For a company to continue as Ras Al Khaimah offshore company, the general rule is that such company must be in ‘good standing’. The company is also checked for any debts owed to Belize authorities.
1. Check the current company name with the Ras Al Khaimah Registrar of Companies for availability. The name cannot coincide with the name of any existing company. If there is a match, the current company name must be changed.
2. Prepare in Belize a set of company documents required for the change of jurisdiction:
3. Prepare a set of documents in the UAE:
4. File the set of documents with the Ras Al Khaimah Registrar of Companies
5. Obtain a new registration number and a Certificate of Continuation that confirm the incorporation of the company in Ras Al Khaimah.
6. To complete the redomiciliation (“discontinuation”), submit to the Belize Registrar copies of documents certified by the UAE registered agent.
7. Obtain from the Belize Registrar a Certificate of Discontinuance that confirms the striking off of the company from the Belize Register.
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Services
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Fees (USD)
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Supporting the company’s redomiciliation from Belize, including preparation of a set of documents to change the jurisdiction to Ras Al Khaimah (outgoing part)
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4 345[3]
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Supporting the company’s redomiciliation to the UAE as Ras Al Khaimah offshore company (incoming part), not including the registered office
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3 080
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Registered office for the company in Ras Al Khaimah, UAE, for the first year
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3 520
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Compliance fee
Payable in the cases of: - incorporation of a company, - renewal of a company, - liquidation of a company, - transfer out of a company, - issue of a power of attorney to a new attorney, - change of director / shareholder / beneficial owner, except the change to a nominee director / shareholder, - signing of documents. |
275 (standard rate, includes the check of 1 individual)
+ 165 for each additional individual (director, shareholder, or beneficial owner) or legal entity (director or shareholder) if such legal entity is administered by GSL + 220 for each additional legal entity (director or shareholder) if such legal entity is not administered by GSL 385 (fee for High Risk companies – includes check of 1 individual) 110 (signing of documents) |
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Keeping company’s accounting records
Maintaining a systematic archive of company documents and providing them to the client upon request |
200 / hour
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Preparing financial statements
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400 / hour[4]
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[1] NOT included in the cost of company redomiciliation.
[2] The fees are valid as at the date of sending of this offer.
[3] The fees are indicative. The final fees for company redomiciliation to Ras Al Khaimah, UAE, and preparation of the necessary set of documents depend on the policies and requirements of the registered agent that administers the company in the country of incorporation.
[4] The fees for preparing financial statements and conducting an audit are charged based on the time spent at hourly rates ranging from USD 100 to 400, depending on the type of work and qualification of a specialist involved, but not less than USD 2 200 – fees for audited financial statements with a minimum number of transactions.