After incorporation, establish a UAE corporate bank account to efficiently manage financial transactions and support your offshore business operations.
Establish Your Offshore Company in RAK ICC
About RAK ICC
RAK ICC company formation is a golden opportunity for entrepreneurs in the UAE who want to expand their business scope. RAK ICC offshore company formation is a strategic and beneficial choice among a number of alternatives. These offshore companies are located in the Ras Al Khaimah International Corporate Centre (RAK ICC) but with international operations as the main way of operation. It has the advantage of limited liability in this unique structure which is important in safeguarding business finances.
There is a wide range of purposes of the RAK ICC offshore company such as international trading, shipping, patent management, international consulting, real estate ownership, copyright registration or holding companies. As an entrepreneur who would be interested in the RAK ICC company formation, it is paramount to understand unique strengths of RAK ICC. Unlike in other territories, RAK ICC offers a streamlined and business friendly environment hence an ideal place to start and develop an offshore company.
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Advantages of Setting Up a RAK ICC Offshore Company
High Level of Confidentiality
RAK ICC offshore company formation ensures strong privacy protection. Companies are not required to disclose financial statements or personal details of shareholders and directors on public records. Additionally, offshore entities are generally exempt from mandatory audit requirements, enhancing confidentiality.
Reduced Liability & Asset Protection
Establishing a RAK ICC offshore company helps protect business assets in the event of legal claims. The structure creates a clear legal separation between company resources and external liabilities, safeguarding investor interests.
Gateway to International Expansion
A RAK ICC offshore company provides a UAE-registered presence that enhances global credibility and supports international partnerships. It also enables the opening of UAE corporate bank accounts, facilitating multi-currency transactions and worldwide business operations.
Tax Advantages
Although the UAE introduced a 9% corporate tax in 2023, RAK ICC offshore companies remain exempt, as they are not permitted to conduct business activities within the local UAE market—offering significant financial efficiency for international businesses.
Dubai South Company Formation Costs
Based on your business objectives, you can establish an
offshore company through one of the following jurisdictions:
RAK ICC
JAFZA
Ajman Free Zone
Ras Al Khaimah International Corporate Centre (RAK ICC)
Ras Al Khaimah International Corporate Centre (RAK ICC) is one of the fastest-growing offshore jurisdictions in the MENA region. Recognized for its strong regulatory framework and adherence to international compliance standards, RAK ICC provides an efficient and reliable platform for offshore company incorporation.
Benefits
- Fast incorporation process, with company setup completed within a single day through the RAK ICC portal
- No limitation on the number of shareholders allowed
- No requirement for a physical office space
- Access to internationally recognized common law courts such as ADGM and DIFC
- Flexible legal structures designed to suit diverse business and investment objectives
Requirements for Setting Up an Offshore Company in RAK ICC
The documentation required for RAK ICC offshore company formation varies depending on the ownership structure and company format.
For a RAK ICC Offshore Company with a Single Shareholder
- Notarized passport copy of the shareholder
- Bank reference letter addressed to the RAK Offshore Authority
- Proof of residential address
- Curriculum Vitae (CV) of the shareholder
- Company bank statement for the last six months
For a RAK ICC Offshore Company with Multiple Shareholders
- Attested copy of the applicant company’s Trade License or Certificate of Incorporation
- Attested Memorandum of Association (MOA)
- Attested Shareholder Resolution
- Passport copies of all Directors and Shareholders
- Certificate of Good Standing
- Certificate of Incumbency of the company
Cost of Setting Up an Offshore Company in RAK ICC
The cost of RAK ICC offshore company formation depends on your selected setup option and specific business requirements. Pricing may vary based on business activities, number of shareholders, and additional service needs.
RAK ICC offshore company formation typically starts from USD 2,050 (approximately AED 7,500).
RAK ICC also offers a Premium Product, enabling offshore companies to conduct onshore activities through a subsidiary established in RAKEZ. Premium setup packages generally start from AED 17,500.
Get a customized estimate tailored to your business requirements.
Use our COST CALCULATOR today to calculate your offshore company setup cost.
Discover Flexible Monthly
Payment Plans
In Partnership with Leading Banks
Turn your business setup expenses into convenient, budget-friendly monthly instalments through our selected banking partners. Simply spend a minimum of AED 1,000 using a credit card issued by any participating bank and repay the amount in easy instalments for up to 12 months.
How to Apply for the Easy Payment Plan
Steps
- Make a minimum payment of AED 1,000 using your credit card for any Ark Ventures service.
- Contact your bank’s customer service (from our participating partners) and request to convert the transaction into an Easy Payment Plan.
- Choose a convenient repayment tenure of 3, 6, 9, or 12 months.
Steps to Set Up Your Offshore Company in RAK ICC
Ark Ventures provides end-to-end support throughout the RAK ICC offshore company formation process, making business setup simple, efficient, and hassle-free.
1. Select Your Company Name & Business Activities
Begin by defining your offshore business activities and choosing a unique company name that complies with UAE naming regulations.
2. Appoint a Registered Agent
Work with an approved registered agent such as Ark Ventures, who will act as your liaison with RAK ICC authorities and manage the incorporation process on your behalf.
3. Submit Application & Required Documents
Prepare all necessary documentation based on your selected company structure and submit them to RAK ICC for review and approval.
4. Complete Payment Procedures
Pay the applicable registration and incorporation fees through approved payment methods. Once submitted, your application will proceed for company incorporation.
5. Open a Corporate Bank Account
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