1. Check of the company’s current name with the Registrar of Companies in the Emirate of Ras Al Khaimah for uniqueness. The name may not be the same as that of a company in existence. If it is the same, the company’s name will have to be changed.
2. Signing of resolution to redomicile the company to the Emirate of Ras Al Khaimah by director.
Extract from that resolution (in 3 copies) shall be filed with the Registrar in Dominica.
If a charge is registered in respect of the company’s property, a special prescribed declaration shall be filed with the registration authority of Dominica.
3. Preparation of a set of documents of the company in Dominica required to change jurisdiction:
4. Preparation of a set of documents in the UAE:
5. Submitting the prepared set of documents to the Registrar of Companies of the Emirate of Ras Al Khaimah.
6. Obtaining a new registration number and Certificate of Continuation, which confirm that the company is incorporated in the Emirate of Ras Al Khaimah.
Since that moment the company continues according to legislation of the Emirate of Ras Al Khaimah, the UAE.
7. To finalize the procedure of redomiciliation (“discontinuation”), the following must be filed with the registration authority of Dominica:
8. Obtaining from the Registrar of Companies of Dominica the Certificate of Discontinuance.
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Service
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Fee (USD)
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Assistance in the procedure of redomiciliation of a company from Dominica, including preparation of set of documents for change of jurisdiction to the Emirate of Ras Al Khaimah (outward part)
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3 950[3]
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Assistance in the procedure of redomiciliation of a company to the Emirate of Ras Al Khaimah, the UAE (inward part), excluding registered address
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2 800
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Company’s registered address in the Emirate of Ras Al Khaimah, the UAE for the first year
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3 200
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Compliance fee
Paid in case of: - company’s renewal, - company’s liquidation, - transfer to another agent, - issue of a power of attorney for a new attorney, - change of director / shareholder / beneficiary, except for a change to a nominee director / shareholder, - signing of documents. |
250 (standard fee – includes check of 1 individual)
+ 150 for each additional individual (director, shareholder or beneficiary) or legal entity (director or shareholder) if legal entity is served by GSL + 200 for each additional legal entity (director or shareholder) if legal entity is not served by GSL 350 (fee for High Risk companies, including check of 1 individual) 100 (signing of documents) |
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Keeping accounting records for the company’s business
Keeping a systematic archive of the company’s documents and providing them to the client on request |
200 / hour
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Preparation of financial statements (if necessary)
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400 / hour[4]
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[1] NOT included in the cost of company redomiciliation services.
[2] The service fees are effective as of September 2024.
[3] The stated cost of services is basic. The final assessed cost of services for redomiciliation of a company to the Emirate of Ras Al Khaimah, the UAE and preparation of the necessary set of documents depends on the policy and requirements of the company’s registered agent in its country of incorporation.
[4] The cost of preparation of financial statements and audit of the company’s business is determined based on time spent on work at the rate of USD 100 to 400 per hour, depending on the type of work and qualifications of the specialist involved; it is at least USD 2 200 – the cost of audit of statements with the minimum number of transactions.