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Ras Al Khaimah (RAK OFFSHORE)

TYPE OF COMPANY International Company (IC)
Registered office in UAE The registered agent’s address is the company’s address
Registered Agent Required
Time to establish a new company 2 - 3 working days
Shelf companies No
TAXES
Taxation Fully exempt from income tax
Double Taxation Treaty Access No
Access to the  agreement of automatic exchange of information No
SHARES and SHARE CAPITAL
Currency AED, USD, EUR
The minimum declared share capital USD 5,000
The maximum authorized capital No restrictions
Standard authorized capital USD 5,000
Bearer shares No
SHAREHOLDERS
Shareholders Natural or legal persons (no residency requirement)
The minimum number of shareholders One
Provision of Fiduciary Services Not allowed
Publicly available data on shareholders No
Disclosure of shareholders to third parties No
Place of holding of Meetings of Shareholders Worldwide
DIRECTORS
Directors Natural persons of any nationality
Minimum number of directors One
Provision of Fiduciary Services Not allowed
Publication of information about the directors in the State Register No
Meetings in UAE Not required 
SECRETARY
Secretary Yes, a director can be a secretary as well 
Publication of information about secretary in the State Register No
Provision of Fiduciary Services Not allowed
KEEPING OF RECORDS
Record keeping No
Audit No
Filing reports No
Currency control No
ACTIVITIES
Business in UAE No (but it is allowed to have a bank account in UAE and use UAE based auditors and law firms)
Buying a property in UAE No

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