RAK ICC Company Formation
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RAK ICC Company Formation in the UAE
Start Your Offshore Company the Right Way
Establishing an offshore company through RAK ICC connects you to one of the UAE’s most streamlined and investor-friendly jurisdictions. These companies, registered under Ras Al Khaimah International Corporate Centre but operating internationally, suit activities like global trading, asset holding, and IP management, all while offering limited liability protection.
RAK ICC is known for its straightforward registration process, solid legal framework, and flexible commercial options. It attracts entrepreneurs, consultants, and international investors seeking an offshore structure without hassle.
As a registered agent with RAK ICC, Elevate Accounting & Auditing manages the entire formation process with precision and compliance, making your company setup smooth and hassle-free.
| COMPANY INCORPORATION WITH COI | FEES |
|---|---|
| 1 Year | 3000 AED |
| Renewal Cost | 3750 AED |
| Elevate Professional Fees Yearly | 5000 AED |
| COMPANY INCORPORATION WITH COI | FEES |
|---|---|
| 3 Years | 9000 AED |
| Renewal Cost | 10100 AED |
| Elevate Professional Fees Yearly | 5000 AED |
| COMPANY INCORPORATION WITH COI | FEES |
|---|---|
| 2 Years | 6250 AED |
| Renewal Cost | 6900 AED |
| Elevate Professional Fees Yearly | 5000 AED |
| FOUNDATIONS | FEES |
|---|---|
| Registration | 850 AED |
| Renewal Cost | 850 AED |
| Elevate Professional Fees Yearly | 5000 AED |
Steps to Set Up a RAK ICC Offshore Company
Clear steps. Clean execution. With Elevate, everything is handled right.
Setting up an offshore company through RAK ICC might seem layered, but with Elevate Accounting & Auditing guiding you through each stage, the process becomes simple, fast, and fully compliant. Here’s what it takes:
Define Your Business Activities and Choose a Company Name
Select the commercial activities your RAK ICC company will engage in. Then pick a unique, appropriate business name that aligns with RAK ICC guidelines.
Engage an Approved Registered Agent
Only licensed agents can handle RAK ICC offshore company registrations. Elevate Accounting & Auditing acts as your registered agent, managing the paperwork, liaising with authorities, and steering the process smoothly.
Gather and Submit Your Application Documents
Depending on your company’s ownership structure, you’ll need to compile a set of documents (more on this below). We help you collect, prepare, and submit them properly.
Make the Required Payments
Once your documents are approved, you’ll pay the necessary government fees. Elevate provides full clarity on costs upfront — no hidden surprises.
Receive the Company Incorporation Certificate
Once approved, you’ll receive your incorporation certificate from RAK ICC. From here, your company is officially registered.
Open a Corporate Bank Account
A bank account in the UAE is key to smooth operations. Elevate assists with the introduction and paperwork required to get your account set up swiftly.
Requirements for RAK ICC Offshore Company Formation
Know what you’ll need. We’ll handle the rest.
The documents required for forming a RAK ICC offshore company depend on how your business is structured, as an individual or through a corporate entity. Here’s what typically applies:
For a Company with a Single Shareholder (Individual):
- Notarized passport copy
- Recent utility bill or proof of address
- Proof of residence (e.g., tenancy contract or ID)
- Bank reference letter addressed to RAK ICC
- Personal CV
- Last six months’ bank statement
For a Company with Multiple Shareholders (Corporate Structure):
- Attested copy of the business license or incorporation certificate
- Attested Memorandum and Articles of Association
- Shareholders’ resolution (attested)
- Passport copies of all directors and shareholders
- Certificate of Good Standing
- Certificate of Incumbency
Important: RAK ICC authorities may request additional documents based on the company type, shareholder structure, or activity selected.
Advantages of RAK ICC Offshore Company Formation
Starting an offshore company through RAK ICC offers more than just a UAE address. It gives your business the structure and legal clarity it needs to grow across borders while protecting what matters most.
Strong Privacy Protections
RAK ICC offshore companies are not listed in public registries. Your shareholder and director details stay confidential. There is no requirement to publish financial statements, and audits are not mandatory. The result is a setup that lets you work efficiently without unnecessary exposure.
Reduced Legal and Financial Risk
The RAK ICC structure clearly separates the company’s assets from those of its owners. This limits financial risk in case of legal disputes. It’s an effective way to keep personal assets safe while conducting business internationally.
Ready for Global Expansion
With a legally recognised UAE address and the option to open a corporate bank account, a RAK ICC company is positioned to interact with global clients and partners. This structure is especially useful for activities like international consulting, trading, or intellectual property management.
No Corporate Tax
Offshore companies under RAK ICC are not subject to the UAE’s 9% corporate tax, as long as they operate outside the country. This allows for efficient profit management, especially for businesses dealing in multiple currencies or international markets.
FREQUENTLY ASKED QUESTIONS
Who can form a company in RAK ICC?
Entrepreneurs, investors, consultants, and businesses looking for an offshore structure with limited liability can form a company in RAK ICC.
What are the main benefits of RAK ICC company formation?
Benefits include limited liability protection, confidentiality, tax exemptions, and a streamlined registration process.
Can I open a corporate bank account with a RAK ICC company?
Yes, you can open a corporate bank account to manage your international transactions smoothly.
Does a RAK ICC company allow business activities inside the UAE?
No, offshore companies registered with RAK ICC cannot conduct business within the UAE mainland. Offshore companies like these are set up to run international business only and are not meant for doing business inside the UAE.
What documents are required to form a RAK ICC offshore company?
Typically, notarized passport copies, proof of residence, bank reference letters, and depending on the company structure, additional corporate documents are needed.
How long does it take to complete RAK ICC company formation?
The process generally takes 7 to 10 working days, depending on document preparation and approvals.
Is it necessary to have a physical office in Ras Al Khaimah?
No physical office is required since it is an offshore company, but a registered agent like Elevate Accounting & Auditing handles the formalities.
What is the minimum number of shareholders needed for RAK ICC company formation?
You can form a RAK ICC offshore company with a single shareholder or multiple shareholders.
Partner with Experts Who Know RAK ICC
As an official registered agent of RAK ICC, Elevate Accounting & Auditing handles every step of your offshore company formation. From preparing accurate documents to submitting applications and liaising directly with RAK ICC authorities, we simplify the process.
Set up your RAK ICC offshore company today with Elevate by your side!