RAK International Company Formation

A Corporate Registry based in Ras Al Khaimah, RAK International Corporate Centre or (RAKICC) holds the responsibility in registration and incorporation of International Business Companies (IBC). Formed by consolidating two separate IBC registries – RAK International Companies & RAK Offshore. The entity also provides a complete portfolio of services for everything related with International Business company activity. A modern, world class Company Registry, it adheres to international standards and complies with best practices of the business formation industry worldwide.

RAKICC also offers a host of smart products and solutions and the IBCs registered within the jurisdiction are often used for wealth management and asset protection purposes, allowing the IBCs to hold shares, assets in local or internationally registered companies and also own real properties, open banking accounts at both local and international banks.

COMPANY TYPES

  • Company Limited by Shares

    In a Company limited by shares the liability of the shareholders to creditors of the company is limited to the capital originally invested.

  • Company Limited by Guarantee

    Can be registered as a company authorised to issue or not to issue shares, with the name of the company ending with “Limited” or “Incorporated” or the abbreviation “Ltd” or “Inc”.

  • Special Purpose Vehicle

    Special companies with only limited corporate capacity to carry out specific functions. These companies act as special vehicles and are usually used to issue debt instruments.

  • Segregated Portfolio Company

    Also known as a protected cell company, this type of company demarcates the assets and liabilities of different classes (or sometimes series) of shares from each other and from the general assets of the SPC.

  • Unlimited Company

    A hybrid corporation created with or without share capital, the shareholders or members have a joint, several and non-limited obligation to supply any insufficiency in the assets of the company to enable settlement of any outstanding financial liability in the event of the company’s formal liquidation.

  • Transfer of Domicile

    The method which enables a company to move its domicile from one jurisdiction to another by changing the country in which it’s registered or incorporated without changing its legal identity. Used for many purposes, most often to make most of tax free environment and/or to take advantage of Double Taxation Agreements, to make entry into special capital markets or to match their place of registration with their shareholder base.

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OPERATIONAL SERVICES & PROVISIONS

INCENTIVES & BENEFITS

  • Conduct business as an international entity
  • State of the art legislation
  • Allowance for foreign ownership
  • Dispute resolution for settlement of commercial disputes
  • Local and international bank accounts
  • Considered as “’white listed” jurisdiction by OECD and FATF
  • Conducting business without corporate/personal taxes
  • Protecting investments in other foreign countries
  • Simpler transfer of assets and properties held in several countries
  • Transfer of domiciliation or Continuation
  • Allows ownership of real properties
  • 100% foreign ownership
  • Zero taxes

Office 611 & Lobby Level

The Fairmont Dubai,

Sheikh Zayed Road

PO 33964 Dubai

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