FAQs

After receiving all documents it may take from 2-5 days for completing the formation of the RAKOC, including but not limited to preparing and submitting the Application, negotiating details and signing the Articles of Association and to negotiate and/or comply with requests RAKIA may ...

The following documents are required from the Applicant Company: Board Resolution of the Applicant Company for the formation of a RAK offshore company and a power of attorney for M&P to do the formation procedure (the draft will be provided by M&P) and to ...

The Applicant has to submit the following documents; Passport copies of the shareholder(s) / members; Certificate of good standing of the shareholder(s) / members from their bank (bank statement may be required by the local bank in order to open a bank account in ...

The Law does not require a specific amount nor does it provide a “standard share capital”. Generally an amount of Dhs 10.000,- (10 shares with share value of Dhs 1000) appears sufficient and acceptable to the Ras Al Khaimah Investment Authority (RAKIA). The share ...

RESTRICTION ON ACTIVITIES 23. (a) A company, established under these Regulations shall not:- (I) carry on any business or activities prohibited by the Authority or any other applicable law of the Ras al Khaimah Emirate or the United Arab Emirates; (II) enter into business ...

RAK Offshore Company may have maximum 3 different activities. Generally speaking the objects of a RAK Offshore Company may be: General Trading; Holding; Services/Consulting; Serving as an instrument for inheritance issues. etc