RAK Offshore Company Formation

Details of International Business Company (offshore in RAK):

• Permitted to have only one subscriber and thereafter only one shareholder.
• Permitted to have only one director, who must be an individual.
• Director and shareholder need not be local resident.
• Meetings of directors or shareholders may be held in any country.
• No financial reporting and audit requirements.
• No requirement to file accounts and annual returns.
• No restriction on residency and citizenships of directors and shareholders.
• Absolute confidentiality – no public access to the companies registry.
• Share capital AED1000 – no requirement to pay.
• Corporate tax, VAT, withholding tax – 0%.
• Can have bank account in UAE.
• All company documents in English.

Please note that information given on this page is subject to change at any time without notice as a consequence of changes made in local legislation.