Transfer of Domicile

Redomiciliation Opportunities with RAK ICC

Transfer of Domicile/Continuation (also known as migration) is the process by which a company/enterprise moves its domicile from one jurisdiction to another by changing the country under whose laws it is registered or incorporated while maintaining the same legal identity.

RAK International Corporate Centre permits companies/enterprises incorporated in other international jurisdictions to migrate into our jurisdiction.

Why re-domicile to RAK ICC?

Companies migrate or opt for Transfer of Domicile for a variety of reasons, the most important being able to take advantage of a tax neutral environment and/or the availability of a network of Double Taxation Agreements, to align their place of registration with their shareholder base, or to access specialist capital markets.

The major advantages include:

• Companies could maintain existing legal status
• Companies could preserve operational and banking history
• Access to common law courts
• Internationally compliant registry
• Move from a jurisdiction in case of any changes in the rules and regulations in the country

Transfer of Domicile Benefits

RAK ICC has built an effective back-office process that enables large volumes of re-domiciliations to be processed quickly. This offers the perfect solution to meeting your company’s needs, and it comes with other major advantages as well. Companies can redomicile while maintaining their existing legal status and maintaining operational and banking history. RAK ICC companies follow the common law regulations and can have access to both common and local law courts. International Business Companies can be migrated to RAK ICC through their registered agents, who have a wealth of experience in advising companies on formation, reporting, and running AGMs, and can assist them in meeting their requirements.

Steps for Transfer of Domicile