Offshore companies registered in Ras Al Khaimah do not have to prepare and submit financial and audit reports.
Those companies, however, must keep the financial documentation, as per register’s regulations.
Even though, as already mentioned, that an offshore company registered in Ras Al Khaimah does not have to submit financial and audit reports, it is possible to do so, if required.
If required, then it is solely upon the shareholders’ request and is used to ensure the necessary level of control of company’s activity and its shareholders as well as for the preparation of financing company’s commercial activity by banks or for balances consolidation within group of companies.
The audit report can also grant an additional level of standing and reputation for an offshore company in Ras Al Khaimah, particularly from the standpoint of banks and potential partners.
If you have questions about offshore companies registration in Ras Al Khaimah, its financial report, audit report and other financial or legal issues related to its registration or performance – write us.
