Ras Al Khaimah: Types of Company
International Business Company
The RAKIA international business company regime is established by the RAK Offshore Regulations, 2006. For RAKIA Offshore companies there are no restrictions on the number of shareholders or directors, and they are under no obligation to hold an annual meeting or to file audited accounts. The only information displayed on the register is the name of the company and the date of incorporation, thus a high degree of confidentiality is in place.
RAKIA offshore companies cannot conduct business locally except with those supplying accounting, audit, legal and banking services, and staff cannot be employed locally.
Incorporation typically takes one day and costs US$950 regardless of share capital or type. Annual registration costs US$680.