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:

Panama Law 52: Updated legislation for all legal entities

Panama Law 52: Updated legislation for all legal entities

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