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Brochure Download: Ras Al Khaimah Company Formation
Schuss & Co. offers offshore company formation in Ras Al Khaimah (RAK). The UAE is a popular destination for offshore companies due to its total waiver of corporation tax and it's central global location. Ras Al Khaimah (RAK) offshore companies offer strong levels of privacy while the country offers a stable economy and legislative government working to encourage foreign investment.
Ras Al Khaimah (RAK) offshore companies can be incorporated within 24 hours and we can provide professional directors and nominee shareholders on your behalf should you require them. We can also assist you with opening bank accounts and help in the ongoing management of your company.
Read through the jurisdiction overview of Ras Al Khaimah (RAK) below for more information on why RAK is an ideal location for your offshore company structure. The PDF brochure provides a downloadable introduction to a Ras Al Khaimah (RAK) offshore company. If you are unsure about which jurisdiction is best suited to your needs or would like advice on any of our services, please contact us for a confidential discussion with no commitment.
Translated into English, Ras Al Khaimah means “top of the tent”, which is derived from its location in the northernmost part of the UAE. The name is becoming more than just a geographical reference as RAK, the fourth-largest emirate, continues to rise to an elevated position in the eyes of international investors. Ras Al Khaminah covers an area of 656 square miles (1700 km²) and borders with Oman.
2008 marked the 60th year of rule by His Highness Sheikh Saqr bin Mohammed Al Qasimi, who has overseen RAK’s evolution from a subsistence economy to an industrial state of increasing political prominence, both within the region and internationally. As one of seven distinct emirates in the UAE, it plays an important role in politics at the federal level, electing six representatives to the UAE’s parliament.
As the emirate will never be a major oil producer, RAK has instead concentrated on developing its industrial sector. It is now the UAE’s largest producer of cement, the world’s largest ceramics producer and has the Persian Gulf’s first pharmaceuticals company.
A major initiative towards diversification goals has been the creation of the RAK Free Trade Zone Authority, which has enjoyed impressive popularity and is one of the fastest-growing free trade zones globally. Industries span a range of sectors, including IT, consulting, Manufacturing and Trading, who are striving to reach international markets.
Today, RAK FTZ contributes an estimated capital of Dh 10 billion to Ras Al Khaimah’s economy. Future investments of Dh 7.3 billion are also underway or being planned, to ensure continued growth. RAK FTZ ranks 17th among the Top 100 Special Economic Zones of the future, according to a recently published report on ‘Middle East Cities and Special Economic Zones of the Future 2008/2009’ by FDI Magazine of The Financial Times Business Group.
The UAE does not impose taxation on any of its companies.