Company Administration Guidelines

Share Capital:

  • There is no minimum share capital requirement.
  • Bearer shares are permitted. Par value of each share must be AED 1,000. Different classes of shares are permitted and shares have to be fully paid when allotted.
  • A minimum of one shareholder is required and Corporate Shareholders are permitted. Shareholders decide the capital structure of the company.

Directors:

  • 100% foreign ownership is permitted
  • A minimum of one director is required and corporate directors are permitted.
  • Details of directors are not available for public inspection.

Restrictions on Name & Activity:

  • RAK Offshore Company names must end with Limited or Incorporated
  • The following names and their associations cannot be used; Assurance, Bank, Building Society, Chartered, Imperial, Insurance, Trust

Local Requirements:

  • Every Offshore Company in RAK has to have a registered office in RAK which is used as the business address of the company
  • It is obligatory to have a secretary for a RAK Offshore Company.

Confidentiality:

  • RAK Offshore Companies offer complete privacy and confidentiality, owners of IBC’s are kept confidential under law

Take the next step, we are here to help.

Register a RAK company.
Open a RAK bank account.

  Resources:

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Reasons for the Prevalent Misappropriation of Public Funds by Officials in CIS Countries

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Thorough analysis of the nature, content and determinants of the offence of misappropriation of public funds by officials, it gives grounds to reach the conclusion that a lot of different reasons somehow ‘provoke’ and ‘give the possibility’ to commit this offence.

Notional Interest Deduction: A Useful Tool for Cyprus Companies

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Dormant Companies: A Definition by the Cyprus Inland Revenue Dept

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Following Circulars No.2011/11 and No.2011/5, this article will explain what a "dormant company" is, its symptoms and consequent requirements. The following is an extract from PART 1.7 of the "Company Income Statement" form (EP 4), whereby a definition of a dormant company is considered to be a company that meets the following conditions:

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Information Security & Factors that Contribute to Data Leakage in the Ukrainian & UK Banking Sector

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