Please provide three names in order of preference. If you have a company name reserved, please provide the RAKIC reservation number. The name is required to end with the word "Limited" or "Incorporated". No abbreviations may be used in the Memorandum and Articles of Association for the words "Limited" and "Incorporated". A proposed RAKIC with corporate shareholders should not have the same name as any of the proposed corporate shareholders.

The minimum share capital for RAKIC is 100 shares of AED 1.00 each. In determining the appropriate share capital structure thought should be given to any potential share transfer and/or issues that may happen in the future. Where it is envisaged that a company may wish to bring a multiple investors a more flexible share structure should be considered ( e.g. we normally recommend 10,000 shares at AED 1.00 each)

The Memorandum and Articles of Association are required to state the purpose for which the RAKIC is being formed. It is important to confirm that the proposed objects of the RAKIC comply with the limitations prescribed in RAKIC Regulations 2006 (which we will check). Furthermore, unless you wish to limit the proposed objects of the RAKIC, we recommend that you adopt the general objects as per the standard form RAKIC Articles.

A RAKIC is required to appoint a minimum of one director and one secretary although the position of director and secretary may be held by the same person. Please provide full names as they appear in the respective officer's passport and provide a copy of each officers passport and UAE residence VISA, if applicabe.

A RAKIC is required to appoint a minimum of one director and one secretary although the position of director and secretary may be held by the same person. Please provide full names as they appear in the respective officer's passport and provide a copy of each officers passport and UAE residence VISA, if applicabe.

Please note that we will select English Law and DIFC Courts as a default position for all three applicable laws unless you request otherwise. Consideration of the applicable law in the event of death of a partner should be made in relation to its suitability to the shareholders based on their particular circumstances and the need of the company.

Should the company require a bank account it is vital to begin the account opening process as soon as possible, as this can be quite a lengthy process. Generally banks require the authorized signatory to hold a UAE residence visa. There may also be additional authentication costs charged by the bank depending upon the bank's own requirements. Early contract with the bank will enable these to be identified and accounted for.