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Ras Al Khaimah (RAK)

Titanius Nominees > Services  > Corporate > Ras Al Khaimah (RAK)

General Information

Ras al-Khaimah is one of the seven emirates that make up the United Arab Emirates. The total population at between 250,000 and 300,000. Locals accounted for around one third of the population from an estimate of 2010. Not being a producer of oil, Ras al-Khaimah has focused on developing its industrial sector. New legislation and regulations favor international investments and the combination of security and confidentiality is ensured to entrepreneurs. An international company may only have foreign customers and is not liable for paying local taxes.

Key Benefits:

  • 100% of Foreign ownership is permitted.
  • Tax free environment with no exchange controls.
  • One of the highest degrees of confidentiality is guaranteed.
  • Low cost for incorporating a company with a simple and straight forward procedure.
  • Only one shareholder and one director is required to incorporate the company.

Fact Sheet

General
Type of Company IBC
Type of Law Common
Shelf company availability Yes
Our time to establish a new   company 1-3 days
Minimum government fees (exl. Tax)
Corporate Taxation Nil
Double Taxation Treaty Access Yes
Share capital or   equivalent
Standard currency US
Permitted currencies US,AE Dirham
Minimum paid up AED 1.000
Usual authorised AED 1.000
Directors & Secretary
Minimum Number 1
Local Required No
Publicity accessible reports No
Location of meetings Anywhere
Secretary  Required
Shareholders
Minimum Number 1
Local Required No
Publicity accessible records No
Accounts
Annual Tax Return Yes
Audit Requirements No
Requirements to file accounts No
Publicity accessible records No
Other
Requirement for file annual return No
Change in domicile permitted Yes
Recurring Government costs
Minimum annual Tax/ License Fee  0
Annual Return Filling Fee  0

We are proud to have an established international network of associates that enables us to provide services beyond compare, to our existing and new to come clients. One of the things we value the most, is communication with our clients. Feel comfortable to contact us anytime for any enquiry you might have.