R.A.K. International Business Company

General Information

• Type of Company – International Business Company (IBC)
• Legislation – Civil Law
• Company name - Non-English names are not permitted
• Time-scale for incorporation – 1-2 weeks
• Change in domicile is not permitted
• Double tax treaties – with 52 countries
• Shelf companies are not available
• Taxation on profits - Nil

Local Requirements

• Registered Office and is required
• Company Secretary is not 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 - None.
• Standard Authorised Capital - US$1,000.
• Bearer shares are not permitted.

Annual Requirements

• Annual return is not required to be filed but every company must keep a copy of its annual audited accounts at its registered office
• Statutory accounting is not required
• Annual government registration fee is USD1,600