Office No: 208, Rawdat Al Wasl Bldg, Near Mazaya Center, Business Bay, Dubai

Ras Al Khaimah International Company

Similar to the concept of offshore company, the Ras Al Khaimah International Corporate Centre (RAKICC) have laid down the regulations to incorporate International Companies. The regulation prescribes that the incorporation of the International Company shall be through a registered agent. The firms of accountants and lawyers approved and licensed for that purpose by the RAKICC are permitted to provide services to clients for registering International companies, registered office and for acting as the agents for the companies.

Salient features of the International Company are:
  • Companies will have a limited liability status and the possible name suffixes are ‘Limited’ or ‘Incorporated’
  • Companies can be formed with a minimum of one shareholder and there is no upper limit on the number of shareholders
  • Minimum of one director is required and there is no restriction in one person assuming these offices or exercising the said capacities
  • Corporate director and shareholder allowed
  • No minimum capital requirement
  • Shares can be of different classes
  • Shareholders and directors are not required to be personally present before the authorities for incorporating the company but will need to be present before the registered agents to sign the relevant documents
  • Provision for the shareholders/members to apply the applicable law of their choice
  • Requirement to have an approved registered agent either within the Free Zone or outside the Free Zone but within UAE
  • International trade is allowed
  • Provision to reserve the company name during the pre-incorporation period, subject to a maximum of 90 days and by paying the prescribed fee
  • No personal or corporate income tax
  • Foreign names and characters may be included in the company’s name subject to the approval from the authority
  • It is not mandatory to submit the accounts audited on an annual basis. However, it should be maintained annually.
  • The international company will not be entitled to any residence visas in the UAE

International companies are allowed to: 

  • Have contacts with legal consultants, lawyers, accountants and auditors in UAE
  • Have bank account in UAE
  • Become shareholders in a new or existing companies in UAE
  • Hold shareholders and directors meeting within UAE

International companies are not allowed to: 

  • Carry on business with persons in the Zone
  • Carry on a banking business
  • Carry on business as an insurance or re-insurance company, insurance agents or insurance brokers
  • Carry on any other business which may, by regulations be prohibited by the authorities

International Companies can be suitably utilized for the following:

  • International trading
  • To act as a holding company and to hold investments either in UAE or foreign countries
  • For holding properties in foreign countries and certain properties in UAE