
These services include reviewing the authenticity of the certifications granted by the government. A notary conducts these mandatory checks if you wish to open an offshore bank account.
Your Nominee Director will need the Power of Attorney to make decisions on behalf of your company.
Once your documentation is completed and verified, the registration process lasts 2 to 3 business days.
Yes. RAK regulations allow for 100% foreign ownership. A single individual can serve as the sole shareholder, director, and secretary.
While USD and AED are standard, the jurisdiction is flexible and allows you to choose from several major international currencies for your company's capital.
No. RAK offshore entities are not mandated to file audited financial statements, though you must maintain internal financial records for at least seven years.
Yes. The entity can own freehold property in designated areas of Dubai and Ras Al Khaimah, subject to approval from the respective land departments.
*The fee mentioned for nominee services is the base fee. The final fee may vary depending on several factors, including but not limited to the jurisdiction of incorporation, the proposed business activity, whether an individual or corporate nominee is required, and the nationality and residency of the Ultimate Beneficial Owner (UBO).
You may choose to open an offshore company and bank account in a jurisdiction of your choice. However, you have no obligation to select a bank from the abovementioned list and may opt for another bank of your choice. BSW is not proposing any banking services; we are proposing an introduction service that includes preparing the application form and business plan and submitting both files to the bank. Accepting the same is at the sole discretion of the bank authorities.
Bank account opening applications are subject to mandatory due diligence by the bank and clauses under national and international (FATF) standards, mainly to prevent money laundering. The content on this page must not be interpreted as a proposition to waive any due diligence or adherence to standards.