Free Zone Company Will

1/6/2017

   

Description

The DIFC Wills and Probate Registry provides a last will and testament specifically for free zone companies (RAKIA, RAK FTZ, RAKEZ) and offshore companies (RAK ICC) set up in Ras Al Khaimah. The authority fees for the will range from 5,000 AED to 7,500 AED. You can do the DIFC Free Zone Company Will on your own, but it is strongly advised to consider taking legal advice in its preparation.

Please take into consideration the following before registering your free zone company will:

  • Be aware of the number of shares you own in a company and have a proof of ownership and related documents on hand
  • Ensure that all relevant beneficiaries have been identified and substitute beneficiaries are known
  • Identify your executors and include all their personal details in the testament.

The authority regulations set down certain minimum requirements that must be met for a will to be registered and if these are not met, your testament would be unenforceable. If you have any further questions, please do not hesitate to contact the MEO team.