Offshore Financial Centres - Ras Al Khaimah
General Information about Ras Al Khaimah
Ras Al Khaimah is at the northern end of the Arabian Gulf and is one of the seven Emirates that together make up the United Arab Emirates. It has a land area of 1,680 sq. km and a population of about 250,000.
Companies and Taxation
In 2006 the Emirate adopted the International Business Company Regulations 2006 which made it possible, for the first time, for foreigners to incorporate and be the 100% owners of local companies. Ras Al Khaimah offshore companies may not trade within the United Arab Emirates. They may however open banking accounts in the UAE and to a limited extent occupy property there.
Regulation
Companies incorporated within the Ras Al Khaimah Free Zone are regulated by the Free Zone Authority and there is an arbitrational tribunal set up to resolve any disputes relating to the operation of the company. So long as provision is made in the Articles of Association, the shareholders may adopt any international law for the resolution of disputes.
| Ras Al Khaimah offshore company regulations |
| Type of entity |
IBC |
| Type of law |
IBC Regulations 2006 |
| Corporate taxation |
Nil |
| Double taxation treaties available |
No |
Share Capital |
| Usual currency |
AED |
| Permitted currencies |
|
| Minimum paid up |
AED 1 |
| Usual authorised |
Not required |
| Foreign ownership permitted |
100% |
Directors |
| Minimum number |
1 |
| Local resident required |
No |
| Records publicly available |
No |
| Location of Meetings |
Anywhere |
Shareholders / Members |
| Minimum number |
1 |
| Records publicly available |
No |
| Location of Meetings |
Anywhere |
| Bearer shares permitted |
Yes |
Company Secretary |
| Required |
Yes |
| Local or qualified |
No |
Registered Agent |
| Required |
Yes |
Accounts |
| Required |
Yes |
| Audit required |
No |
| Filing required |
No |
| Publicly available |
No |
Other |
| Annual return required |
No |
| Change of domicile permitted |
No |
Why not talk to us about forming an offshore company in Ras Al Khaimah? Call +353 1 431 9663 or Click Here to contact us.
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