Ras Al Khaimah (RAK) is a fast developing city and emirate, situated against the backdrop of the Al Hajar Mountain Range, in the north of the UAE.
In September 2006, Ras Al Khaimah(RAK) Government launched an offshore facility, the second in the UAE, which is regulated by the Ras Al Khaimah (RAK) Free Trade Zone Authority International Companies (RAK IC) Regulations 2006.
Characteristics of an RAK IC registered in the RAKFTZ are as follows:
Renewals for RAKFTZ-IC falls every anniversary date of incorporation. Failure to do so result in penalties.
In the event the company is not renewed within 6 months of the renewal due date, the company will be struck off from the registrar of the companies.
Latest valid passport copy and recent utility bill for address proof of shareholder/director are required to be submitted at every renewal as a part of enhanced due diligence. If shareholder is a corporate entity, then latest certificate of incumbency and above stated docs of directors would be required.
Documents Required: Individual’s KYC Docs:
Corporate Shareholder’s KYC:
Note: Item 1- 4 are to be attested upto UAE/Consulate Ministry.
Whilst every effort has been made to ensure that the details contained herein are correct and up-to-date, it does not constitute legal, tax or other professional advice. We do not accept any responsibility, legal or otherwise, for any errors or omissions.