Using your RAK company

Registrar of Companies
The Registrar of Companies functions as the production unit of RAK offshore and is responsible for establishing business relationships, incorporating offshore companies through licensed registered agents, and ensuring all rules and regulations are strictly adhered to. The Registrar of Companies will handle all matters related to the aforementioned, including:

• Process applications for incorporation of new companies and deliver certificate of incorporation with registration number
• Perform due diligence on the individuals (directors, members, etc.) who are part of the incorporated company.
• Verify the names of companies at incorporation
• Collect various fees and fines
• Deliver certificates, duplicates, or other documents as per the law
• Maintain the physical registry
• Update the Register of Companies as needed

Information AT-A-GLANCE

International Business Companies
Shareholders Minimum Residencyrequirements	1 shareholder No requirements
Share Capital Minimum authorized Minimum issued Bearershares Redeemable shares	Nomínimum requirement 1 share No Yes
Beneficialownership disclosure	Not required to disclose to the UAE government, but must be disclosed to a registered agent
Directors MinimumNumber Residency requirements Corporate Directors	1 director No requirements Yes
Local presence requirements Directors Company officers Meetings Annual general meeting Audit requirements	Not required Not required Not required Not required Not required (unless requested by the RAK Financial Services Authority for suspicion of criminal activity)
Annual accounts Possibility of migration	Yes, but not public accounts Yes
Share transfer duty/tax	None
Special mention on the name	Ltd., Sociéte Anonyme, GmbH, Ltda…

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If you need to start your RAK company contact us through our website, by email, Bitwine or Skype