- Incorporation of company
- Government fees
- Registered office
- Agent fees
- Company secretarial maintenance
- Company seal
- Original statutory documents
- Certificate of incorporation
- Memorandum and articles of association
- Appointment of the first director
- Minutes of first meeting
- Register of directors and shareholders
- Share certificate
- Courier services
* We offer vintage and new shelf companies. Please contact us for more details.
Build your own package
Annual renewal cost *$1,450
Once your company has been incorporated it is important to renew and maintain the company on a yearly basis. The annual renewal cost includes the following:
- Local government fees
- Registered office fees for one year
- Agent handling cost for one year
- Renewal of company secretarial maintenance
- Renewal of nominee services (if required)
- Renewal of Power of Attorney (if required)
FAQs on company formation in Ras Al Khaimah
Why incorporate a company in RAK?
RAK companies provide a comprehensive offshore business and financial solution. They are perfect for non resident entrepreneurs to conduct business outside the UAE and no exchange of information.
What is the governing body in RAK?
The RAK Investment Authority is the governing body and companies are regulated under the RAK offshore regulations of 2006.
Is it mandatory to publish information relating to company officers?
RAK offers a high level of anonymity and privacy. It does not have a public register of company officers and no name is disclosed during the opening of a company. It also protects information disclosure on investments and assets.
Do I need to file yearly accounts of my RAK company?
RAK does not have any accounting or reporting requirements.
Is my company subject to any tax in RAK?
There are no taxes applicable to a RAK Company.
Is there a minimum capital requirement?
There is no paid up capital requirement.
What are the minimum number of directors and shareholders required?
Companies incorporated in RAK require a minimum of 1 director and/or 1 shareholder. There is no requirement for the directors and shareholders to be resident in RAK.
Do you require a secretary while forming a RAK company?
It is not mandatory to appoint a secretary while forming a company in the RAK.
Are bearer shares permitted?
No bearer shares are permitted while forming a RAK company.
How much time does it take to incorporate a company in RAK?
One of the main advantages of company formation in RAK is the speed to register the company – it is usually formed in two working days. A same day service also available however additional fees applies, ( contact us prior to ordering )
What are the documents required for the formation of a company in RAK?
Compliance is our key business success over the past 20 years therefore it is mandatory that all our customers comply with our KYC (Know Your Customer) requirements. This is important for our due diligence purposes. We require the following:
- Certified scanned copy of passport for each director and shareholder
- Certified scanned copy of a recent utility bill for each director and shareholder
- A brief business plan
- Original bank reference letter also required
Ensure the highest degree of confidentiality and privacy along with your company by opting for our nominee services and protecting your identity.
Nominees are persons or corporations who agree to act as director and shareholder for an company which is beneficially owned by the client
You may require this service to protect your identity, decrease your chances of visibility or to assist you in functions that require you to be physically present in the jurisdiction where your company is incorporated.
If you opt for our nominee package the following additional documents will be included in your incorporation pack:
- Deed of trust
- Stock transfer form
- Nominee agreement
Authenticate your company documents with our Apostille services and validate them for use in over 105 countries.
Under the 1961 Hague Convention, documents which have been notarized by a solicitor and then certified with a conformant Apostille are accepted for legal and international use in all the nations that have signed the Hague Convention.
In addition to your original documents an apostille statutory bound set will be included in your pack. Your bound set will consist of:
- Copy of certificate of incorporation
- Copy of memorandum and articles of association
- Copy of appointment of the first director
- Copy of minutes of first meeting
- Copy of register of directors and shareholders
- Copy of share certificate
Power of Attorney
Choose our POA packages to authorize any individual of your choice to manage the day to day operations of your business.
On choosing the POA package a general power of attorney; duly notarized and apostilled will be issued by the nominee director in favor of the ultimate beneficial owner. This is valid for a period of one year from the date of incorporation.
We have a wide network of international private banks in various jurisdictions which can assist with the opening of a bank account for your International Business Company.
Our bank account opening service enables you to get introduced to banks in various countries and then assists in liaising with them for account opening of your newly incorporated company. It is an optional service and it allows you to concentrate on more important issues while we take care of the correspondence and paperwork for you