RAK ICC

Establish Your

Company in RAK ICC

Elevate your global reach and establish your offshore business with ease

Entrepreneurs seeking to broaden their business scope have a golden opportunity with RAK ICC company formation in the UAE. Standing out among various options, RAK ICC offshore company formation is a strategic and advantageous choice. These offshore entities, specifically in the Ras Al Khaimah International Corporate Centre (RAK ICC), are incorporated in the UAE while primarily operating internationally. This unique structure offers the benefit of limited liability, crucial for protecting business finances.

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Advantages of Setting Up Your RAK ICC
Offshore Company

Confidentiality

Offshore companies aren’t required to publish any financial information, or share their directors’ & shareholders’ personal details on public records. There is also no requirement for offshore businesses to be audited.

Fewer Liabilities

With an offshore company, there’s assurance that its possessions and assets are protected in the case of any legal pursuits. They also enable asset protection for investors, creating a legal wall between the company’s resources and any third parties.

Avenue to International Expansion

Forming an offshore company that has a UAE-based address will immediately create credibility for a business, opening new opportunities for international partnerships and activities. At the same time it’ll allow you to open a UAE bank account, which gives you unparalleled access to multiple currencies and global transactions.

Tax Incentives

In 2023, the UAE implemented a corporate tax rate of 9%. However, offshore companies, as they are not eligible to operate their businesses within the country, are exempt from this tax.

Set Up an Offshore Company

Depending on your business needs, you may choose to set up an offshore company from one of these three options:

Jafza

Ajman Free Zone

Ras Al-Khaimah International
Corporate Centre (RAK ICC)

RAK ICC is one of the fastest-growing jurisdictions across the MENA Region. Renowned for facilitating the incorporation of RAK ICC offshore companies, it has a strong reputation for compliance and upholding international standards.

Benefits

Single-day incorporation process for RAK ICC offshore companies, available through the RAK ICC portal.
No restrictions on the number of shareholders in a RAK ICC offshore company.
No requirement for a physical office for RAK ICC company formation.
Access to common law courts such as ADGM and DIFC for RAK ICC offshore companies.
Offers a variety of legal structures tailored for different business purposes, perfect for RAK ICC company formation.

Requirements for Setting Up an
Offshore Company in RAK ICC

The requirements to set up a RAK ICC offshore business depend on the specific structure and format of the company.

As a RAK ICC Offshore Company with a Single Shareholder:

As a RAK ICC Offshore Company with Multiple Shareholders:

Applicant Company’s Attested Photocopy of Business License or Incorporation Certificate
Attested Memorandum of Association for RAK ICC company formation
Attested Shareholder’s Resolution
Passport Copies of all Directors and Shareholders
Certificate of Good Standing
Incumbency Certificate of the Company
Note: Authorities may request additional documents for RAK ICC company formation.

Cost of Setting Up an Offshore Company in RAK ICC

The price for RAK ICC company formation varies depending on the chosen option. This rate will also differ based on the business activities, number of shareholders, office space requirements, and other factors.

The cost to form a RAK ICC offshore company starts at USD 2,050 or AED 7,500. Additionally, they offer the RAK ICC Premium Product, which allows RAK ICC offshore companies to also carry out activities onshore by forming a subsidiary at RAKEZ. Premium product packages for RAK ICC company formation start at AED 17,500.

Steps in Setting Up Your Offshore Company
in RAK ICC

Biz HQ Consultants offers comprehensive guidance and support throughout the process of RAK ICC company formation, simplifying the intricate steps of establishing a RAK ICC offshore company in Ras Al-Khaimah International Corporate Centre (RAK ICC).

1

Select your company name & activities for RAK ICC Company Formation

Start the process by determining your business activities for your RAK ICC offshore company. Then, choose a unique name that fits your company and is appropriate.

2

Consult a registered agent for your RAK ICC Offshore Company

Reach out to one of RAK ICC’s featured agents, such as Biz HQ Consultants. We will serve as your intermediary with the government and RAK ICC, assisting you with the registration process for your RAK ICC Offshore Company.

3

Submit the required application documents for RAK ICC Company Formation

Put together your requirements based on the company type chosen, and submit these to the RAK ICC authorities for your RAK ICC Offshore Company.

4

Make the required payments for your RAK ICC Offshore Company

Submit the registration fees and other expenses online, via cash, or through money transfers. Once all requirements are submitted and the payment is processed, all that’s left to do is await the incorporation of your RAK ICC Offshore Company.

5

Open Your Corporate Bank Account

A dedicated business account will enable you to manage your finances more efficiently and operate smoothly for your RAK ICC Offshore Company.