Frezone Company Registration - Ras al Khaimah

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The United Arab Emirates (U.A.E.) – Ras al Khaimah

“A globally unique offshore location!”

Why choosing the U.A.E. as offshore location?

The United Arab Emirates (UAE), in comparison to many tax havens is not an island with a few “post boxes” and “bank branches“. Instead, it is the driving force and the fastest growing force in the middle of the GCC (Gulf Cooperation Council) markets.

Advantages as a owner of a Freezone Company (FZE)

The United Arab Emirates have set up so-called Free Trade Zones – in order to ensure the benefits of an offshore companyRas al Khaimah serves as most popular “Free zone” for “foreign owners”.

  • Independence
  • No foreign exchange control
  • No income tax
  • No import- / export duties
  • No tax on property
  • No value-added-tax
  • No corporate income tax
  • No withholding tax
  • Free capital and profit repatriation
  • No barriers to trade
  • 100% ownership / no local owner
  • liberal labor law
  • Investor Visa for Shareholder plus family members

Required Documents

  • Immigration approval
  • Passport Copy
  • RAKIA Application form
  • Application for licence
  • Lease Agreement (Office)
  • VISA Application (optional)

Cost & Fees

 
Company Setup  USD 2.580 (one time fee)
Trade Licence USD 4.830 (yearly fee)
Office Lease USD 6.950 (yearly, 12 m2, furnished)

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Independence of other states – Ras al Khaimah (RAK) is independent!

The European Union (EU) as well as the Organization for Economic Cooperation and Development (OECD) practice pressure on traditional tax havens. The UAE are not on any list of tax havens. The United Arab Emirates are independent and therefore not exposed to this pressure – the U.A.E. are on no black list of tax havens.

Double-tax-treaty: with a large variety of states

The U.A.E. maintain double taxation agreements with 41 countries like e.g. Germany, Switzerland, Belgium, China, Finland, France, India, Italy, Canada, Malta, the Netherlands, Austria, Poland, Rumania, Singapore, the Czech Republic and Turkey.

Organization for economic cooperation and development (OECD)

Ras al Khaimah is no member of the OECD and therefore no exchange of information takes place.Ras al Khaimah is neither on the black list of tax havens of the OECD nor the FATF.

Advantage of site

The UAE as offshore location are still very young in comparison, which means that the reputation in the international legal and business transactions is higher compared to locations like the Channel IslandsPanamaBritish Virgin Islands (BVI) etc. Thanks to the great „off-spinn“ possibilities shown the offshore zones in the UAE will always remain a mix of “pure”offshore entities and really operationally oriented holding- and ownership companies.

Possible applications

  • Private (anonymous) wealth management abroad
  • Participation in companies abroad (in particular non-offshore)
  • Real estate acquisition abroad
  • Yacht- and boat registration abroad
  • Holding structures
  • Holding of licenses, patents and naming rights
  • International trading operations

Our service

  • Company formation (without the need to travel to the UAE)
  • Nominee director (director can also be nominated autonomously)
  • Account opening with an international bank in the Emirates or in Europe
  • VISA (residence permit)
  • Administration (post, fax, telephone etc.)
  • Swiss team – service in German, English, Russian, French, Spanish

Founding & administrative expenses

The cost of setting up and running an International Business Company (IBC) in RAK is based on the following charges: one-time cost, annual cost and optional fees.

one-time annual power/hour *optional
Founding & Bank X - - -
domicile/post - X - -
nominee director - X - X
nominee shareholder - X - X
accounting - - - -
telefonservice (virtual office) - X - X

*optional service (not mandatory)

Are you interested in establishing a company in Ras al Khaimah?
We will send you, based on your request a detailed offer. Upon request, we will discuss your request in advance by telephone +41 41 740 60 20 or by E-mail. » to the contact options

The registration will take place after the payment of the foundation costs within 1 – 2 working days.

Preconditions, general conditions and start-up procedure

The extensive legal regulations concerning the formation and the operation of an offshore company can be found in the „Jebel Ali Free Zone Authority Offshore Companies Regulations“ (altogether 126 individual paragraphs, in the following: REG), which entered into force on the 15.01.2003.

Accordingly, shareholders are free to exercise any activity, except activities in the area of banking and insurances.

Offshore in the UAE and their handling

The offshore company is not entitled to maintain business relationships with contractors (natural persons or companies) in the Emirates (Art. 15 section 1 REG). Furthermore, the offshore company is not allowed to open up branches in the Emirates. If the enterprise, during its lifetime, still aims to maintain business relationships with its partners in the UAE, it is necessary to apply for a license at the administration (Art. 15 section 3 REG). For a normal Business setup in Dubai, there are not too much restrictions.

The amount of share capital is to be set by the shareholders in the course of the foundation of the company. However, there is no minimum capital required. The founders are thus free to set the amount of the capital.

The capital does not need to be deposited in cash at the point of the foundation. The offshore company (IBC) is not obliged to employ their own staff in the Emirates or to rent office space. Only a business address is required. The offshore company is not allowed to purchase real estate in the Emirates. There are, however, exceptions, where the purchase of real estate (e.g. on the Palm islands) is permitted (Art. 15 section 1 und 2 Reg).

The company also needs at least one director and one secretary (Company Secretary) (Art. 32, 43 reg).

Time required for the foundation 10 working days, after the submission of the required documents.

Do you want to found an offshore company in Ras al Khaimah?
Get in contact with us, we will answer your questions and support you with the smooth installation of your offshore company, and prepare a detailed offer for you. » to the contact options

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