RAK International Corporate Centre (RAK ICC) is a corporate registry operating in Ras Al Khaimah, UAE. It carries out registration and incorporation of international business companies, while also offering a full range of registry services.
Operating in full compliance with international standards and best practices, RAK ICC’s goal is to attract innovative businesses to Ras Al Khaimah to be part of this modern, world class company registry.
It’s a popular location for offshore company formation, among the many other options that it offers. So in this article we will look what this means in practical terms for you. By the end, you’ll have a good overview of what RAK ICC offers and how you might move forward in the process of setting up your RAK ICC company.
Let’s now take a look at the following areas:
- What is RAK ICC?
- Advantages of RAK ICC offshore company formation
- How to register a RAK ICC company
- Types of companies that can be incorporated at RAK ICC
- Cost of setting up an offshore company in RAK ICC
- Working with Creative Zone
What is RAK ICC?
RAK ICC is formed of two company registries: RAK International Companies (which used to be a part of RAK Free Trade Zone) and RAK Offshore (which was previously a part of RAK Investment Authority).
RAK ICC is responsible for the registration and incorporation of International Business Companies and provides registry services. They continually develop their range of products to meet the needs of their customers.
The city of Ras Al Khaimah itself is in the northern Emirate of Ras Al Khaimah, which is around one hour’s drive from Dubai. The city is in the north of the region and boasts a large international airport. It’s a peaceful city that has both beautiful scenery as well as all the modern luxuries you would expect from the UAE.
It features numerous port facilities, with the Ras Al Khaimah port itself offering modern cargo handling facilities. There is also a wide variety of hotels as well as residential properties for rent or purchase. There are also a number of leisure facilities, including spas, restaurants, museums and more. It’s a place to both live and work and that is key to its popularity.
Advantages of RAK ICC Offshore company formation
There are a number of key advantages when it comes to setting up a RAK ICC Offshore company. These include:
Being based in a well-regulated and highly regarded jurisdiction
- Having the option to live and work in the same place – no commute
- 100% business ownership
- 100% tax free
- Ideal for investment diversification
- Fast incorporation process and easy renewals
- Anonymity and confidentiality
- No requirement for audits
- No office required
How to register a RAK ICC company
There are a number of easy steps to register your RAK ICC company. They break down as follows:
- Contact a registered agent to provide the office address
- Prepare your documents as per RAK ICC’s checklist
- Submit your application and obtain your certificate of incorporation
When you are ready to register, the best option is to contact a company formation specialist. Working with Creative Zone means that everything can be set up for you, ensuring your application is free from mistakes and your business is fully compliant. It’s the peace of mind that means you can get on with just planning your future business, knowing that all the paperwork has been taken care of by an expert.
Types of companies that can be incorporated at RAK ICC
There are several different company types that can be incorporated at RAK ICC. A company formation specialist can talk you through all the options, listen to your business goals, and ensure that what you decide to set up best suits your business needs and is fully aligned with your goals.
The options are as follows:
- Company Limited by Share
- Company Limited by Guarantee
- Restricted Purposes Company
- Segregated Portfolio Company
- Unlimited Company
- Intellectual Property Holding Company
- Premium Product
- Transfer of Domicile
- RAK ICC Foundation
Cost of setting up an offshore company in RAK ICC
The approximate cost of setting up an offshore company in RAK ICC is USD 2,050. Prices may vary depending on your exact requirements. To get an up-to-date price, which is tailored to your specific requirements, contact Creative Zone for an accurate quote. This way you can be sure you have a suitable price that matches exactly the activities you want to carry out.
Working with Creative Zone
So those are the key points around setting up your offshore company in RAK ICC. And
now is the time to work with a specialist to ensure your new business is set up smoothly.
When you’re looking to set up a new RAK ICC company you can be sure what you’re getting from Creative Zone is the latest, up-to-date info from people who deal with this every day.
While the setup process can be somewhat stressful, you can fast-track it by working with a company formation specialist. It’s the quickest way to get set up in the UAE, letting us take care of all the details and ensuring your application is free from errors.
We can also help you with opening a corporate bank account, and also offer important advice on the type of financial institution that would best suit your requirements.
Here at Creative Zone, we offer you the best solutions to start your company in the UAE. You get fast, reliable and unbiased advice on your unique business setup requirements. We can help you choose the right kind of license for your chosen business activity/activities, and take you through the entire process from start to finish.
You can let us deal with the hassle of registering a company while you focus on your business. And working with us means you get the best budget friendly and cost-effective solution to help make your business dream a reality.
Over 10 years, Creative Zone has helped over 36,000 entrepreneurs set up their businesses. Whether it be a mainland business setup, offshore company setup, free zone company setup, or issuing of trade licenses and any related activity for registering a company, Creative Zone is your one-stop-shop.
