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Set Up Your Offshore

Company in RAK ICC

Elevate your global reach and establish your offshore business with ease

Entrepreneurs seeking to broaden their business scope have a golden opportunity with RAK ICC company formation in the UAE. Standing out among various options, RAK ICC offshore company formation is a strategic and advantageous choice. These offshore entities, specifically in the Ras Al Khaimah International Corporate Centre (RAK ICC), are incorporated in the UAE while primarily operating internationally. This unique structure offers the benefit of limited liability, crucial for protecting business finances.

A RAK ICC offshore company serves a variety of purposes including international trading, shipping, patent management, international consulting, real estate ownership, copyright registration, or acting as holding companies. For entrepreneurs keen on RAK ICC company formation, it’s essential to recognize the distinct advantages offered by RAK ICC. Unlike other territories, RAK ICC provides a streamlined, business-friendly environment, making it an ideal location for establishing and growing an offshore company.

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Advantages of Setting Up Your
RAK ICC
Offshore Company

Confidentiality

Setting up an RAK ICC offshore company guarantees confidentiality. Offshore companies in the RAK ICC aren’t required to publish any financial information or share their directors’ & shareholders’ personal details on public records. Additionally, there is no requirement for these offshore businesses to be audited, further enhancing privacy.

Fewer Liabilities

Opting for RAK ICC company formation ensures that the company’s possessions and assets are well-protected in case of legal pursuits. This structure also enables asset protection for investors, creating a legal barrier between the company’s resources and any third parties.

Avenue to International Expansion

Forming a RAK ICC offshore company provides a UAE-based address, immediately boosting credibility for the business. This opens new opportunities for international partnerships and activities. Additionally, it allows for the opening of a UAE bank account, which is pivotal for a RAK ICC offshore company looking to engage in multiple currencies and global transactions.

Tax Incentives

In 2023, the UAE implemented a corporate tax rate of 9%. However, offshore companies, particularly those formed through RAK ICC company formation, are exempt from this tax as they are not eligible to operate their businesses within the country. This exemption is a significant financial advantage for a RAK ICC offshore company.

Set Up Your Offshore Company

Depending on your business needs, you may choose to set up an offshore
company from one of these three options:

RAK ICC

Jafza

Ajman Free Zone

Ras Al-Khaimah International Corporate Centre (RAK ICC)

RAK ICC is one of the fastest-growing jurisdictions across the MENA Region. Renowned for facilitating the incorporation of RAK ICC offshore companies, it has a strong reputation for compliance and upholding international standards.

Benefits

Requirements for Setting Up an
Offshore Company in RAK ICC

The requirements to set up a RAK ICC offshore business depend on the specific structure and format of the company.

As a RAK ICC Offshore Company
with a Single Shareholder:

As a RAK ICC Offshore Company
with Multiple Shareholders:

Cost of Setting Up an
Offshore Company in RAK ICC

The price for RAK ICC company formation varies depending on the chosen option. This rate will also differ based on the business activities, number of shareholders, office space requirements, and other factors.

The cost to form a RAK ICC offshore company starts at USD 2,050 or AED 7,500. Additionally, they offer the RAK ICC Premium Product, which allows RAK ICC offshore companies to also carry out activities onshore by forming a subsidiary at RAKEZ. Premium product packages for RAK ICC company formation start at AED 17,500.

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Explore Monthly
Payment Plans

with Selected Banks

Convert your transactions into easy and affordable monthly instalments with our selected range of banking partners. Spend a minimum of AED 1,000 on your credit card issued from any of our participating banks and repay in easy instalments over a period of 12 months for your RAK ICC offshore company expenses.

Steps

*General terms and conditions from the banks will be applicable.

Steps in Setting Up Your Offshore Company
in RAK ICC

Creative Zone offers comprehensive guidance and support throughout the process of RAK ICC company formation, simplifying the intricate steps of establishing a RAK ICC offshore company in Ras Al-Khaimah International Corporate Centre (RAK ICC).

1

Select your company name & activities for RAK ICC Company Formation

Start the process by determining your business activities for your RAK ICC offshore company. Then, choose a unique name that fits your company and is appropriate.

2

Consult a registered agent for your RAK ICC Offshore Company

Reach out to one of RAK ICC’s featured agents, such as Creative Zone. We will serve as your intermediary with the government and RAK ICC, assisting you with the registration process for your RAK ICC Offshore Company.

3

Submit the required application documents for RAK ICC Company Formation

Put together your requirements based on the company type chosen, and submit these to the RAK ICC authorities for your RAK ICC Offshore Company.

4

Make the required payments for your RAK ICC Offshore Company

Submit the registration fees and other expenses online, via cash, or through money transfers. Once all requirements are submitted and the payment is processed, all that’s left to do is await the incorporation of your RAK ICC Offshore Company.

 

5

Open Your Corporate Bank Account

A dedicated business account will enable you to manage your finances more efficiently and operate smoothly for your RAK ICC Offshore Company.

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