Type of company: Offshore company
Registered capital: AED 10 000 ( $2 740)
Restrictions on activities: insurance, reinsurance, banking, aviation, media.
Shareholders: Person/entity may be a shareholder.
Directors: Person/entity can be a director.
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 Offshore company:
- confidentiality: registers of directors and shareholders are closed and can be disclosed only in case of court order in criminal case in UAE;
- fast and easy incorporation;
Walton Consultants DMCC