Dubai – RAK Offshore company key facts

DUBAI (RAK) OFFSHORE COMPANY FEATURES

General
Type of CompanyLimited by shares
Political StabilityExcellent
Common or Civil LawAny
Disclosure of Beneficial OwnerYes
Migration of Domicile PermittedYes
Corporate TaxationNil
Language of NameEnglish or Arabic
Corporate Requirements
Minimum Number of Shareholders / MembersOne
Minimum Number of Directors / ManagersOne
Corporate Directors / Managers PermittedYes
Usual Authorised CapitalDhs 1,000 (minimum)
Minimum paid upFully paid
Local Requirements
Registered Office/AgentYes
Local Partner(UAE National or Company owned by UAE National) No
Local DirectorsNo
Local MeetingsNo
Government Register of Directors / ManagersYes
Government Register of Shareholders / MembersYes
Annual Requirements
Annual ReturnNo
Submit AccountsNo
Recurring Government Costs
Minimum Annual Tax / Licence FeeAED 2,000
Annual Return Filing FeeNA