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 DUBAI CORPORATE SERVICES
RAK

Ras Al Khaimah is one of the fastest growing emirates in one of the fastest growing economies in the world, the United Arab Emirates. RAK Offshore is the result of the extraordinary vision of H.H. Sheikh Saud Bin Saqr Al Qasimi, the Crown Prince and Deputy Ruler of Ras Al Khaimah. And that vision has been turned into reality by Dr. Khater Massaad, the CEO of RAK Investment Authority. As successful entrepreneurs themselves, they have an intimate understanding of the needs and requirements of the business world. RAK Offshore offers everything business enterprises need to excel in today’s highly competitive environment.
Renowned for its natural beauty and art de vivre, Ras Al Khaimah has also gained a reputation for being a transparent, tax-free, corruption-free and no-red-tape location to do business.
Its booming economy and proximity to other major international centres like Dubai has attracted hundreds of large, medium and small businesses from every part of the world.
Now, RAK Offshore is making it possible for non-resident corporations, entrepreneurs and individuals worldwide to enjoy all the advantages which were available only to resident entities.
At RAK Offshore, the sole raison d’être is to help your business succeed. From the very outset, it was conceived to allow you to unleash your entrepreneurial spirit by making it easier and more cost-effective to start and operate an offshore business.
RAK Offshore offers businesses and individuals a wide range of comprehensive services and structures that are dedicated to non-residents. RAK Offshore also benefits from one of the most comprehensive lists of non-double taxation treaties in the world, including with China, India, Italy, France and Germany.
Physically located in the superb infrastructure of the upcoming RAK Financial City, RAK Offshore will allow a wide variety of international business and financial activities.
Non-resident Businesses and Individuals
International Business Companies RAK Offshore is an ideal location for international business operations and asset protection schemes. If you are looking for an offshore location in the Middle East where you can register your LLC, Société Anonyme or GmbH without too much cost or hassle, RAK Offshore is the answer.
Maritime Activities RAK Offshore offers open registry of yachts and private boats. It will also offer open registry of commercial vessels in the near future.
Outsourcing
Thanks to its proximity to major economies, strategic location between the East and the West and ready access to a flexible, multicultural, multilingual and highly skilled workforce, RAK Offshore is the perfect place for outsourcing businesses in accounting, audit and other back office operations
Offshore Non-financial Businesses
You can register International Business Companies bearing the status of Ltd, GmbH, Ltda or Société Anonyme at RAK Offshore. (See pages 18, 34 & 35 for details.)
Offshore Financial Businesses*
RAK Offshore offers all the infrastructure and regulatory framework to conduct a comprehensive range of offshore financial activities. (See pages 22-27 for details.)
Trusts
• General Trusts • Discretionary Trusts
• Vesting Trusts • Educational Trusts
• Employee Trusts • Spendthrift Trusts
• Grantor Trusts • Asset Protection Trusts
Charitable Trusts and Foundations*
Corporate Special Trusts*
As the owner of an operating business, you can continue to maintain control over your company by setting up a Corporate Special Trust.
Collective Investment Schemes
(Investment Funds)*
• Mutual Funds (Unit Trusts) • Hedge Funds • Islamic Funds
Offshore Banking*
• Offshore Retail Banking • Offshore Investment Banking
RAK Offshore takes special care to give small and medium enterprises the option of offshoring their business through the creation of dedicated instruments, and enjoying the resulting benefits,someofwhicharelisted below:
• Asset protection and planning
• Confidentialityofexecution
• Tax planning
• International visibility
• No exchange controls
• Access to a superb communication and banking infrastructure
• Outsourcing
• Creative and genuine portfolio of dedicated services • Property ownership for non-residents in UAE free zones
• Compliant with best international standards for anti- money laundering
A government entity of Ras Al Khaimah, RAK Offshore has been developed and is managed by the RAK Investment Authority (RAKIA), an
autonomous institution with a successful track record of promoting business, industry and tourism in Ras Al Khaimah.
Ras Al Khaimah - Quick Facts
Languages Arabic, English, Hindi, Urdu, Farsi
Currency AE Dirham pegged to the US Dollar
Time Zones GMT + 4 hours
Airports Ras Al Khaimah Airport: 15-minute
drive from RAK Offshore
Sharjah Airport: 30-minute drive
Dubai Airport: 40-minute drive
Ports Saqr Port: Eight 200-metre long
deep water berths, dredged
to 12.2 metres, serves over 1,400 vessels annually
Al Jazeera Port: New multipurpose port
RAK Port: Historical trading port
RAK Offshore is a comprehensive solution that not only provides an offshore location for international businesses and upmarket financial services but also a strong yet flexible regulatory framework based on global best practices.
To deliver on the promise of a comprehensive solution, RAK Offshore offers a combination of distinct but interconnected services and infrastructure.
                                                                        Services
An International Offshore Business Centre for non-resident entrepreneurs who need an offshore location to conduct business, and outsource back office activities.
An upcoming International Offshore Financial Centre for offshore financial services companies and finance professionals.
                                                                   Infrastructure

An independent Registrar of Companies and Boats to deal with the incorporation and registration of all offshore corporate entities and marine vessels.
The RAK Financial City to house the offices of RAK Offshore as well as all the offshore businesses and financial services companies that domicile in RAK Offshore. The office space options will range from ready-made offices available on a leasehold or freehold basis to freehold plots of land on which buyers can construct office buildings to suit their needs and taste.
The independent RAK Financial Services Authority that will act as a regulatory and auditing body for RAK Offshore and all the financial companies and institutions in RAK Offshore. The RAK Financial Services Authority will be completely autonomous and will comply with all international as well as local regulations on AML and CTF.
Location Gulf RAK Offshore is the firstcomprehensiveoffshorecentreintheGulfregion,offering services that range from IBCs to trusts and funds.
Time Zone GMT+4 Between Europe and Asia. Open on Sundays.
International Yes First centre in the Middle East to offer IBC registration.
                                                           
                                                              Business Companies

Trusts Yes Three types of trusts offered: General, Charitable and Corporate Trusts.
Offshore Yes Offshore banks can mortgage projects and property within RAK Free Zones.
Banking Non-residents can use ATM and other services worldwide.
Collective Yes Sharia-compliant Funds, Mutual Funds and Hedge Funds
                                                            
                                                             Investment Schemes

Yacht Yes Registration of non-resident pleasure boats.
Registration Registration of commercial vessels for non-residents will be offered in the near future.