Offshore Company Formation in Dubai (RAK)

The benefits of setting up an Offshore company in the United Arab Emirates

Amanda J Molyneux & Company Limited are fully licensed to set up UAE Ras Al Khaimah (RAK) Companies for our clients. Since obtaining our licence in 2011 we have become one of the largest introducers for Ras Al Khaimah (RAK) Companies. This has been a real success story for our company and we highly recommend Ras Al Khaimah Companies for their confidentiality and excellent image.

Ras Al Khaimah is one of the fastest growing emirates in the region and one of the fastest growing economies in the world. Capturing the attention of global investors, RAK Offshore is the brainchild of successful Arabian entrepreneurs who understand the requirements and needs of other entrepreneurs. Any non-residential corporate entity or individual can register an offshore company in RAK. Companies are very flexible financial instruments suitable for a spectrum of requirements, such as tax planning, real estate holding, trusts and funds.

English is widely spoken and all business documents can be produced in English if required. Although this is a truly multi-cultural jurisdiction and Arabic, Hindi, German, Russian and Farsi are all widely spoken. RAK boasts a well-developed, credible financial regulatory framework which strictly adheres to all International Standards, such as international anti money laundering regulations. RAK has an established communication network and a solid banking infrastructure.

This is a completely tax free environment and there is no requirement to file accounts or have audits conducted. RAK has currently not signed to any exchange of information and this is something that is not predicted to change, therefore confidentiality is guaranteed. RAK has comprehensive Double Taxation Treaties with countries including New Zealand, Malta, India, Germany, France, China, Malaysia, Italy, India, Singapore, and Finland.

The seventh Emirate of the United Arab Emirates; Dubai is an oil rich state located in the Persian Gulf. Although still an important international trading centre and port, the last decade has seen its transformation into one of the world's major financial and business hubs. In stark contrast to other Emirates states, Dubai is very liberal and tolerant and therefore offers investors a wonderful opportunity to conduct their business banking in this prestigious Arabian jurisdiction.

For more information and to apply for a Dubai (RAK) Company Formation and Bank Account go here.

Advantages of Ras Al Khaimah (RAK) Formation over Jebel Ali (Dubai Offshore)

  • Jebel Ali requires a minimum of 2 shareholders and their physical presence required in Dubai to arrange the formation.
  • RAK company requires only 1 shareholder and they are not required to be there in person.
    Auditing is also essential for all Jebel Ali companies.
  • Cost of Dubai formation is significantly more Both Ras Al Khaimah & Jebel Ali (Dubai) provide the same end result, ownership of an Offshore UAE company with Dubai Bank Account.