Dubai – RAK Offshore company key facts

DUBAI (RAK) OFFSHORE COMPANY FEATURES

General
Type of Company Limited by shares
Political Stability Excellent
Common or Civil Law Any
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 No
Recurring Government Costs
Minimum Annual Tax / Licence Fee AED 2,000
Annual Return Filing Fee NA