Launch Your Offshore Business Seamlessly
at RAK ICC
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Incorporate with confidence.
RAK ICC offers internationally recognized, tax-efficient offshore
structures that support global expansion, asset protection,
and secure business setup.
What is RAK ICC?
RAK ICC (Ras Al Khaimah International Corporate Centre) is a globally respected corporate registry in the UAE, established under Emiri Decree No.12 of 2015. It provides a modern and flexible framework for incorporating international business companies, governed by the RAK ICC Business Companies Regulations 2018.
Who Is RAK ICC For?
RAK ICC is ideal for:
Entrepreneurs & Startups
Looking to establish international operations or hold assets under a secure offshore structure.
Investors
Investors Seeking a reliable vehicle for global real estate, equity holdings, or other diversified investments.
Family Offices & High Net-Worth Individuals
Structuring wealth, planning succession, and safeguarding multi-generational assets.
Multinational Companies
Managing cross-border business functions, intellectual property, or subsidiaries through holding or special purpose vehicles.
Advisors & Consultants
Serving clients who require robust offshore structuring options within a transparent and globally compliant jurisdiction.
Foundations & Trustees
Establishing legal entities for estate and charitable planning within a trusted regulatory environment.
Key Features/Benefits
100% foreign ownership
No restrictions on number of shareholders
Corporate Director is permitted
Common law regulations with access to DIFC and ADGM courts
Access to a broad range of UAE Double Tax Treaty network
Ability to open bank accounts locally and internationally
Company Structures Offered by RAK ICC
Holding Company:
Ideal for consolidating international investments, assets, or businesses under one legal entity.
Use Cases:
- Holding real estate,
IP, or shares globally
- Asset protection and
succession planning
- Family office
structures
Segregated Portfolio Company (SPV):
Ideal for asset holding, risk isolation, and structured financing under a flexible UAE jurisdiction.
Use Cases:
- Holding shares, real estate, or intellectual property
- Isolating financial
and legal risks
- Facilitating joint ventures
and structured finance
- Acting as a vehicle for securitization or investment holding
Compliance Requirements for
RAK ICC Offshore Company Formation
Ideal for asset holding, risk isolation, and structured financing under a flexible UAE jurisdiction.
Single Shareholder Requirements:
Notarized passport copy
Bank reference letter addressed to the RAK ICC Authority
Proof of residency
Curriculum Vitae (CV)
Company’s bank statement (last six months)
New to the UAE? Temporary accommodation (e.g., hotel stays) and international proof of address are acceptable. The process is designed to be flexible.
Multiple Shareholders Requirements
Attested photocopy of the applicant company’s business license or incorporation certificate
Attested Memorandum of Association
Attested Shareholder’s Resolution
Passport copies of all directors and shareholders
Certificate of Good Standing
Incumbency Certificate
Note: The RAK ICC Authority may request additional documentation based on the specific nature of your business or shareholders.
Feature
RAK ICC
DIFC
Type
Offshore corporate registry
Onshore free zone & financial hub
Use Case
Holding, asset protection,
special purpose entities
Financial services, fintech, legal, and wealth management
Taxation
0% corporate & personal tax
(under current laws)
0% tax with economic substance
and transfer pricing rules
Regulator
RAK ICC Registrar
DIFC Authority & DFSA
Transparency
Confidential records
Higher transparency
(some public registries)
Business Scope
Cannot operate in mainland UAE
Can operate within
DIFC jurisdiction
Setup Cost
Lower cost, simpler process
Higher cost, regulated setup
Understanding RAK ICC and DIFC: Jurisdictions at a Glance
FAQs
Can a RAK ICC company hold assets internationally?
Yes. It’s commonly used to hold global assets such as real estate, equity shares, and intellectual property.
Will a RAK ICC license allow me to operate a UAE business?
No. RAK ICC companies cannot conduct business within the UAE mainland or free zones unless they obtain an additional commercial license.
Can I live in the UAE with a RAK ICC company?
RAK ICC itself does not issue residence visas. However, residency can be obtained through other structures, such as mainland or free zone entities.
Is it mandatory to have a physical office in the UAE to register a RAK ICC company?
No. RAK ICC companies do not require a physical office. A registered agent address is sufficient for compliance purposes.
Can I open a bank account with a RAK ICC company?
Yes, but it’s subject to bank due diligence. You’ll need to justify the source of funds and provide necessary documentation as per the bank’s KYC requirements.
Who can be a shareholder or director of a RAK ICC company?
Both individuals and corporate entities can be shareholders or directors. At least one natural person must be appointed as
a director.
Is the identity of shareholders and directors made public?
No. RAK ICC maintains confidentiality. Shareholder and director information is not available in a public registry but must be submitted to the Registrar.
What types of companies can be formed under RAK ICC?
RAK ICC supports several structures including standard limited companies, holding companies, restricted purposes companies, and segregated portfolio companies (SPCs).
Are RAK ICC companies subject to Economic Substance Regulations (ESR)?
Yes, if they carry out relevant activities as defined by the UAE ESR. If not, a notification and exemption declaration may still be required.
What is the typical timeframe for setting up a RAK ICC company?
With all documents in order, company formation can typically be completed within 3 to 5 working days.
Ready to Build Your International Presence?
Whether you’re structuring wealth, managing assets, or expanding your reach, RAK ICC offers the tools and flexibility to support your offshore journey.
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