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Oxford Management is a registered agent of RAK and provides incorporation, management and administration services for RAK entities.
The RAK Investments Authority (RAKIA) was founded following the Emiri Decree No. 2/ 2005 issued by H.H Sheikh Saqr Bin Mohammed Al Qasimi, the Crown Prince and deputy ruler of Ras Al Khaimah. RAKIA was developed in order to enhance the industrial and business opportunities and comprehend a long-term strategy for the socioeconomic development of the emirates. Since its establishment more than 2000 offshore companies have been formed.
RAK is strategically located at the northern end of the Arabian Gulf coastline. It is part of the UAE which is amongst the most financial and politically stable countries in the world. It is 45 minutes drive from Dubai and shares mountain border with the Sultanate of Oman.
RAK Offshore is conveniently structured to bridge the gap that exists in the regional and global offshore opportunities that are available to businesses and financial companies as well. RAK Offshore has mainly been established so as to address the business needs of investors in the Gulf, Russia & CIS countries, Middle East, South Asia and Europe among other countries.
RAK Offshore provides an economically viable environment for businesses whose origin is in the Middle East and the Gulf. This is mainly due to the existence of the close geographical proximity and similarities between RAK Offshore and these countries. These countries enjoy very close and tight business links with United Arab Emirates.
RAK Offshore stands to benefit greatly from the asset protection crisis and political unrest that affect most countries in the region.
RAK Offshore provides a great offshore option for Russia and CIS countries as these countries are faced by great political and economical problems. These problems are including political unrests, weak currencies, very unfavourable foreign exchange controls and asset protection problems among other challenges.
Companies in these countries have a very clear image of UAE as one of the leafing business centres across the globe. This coupled with the exceedingly great benefits accrued from investments in GCC markets and fast growing economies makes RAK OFFSORE the ultimate offshore location for companies in these countries.
RAK Offshore Company Formation and Its Advantages
RAK companies are exempt from all taxes on income and wealth.
Once all documents are received at our office Incorporation can be completed within three working days.
The International Company must have at least one director.
There must be a secretary. The company director can serve as the secretary.
The company must have at least one shareholder. They may be individuals or corporate entities. No restriction on residence and nationality.
As registered agent shall provide a registered office address for the company which shall be the company’s address of record with the authorities and for correspondence.
Share capital may be in USD. No minimum capital requirement for International company. e.g. 1000 USD. Share capital must be paid up but there is no requirement to submit documentary proof of payment to the registrar.
An international company is required to pay the license fee before the relevant day of its incorporation to remain in good standing.
The name of the company should not be similar or identically related to that of an already existing company. The company’s name should not be a name that contains a registered trademark that is not owned by the new company (company being named).The name of the company should not be undesirable, misleading or offensive based on the registrar’s judgement. The company should not use the name of a major international company where there is no written consent of incorporation.
In line with ensuring that clients’ confidentiality is maintained at all times, RAK OFFSHORE has set very high standards as far as internal, local, federal and international compliance is concerned.