Type of company: IC (International Company)
Restrictions on activities: insurance, reinsurance, banking.
Shareholders: Person/entity may be a shareholder.
Directors: Person/entity may be a director. If director is corporate body – such right (for company to become a director in the other company) should be mentioned in its memorandum or articles of association.
Registered Agent: is required
Accounting: no requirements for the accounting statements. Director should keep books in a way convenient for him
Audit: not required
Taxation: no taxation
Exchange Control and Regulation: No
Benefits of RAK IC:
- high level of confidentiality.
- Restricted bearer (custodian) share is possible
- choice of law regarding the inheritance, disputes solution etc is possible
RAK IC IBC
Walton Consultants DMCC