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RAK - UAE Company Formation Services

Q. Which type of RAK company do I need - RAK IC or Free Zone?

Q. Do I need to visit RAK to form a RAK IC company?

Q. What paperwork do I need to open a RAK IC company?

FREQUENTLY ASKED QUESTIONS Company incorporation Bank account opening

Q. Can I open a bank account for RAK IC company in the UAE?

Q. Can I open a bank account for RAK IC remotely elsewhere?

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Why RAK and not one of the other Emirates?

Simply, this is a question of

1. Cost and convenience. – Generally RAK companies are considerably cheaper to form than their equivalents in Dubai and the other Emirates. (See RAK formation fees)

2. No accounts or audit requirements. Dubai for example requires accounts to be prepared, audited and filled. RAK has no such requirement.

3. Formalities. RAK offshore companies are easier to form e.g. only one director is required and may be a corporate. Dubai for example requires two directors and does not allow them to be corporate.

About us

Who we are

As licensed company service providers in Ras Al Khaimah, our company, TMS FZE can provide a one stop solution for all your RAK company needs.   

What we offer

We offer very competitive prices whilst providing flexible and a fully professional service to our clients.

About RAK

The UAE is fully sovereign Constitutional Federation of seven emirates: Abu Dhabi, Dubai, Sharjah, Ajman, Umm Al Quwain, Ras Al Khaimah and Fujairah.


RAK (Ras Al Khaimah) is located on the eastern side of the Arabian Gulf. It is about an hour’s drive from Dubai and from Dubai airport. A little further away is the international airport of Abu Dhabi.

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Why Form a RAK company?

Taxation and Privacy

There are no corporate or personal taxes in RAK, UAE

There are many jurisdictions offering offshore companies however what distinguishes RAK from many others is that it is a ‘no tax emirate’. There are therefore no personal or corporate taxes at present.

RAK has three TIEAs (Tax Information Exchange Agreements)

Other than Sweden, Denmark and Norway UAE, including RAK, has not signed TIEAs with other countries.

The United Arab Emirates is NOT on any blacklist e.g. OECD, FAFT, EU etc., nor it is under any pressure from these organisations - unlike the BVI, Cayman Islands etc. that are UK overseas territories. Even the independent tax havens e.g. Seychelles, Belize etc are very dependent on their offshore sectors. They are therefore subject to pressure, particularly by the Americans and the EU.  

Privacy of information

Directors & shareholders.

There is no public record of the directors and shareholders and the company registry is NOT open to public inspection. Beneficial owner information is not provided to RAK ICC /  government and therefore cannot be disclosed by them.

No audit or accounts filing requirements.

There is no requirement to audit or file accounts, however, as with all companies, accounts should be maintained and provided to shareholders.



RAK is not on any blacklist e.g. OECD, FAFT, EU.

Complete privacy - NO public record.

RAK has no corporate or personal taxes.

Form a RAK Company

 … rather than a classic tax haven IBC (e.g. BVI, Belize, Seychelles).

Ras Al Khaimah (RAK) offers more than any classic tax haven:-

NO accounts filing requirements.

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