Transfer Offshore Company Domicile to RAK ICC
Opportunities for Redomiciliation with RAK ICC
The process of transferring domicile or continuation, commonly known as migration, involves a company or enterprise relocating its legal registration from one jurisdiction to another while maintaining its original legal identity.
RAK International Corporate Centre (RAK ICC) extends the opportunity for companies or enterprises originally incorporated in offshore jurisdictions to redomicile into its jurisdiction.
The process of transferring domicile or continuation, commonly known as migration, involves a company or enterprise relocating its legal registration from one jurisdiction to another while maintaining its original legal identity.
RAK International Corporate Centre (RAK ICC) extends the opportunity for companies or enterprises originally incorporated in offshore jurisdictions to redomicile into its jurisdiction.
Reasons for Redomiciling to RAK ICC
Companies may opt for a Transfer of Domicile for various reasons, with primary motivations being the desire to leverage a tax-neutral environment, access a network of Double Taxation Agreements, align the place of registration with their shareholder base, or tap into specialized capital markets.
Key Advantages Include
Preservation of Existing Legal Status
Companies can maintain their current legal status during the redomiciliation process.
Compliance with International Standards
RAK ICC maintains an internationally compliant registry, ensuring adherence to global standards.
Preservation of Operational and Banking History
The transition allows companies to preserve their operational and banking history.
Adaptation to Regulatory Changes
Redomiciling provides a strategic move for companies to relocate in response to changes in rules and regulations in their original jurisdiction.
Access to Common Law Courts
RAK ICC companies benefit from access to both common and local law courts.