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RAKIA Business Setup ( UAE Offshore )

The RAK Investment Authority (RAKIA) launched the International Business Company concept in January 2007 subjecting the IBCs formed under it to be regulated by the International Business Company Regulations 2006 – RAK Investment Authority.

Main Benefits

  • Anonymity
  • Minimized Taxation
  • Legal Asset Protection
  • Personal Tax Reduction
  • Protects Investments
  • Maximize Profit
  • Minimize Tax
  • Low cost of Operation

About RAKIA ( UAE ) Offshore Business Setup

The RAK Investment Authority (RAKIA) launched the International Business Company concept in Januray 2007 subjecting the IBCs formed under it to be regulated by the International Business Company Regulation 2006 – RAK Investment Authority.

Uniqueness of RAK Offshore

  • UAE is not dependent or overseas territory of another country.
  • UAE has Double Taxation Avoidance Agreements (DTAA) with more than 40 countries

Advantages of setting up RAKIA ( UAE ) Offshore Company

  • Asset Protection
  • Confidentiality & Anonymity
  • Exemption from all local taxes
  • Ease of Control, Maintenance & Operation
  • No Minimum capital requirement
  • No audit reports to be filed
  • It is not mandatory to hold shareholder(s), director(s) meeting

Besides this, RAK Offshore wants to invite 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 including low initial registration and annual maintenance fees. The RAKIA has already signed a MoU with the Transport Authority in Abu Dhabi.
In the near future, the RAK Offshore will start offshore financial business activities and different kinds of trusts and foundations taking into consideration the growing demand for charitable trusts, funds and foundations.

Shareholding & Directorship

  • A minimum of one shareholder and one director is required

Restriction on Activities

A company registered inRas Al Khaimah Offshore is subject to the following restrictions.

No Ras Al Khaimah Offshore company shall

  • Carry on business with persons resident in the United Arab Emirates
  • Carry on banking business
  • Carry on business as an insurance or re-insurance company, insurance agent or insurance broker, a trust company or a financial institution

Share Capital

  • Bearer shares are NOT permitted.


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