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Start your business journey with RAK Offshore Company Formation
Experience hassle-free company set-up with our expert guidance.
Contact us today to secure your offshore success!
Who We’ve Worked With
RAK Offshore Company A Cost-Effective International Business Setup
A RAK offshore company, registered under the RAK ICC in Ras Al Khaimah, is a popular and affordable option for international business activities. While it cannot operate within the UAE, it can hold a UAE bank account and own property in Dubai. It’s currently one of the most economical ways to establish an offshore presence in the region.
Who This Service Is For
International consultants and freelancers
Invoice global clients, hold IP, and separate business income from personal finances
International traders and holding companies
Manage assets, investments, or subsidiaries across countries without needing to trade physically in the UAE
Investors and entrepreneurs
Want UAE-based asset protection, confidentiality, and a corporate bank account without local operations
Individuals holding property or investments in Dubai
Use a corporate structure to own real estate or other assets
Cost-conscious businesses with purely international activities
Benefit from no audit requirement, no minimum capital, and low setup and maintenance costs
Note: A RAK offshore company cannot trade or operate physically within the UAE mainland. Businesses needing UAE-based operations should consider a mainland or free zone license instead.
Benefits of RAK Offshore Company Formation
1. Tax Advantages
No corporate or personal income taxes apply.
2. 100% Foreign Ownership
Complete ownership without the need for a local partner.
3. Privacy & Confidentiality
Shareholder and company details remain confidential.
4. No Audit Requirement
No need to file annual audits or financial reports.
5. Cost-Effective Setup
Low incorporation and ongoing maintenance expenses.
6. Easy Incorporation Process
Quick registration with minimal administrative hassle.
7. Flexible Banking Options
Open business accounts in UAE or international banks.
8. Paid Up Capital Requirement
No paid-up capital is required; share capital is flexible and adjustable.
Set Up Your RAK Offshore Company, Start to Finish
We handle paperwork, approvals, and banking, so you can go live without delays.
Documents Required for RAK Offshore Company Incorporation
For Individual Directors and Shareholders
- Certified passport copy
- Proof of residential address (utility bill or bank statement, not older than 3 months)
- Bank reference letter or bank statements for the last six months
- Updated CV or resume outlining professional background
- Passport-size photograph
For Corporate Shareholders
- Certified Certificate of Incorporation
- Certified Memorandum and Articles of Association (or equivalent constitutional documents)
- Certificate of Good Standing (if the corporate shareholder is not newly formed)
- Board resolution approving the RAK offshore company setup and authorizing a signatory
- Register of Directors and Register of Shareholders
Company-Level Documentation
- Proposed company name options (for RAK ICC name reservation)
- Details of proposed business activities
- Memorandum and Articles of Association for the new RAK offshore company
- Ultimate Beneficial Owner (UBO) declaration
- Economic Substance Regulations (ESR) notification, where applicable
- Registered agent engagement letter
RAK Offshore Company Formation Pricing Details
| Component | Notes |
|---|---|
| RAK ICC Incorporation (Company Limited by Shares) | Includes government registration fee and registered agent's incorporation service |
| Registered Agent Fee (annual) | Mandatory; covers registered address and agent services |
| Company Renewal Fee (from Year 2) | Government renewal plus registered agent renewal |
| Document Attestation & Notarization | Varies by shareholder count and country of document origin |
| Corporate Bank Account Assistance | Optional service fee; bank charges are separate |
| UBO/ESR Filing Support | Annual compliance filing assistance |
Note: Request for Quote: Final costs are confirmed after a consultation.
Key Steps to Set Up a RAK Offshore Company
Reserve Your Company Name
Select and register a unique name with the RAK ICC registry.
Appoint a Registered Agent
Engage a licensed agent to handle incorporation and provide a registered address.
Prepare and Submit Documents
Collect all required documents and submit them through your agent to RAK ICC.
Pay Incorporation Fees
Settle the applicable government and registration fees.
Obtain Certificate of Incorporation
Receive your official incorporation documents once approved.
Set Up Bank Account & Stay Compliant
Open a business bank account and meet annual compliance requirements.
Why Choose IMC for Your RAK Company Registration?
Comprehensive Support
We manage the entire company setup process, eliminating complexities for you.
Stress-Free Experience
Once your details are received, we take full charge with minimal involvement needed from your side.
Expertise and Efficiency
Our skilled team ensures timely processing while staying fully compliant with RAK regulations.
Expert Guidance
We help you choose the ideal company structure tailored to your business needs.
Complete Documentation
All legal paperwork, including licenses, visas, and identification, is prepared and submitted by us.
Post-Incorporation Services
From renewal reminders to changes in company structure, we support your business even after setup.
FAQs
Incorporating a business in Ras Al Khaimah typically takes about 3 to 10 working days, depending on the structure.
- RAKEZ (free zone): Formation takes between 5 and 10 working days, and some providers quote as little as 3 to 5 business days, subject to approvals.
- RAK ICC (offshore): Registration typically takes 4 to 5 days from submission, including document review and approval.
- Bank account opening and visa processing take additional time after incorporation.
In Ras Al Khaimah, there are three categories of business licenses: general trade licenses, professional licenses, and industrial licenses.
Most companies in Ras Al Khaimah do not require a local resident director. However, UAE banks typically need at least one director to be a UAE resident to approve opening a corporate bank account.
Companies operating in free zones such as RAK Free Trade Zone, RAK Media City, and RAKIA enjoy 100% tax exemption.
Only registered agents can incorporate RAKICC offshore companies. We offer our clients cost-effective and efficient offshore company registration services in the UAE.
Companies are governed by the RAK Offshore Regulations of 2006.
Ras Al Khaimah Free Zone (RAK FTZ) supports various business activities. Familiar eligible companies include:
- Trading companies: Importing, exporting, wholesale, and retail.
- Consulting and professional services: Legal, accounting, engineering, and IT.
- Industrial companies: Manufacturing and production, including food processing, machinery, and chemicals.
- E-commerce and online businesses: Conducting activities primarily through the internet.
- Service companies: Offering services like shipping, logistics, travel, tourism, and hospitality.
The company name must:
- Contain no more than one hundred permitted characters.
- End with “Limited”, “Incorporated”, or their abbreviations “Ltd” and “Inc” for limited companies.
- Be distinct from existing company names and not on the Registrar’s reserved name list.
- Avoid restricted words like bank, council, credit, fund, and forex.
- According to the Registrar, not be offensive or contrary to public policy or interest.
RAK ICC companies can be established as:
- Company limited by shares (the most common)
- Company limited by guarantee
- Unlimited Company
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