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 |