Redomiciliation of a Seychelles Company to the UAE as Ras Al Khaimah Offshore Company. Service offer

Redomiciliation (continuation) of a company means changing its country of incorporation, while keeping all existing business relations. For a company to continue in another jurisdiction, redomiciliation must be allowed by the national legislation of the country where the company is incorporated and its Memorandum and Articles of Association. By no means all countries permit redomiciliation. For example, the UK and Hong Kong do not have such provisions in their laws, thus making it impossible to transfer companies from/to these countries. 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 the Seychelles authorities.

Step-by-step guide to continuation of a Seychelles company as Ras Al Khaimah offshore company

1. Check the current company name with the Ras Al Khaimah Registrar of Companies for availability

Тhe name cannot coincide with the name of any existing company. If there is a match, the current company name must be changed.

2. Sign the director resolution to redomicile the company to Ras Al Khaimah.

An extract from this resolution (in 3 copies) is filed with the Seychelles Registrar.

If the company has a charge registered in respect of the property, a special declaration in the prescribed form is filed with the Seychelles registration authority.

3. The Registrar issues a Letter of Acknowledgment (notification letter on the FSA letterhead)

4. Prepare in the Seychelles a set of company documents required for the change of jurisdiction

Shareholders resolution to redomicile the company;
Letter of instruction from the ultimate beneficial owner;
Certificate of Incorporation issued in the Seychelles (notarized duplicate);
Memorandum and Articles of Association filed with the Seychelles Registrar (notarized duplicate);
Certificate of Good Standing issued in the Seychelles, not older than 3 months (original);
Certificate of Incumbency issued in the Seychelles, not older than 3 months (original).

5. Prepare a set of documents in the UAE

Solvency Statement by the company’s shareholders;
Shareholders resolution appointing the company’s secretary and director;
Director’s Letter of Consent to his appointment;
Notarized signature card[1];
New Memorandum and Articles of Association drafted under the laws of the Ras Al Khaimah Emirate (three copies).

6. File the set of documents with the Ras Al Khaimah Registrar of Companies

7. Obtain a new registration number and a Certificate of Continuation

Тhat confirm the incorporation of the company in Ras Al Khaimah.

From then on, the company continues its existence under the laws of the Ras Al Khaimah Emirate, UAE.

8. To complete the redomiciliation (“discontinuation”), submit to the Seychelles Registrar

Notice and Certificate of Directors; and
certified copy of the Certificate of Continuation (can be certified by a Seychelles notary).

9. Obtain from the Seychelles Registrar a Certificate of Discontinuance

The overall time to redomicile a company to Ras Al Khaimah, UAE, is two months on average.

Fees[2]

Services	Fees (USD)
Supporting the company’s redomiciliation from the Seychelles, including preparation of a set of documents to change the jurisdiction to Ras Al Khaimah (outgoing part)	3 950[3]
Supporting the company’s redomiciliation to the UAE as Ras Al Khaimah offshore company (incoming part), not including the registered office	2 800
Registered office for the company in Ras Al Khaimah, UAE, for the first year	3 200
Compliance fee Payable in the cases of: - 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.	250 (standard rate, includes the check of 1 individual) + 150 for each additional individual (director, shareholder, or beneficial owner) or legal entity (director or shareholder) if such legal entity is administered by GSL + 200 for each additional legal entity (director or shareholder) if such legal entity is not administered by GSL 350 (rate for high-risk companies, includes the check of 1 individual) 100 (signing of documents)
Keeping the company’s accounting records Maintaining a systematic archive of company documents and providing them to the client upon request	200 / hour
Preparing financial statements	400 / hour[4]

[1] NOT included in the cost of company redomiciliation.

[2] The fees are valid as of December 2023.

[3] The fees are indicative. The final cost of 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 USD 400, depending on the type of work and qualification of a specialist involved, but are not less than USD 1 900 – fees for audited financial statements with a minimum number of transactions.

Are you interested in the offer?

USD 6 750

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