UAE OFFSHORE

RAS AL KHAIMAH INTERNATIONAL COMPANY "RAK-IC"

In September 2006, Ras Al Khaimah Government launched an offshore facility, the second in the UAE after Jebel Ali, which is regulated by the Ras Al Khaimah Free Trade Zone Authority International Companies Regulations 2006.

100% foreign ownership is allowed. The International Company can own real estate properties in UAE, shares of local UAE companies, and can also bank in UAE.  General trading business in UAE is not permitted, nor can local residence be applied for through these entities. The International Company can also have Bearer Shares, (held by Sovereign as Custodian), without any ownership details being given to the Free Zone.  

Incorporation documents can be signed at the offices of Sovereign Corporate Services without having to visit RAKFTZ, and setup generally takes 48hours.

For more information on RAK Offshore, or Jebel Ali Offshore (a similar set up), please ask for our full info sheet on "RAK Offshore" or "Jebel Ali Offshore".