Eternity Law International — News — Company registration in UAE

Company registration in UAE

Published:
October 5, 2020
Registration cost 2.900 Eur
Company renewal cost 2.000 Eur
Directors number 1
Corporate tax 00.00 %
Registered share capital 10.000,00 AED
Mandatory reporting requirements No

General information as for company registration in the UAE – Ras al-Khaimah

  • Company type: International Business Company (IBC)
  • Company registration period: from 1 to 2 days
  • The RAK Investment Authority is the governing body;
  • Companies are regulated in accordance with the RAK Offshore Regulations 2006
  • Legislation: modern offshore legislation
  • Legal system: UAE law
  • Corporate taxation: no taxes of any kind
  • Accessibility of records: no public registry
  • Time zone: GMT +4
  • Currency: UAE dirham (AED)

Registered capital of the company in the UAE – Ras al-Khaimah

  • Currency: UAE dirham (AED)
  • Standard registered capital: 10,000 AED
  • Minimum paid: 10,000 AED

Shareholders, directors and authorized persons for company registration in the UAE – Ras al-Khaimah

  • The minimum number of shareholders: 1
  • The minimum number of directors: 1
  • Local office requirements: No
  • Company secretary requirements: Yes

Ready-made companies are always available for sale. Make a request.

Offshore company reporting – the UAE – Ras al-Khaimah

  • Reporting requirements: Yes
  • Auditor Appointment Requirements: No
  • Reporting requirements: No
  • Accounts accessibility: No
  • Reports accessibility: No

Documents for offshore company registration – the UAE – Ras al-Khaimah

  • Certified copy of a valid passport (or national ID)
  • Certified proof of address: utility bill (not more than 1 month ago received) in English/Arabic (or confirmed translation)
  • A letter of recommendation from the bank (not more than 1 month ago received)

Interesting facts about company registration in the UAE

The United Arab Emirates, including the emirate of Ras al-Khaimah, is not subject to regulation in the EU and is not a member of the Organization for Economic Cooperation and Development (OECD), which means that the country does not participate in foreign automatic exchange of information.

Ras al-Khaimah

Ras Al Khaimah (RAK) is one of the seven emirates that make up the United Arab Emirates. It is located in the northern UAE bordering Oman.

The emirate covers an area of ​​1,684 square kilometers. It is known for shipbuilding and commercial activities in the maritime sector, now better known in the industrial sector.

The strong interest in the financial and investment sector in the RAK has been fueled by new legislation and regulations passed by the UAE authorities; this in turn has led to business and investment opportunities for individuals and companies around the world.

An International Business Company in RAK can do business internationally, own real estate in the UAE, be used as a logistics company, maintain bank accounts, and much more.

Company registration procedure in the UAE – Ras Al Khaimah

We will register a company in the UAE – Ras al-Khaimah after receiving the client’s KYC documents (a copy of the passport, confirmation of the address issued within the last month, a letter of recommendation from the bank) and a description of the proposed economic activity, and after checking by our legal department.

Company trade restrictions in the UAE – Ras al-Khaimah

RAK IBCs are not allowed to trade within the UAE. Any legal activity is permitted, with the exception of insurance, reinsurance, banking and investment activities on behalf of third parties.

Company name restrictions in the UAE – Ras Al Khaimah

UAE company – RAK IBC must end in “Limited” or “Ltd”. Such names are prohibited that imply government patronage, any connection with the financial sector, of any country or city, any name containing an abbreviation with no valid explanation, and any name that contains a registered trademark that is not owned by the company.

Other restrictions cover names that have already been registered or names that are similar to those that have been registered. In addition, it is forbidden to use names that are considered misleading, with obscene or offensive content are also restricted in RAK.

Company corporate documents language – the UAE – Ras al-Khaimah

If you need to register an offshore company in the UAE – RAK, then our specialists will help you to register a company in the UAE quickly and efficiently. Moreover, you can buy a ready-made company in the UAE – RAK. Write to us in the CRM form and we will help you.

Eternity Law International specialists provide you with qualified advice on the acquisition of an offshore company, opening a bank account in any jurisdiction, as well as further support of your company’s activities at any stage of work.

We offer ready-made European and offshore companies. Renewal of documents for new owners takes 2 days.

If you have any questions or need advice on the registration or purchase of an offshore company, call us at the numbers indicated on the website, or write to us in the CRM form located at the bottom of the page, our specialists will answer you online.

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