Ras Al Khaimah Offshore Company

Ras Al Khaimah is part of the United Arab Emirates, a constitutional federation of seven emirates located along the south eastern tip of the Arabian Peninsula. Qatar lies to the west, Saudi Arabia to the south and west and Oman to the north and east. The Federation was formally established in 1971. Features 1. Type of Company. The International Company (IC) is the most popular option for foreign companies seeking to establish a presence in the UAE. 2. Restrictions on Trading. Can only operate within the activities detailed on the Memorandum. 3. Powers of Company. Companies Law stipulates that an IC may engage in any lawful activity except for insurance, banking and the...

The government of Ras Al Khaimah (R.A.K.) has launched an offshore facility, the second in the UAE, that is expected to lure investors looking for a new tax haven. The R.A.K. allows foreign investor to register offshore companies in the Ras Al Khaimah Free Trade Zone (RAK FTZ) without the need to establish a physical presence. It is hoped that foreign companies finds their offshore system more appealing than the Jebel Ali Offshore centre, which was established by Dubai in 2003 to position itself as a tax haven like the Cayman Islands, Bahamas and Liechtenstein. The free zone has continued to attract new businesses in industries spanning IT, Consulting, Manufacturing and Trading. RAK FTZ...