The United Arab Emirates (UAE) is formed out of seven constituent emirates. The UAE is well known for its pro-business stance, with the creation of Free Trade Zones in which business can be carried out. Free Trade Zones exist in Abu Dhabi, Dubai and Ras Al-Khaimah (RAK).
Although the Emirate of Ras Al-Khaimah (RAK) is not a popular tourist destination like Dubai, it is highly popular amongst foreign nationals who wish to open a company in the Emirates. It’s also very close to Dubai, with a car journey lasting under an hour, making it an ideal destination for people who want to keep a foot in both Emiratis.
One can incorporate the 'Offshore Company', which can be 100% foreign owned, but cannot do business in the UAE but must engage only in international trade, or an LLC which can only be up to 49% foreign owned but which can engage in business in the UAE. The registry is not accessible to the public, ensuring privacy. RAK does not require the filing or submission of accounts.
The RAK Investment Authority is accessible here: RAK Investent Authority
No tax or stamp duty is charged in the RAK Freezone.