RAK Offshore Company Formation

RAK Offshore Company, UAE

Main data

Company type

RAK International Company, (offshore)

Place of doing business

Worldwide except UAE

Time for incorporation

2-3 business days from the day when all the required company documents are provided by the customer

Registered address

Provided by Alliance Business Advisors, Dubai as the offshore companies registered agent in UAE

Registered Agent

Required for RAK offshore company formation and any further requests to the companies registry.

Legal status

Limited Liability Company (Ltd.)

Company tax residency in UAE

No

Possibility to receive residency visas over the company

No

Ready (shelf) companies

No. RAK offshore company formation takes 2 to 4 days only.

Note

The RAK offshore incorporation documents do not have the word „Offshore“

Director

Total number

From 1 to 6

Local director

Not required

Access to information

No open companies registry

Place of directors meetings

No limitations

Personal presence within incorporation

The entry stamp to the UAE is required at the time of RAK offshore company formation.

Shall be not older than 3 month.

Alternatively the offshore company documents can be certified by our company authorized representative

Shareholder

Total number

From 1 to 50

Local partner

Not required

Access to information

No open of offshore companies in UAE registry

Place of shareholders meetings

No limitations

Personal presence within incorporation

The entry stamp to the UAE is required at the time of RAK offshore company formation.

Shall be not older than 3 month.

Alternatively the offshore company documents can be certified by our company authorized representatives

Secretary

Total number

1

Access to information

No open registry

Share capital

Standard share capital

AED 10.000,-

Minimum share capital value per share

AED 1.000,-

Share capital payment

Not required

RAK company Financial reporting

Requirement for accounting

Audit is not required.

It is advisable to keep the company bank statements, invoices, etc.

Requirement for appointment of auditor

No

Requirement to file the yearly audited balance

with the companies registry

No

Rak Offshore company bank account opening in Dubai, UAE

Bank account opening

Possible to open call account (without the issuance of debit card and cheque book)

Credit card possible with the security deposit at the bank

Time to open company account

From 2 days

Personal presence of shareholder at the time of account opening

Required

Bank account opening abroad

Bank account opening

Yes, possible

Time to open bank account

From one week.

Personal presence of shareholder at the time of bank account opening

Depends on bank requirement.