Generally there are two types of company transfer options:
1. Transfer of the existing UAE offshore or onshore company under our administration
The complete control over the company remains, clearly, solely with you. And the whole issues on Ras Al Khaimah company administration – license renewals, receiving residency visas and handling other matters related to communication with the Free Zone Authorities, auditors and other supervising bodies can be accomplished by our company.
In case of an offshore company the availability of a local company in UAE providing your offshore company administration is obligatory for the company registration and yearly renewal.
2. Change of the company jurisdiction (redomiciliation or transfer in).
Legislation, different additional regulations and various terms of operations for offshore companies may change from time to time. As the result of such changes the existing offshore company may become too expensive or requirements to such company can change to such extend that the company would be very hard or impossible to use.
And the company you already operate has a number of years of existence, it has positive history, it is known to your partners and banks you work with, thus the solution of simple closure of your existing company and opening a new one in new jurisdiction is not an option for you.
In such case there is the possibility to transfer in / redomicile your existing company to another country. The main prerequisites for company transfer in are the legislation of the country from where the company is to be transferred and to where the company is to be transferred. The legislation of both of these countries shall be similar in its core terms and allow the incorporation of the company of the necessary type.
In case of Ras Al Khaimah – transfer in of a foreign offshore company to Ras Al Khaimah is possible and is practiced quite regularly.
On the subject of company transfer to our administration or company redomiciliation - send us your request and our staff members would provide you the free consultation.
