RAK International Business Company

RAK International Corporate Centre (RAK ICC):

The most popular Offshore Authority in UAE

Ras Al Khaimah (RAK), one of the seven emirates of the United Arab Emirates, is located approximately 100 kilometers northeast of Dubai and is the northernmost emirate in the UAE. With a low cost of living, the emerging emirate also has affordable properties, world class hospitality projects and easy access to other emirates, making it a preferred choice among families, business owners, and foreign investors.

     RAK International Corporate Centre (RAK ICC) was formed as per the Decree
      No. 12 of 2015 and as amended by Decree No.4 of 2016 after the
      consolidation of the two company registries in Ras Al Khaimah, namely RAK
      International Companies (formerly a part of RAK Free Trade Zone) and RAK
      Offshore (forerly a part of RAK Investment Authority).

     RAK ICC is a premium Company Registry in the Emirate for International
      Business Company (IBC) incorporations and is governed by the RAK ICC
      Business Companies Regulations 2016 and the RAK ICC Registered Agent
      Regulations 2016.


Types of activities allowed for RAK ICC Companies:

One of the advantages of the RAK ICC is that International Business Companies are allowed to conduct almost all types of activities. Examples include trading, consulting, construction, marketing and real estate.
However, similarly to all UAE “Offshore” entities, RAK ICC Companies are restricted to the following:

carry on business with persons in the Zone unless expressly authorized to do so by RAK ICC;
carry on any other business which may, by regulations made by RAK ICC, be prohibited by RAK ICC;
carry on banking business in the UAE or the Zone; or
carry on business as an insurance or reinsurance company, insurance agent or insurance broker in the UAE or the Zone.

Types of companies available as per the RAK ICC Business Companies Regulations 2016:

A company may be incorporated, continued or re-registered under these Regulations as:
      i.   a company limited by shares;
      ii.   a company limited by guarantee that is not authorized to issue shares;
     iii.   a company limited by guarantee that is authorized to issue shares; or
     iv.   an unlimited company that is authorized to issue shares

Key benefits of RAK Offshore Company:

100% foreign ownership is permitted
No physical presence of the shareholder/director in UAE required for incorporation
No minimum capital required
All shares must be fully paid when allotted, and no bearer shares or differential classes of shares are allowed
There is no requirement to deposit the capital in bank
Minimum of one shareholder is required. Corporate shareholders are permitted
Minimum one Directors is required. Corporate directors are permitted
Offshore company should have a Secretary who may also be a Director of the company
No residence visa can be issued
No annual reports or accounts need to be filed with the authorities
An efficient regulatory regime with total exemption on taxes and duty
Flexibility to open a corporate bank account in UAE
Only one day is required for the incorporation

Find here the list of the required documents for RAK Offshore Company set-up.

If you wish to proceed with the registration of new business in the RAK Offshore, just simply fill up the Application Form and forward it to us together with all the required documents as per the list above.

And then just plan for your first working days because they are coming soon!

Find here our PRICELIST for the incorporation of a new RAK Offshore Company.

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