Main characteristics

Kind of company International company(IBC)
Legislation and authority RAK Investment Authority is the reference authority in this tax haven and all the companies are subject to the “RAK Offshore Regulations 2006”
Information about company directors There is not a public register reporting the company officers
Privacy Full anonymity guranteed
Account duties No obligation of bookkeeping
Taxation No taxes required
Property You do not need to have a local partner to be the company’sowner, and you can hold up to 100% of the company
Communications Good means of communications
Time zone GMT+4.
Legal system U.A.E Law
Capital to pay No minimum capital required
Minimum number of Directors/Shareholders At least 1 Director/Shareholder required
Shares to the bearer Not accepted
Costs € 2500 company constitution – € 1000/year for its maintenance