5 % Discount on DIFC Will Registration Fees

17/11/2017

   

Description

Did you know that you can do a testament about your villa in Al Hamra? Did you know that you can register a will referring to your bank account with RAK Bank? Did you know that you can do a DIFC Will about your free zone company in RAK? And did you know that now you can profit from a 5 % discount?

The DIFC Wills and Probate Registry office in Ras Al Khaimah currently offers 5 % discount on their registration fees for all five types of DIFC Wills:

Full Will: The Full Will covers all assets ranging from property to cars and luxury goods, as well as guardianship arrangements for children.

• Single Will: Currently 9,500 AED, instead of 10,000 AED
• Two Mirror Wills: Currently 14,250 AED, instead of 15,000 AED
• Covers all types of assets
• No limit on real estate properties
• Dubai and/or Ras Al Khaimah assets
• Guardianship appointments

Property Will: The Property Will covers up to five properties in Dubai and/or Ras Al Khaimah and can be registered at the Central Registry or online at the Virtual Registry.

• Single Will: Currently 7,125 AED instead of 7,500 AED
• Two Mirror Wills: Currently 9,500 AED, instead of 10,000 AED
• Real estate property only
• Limited to 5 real estate properties
• Real estate in Dubai and/or Ras Al Khaimah
• Online Template Will

Free Zone Company Will: The Free Zone Company Will is suitable for owners and shareholders of free zone companies in Dubai and Ras Al Khaimah, including RAKICC companies. The Free Zone Company Will only includes the shares of the free zone or RAKICC company and can be registered at the Central Registry or online at the Virtual Registry. 

• Single Will: Currently 4,750 AED, instead of 5,000 AED
• Two Mirror Wills: Currently 7,125 AED, instead of 7,500 AED
• Free zone and RAKICC company shares only
• Limited to 5 separate shareholdings
• Dubai and/or Ras Al Khaimah assets
• Online Template Will

Financial Assets Will: The Financial Assets Will can encompass up to ten separate accounts or a share in up to ten separate accounts registered in your sole name or joint name. The accounts must be held with a bank or brokerage firm registered in Dubai or Ras Al Khaimah. The Financial Assets Will can be registered at the Central Registry or online at the Virtual Registry. 

• Single Will: Currently 4,750 AED, instead of 5,000 AED
• Two Mirror Wills: Currently 7,125 AED, instead of 7,500 AED
• Bank and brokerage accounts only
• Limited to ten separate bank or brokerage accounts
• Dubai and/or Ras Al Khaimah assets
• Online Template Will

Guardianship Will: The Guardianship Will for the appointment of guardians for your children can be registered at the Central Registry. 

• Single Will: Currently 4,750 AED, instead of 5,000 AED
• Two Mirror Wills: Currently 7,125 AED, instead of 7,500 AED
• Guardianship appointments only
• Children must be 21 years or below
• Children must be resident in Dubai and/or RAK
• Permanent and interim appointments available

The Registry currently offers 5 % discount on the registration fees for all five types of DIFC Will: Full Will, Property Will, Free Zone Company Will, Financial Assets Will and Guardianship Will. All five types of DIFC Will can be registered at the Central Registry in Dubai or Ras Al Khaimah. Additionally, international investors can register their Property Will, Free Zone Company Will or Financial Assets Will online with the Virtual Registry.

If you have any questions or if we can support you in drafting and/or registering your DIFC Will, please do not hesitate to send an email to contact@businesscenter.me or call +971563899260. Our MEO competence team is looking forward to assisting you.