RAK-International Company (RAK-IC), UAE

RAK is a well established solution in the IBC market and since its launch in 2007, it has invested heavily in its infrastructure and grown rapidly. As one of the seven Emirates of the UAE, it has certain unique qualities which are highly effective for international business, namely:

  • 100% foreign directors and shareholders allowed,
  • Can open a UAE bank account or anywhere else in the world,
  • Highly confidential, with no public register,
  • The offshore company will be exempt from all corporate and income taxes,
  • There are no foreign currency restrictions,
  • Full repatriation of the offshore companies profits and capital is allowed,
  • Low set-up costs and only a minimal capital is required,
  • Can own property in the UAE and can act as a Holding company.
The dis-advantages of establishing an IBC in RAK
  • Cannot undertake business within the UAE, but can of course do so elsewhere in the world,
  • Cannot carry on a business of banking, media or insurance.
Possible uses of a RAK-IC

A RAK-IC is an equivalent alternative to other IBC's in zero tax jurisdictions and can therefore be utilised in full as either a Holding Company, Services or Trading Entity. It offers a strategic advantage being situated mid-way between Europe and the Far-East and is entirely independent of those jurisdictions.

List of Double Tax Avoidance Agreements in force with RAK

Algeria, Armenia, Austria, Azerbaijan, Belarus, Belgium, Bosnia & Herzegovina, Bulgaria, Canada, China, Czech Republic, Egypt, Finland, France, Germany, Greece, Holland, India, Indonesia, Italy, Kazakhstan, Korea, Lebanon, Luxembourg, Malaysia, Malta, Mauritius, Mongolia, Morocco, Mozambique, New Zealand, Philippine, Poland, Pakistan, Romania, Seychelles, Singapore, Spain, Sri-Lanka, Sudan, Syria, Tajikistan, Thailand, Tunisia, Turkmenistan, Turkey, Ukraine, Uzbekistan, Yemen, Vietnam.

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Signia Group
Level 4, Al Mamoura Bld 'B' Mohamed Bin Khalifa Street,
PO Box 46400, Muroor, Abu Dhabi, United Arab Emirates.

Tel: +971 (0)2 659 4021

Fax: +971 (0)2 659 4019

Email: info@signiagroup.com