RAK International Corporate Centre (RAKICC) is a world class corporate registry responsible for the incorporation of International Business Companies (IBC) in Ras Al Khaimah, a powerhouse emirate known as a giant commercial and trading hub with an economy that never ceases to thrive and expand. The RAKICC offers foreign investors a full suite of registry services and operates with clear compliance policies under a modernized legislation with common law influence and access to Common Law Courts.

The full tax-exemption, lack of foreign exchange controls, no office or annual financial reporting requirements, all the whilst being a reputable and secure jurisdiction on the Organization for Economic Cooperation and Development’s (OECD) White List, make a RAKICC company an undeniably attractive financial instrument for investors from all over the world. A RAKICC company, depending on the entity form and the investors particular needs can be an excellent solution for conducting international business and trade outside the UAE, as a secure holding company for worldwide investments and subsidiaries and as a vehicle for facilitation of asset and wealth management as well as constructive estate planning, the latter being especially effective when combined with a RAKICC Foundation.

Company Formation in RAKICC

The incorporation of a company in RAKICC, regardless of the entity type, is a one-day seamless procedure that our firm, as an experienced licensed registered agent for RAKICC and RAKEZ can guide you through and promptly provide you with the full set of company documents as well as obtain any relevant license without your having to visit the UAE, even if you are going to be a director or shareholder yourself. Our firm can also provide you with all the necessary services for the administration of your company, including director and management services as well as accounting, bank account opening, compliance and legal support.

Despite the fact that a RAKICC company is considered to be an international business company, we strongly recommend using the service of our UAE resident director.
This will ensure that the company will be considered as managed and controlled from the territory of the UAE, and thus will secure a corporate tax rate of 0% without the risk of being challenged by foreign tax authorities. However, we would like to stress that in the case of appointment of our director, our firm will take the administration of your company very seriously and professionally and in order to guarantee the utmost efficient service will require a complete disclosure of the company's business activities, financial transactions including the management of the company’s bank accounts.

Even though, there is no requirement for RAKICC companies to have a physical office in Ras AL Khaimah, it was worth noting that this does not apply to some particular business activities such as shipping, headquarters business, Intellectual Property holding amongst a few others. Furthermore, a RAKICC company may not engage in banking, financial or insurance business activities, for these purposes a RAKEZ company would be an excellent solution. Moreover, for those who wish to take advantage of the benefits that a RAKICC can offer but also have an active business structure, the activities of which are restricted by this registry, may strongly benefit from the RAK Premium Product which is a unique financial vehicle that offers a combination of the two company types at the cost of one. Contact our corporate team for more information on various products and packages available in Ras Al Khaimah.

There are several types of entities that can be registered in RAKICC, each designed to cater and benefit a particular business model and requiring a specific business license.
For the convenience of our clients, below we have briefly outlined some of the different possible uses for a RAKICC Company:

• International Business Company (IBC) – Excellent instrument to facilitate worldwide investments and global trade;
• Holding Company - Flexible corporate vehicle to hold shares in subsidiary companies;
• Special Purpose Vehicle (SPV) – A constructive solution for holding and easily transferring specific assets such as real estate without the need to involve local notaries or land registries;
• Joint Venture Company – A partnership agreement that allows members to combine resources for business development to maximize profits with minimal or no new investment;
• Project Company – A vehicle to own and operate a specific project while reducing the exposure of shareholders to liability;
• Family Office – Private vehicle with limited disclosure obligations;
• Incorporated Tenant Association – An organized instrument for efficient real estate development and management;
• Unlimited Company – Excellent International Tax Planning vehicle;
• Segregated Portfolio Company - Use of segregated portfolios for different assets can insulate each asset from liability and permit the separation of ownership from management and control.

Corporate Features of an International Business Company in RAKICC

For more information on Ras Al Khaimah or a free consultation on how a UAE company can benefit your business, please feel free to Contact us at any time and our corporate team will promptly address your request.