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

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