Offshore legal entities in the jurisdiction of the Ras Al Khaimah trade zone may issue securities that do not have nominal value. At the same time there are no requirements to the minimal size of the share capital, and the minimum number of the issued shares is one share. The share capital of the offshore company can be formed in any currency.
It is important to note that only the registered shares are allowed, i.e. with indication of the owners’ name. Previously there was an option to issue the bearer shares, but such a possibility was closed at the legislative level and only shares with the name are permitted.
At the same time the registry of the RAK ICC offshore companies and their owners are closed for the access of third parties, that’s why the required level of the confidentiality of the information about for the company's possession is assured.
In terms of share types – the shares can be regular as well as preferred.
