applies for only in some cases);
• Utility bills (dated not later than 3 months ago);
• Letter of recommendation from another banking establishment;
• Bank statement (containing information about the past 3-6 months).

An onshore company provides the best conditions for both carrying on business within the UAE and outside and for obtaining the residency visas in the UAE.