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Can a Trust/Foundation be the Shareholder in RAKICC Offshore Company?

MEDIA / Articles / 2021 / Can a Trust/Foundation be the Shareholder in RAKICC Offshore Company?
RAK International Corporate Centre (RAK ICC) is an Independent Corporate Registry well-regulated under Ras Al Khaimah International Corporate Centre Business Companies Regulations (RAK ICC) operating in Ras Al Khaimah, one of the seven Emirates in United Arab Emirates.
RAK ICC Registry incorporates International Business Companies and provides a complete set of Registry services for the smooth functioning of the entities. The Registry is considered as modern, fully compliant, well-regulated and following best international practices in the industry. 
RAK ICC Companies have substantial credibility across the globe during a short span of time and are well known on its investor friendly approaches.
A RAK ICC Company can be structured with Individual and corporate share holder including a Trust incorporated in identifiable and well-regulated jurisdictions. 
Any natural person with sound mind attaining the age of 21 years can be the shareholder in RAK ICC Company. Similarly; any legal entity registered in any well-regulated jurisdictions with corporate legalized and attested documents can also be the sole or one of the shareholder in RAK ICC Company.
A trust/Foundation registered in any respectable jurisdiction can also be the shareholder in RAK ICC Company but the beneficiaries shall be identifiable natural persons subject to the approval of RAK ICC Registry.
If the shareholder is a TRUST, the documentation requirements are as follows:
  • Trust deed
  • Current certified Register Extract for the Trust
  • Details of all additions to the trust (if any)
  • Certified copies of passports of settlor, protector & beneficiaries
  • Corporate Trustee – Certified corporate documents
  • Individual Trustee – Certified personal documents duly notarized & attested.
If it is a FOUNDATION, the list of documentation are as follows:
  • Certified copy of Certificate of Incorporation or Registration and any Trade license or equivalent
  • Foundation regulations and charter
  • Foundation minutes approving the incorporation of the RAK ICC Company
  • Current Certificate of Good Standing
  • For foundation council members and protectors who are natural persons – Certified personal documents.
Freemont Oneworld Group (FOG) enjoy the privilege of certifying the corporate documents that can save considerable attestation and legalization cost for the clients.
Our specialized, expertise and qualified legal team can offer assistance & guidance for structuring the Company to make best use of it. Our offerings include the obligation free consultation to analysis the individual circumstances of the clients to identify the best suitable company structure.

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