Ras al Khaimah Company Incorporation
Setup a Company in Ras Al Khaimah

Ras Al Khaimah (RAK), one of the seven emirates of the United Arab Emirates (UAE), offers a variety of company structures that are suitable for different types of businesses and investment activities. The process of company formation in RAK typically includes the following steps:

1. Choose a company name: The name must be unique and not similar to existing companies.
2. Register the company: This step involves submitting the necessary documents, such as the memorandum and articles of association, to the RAK Department of Economic Development (DED).
3. Obtain a business license: Depending on the type of business, a specific license may be required from the DED.
4. Register for taxes: All companies in RAK are required to register for taxes, including VAT and corporate income tax.
5. Open a bank account: To start business operations, a company must open a bank account in RAK.
6. Appoint the directors: The directors are responsible for the company's management and must be appointed by the shareholders.

It's important to note that the process of company formation in RAK may take several weeks, and it's recommended to seek the assistance of a local lawyer or accountant to ensure that all the legal requirements are met. Overall, RAK offers a stable political and economic environment, and its strategic location in the UAE provides access to a large market and the ability to conduct business with other countries

Ras Al Khaimah (RAK) offers a variety of company structures that are suitable for different types of businesses and investment activities. These include:

1. Free Zone Company: This type of company is set up in one of RAK's free zones, which are designated areas with special regulations and incentives for foreign investors. These companies are 100% foreign-owned and have exemptions from certain taxes and tariffs.
2. Offshore Company: This type of company is set up in RAK's offshore jurisdiction, which allows for 100% foreign ownership, tax exemptions and confidentiality in business operations.
3. Local Company: This type of company is set up outside of RAK's free zones and offshore jurisdiction, and is subject to the laws and regulations of the UAE. A local company must have a local sponsor (a UAE national) who holds a majority stake in the company.
4. Branch Office: Foreign companies can also set up a branch office in RAK, which is an extension of the parent company and is legally and financially separate.
5. It's important to note that each type of company has its own legal and financial requirements, and it's recommended to seek the assistance of a local lawyer or accountant to ensure that the chosen structure is appropriate for your business and that all the legal requirements are met.