News & Articles | Page 31 of 59

When speaking about banks and the financial system of the UAE, it is necessary to note a few features of this system. First of all, historically the banking system was being shaped based on the UK financial system...

International business companies or RAK ICC companies of the UAE are the companies which have some certain special regulations in terms of permitted types of activities and territory where such companies can do business. These companies can do business anywhere in the world except of the UAE...

There are 3 fundamentally different types of companies in the United Arab Emirates: offshore companies, onshore companies operating in the Free Trade Zones and the companies on the main territory of the UAE. Each of these types of the legal entities is governed by its own regulations with respect to all permitted and prohibited words and terms used in company names, as well as the indication of a legal form at the end of the company names...

In recent years, structural changes have occurred in the Emirate of Ras Al Khaimah's corporate system, affecting the registration framework for international commercial and offshore companies. Previously, two separate registries operated in the emirate: RAK IBC international business companies, registered through the RAK FTZ free zone authority; RAK Offshore companies, registered through the RAKIA investment authority...

Nowadays, there are numerous ways of improving the effectivity of the already existing company. One can relocate company to another jurisdiction, replace its registered representative office or change the location of its head office...