Business Setup in
Ras Al Khaimah International
Corporate Centre (RAK ICC)
Offshore Company in Ras Al Khaimah International Corporate Centre (RAK ICC)
Ras Al Khaimah International Corporate Centre (RAK ICC) is a governmental corporate registry located in the Emirate of Ras Al Khaimah, United Arab Emirates. It specializes in the registration and establishment of international business companies/offshore companies in the UAE, offering a comprehensive range of services for their registration.
An offshore company registered with RAK ICC can be utilized for various purposes, including international trading, shipping, patent management, consultancy services, real estate ownership, copyright registration, or as a holding company.
RAK offshore stands out as the premier offshore jurisdiction in the northern emirates and is one of the oldest in the UAE. Entrepreneurs and investors from abroad seeking to leverage the business-friendly environment and growth opportunities within this special economic zone should consider establishing a RAK offshore company.
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Benefits of setting up
Offshore company in RAK ICC
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100% foreign ownership
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0% personal income tax
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0% Corporate tax
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0% Import / Export duties
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Asset protection
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No office requirement
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No minimum capital
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Confidentiality of shareholders details
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No restrictions on the number of shareholders
Requirements for Setting up an offshore company in Ras Al Khaimah ICC
As a RAK ICC Offshore Company with a Single Shareholder:
- Notarized Passport Copies
- Bank Reference Letter addressed to the RAK Offshore Authority
- Proof of Residency
- Curriculum Vitae
- Bank Statement for the last six months of the Company
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.
Unlike mainland and free zone companies, which are granted business licenses, offshore companies receive certifications to operate UAE-based firms instead. This differentiation arises because an offshore company is technically not permitted to conduct operations within the country, hence they are not issued licenses. Depending on your requirements or business activities, here are the types of companies or activities available for RAK ICC offshore business setup:
- Trading Licence
- Asset Protection Licence
- Holding Company Licence
- Consulting
- Marketing
- Manufacturing
- Real Estate Holding Licence
- Service Licence