How to Change Registered Agent of a RAKICC Offshore Company?
RAKICC, the offshore jurisdiction governing companies in Ras Al Khaimah (RAK), is renowned for its security and trustworthiness. It stands out among the UAE’s offshore jurisdictions, providing investors with exceptional benefits. To register an offshore company with RAKICC, the involvement of an offshore agent is necessary. Furthermore, the owner retains the flexibility to switch offshore agents as desired.
Establishing a RAKICC Offshore Company can be accomplished within a span of 2-3 days, thanks to a streamlined setup process. Notably, recent UAE business laws grant investors the privilege of acquiring properties in Dubai under the company’s name.
RAK Offshore offers a robust business infrastructure, ensuring the utmost confidentiality for investor profiles, along with 100% legal company documents. Benefit from our dedicated registered agent support and a myriad of other business advantages.
Why Should You Consult a Reliable Registered Agent for Offshore Company Formation?
To begin with, it is imperative to acknowledge that when establishing an Offshore Company in any jurisdiction, it is essential to engage with an OFFSHORE REGISTERED AGENT specific to that jurisdiction.
Choosing the Perfect Registered Agent for Your RAKICC Offshore Company SetupUnlocking the secrets to a successful RAKICC offshore company setup:
- The Registered Agent’s reputation and legal expertise are crucial factors to consider. They possess the necessary knowledge and experience to effectively fulfill their role and responsibilities.
- Agent Qualifications and Expertise
- The agent’s accessibility is convenient through various channels: phone, email, or direct office visits.
- Number of staff responsible for handling the incorporation of offshore companies and related matters.
- Responding promptly to client inquiries is crucial for maintaining excellent customer service.
The investor should conduct a comprehensive evaluation of the Registered Agent’s credibility, legal expertise, and service experience. It is also crucial to thoroughly review the local presence and the ability to liaise with Government Authorities.
To ensure you are matched with the appropriate Agent, kindly request the Service License prior to commencing the engagement for establishing your Offshore Company.
Why would you consider changing your registered agent for your RAK Offshore company?
Over time, clients may encounter challenges when continuing their engagement with the Agent for various reasons, including:
- Lack of prompt response – Absence of timely notifications regarding company renewals or delays in other communications.
- Insufficient understanding of legal requirements in preparing company documents, shareholder resolutions, Memorandum of Association (MOA), Article of Association (AOA), etc., can pose challenges.
- Lack of support in administrative matters, legal issues, and bank account opening assistance is evident.
- Unreasonably high fees charged for subpar services provided
- Agent Absconding
In the aforementioned scenarios, clients have the option to request a No Objection Certificate (NOC) from their current Registered Agent. The Registered Agent is obligated to promptly furnish the NOC to the client. Should the Agent fail to do so within a reasonable timeframe, clients have the recourse to escalate the matter to the Registrar of RAK ICC for resolution.
How can a Registered Agent be changed for a RAK Offshore Company?
Here are the steps to change an offshore agent in the RAKICC offshore jurisdiction:
- Acquiring the No Objection Certificate (NOC) from the current agent is imperative.
- Draft a board resolution to officially document the change of Agent.
- Prepare the Addendum of the Memorandum of Association and the Article of Association. Make sure to optimize the word choice, structure, readability, and eloquence while retaining the original meaning.
- Prepare the RAKICC Change of Agent Application form
- Submit the original documents to the RAK ICC Offshore jurisdiction
- Request the change of registered agent and company documents from the RAK ICC Offshore authorities.
Which documents are necessary for the change of offshore agent in RAKICC?
To change the offshore agent for RAKICC, please ensure you have the following documents ready:
- Application form for Agent change from RAK ICC
- For the amendment of agent address, the fee is approximately 1200 AED. Please get in touch with our offshore expert for an accurate quote.
- No Objection Certificate from the current offshore agent
- Copy of the Original Memorandum and Articles of Association for the agent.
- Copy of Certificate of Incorporation
- Copy of latest Good Standing Certificate
- Copy of Passport of Shareholder/Directors/ Secretary
- Provide a copy of the Emirates ID and UAE visa page for shareholders, directors, and the secretary. This requirement is applicable only for UAE residents.
- Revised Board Resolution
- Shareholder, Director, and Secretary Profiles
Updating the Registered Agent for your RAK Offshore Company
To change the Registered Agent of a RAKICC Company, the address in the Company documents must be updated to reflect the new agent. This change request needs to be submitted to the RAK ICC Authorities for file update. It is important to note that the appointment of a registered agent for the RAKICC company requires unanimous consent from all shareholders.
The Offshore Company needs to draft a Shareholder resolution that officially declares the Change of Agent. Additionally, the company must submit this resolution, along with the necessary supporting documents, to the RAKICC Authorities.
1. Updating the address in all Company Documents & RAKICC Companies’ Registry
To update the registered agent for RAKICC Offshore companies in the UAE, it is required to file the necessary documents with the Companies Registry. This includes making amendments to the company’s memorandum and articles to reflect the new agent’s name and address. Additionally, if the registered agent changes their address, all Offshore Companies under their supervision must also update their registered address accordingly.
To update the address of the company, the legal entity must submit a request specifying both the current and new address. It is crucial to note that the Registered Agent must continue to safeguard all the legal documents pertaining to the Offshore company.
2. Copy of Offshore company documents must remain with the Registered Agent
As per the regulations, it is required to store one copy of important documents like the Register of Directors & Shareholders, Memorandum of Association, Article of Association, Notices, Minutes of the Meeting, Resolutions, etc. in the office of the Registered Agent. Additionally, the Offshore Company’s Bank Account details, Invoices, Contracts, and similar documents must be retained by the Registered Agent for a minimum of five years from the date of incorporating the Offshore Company.
The Offshore company needs to draft a legal contract with the Registered Agent. This contract should be signed by the shareholders, signatories, company director, or any duly authorized person.
3. Legal Address of the Offshore Company
The Registered Agent’s office address in the UAE will serve as the Legal Address for the Offshore Company. Nevertheless, investors have the freedom to use their personal addresses for correspondence. Additionally, they can explore the option of virtual address facilities offered by various business centers both within and outside the UAE.
How Can Pravo Management Consultancies Support Your Offshore Company in RAK?
Pravo Management Consultancies, a Registered Agent of RAKICC and Ajman Offshore, boasts a decade-long track record. With our expertise, we have successfully incorporated over 5500 companies in the UAE Mainland, Free Zone, and Offshore. Experience quality service and seamless company formation with Pravo.
Our team of skilled Business Setup Consultants is dedicated to managing all administrative tasks related to your Offshore Company. Leave the paperwork and formalities to us, so you can focus on what matters most to your business.
When you choose Pravo Management Consultancies, you gain numerous extra business advantages. These include legal support for preparing MOA/AOA and Shareholder Resolutions, a prestigious Dubai address, a dedicated consultant for your company administration tasks, secure document storage (both digital and physical), and a 100% guarantee of service delivery.
Change of Registered Agent in IFZA Free Zone
During the renewal of a company’s trade license in IFZA Free Zone, business owners have the opportunity to change their Registered Agent. Opting for Pravo Management Consultancies as the Registered Agent offers attractive benefits. Pravo Management Consultancies is the trusted Registered Agent for RAKICC offshore, Ajman Offshore, IFZA Free Zone, and 16 other Free Trade Zones in the UAE.
With a track record of incorporating over 6000 companies across various business jurisdictions in the UAE, our team can guide you through the process of changing your Registered Agent in IFZA. Discover more by reaching out to us today.