usual authorised share capital is AED 1,000. Minimum paid up is fully paid.
Bearer shares are not permitted.
A company is permitted to hold treasury shares. All rights and obligations attached to a treasury share will be suspended and shall not be exercised by or against the company while the company holds the shares as treasury shares.
The RAKICC Business Companies Regulations 2016 permits a company to issue bonus shares, partly paid shares or nil paid shares.
- The minimum one director is required.
- Directors may be of any nationality.
- The names of directors do not appear in public records.
- Shareholders may be of any nationality.
- Only one shareholder is required who may be the same person as the director.
- The shareholder can be a person or a corporation.
Beneficial Owner’s Statement per beneficial owner need to be provided for incorporation in RAK (UAE).
As a member of the World Trade Organization (the WTO) and as a party to various regional free trade agreements throughout the GCC, the UAE has low rates of tariffs.
There is no federal corporate or income tax levied in the UAE (except on oil companies and banks). With RAK corporate taxation: 100% foreign ownership & Zero taxes.
No requirement to publish annual accounts. Private companies in United Arab Emirates are not required to publish or disclose balance sheets, this information is strictly confidential and not available from other sources.
You must have a registered agent and registered office in the UAE and we can provide this service.
Double Taxation Agreements:
UAE has signed Double Taxation Agreements (DTAs) with 66 countries, including Austria, Belgium, Canada, Indonesia, Malaysia, New Zealand and Singapore;