RAK International Corporate Centre (RAKICC)

RAK International Corporate Centre (RAKICC)

RAK International Corporate Centre (RAKICC) is the sole entity in Ras Al Khaimah for the incorporation and formation of International Business Companies (offshore companies). RAKICC was formed from the consolidation of the registries of RAK International Companies (formerly a part of the RAK Free Trade Zone) and RAK Offshore (formerly a part of the RAK Investment Authority). During this process, Ras Al Khaimah’s existing company law was updated to keep pace with developing international standards and the new Ras Al Khaimah International Corporate Centre Business Companies Regulations 2016 were enacted on the 20th of January 2016.

There are several advantages of RAKICC such as, conducting business as an international entity, protecting investments in other foreign countries, board meetings can be held anywhere in the world, and incorporating a company as a segregated portfolio company among others.

Benefits in Setting up in RAK International Corporate Centre

  • 0% Corporation tax, 0% VAT and no income tax

  • No requirement for the owner or director to visit the UAE in person

  • 100% full foreign ownership

  • 100% repatriation of capital and profits

  • Personal presence is not required for company incorporation

  • Confidentiality is preserved; there is no public record of shareholders or directors

  • No audit requirement or requirement to submit financial statements

  • Can maintain bank accounts in the UAE

Business Activities

  • Holding shares in international, local or free zone companies

  • International consulting

  • Investment company

  • Trading activities outside the UAE

  • Holding intellectual property

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