The shareholder of the RAK ICC company has all rights of owning and managing the company and can sell or pass it to another person. Cession of rights of owning the company is carried out within the frameworks of signing the appropriate necessary documents – resolution on transferring the shares. Such resolution must be certified in a proper way. After changing the shareholder, the Annex to the Memorandum with indication of the new shareholder of the company is issued.
The condition of the sale and transferring the shares of the offshore company is the absence of any pledge records for the company's shares in the registry. After transferring of the shares of the company all the rights and obligations on the company are transferred to the new owner.
The procedure of the RAK ICC offshore company sale and transfer is done over the registered agent of the company
