A brief guide & FAQ to re-domiciliation to RAK, UAE
Much in the way that a company can change its registered office/registered agent within the same country / jurisdiction, it can also “move” to a new jurisdiction. Corporate re-domiciliation is the process by which a company moves its ‘domicile’ (or place of incorporation) from one jurisdiction to another by changing the country under whose laws it is registered or incorporated, whilst maintaining the same legal identity. The ease with which re-domiciliation may take place has improved in recent years.
Ras Al Khaimah International Company, or RAK IC Company* is ideal for businesses wishing to be registered in the UAE but not intending to conduct any business within the Emirates
Why should I want to re-domicile?
Companies may re-domicile for a variety of reasons including:
a) To take advantage of more favourable tax laws - RAK is a "no-tax" emirate.
b) To avoid blacklists which are increasingly applied by various EU, and other, countries. The UAE is not on any blacklist;
c) To take advantage of privacy provisions - RAK has no publicly accessible registry;
d) To access certain banking / capital markets.
Ras Al Khaimah (RAK) allows companies to re-domicile from other jurisdictions, that allow it, to RAK under RAK ICC Business Companies Regulations 2016.
List of documents to be submitted for Continuation:
Consent Letter from foreign jurisdiction to re-domicile to RAK ( If applicable at that jurisdiction )
Resolution of the Shareholders & Directors consenting to transfer of domicile of the foreign company
Certificate of Incorporation/Registration of the foreign company
Memorandum & Articles of Association of the foreign company
Certificate of Good Standing of the foreign company
Certificate of Incumbency/Register Extract of the foreign company
New set of Continued Memorandum & Articles of Association (M&A will be generated by us)
Confirmation Letter signed by RAKICC Registered Agent (Template attached)
Solvency Statement from Directors & Shareholders / Auditors statement on solvency
Written Consent for transfer of domicile, from holders of charges (if applicable)
KYC documents for Individual Shareholder/ Director/ Secretary
Due Diligence Documents for the shareholder(s) (Passport copy, CV, Bank Reference letter, utility bills)
Passport copy of the Directors and Secretary
KYC documents for Corporate Shareholder/Director/Secretary (if applicable)
Certificate of Registration of the corporate shareholder
Memorandum & Articles of Association of the corporate shareholder
Certificate of Good Standing
Certificate of Incumbency
Resolution consenting the transfer of domicile
Passport copy if individual shareholder(s)/corporate documents if corporate shareholder
Why RAK IC company
No tax & no accounts.
Property ownership for non-residents in UAE free zones.
Very good reputation.
Directors and/or shareholders do not need to be present in the UAE for incorporation.
Ras al-Khaimah (RAK, UAE) is one of the seven emirates that comprise the United Arab Emirates (UAE).
RAK (Ras Al Khaimah) is located on the eastern side of the Arabian Gulf. It is about an hours drive from Dubai and from Dubai airport. A little further away is the international airport of Abu Dhabi.