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Key Corporate Features & Document Requirements for RAK

Updated time: Dec 9, 2015 , 11:06 (UTC+08:00)

RAK

General
Type of Company Limited by shares
Political Stability Excellent
Common or Civil Law Any
Our time to establish a new company Normal with 4 working days or 2 working days in urgent case
Disclosure of Beneficial Owner Yes
Migration of Domicile Permitted Yes
Corporate Taxation Nil
Language of Name English or Arabic
Corporate Requirements
Minimum Number of Shareholders / Members One
Minimum Number of Directors / Managers One
Corporate Directors / Managers Permitted Yes
Usual Authorised Capital Dhs 1,000 (minimum)
Minimum paid up Fully paid
Local Requirements
Registered Office/Agent Yes
Local Partner (UAE National or Company owned by UAE National) No
Local Directors No
Local Meetings No
Government Register of Directors / Managers Yes
Government Register of Shareholders / Members Yes
Annual Requirements
Annual Return No
Submit Accounts Yes
Recurring Government Costs
Minimum Annual Tax / Licence Fee AED 2,000
Annual Return Filing Fee NA
 

Documents required from customers

  • Passport of each shareholder/beneficial owner and director
  • Proof of residential address of each director and shareholder (Must be in English or certified translation version)
  • The proposed company names
  • The issued  share capital and par value of shares


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