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UAE Office
809, The Burjuman Business Tower, Sheikh Zayed Street - Al Mankhool Dubai (UAE)
UK Branch Office
63-66, Hatton Garden Fifth Floor Suite 23 London
EC1N 8LE
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RAK International Corporate Centre (RAKICC), also known as RAK ICC, is the official corporate registry for Ras Al Khaimah in the United Arab Emirates. It specializes in the registration and establishment of international business entities, commonly referred to as offshore companies, within the UAE.
RAKICC provides a comprehensive range of registration services tailored to the needs of global businesses. It was established by Decree No. 12 of 2015 and later amended by Decree No. 4 of 2016. RAKICC resulted from the merger of two previous registries: RAK International Companies, formerly under RAK Free Trade Zone, and RAK Offshore, previously managed by RAK Investment Authority.
Known for its adherence to international best practices, RAKICC is recognized as a leading destination for offshore company registration in the UAE, offering state-of-the-art facilities and services to facilitate business operations and compliance.
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RAK offers a robust and well-regulated financial sector, ensuring a secure environment for offshore company operations. This regulatory framework supports transparency and stability for international business activities.
Offshore companies registered in Ras Al Khaimah (RAK) benefit from 100% foreign ownership, allowing international investors complete control without the need for a local partner or shareholder.
RAK offshore companies have access to a wide network of over 200 tax treaties negotiated by the UAE, which can help reduce withholding taxes and avoid double taxation on international transactions
RAK provides world-class infrastructure and convenient travel options, making it easier for international business owners to manage their operations and visit their companies.
RAK offshore companies enjoy the advantage of no local taxes, which means there are no corporate taxes, VAT, or personal income taxes imposed within the jurisdiction.
The cost of maintaining an offshore company in RAK is relatively affordable, offering a cost-effective solution for international business operations without compromising on quality and services.
The cost of setting up an offshore company with the Ras Al Khaimah International Corporate Centre (RAK ICC) varies based on several factors, including the business activities, number of shareholders, and office space requirements.
A RAK offshore company must have at least one shareholder to receive a certificate of incorporation. The Authority allows both individual and corporate shareholders. Shareholders are responsible for determining the company’s capital structure. Note that bearer shares are not permitted under RAK ICC regulations.
To incorporate a company with RAK ICC, a minimum of one director is required. Corporate directors are allowed. However, details of directors are not publicly accessible, ensuring privacy and confidentiality.
Every offshore company registered with RAK ICC must appoint a company secretary to handle administrative and compliance duties.
RAK offshore companies are required to maintain accounting records for a minimum of seven years from their preparation date. While the records must be approved and signed by the directors, there is no requirement to submit these accounts to the RAK ICC Authority.
The registration process for a company in the RAK Free Zone typically takes about three working days, ensuring a quick and efficient setup.
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809, The Burjuman Business Tower, Sheikh Zayed Street - Al Mankhool Dubai (UAE)
63-66, Hatton Garden Fifth Floor Suite 23 London
EC1N 8LE