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Ras Al Khaimah Company Formation

  
Location shot for Ras Al Khaimah company formation





AVERAGE ENGAGEMENT COSTS

Limited liability company
US$40,000 to50,000 *

Free Zone Company Set Up
US$15,500 *

Annual costs from Year 2
 US$4,100

Local sponsor fee
US$15,500**

Company de-registration
US$3,450

* Depending on corporate structure and professional services required by our clients.

**Excludes US$3,300 refundable deposit.


If properly structured, Ras Al Khaimah company formation is a legitimate, tax-efficient, and cost effective way to conduct international business. The following information will help to determine whether Ras Al Khaimah company formation is the optimum corporate structure to fulfill your international business objectives:

Advantages of Ras Al Khaima Company Formation

1.
Ras Al Khaimah company formation is an excellent alternative corporate structure to Dubai free zone company formation, with faster incorporation procedures and a wide choice of office and warehousing facilities.
2.
If properly structured, Ras Al Khaimah company formation is an ideal way to legitimately book international profits without paying local corporation tax. In addition, there are no capital gains or personal income taxes in Ras Al Khaimah.
3.
Ras Al Khaimah company formation permits 100% foreign ownership, if the investor opts to set up a company in Ras Al Khaimah Free Trade Zone. Ras Al Khaimah Free Trade Zone is highly regulated and has a wide choice of office and warehouse facilities.
4.
A minimum of one shareholder and one director is required to comply with company formation regulations in Ras Al Khaimah Free Trade Zone. There is no restriction on the maximum number of shareholders, and corporate shareholders are allowed. There is no register of shareholders or directors with Ras Al Khaimah company formation.
5.
Through a Ras Al Khaimah Offshore Company, it is possible to have a Ras Al Khaimah entity and business address, without the legal requirement to rent a physical office and employ staff.
6.
Through a Ras Al Khaimah Branch Company, investors can wholly own the entity and not be subject to an annual audit.
7.
Ras Al Khaimah is strategically-located close to the Straits of Hormuz and only 40 minutes away from the centre of Dubai.
8.
Investors choosing Ras Al Khaimah company formation can take advantage of abundant supplies of competitively-priced energy.
9.
Healy Consultants will open a corporate bank account for our Client to support Ras Al Khaimah company formation.
10.
Following Ras Al Khaimah company formation, Healy Consultants assists our Clients to obtain UAE residence and employment visas. For more information, kindly visit our Migration and Relocation services page.
11.
The UAE is perceived as the 28th least corrupt country in the world, according to the 2011 Corruption Perceptions Index by Transparency International, a global measure of corruption amongst public officials and politicians.
12.
 Strategic location with access to over 1.2 billion consumers in the Middle East and Africa.
13.
The Ras Al Khaimah economy is estimated to grow up to 12% during 2010, according to the Ras Al Khaimah Investment Authority (RAKIA)
14.
Tourism is set to increase dramatically thanks to openings of many new hotels and part of an initiative that is hoping to increase visitors numbers to over 2.5 million by 2012, as reported by Gulf News.
15.
Discussions are ongoing with countries such as the US and Japan to create Free Trade Agreements, potentially giving UAE firms, including those in Ras Al Khaimah, free access to a markets numbering over 500 million people.

Disadvantages of Ras Al Khaimah Company Formation
1.
A Ras Al Khaimah LLC requires a minimum of two shareholders. There are no specific minimum capital requirements after this was recently abolished in the UAE. Capital requirements are based more on factors such as size, nature and goals of business. This reform is attractive to small and medium enterprises who may have been unable to undertake Ras Al Khaimah due to the level of capital required.
2.
A Ras Al Khaimah limited liability company (LLC) requires a minimum 51% shareholding by UAE citizens.
3.
A Ras Al Khaimah offshore company cannot trade products or provide services within the UAE, and cannot rent local premises or open a corporate bank account in the UAE.
4.
Following Ras Al Khaimah company formation, most entities are required to submit annual audited accounts to the Ras Al Khaimah government.
Contact Us
For more information on Ras Al Khaimah company formation, email email@healyconsultants.com or call us at (+65) 6735 0120.
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