R.A.K. International Business Company

General Information

  • Type of Company – International Business Company (IBC)
  • Legislation – N/A
  • Company name - Non-English names are permitted
  • Time-scale for incorporation – 3 days
  • Change in domicile is permitted
  • Double tax treaties – with 53 countries
  • Shelf companies are not available
  • Taxation on profits - Nil

Local Requirements

  • Registered Office is required
  • Company Secretary is required
  • Corporate directors are permitted
  • Public recording of initial directors is not required
  • Annual meetings can be held at any location

Corporate Requirements

  • Minimum number of shareholders - One (1)
  • Minimum number of directors - One (1)
  • Minimum capital requirement - One (1) in the currency specified in the Memorandum and Articles of Association
  • Standard Authorised Capital - N/A
  • Bearer shares are not permitted.

Annual Requirements

  • Annual return is not required to be filed
  • Statutory accounting  and and annual audit are required
  • Annual government registration fee is AED2,500
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