Ras Al Khaimah Offshore Company Formation Tips

Ras Al Khaimah has one of the most developed and well-regulated financial sectors in the world. Here, business owners can get 100% foreign ownership of an international company. The place has a world-class infrastructure with easy access to international airports. The main advantage of RAK international companies is that the corporate income taxation at this place is 0%. Ras Al Khaimah offshore company formation is also a whitelisted offshore jurisdiction that meets the standards of international regulations. There are certain factors to keep in mind before forming a Ras Al Khaimah Offshore Company, which are discussed below: 

Conditions for Selecting a RAK Offshore Company Name

The name of a newly incorporated company in Ras Al Khaimah has to meet the following conditions:

• Should not contain more than one hundred permitted characters.
• A limited company’s name should end with the words “Limited”, “Incorporated” or their abbreviations “Ltd”, “Inc”.
• Should not be similar to names of existing companies or names that appeared in the reserved name list of the Registrar.
• Should not contain the restricted list of words such as bank, council, credit, fund, forex
• Should not be offensive or questioning public policy or public interest.

Documents Required for Ras Al Khaimah Offshore Company Formation

For individual director/shareholder

• Certified, valid passport copies of all directors/shareholders;
• 3 proposed names of the company
• Personal and business profiles of each shareholder, curriculum vitae.
• Certified copy of utility bill/local authority tax bill/tenancy agreement or bank statement with the address of all directors/shareholders.

For corporate shareholder

• Attested copy of the corporate documents including Certificate of Incumbency, Memorandum, and Articles of Association;
• Attested Certificate of Incumbency/ Certificate of Good Standing;
• Name of shareholders and Ultimate Beneficial Owners;
• Attested copy of corporate resolution stating new incorporation approval in RAK.

Requirements for Annual Company Maintenance

• One director/shareholder;
• Local registered agent and registered address;
• Filing annual return.

Corpin Consultants can assist you in handling the entire procedure of company incorporation such as documentation, registration, follow-up, approval, and renewals. Contact us for a free consultation today.