| Support |
What a Emirates RAK Free Trade Zone (FTZ) company may and may not do? |
• It may have non UAE resident as director or shareholder.
• It may have UAE resident as director or shareholder.
• It may have corporate shareholder/corporate director
• It does not require the shareholder/director to be physically present in the UAE for incorporation
• It may hold shares in other UAE and worldwide companies.
• It may maintain bank accounts and deposits in the UAE or worldwide.
• It may own real estate in the UAE, with prior authorization from RAK Investment Authority.
• It is not obliged to maintain its books and records.
• It cannot have physical offices in the UAE.
• It may not carry on business within the UAE.
• It may not obtain UAE Residency Visa.
• It may not do banking and insurance business without special license.
|
