When you register your offshore company with RAK Company, you’re provided with a comprehensive package that covers all the essentials needed for a successful setup and operation in the first year.
What Does the RAK Company Package Include?
- One Year’s Registered Office and Agent: Provides a legal address within the jurisdiction and a local agent to ensure compliance with local laws.
- Certificate of Incorporation: Officially recognizes your business as a legal entity under the jurisdiction’s laws.
- Memorandum and Articles of Association: Establishes the company’s operational structure and internal rules.
- Government Tax: Includes all applicable taxes for the initial setup, with no additional costs.
- Share Certificates: Represents ownership in the company, issued to shareholders as proof of investment.
- Company Registers: Documents the details of directors and shareholders, crucial for legal and administrative purposes.
- First Minutes: Records the inaugural meeting’s decisions, providing a formal basis for initial company operations.
- Document Delivery: Ensures that all documents are sent via courier, securely and without additional charges.
Additional Costs and Compliance in Subsequent Years
For the second year and beyond, the fees are set at £1,860. We will send you a reminder when these fees are due, and there is an additional £75 compliance fee. It’s important to note that we can only process your order after receiving the original compliance documents.
Detailed Insights into the Included Services
Registered Office and Agent for One Year
A registered office is a legal requirement that provides a credible, official address for your company. This is not just for correspondence but also serves as the registered location for all formal communications and legal notices. Moreover, the registered agent acts as an intermediary, ensuring that your company adheres to local regulations and corporate compliance requirements.
Certificate of Incorporation
The Certificate of Incorporation is a fundamental document that marks the official creation of your company. It includes your company name, date of incorporation, and registration number, cementing your business’s identity in the RAK jurisdiction.
Memorandum and Articles of Association
These documents are vital for defining your company’s purpose and the regulations governing its operations. The Memorandum of Association specifies the objectives and activities your company is authorized to undertake, while the Articles of Association lay down the rules for the internal management of the company, including the roles and responsibilities of directors and the conduct of shareholder meetings.
Ongoing Compliance and Governance
Ensuring ongoing compliance is crucial for maintaining your company’s good standing in the RAK jurisdiction. This includes keeping accurate records, meeting legal requirements, and adhering to the financial regulations of the region. The timely submission of compliance documents and payment of annual fees play a pivotal role in the uninterrupted operation of your company.
By understanding these components thoroughly, you can ensure that your company not only starts on the right foot but also continues to operate smoothly and within legal boundaries. This approach helps mitigate risks and maximizes the benefits of operating an offshore entity in RAK.
