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RAK International Corporate Centre (RAKICC)
is a Corporate Registry operating in
Ras Al Khaimah. The Emirate of Ras Al Khaimah is one of the greatly developed
Emirates of the United Arab Emirates and an ideal location for international
Ras Al Khaimah is a fast developing city and emirate, situated against
the backdrop of the Al Hajar Mountain Range, in the north of the UAE.
In 2006, Ras Al Khaimah Investment Authority launched an offshore
facility, by passing of Ras Al Khaimah Investment Authority’s
International Business Companies
Regulations 2006 – also called RAK Offshore and Universal Consultants
DMCC is a authorized registered agent for RAK Offshore.
Offshore centers are often used for a variety of business purpose ranging from
setting up business entities to owning overseas financial and real estate
assets, inheritance planning, setting up holding companies and special purpose
vehicles, ship registration and tax optimization.
RAK Offshore offers businesses and individuals a wide range of comprehensive
services and structures that are dedicated to non-residents. Physically located
in the superb infrastructure of the upcoming RAK Financial City, RAK OFFSHORE
will allow a wide variety of international business and financial activities.
From the very outset, it was conceived to allow you to unleash your
entrepreneurial spirit by making it easier and more cost-effective to start and
operate on offshore business.
Besides this, RAK Offshore wants to offer their clients to register their
private yacht and pleasure boats in Ras Al Khaimah. By registering yachts and
boats with RAK Offshore, there will be lots of financial advantages, low initial
registration & annual maintenance fees and easy registration process.
Characteristics of an offshore company registered in the RAKIA are as
RAKIA Offshore pays no taxes in UAE.
Minimum of one shareholder is required. Corporate shareholders are
Shareholders will decide capital structure of the company, can also
have different classes of shares. Bearer shares are not permitted.
A minimum of one director is required and corporate directors are
Every company must have a secretary. Director can be a secretary as
Every company must keep accounting records. Accounts must be approved
by the directors and signed by one of them. The accounts do not need
to be filed with RAKIA Offshore Authority.
Registration of the RAKIA Offshore will take 2-3 days.
Restrictions on Name & Activity:
Names must end with Limited or Incorporated. The following words, and
their associated activities, cannot be used: Assurance, Bank, Building
Society, Chamber of Commerce, Chartered, Co-operative, Fund, Imperial,
Insurance, Municipal, Mutual Fund, Royal and Trust.
Company must appoint an approved registered agent. A registered
agent’s office in the UAE or in the RAKIA Free Zone can also be used
as the registered office.
DOCUMENTS REQUIRED TO OPEN RAKICC OFFSHORE COMPANY
The following documents are required for formation of the offshore
company: For individuals:
C.V. (personal profile) of shareholders and directors
Passport copy of shareholders and directors
Bank Reference (format enclosed) statement of the shareholder
NOC from the employers if the shareholder is employed in the UAE.
Proof of Residence
If the shareholder is a non-individual, following documents of that
company are required which are to be notarised and attested as below.
Copy of License or CERTIFICATE OF INCORPORATION
Memorandum & Articles of Association
Board Resolution for investment in the offshore co. and appointing
a legal representative to act and sign on behalf of the company.
MEMORANDUM OF ASSOCIATION of the parent company
Passport Copy of the Director and the Shareholders of Parent Company
Additional documents may be requested by the Registrar during the registration process
Note: All the above documents shall be Legalised & Attested from UAE Embassy of
Country where Parent Company is located (if UAE Embassy is not there,
attestation from UAE Embassy in nearby country). It has to be counter attested
from Ministry of Foreign Affairs, UAE.
We can assist in this.
RAKICC Offshore Company Registration Cost & Features
Document Required Passport Copy, Address Proof, Bank Reference Letter
Deliverables Incorporation Certificate, MOA, Share Certificate
RAK ICC Premium Product
RAK ICC offers a unique ‘Premium Product’ by which investors can incorporate
Offshore IBC and this Offshore IBC can own 100% shares in the Freezone Company
at RAKEZ. This premium product enables the investors to structure their company
and open bank account easily. They are eligible to get Investor Visa under this
RAK ICC & DIFC Wills & Probate Registry
By registering Will in the UAE, a non-muslim can make sure that his assets are
not subject to Shariah Law. RAK ICC company assets can be distributed by way of
Wills registered under “Wills and Probate Registry, DIFC’.
DIFC Will registered through RAK ICC Offers:-
Certainty of Wealth distribution and Guardianship appointments
Transparent Probate distribution
Registered Agent of RAKICC / RAK Offshore
UC DMCC is a reputed registered agent of RAK ICC. RAK Offshore Company can be opened
only through agents who have been registered with RAKICC.
WE are the one of the largest incorporators of Offshore companies in UAE. We invite
prospective clients to consult with us for making your business bright and