As per the RAK ICC Business Companies Regulations 2018, the “Registered Agent” is defined as a person or corporate body who is accredited by an accreditation body in UAE. The “Registered Agent” must be in the business of engaging in any of the following service activities:
- Legal Services;
- Chartered Accountant Firms;
- Company Administration and Management Services; and
- Corporate Advisory Services.
Mentioned below are the documents required to be furnished:
- Corporate profile (only when no website is available)
- Company Structure Chart up to the UBO (organizational chart)
- Passport copies of UBO, partners & directors
- CV & Details on compliance officer(s) / AML Officer(s) along with passport copy
- Complete AML compliance manual including internal KYC policies & procedures/Signed copy of AML & CFT Policy
- Sanction Questionnaire
- Copy of professional valid license in the UAE & Tenancy/Lease contract for UAE office.
- Anti-Bribery & Corruption Policy declaration
- Non-Disclosure Agreement & Confidentiality undertaking
- Declaration of UBO
Registered agent functions and duties:
All offshore jurisdictions require that their international business companies (non-resident companies) have an address within the country. This is called the Registered Address.
Registered Agent should be located in the Registered Address of the company and should be licensed to provide company formation, administration and management services in a professional manner. So, the Registered Agent would usually be a fully staffed, equipped, qualified and regulated firm, which provides those services to a considerable amount of clients and their international business companies.
The name and address of the Registered Agent of every offshore company is filed with the Registrar of Companies. The company’s physical presence is the registered agents office. In case of notices or any communication to be send to the company from Registry / creditors / Court a staffed office address is essential. In essence, the Registered Agent acts as an “intermediary” between the Government and the offshore company, or between any third parties and the international business company.