Ras Al Khaimah International Corporate Centre (RAKICC)
Ras Al Khaimah International Corporate Centre (RAKICC) is a Corporate Registry in Ras Al Khaimah, U.A.E responsible for the consolidation of two company registries in Ras Al Khaimah previously known as Ras Al Khaimah International Company (RAKIC) & Ras Al Khaimah Offshore (RAKIA), formed in 2016. International Business Company in RAKICC can take advantage of its tax minimization, nominal equity investment, exchange control trading vehicle, global head office / IP holding company and protection of assets.
Advantages and Benefits
- Absolute Privacy and Confidentiality
- Protection of assets and information
- 100 % foreign ownership
- Ability to maintain bank accounts in UAE
- Ability to tailor the company, Memorandum and Article of Association to suit your needs
- Ability to own intellectual property such as patents, trade marks and copyright
- Own a free zone company and take advantage of more than 74 UAE double tax treaties
- Re-domiciliation into or out of RAK jurisdiction
- No paid up capital
- Fast Set-up
- Simple Due Diligence requirements
- Cheapest option for Offshore Company in UAE
Jurisdiction | Ras Al Khaimah Free Trade Zone |
Type of Entity | RAK ICC |
Shelf Company Availability | Yes |
Our time to establish a new company | 7 to 10 working days |
Taxation on foreign income | No |
Double taxation treaty access | Yes |
Standard currency of share capital | AED |
Other permitted currencies of capital | Any |
Minimum paid up share capital | AED 1 |
Usual authorized share capital | AED 100,000 |
Minimum number of Director | 1 |
Local director required | No |
Local or Qualified company secretary required | |
Publicly accessible record of director | No |
Location of director meetings | Anywhere |
Minimum number of shareholders | 1 |
Publicly accessible record of Shareholder | No |
Location of Shareholder meetings | Anywhere |
Company secretary required | Yes |
Local or qualified company secretary required | No |
Requirement for audited accounts | No |
Requirement to file annual accounts | No |
Publicly accessible accounts | No |
Change in domicile permitted | Yes |
Requirement to prepare accounts | No |
Bearer Shares | No |