TBA & Associates

Company formation in United Arab Emirates
Ras Al Khaimah (RAK)

Why registering a company in RAK

Ras Al Khaimah (RAK) offers more than any classic tax haven:

  • RAK is not on any blacklist e.g. OECD, FAFT, EU.
  • Complete privacy – no public record.
  • RAK is has no corporate or personal taxes.
  • No accounts filing requirements.


There are no corporate or personal taxes in RAK, UAE.
There are many jurisdictions offering offshore companies however what distinguishes RAK from many others is that it is a ‘no tax emirate’. There are therefore no personal or corporate taxes at present.
RAK has three TIEAs (Tax Information Exchange Agreements).
Other than Sweden, Denmark and Norway UAE, including RAK, has not signed TIEAs with other countries.
The United Arab Emirates is NOT on any blacklist e.g. OECD, FAFT, EU etc., nor it is under any pressure from these organisations – unlike the BVI, Cayman Islands etc. that are UK overseas territories. Even the independent tax havens e.g. Seychelles, Belize etc are very dependent on their offshore sectors. They are therefore subject to pressure, particularly by the Americans and the EU.

Privacy of information

  • There is no public record of the directors and shareholders and the company registry is NOT open to public inspection. Beneficial owner information is not provided to RAKIA / government and therefore cannot be disclosed by them.
  • There is no requirement to audit or file accounts, however, as with all companies, accounts should be maintained and provided to shareholders.

Key corporate features

  • Type of Company – Limited by shares
  • Political Stability – Excellent
  • Common or Civil Law – Any
  • Disclosure of Beneficial Owner – Yes
  • Migration of Domicile permitted – Yes
  • Corporate Taxation – Nil
  • Language of Name – English or Arabic
Corporate requirements
  • Minimum number of Shareholders / Members – One
  • Minimum number of Directors / Managers – One
  • Corporate Directors / Managers permitted – Yes
  • Usual Authorised Capital – Dhs 1,000 (minimum)
  • Minimum paid up – Fully paid
Local requirements
  • Registered Office / Agent – Yes
  • Local Partner – (UAE National or Company owned by UAE National) – No
  • Local Directors – No
  • Local Meetings – No
  • Government Register of Directors / Managers – Yes
  • Government Register of Shareholders / Members – Yes
Annual requirements
  • Annual Return – No
  • Submit Accounts – Yes
Recurring government costs
  • Minimum Annual Tax / License Fee – AED 2,000
  • Annual Return Filing Fee – N/A

Incorporation – how quickly can a RAK company be formed

Incorporation of a RAK Offshore Company is fast. It takes about two working days for the confirmation of incorporation from the day all the necessary documents are received at the registry.

Ras Al Khaimah International Company, or RAK Offshore Company is ideal for businesses wishing to be registered in the UAE but not intending to conduct any business within the Emirates.

Name – RAK Offshore company suffix

A RAK Offshore Company must have the suffix Ltd (Limited).

Accounts & Audit – RAK companies accounts and audit requirements

Accounts should be maintained but there is no requirement for these to be filed or audited.


Registered office, Registered Agent and Company Secretary of RAK company.

A RAK Offshore Company must maintain a registered office and a registered agent within Ras Al Khaimah. A Company Secretary is also required – this can be a corporate entity or a person of any nationality.


At least one director is required – it could be a corporate entity or a person of any nationality. The identity of the director is not shown on the public register.


A RAK Offshore Company may have one or more shareholders – corporate entities or natural persons. The shareholder and director can be the same person and/or corporate entity.

Share capital

The standard share capital is AED 10,000 (c. US $2,722) although no minimum share capital is required. It can be denominated in USD or AED.

Bearer shares are not allowed.

Register your Company today!

Our Business Development Team is ready to guide and assist you to discuss all options you have and to provide you with all the support you need to enable you to take the right decision facing your specific needs!

All our Consultancy and Advisory services are completely FREE!

Packages and Prices!


Year 1 Incorporation and service fees.
Optional Services (Bank Account opening, Nominee services, Certification of documents, amongst others).
Annual Renewal service fees for year 2 and subsequent years, to keep your company in good standing and full Compliant at all times.

Our company licensing services

— What we do and do not do

Our company is EXCLUSIVELY engaged in assisting worldwide clients, either individuals or corporate entities, to get duly and properly licensed with local Regulators and Financial Authorities to get respective official licenses to legally carry out their cryptocurrency or financial related business activities.

TBA & Associates Tax Business Advisors does not provide or carry out any sort of Cryptocurrency or Financial services!

Disclaimer: While TBA & Associates strives to make the information on this website as timely and accurate as possible, the information itself is for reference purposes only. You should not substitute the information provided in this article for competent legal advice. Feel free to contact TBA Customer Services for advice on your specific cases.

We help you grow your business across international border and achieve financial efficiency.

We are ready to answer all your questions!