Setup in RAK ICC
Ras Al Khaimah International Corporate Centre
RAK ICC is a leading offshore jurisdiction in the UAE, providing a secure and internationally compliant environment for asset protection and international business.
Why RAK ICC?
See how RAK ICC stacks up against other jurisdictions.
| Feature | RAK ICC | JAFZA | Others |
|---|---|---|---|
| Popularity | ⭐⭐⭐⭐⭐ | ⭐⭐⭐⭐ | ⭐⭐ |
| Banking Acceptance | High | Very High | Limited |
| Cost Efficiency | High | Medium | High |
| Flexibility | High | Medium | Medium |
Why Choose RAK ICC?
- 100% Tax Exemption
- No requirement to file financial reports
- Ability to open bank accounts in UAE
- Access to Common Law Courts (ADGM/DIFC wills)
Strategic Advantages
Privacy
Experience the strategic benefits of RAK ICC for your international business.
Asset Protection
Experience the strategic benefits of RAK ICC for your international business.
Cost-Effective
Experience the strategic benefits of RAK ICC for your international business.
Best Suited For
Setup Process
A simple, transparent journey to your new company.
Jurisdiction & Structure Confirmation
Confirm RAK ICC as the right offshore jurisdiction for your needs.
Company Name Reservation
Reserve your unique offshore company name with RAK ICC.
Shareholder & Director Documentation
Prepare and submit required documentation for all parties.
Registration Filing with RAK ICC
File all incorporation documents with RAK ICC registry.
Certificate of Incorporation
Receive your official RAK ICC Certificate of Incorporation.
Post-Registration Advisory
Banking support, structuring advice, and ongoing compliance.
Frequently Asked Questions
What is an RAK ICC offshore company?
An RAK ICC offshore company is a non-resident legal entity registered under RAK ICC regulations. It is designed for international business and ownership structures, not for conducting business inside the UAE. It cannot trade within UAE, lease office space, or issue residence visas.
Why is RAK ICC the most popular offshore jurisdiction in UAE?
RAK ICC is the most widely used and internationally accepted offshore jurisdiction in the UAE due to its balance of credibility, flexibility, and cost efficiency. It offers 100% foreign ownership, no minimum capital, strong banking recognition, and OECD-compliant framework.
What can an RAK ICC offshore company be used for?
RAK ICC offshore companies are commonly used for asset & property holding, shareholding in UAE or foreign companies, international trading (outside UAE), investment & wealth structuring, intellectual property ownership, and estate & succession planning.
Can an RAK ICC offshore company open a bank account?
Yes, RAK ICC offshore companies can apply for bank accounts, subject to business purpose & activity, shareholder profile, jurisdiction & compliance review, and bank risk assessment. Easy Setup assists with bank selection, documentation, and application coordination.
What is the structure requirement for RAK ICC offshore?
RAK ICC requires minimum 1 shareholder and minimum 1 director. Individuals or corporate shareholders are allowed with no nationality restrictions. Corporate shareholders are also permitted.
How does RAK ICC compare to JAFZA Offshore?
RAK ICC offers the best balance for most offshore needs with high banking acceptance, high cost efficiency, and high flexibility. JAFZA Offshore has very high banking acceptance but medium cost efficiency and flexibility. RAK ICC is more popular overall.
What is the RAK ICC offshore formation process?
The process includes: Jurisdiction & structure confirmation, Company name reservation, Shareholder & director documentation, Registration filing with RAK ICC, Certificate of Incorporation issuance, and Post-registration advisory & banking support.
How long does RAK ICC offshore formation take?
RAK ICC offshore formation typically takes 3-5 business days once all documentation is complete and approved. Easy Setup manages the entire process end to end, ensuring full compliance and timely registration.
Setup your RAK ICC Company
Secure your assets and go global with an Offshore company.
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