OFFICES

UNITED ARAB EMIRATES

UNITED ARAB EMIRATES

OCRA Arabia FZC provide a complete range of professional corporate services for the incorporation and management of offshore and international companies.

We have particular expertise with regard to the establishment, management and application of Ras Al Khaimah International Company. Our client base
is diverse and includes professional firms, expatriates, businesses, entrepreneurs and high net-worth families and individuals.

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SERVICES

  • Particular expertise with regards to the establishment, management and application of RAK International Company.

  • Company secretarial services
  • Provision of professional directors and nominee shareholders
  • In-house accounting
  • Registered Office

ABOUT UNITED ARAB EMIRATES (UAE)

Located along the south eastern tip of the Arabian Peninsula, the current population is approximately 250,000 but this is expected to raise to 400,000 by 2017.

The UAE is one of the wealthiest countries in the world with a GDP of US $103 billion (2004).

The UAE has the third largest proven oil reserves, however RAK has broadened its economic activity to include an industrial platform, real estate, trade and manufacturing.

Type of Law: Federal, except for Dubai and Ras Al Khaimah who maintain their own judicial systems.

The emirate of Ras Al Khaimah is strategically located between Africa and the Middle East and between the Far East and Europe, making it a gateway to over 1.5 billion consumers located in countries surrounding the Red Sea and the Gulf.

Its infrastructure is of the highest standards with access to more than 170 shipping lines and approximately 86 airlines connecting to over 100 cities worldwide.

English is the official language of business but Arabic, Persian, Hindi, and Urdu are widely spoken.

UAE COMPANIES

Ras Al Khaimah International Company (RAK IC)

The International Company (IC) is the most popular option for foreign companies seeking to establish a presence in the UAE:

  • Can only operate within the activities detailed on the Memorandum
  • Companies Law stipulates that an IC may engage in any lawful activity except for insurance, banking and the investment of money for others and restrictions apply to conduct local business.
  • In certain circumstances, the prior consent of a Federal Ministry or competent local authority will be required. These activities include: Oil & Gas, Banking & Investment, Financial Services, Insurance, Media, Transport, Construction, Telecommunications, Real Estate Management, Architectural and Engineering Consulting, Tourism, Shipping, Civil Aviation, Legal Services, Medical Services, Education.
  • Registered Office must be maintained in the RAK
  • Classes of shares may neither be negotiable or divisible. Ordinary shares, preferred shares, deferred shares, and shares with or without voting rights.
  • There is no Corporate, Withholding or Personal taxation.
  • There are no double taxation agreements
  • Minimum of one director is permitted
  • Minimum of one shareholder is permitted

CONTACT DETAILS

OCRA Arabia FZC
RAK Free Trade Zone
P.O Box 16111
Ras Al Khaimah
Free Trade Zone (RAK FTZ)
United Arab Emirates
T: +230 217 5100
F: +230 217 6300
Time in Ras Al Khaimah is:

KEY CONTACTS

MANAGING DIRECTOR
Dharmesh Naik
B.Eng, Cert (Comp), Cert.ICSA, TEP, F. MIoD, MICA
Dharmesh Naik is a graduate of the University of Allahabad in India where he obtained his Bachelor of Engineering in Computer Science. He joined the group in 2000 after spending almost 3 years with Siemens. Dharmesh is a Registered Trust and Estate Practitioner (TEP) with the Society of Trust and Estate Practitioners (STEP) and a member of the International Tax Planning Association (ITPA), International Fiscal Association (IFA) and the Institute of Corporate Governance in Mauritius. He is a fellow of the Mauritius Institute of Directors(MIoD). He is responsible for the Indian Ocean region, Africa, Middle East and India. He is also responsible for the group's IT implementations as well as group marketing.
M: +971 502 937 530
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Disclaimer: Whilst every effort has been made to ensure that the details contained herein are correct and up-to-date, it does not constitute legal or other
professional advice. OCRA Worldwide does not accept any responsibility, legal or otherwise, for any errors or omission.