United Arab Emirates

The United Arab Emirates (“UAE”) is situated in the southeast of the Arabian Peninsula on the Persian Gulf. The UAE comprises of seven Emirates and is strategically located at the crossroads of trade and commerce between Europe and the Far East. The Emirates are increasingly being recognized as a regional hub for the Middle East, North and East Africa, and the Indian subcontinent.

The business license is usually required for businesses as a bank, an insurance company, a broker, a trust or any other type of financial institution. However, no license is required for standard activities like international consulting, receiving commissions, top-holding of a corporate structure etc.

Below please find general features of Ras Al Kaimah („RAK“) International Business Company („RAK IBC). Ras Al Khaimah is one of the Emirates of the United Arab Emirates.

Legal formInternational Business Company (IBC)
LegislationRAK Offshore Regulations 2006
Foundation timeOnce received all required documents from a client, a new IBC is incorporated in 1 week and documents are delivered within 3 weeks.
ShareholdersMinimum required: 1
Form: physical person/corporate body (both possible)
Nationality: Any (UAE nationality is not necessary)
DirectorsMinimum required: 1
Form: physical person/corporate body (both possible)
Nationality: Any (UAE nationality is not necessary)
Others: local director recommendable to ensure higher anonymity; secretary is required but can be the same person as the director
Share capitalNo specific requirements
Bearer sharesAllowed (but to be held by a custodian in the UAE only)
TaxesNo taxation in the UAE: no corporation tax, no withholding taxes, no VAT. However, the Ministry of Finance cannot issue a tax residency certificate.
AccountancyFiling of accounts not required
AuditNot required
Anonymity and confidentialityDetails of ultimate beneficial owners/shareholders/directors are not part of public record. This information is only known to the licensed Registered Agent and is therefore kept in complete confidentiality.
OtherRegistered office: must be maintained in the UAE
Others: May only have customers outside the UAE and may not have suppliers in the UAE except suppliers providing professional services.

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Our services fulfill Czech Standard - ČSN EN ISO 9001 & Czech Standard - ČSN ISO/IEC 27001