Recent content by Luislog

Fwiw I went totally to the agent s office in Dubai. According to their rep, while one must close properly onshore UAE Cos, nothing bad happens if one let's a RAKICC offshore gets struck off. Otherwise they can manage the liquidation process for 2550euros. Besides we had a chat about BVI Cos...

Also would I have to close the company through the registered agent or can I use another company? There s at least 1 UAE based company apparently specializing in Closing UAE corporations that advertises online, although they do seem to focus on onshore Cos

Actually I read that happens to directors of onshore companies, particukarly Dubai FTZ, for which filing requirements and expenses are higher. Have you witnessed or can you even link to similar issues encountered with owners/difectors of RAK ICC offshore Cos? Can t say I found anything, good...

Thanks Rowena, you are probably right and it wouldn t make a dent in my budget, but besides not trusting the agent I d rather burn the money than give them. Will ask them abt the process and cost anyway. Not sure why you are asking but the bank was Emiratesnbd,I asked to close the account btw...

Thanks for your answer, yes, I still have investments in the UAE, under personal name and need + enjoy travelling there once in a while, I should have added that in the OP, Before the RAK offshores were merged into RAKICC I'd understood one could just let them be struck off, not sure anything...

Also, the company bank account is already closed, Co has no activity, assets, nor liability

Hi In case anyone here is familiar with those structures from UAE, is that fine to just not pay the renewal and let the company get struck off or does one need to go through the proper dissolution process? I ve gone the Non renewal way with a couple of companies in different juridictions where...