The Certificate of Good Standing for RAK ICC company is a certification document which is issued by the state registration body (registry). In fact, this document is the official confirmation of the legal status of the company, and also it indicates the absence of debts of the company to the state and its valid state. The Certificate of Good Standing can be issued to the legal entity registered in RAK with the appropriate structure and legal status.
Despite the fact that this document has no validity limits and is valid for an indefinite period of time, the period may be required directly by the authority which requests the certificate. For example, banking institutions can have a three-month validity period for this certificate.
In international practice, such a certificate from RAK ICC Company can be requested by the credit, banking and financial institutions for opening of the corporate bank account. Also, the certificate may be requested by the potential business partners in order to ascertain the legality and the legal status of the company. But in the territory of many countries such certificate be may requested by any person, including the representatives of the partner company.
Certificate of Good Standing includes the following information:
- Date of certificate issuance
- Composition of the founders and leaders of the legal entity;
- Legal address and company name;
- RAK ICC Registration number and date of issuance of the certificate;
- Information about the authority which has issued the certificate.
