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ARTICLE · 13 MARCH 2015

RAK Company - Corporate Environment Summary

Ras Al Khaimah, close to Dubai, is one of the fastest growing emirates in the United Arab Emirates.

CyprusWealth Management
George Schizas
George Schizas

Ras Al Khaimah, close to Dubai, is one of the fastest growing emirates in the United Arab Emirates. The emirate has also gained a reputation for being a transparent, tax free, corruption free, no red tape and inexpensive to do business jurisdiction. Ras Al Khaimah is the most popular offshore jurisdiction, with favourable business regulations, a prosperous economy and a stable political situation.

Ras Al Khaimah IBC, is a limited liability company which conducts its trading and business outside the Ras Al Khaimah and is intended for offshore activities. It takes up to 2 days to incorporate a company in the Ras Al Khaimah.

The Directors of the company may be of any nationality and may reside anywhere. At least one director is required and there is no requirement to appoint a local resident director.

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