Mainland Sector

RAK ICC Offshore Company Formation

RAK ICC (Ras Al Khaimah International Corporate Centre) is the UAE’s leading offshore registry, widely used for international structuring, asset protection, and confidentiality.

We manage your RAK ICC incorporation end to end through an approved registered agent including structuring, documentation, and bank account introduction with clear guidance on the operational scope of an offshore entity.

Key Advantages

Cost-Effective
Among the most affordable UAE offshore structures to maintain.

Confidentiality
Shareholder and director details are kept off public registers.

Asset Protection
Robust vehicle for holding investments and family wealth.

100% Ownership
Full foreign control with no local shareholder requirements.

Flexibility
Wide range of structures including foundations and segregated portfolios.

Company Structures

RAK ICC offers the widest range of offshore structures in the UAE.

Company Limited by Shares

The standard structure for holding, trading and investment activity, owned by one or more shareholders.

Restricted Purpose Company

A company restricted to a single, specified asset or activity, commonly used in financing and securitisation structures.

Segregated Portfolio Company

Holds multiple portfolios within one company, each with legally separated assets and liabilities.

Foundation

A separate legal personality (not a company) used for wealth structuring, succession planning and asset protection.

Essential Operational Facts

Understanding the offshore scope:

No UAE Trade Cannot carry out business activities within the UAE market.

No Residency Does not grant UAE residence visas or Emirates ID.

Agent Required Must be incorporated and maintained via an approved registered agent.

Office & Physical Presence

A RAK ICC company is a non-resident vehicle and is not required, or permitted, to lease physical office space or maintain a staffed presence in the UAE. All communication and statutory correspondence are handled through your approved registered agent.

UAE Residence Visas

Company Limited by Shares The standard structure for holding, trading and investment activity, owned by one or more shareholders.
Restricted Purpose Company A company restricted to a single, specified asset or activity, commonly used in financing and securitisation structures.
Segregated Portfolio Company Holds multiple portfolios within one company, each with legally separated assets and liabilities.
Foundation A separate legal personality (not a company) used for wealth structuring, succession planning and asset protection.

Strategic Partners

Documents Required for RAK ICC Setup

The documents below cover the typical requirements for each shareholder type. We will confirm the exact list during your consultation.

Passport copy of each shareholder and director.
Proof of residential address (utility bill or bank statement).
Bank reference letter.
CV or professional profile.

Estimated Timeline

Deployment Plan

Incorporation is typically completed within a few business days once all documentation and due diligence are finalized.

Cost Structure

Incorporation costs cover the government registration fee, your first year of registered agent service, and document handling. An annual renewal fee applies from the second year onward to maintain the registered agent, licence and statutory filings. Additional charges may apply for optional services such as bank account introduction support, foundation council services, or annual audit coordination. We provide a clear, itemised quote during your consultation.

Why Choose Legacy Partners for RAK ICC Setup

Direct offshore experience and a single point of contact from incorporation through to renewal.

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Direct offshore experience

We register and manage JAFZA, RAK ICC and Ajman offshore companies daily.

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Licensed registered agent service

We handle your filings, renewals and ongoing compliance as your approved registered agent.

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Banking introductions

Established relationships with UAE banks familiar with offshore structures.

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Confidential, dedicated support

A single point of contact throughout incorporation and every year after.

Frequently Asked Questions

RAK International Corporate Centre is the corporate registry of Ras Al Khaimah, formed in 2016 by consolidating the earlier RAK Offshore and RAK International Companies registries. It registers international business companies used for holding assets, group structuring and international trade outside the UAE market.

RAK ICC registers non-resident international companies with no premises, no visas and no UAE trading rights. RAKEZ issues trade licences to operating companies that can lease offices, sponsor staff and do business in the UAE. They are separate registries used for entirely different purposes.

One shareholder and one director are enough, and the same person may hold both roles. Corporate directors and corporate shareholders are permitted. A licensed registered agent must be appointed to file with the registry on the company behalf.

Incorporation is usually completed within two to five working days once the registered agent holds complete know your customer documents for every shareholder, director and beneficial owner. Bank account opening takes considerably longer and is the real determinant of the overall timeline.

RAK ICC companies must maintain proper accounting records, but filing audited financial statements with the registry is not a standard annual requirement. Audits are still commonly needed for banking, corporate tax positions and shareholder or investor reporting.

Yes, in permitted areas and subject to approval from the relevant land department. Ras Al Khaimah property is straightforward, and certain designated areas in other emirates are possible with prior consent. Confirm eligibility for the specific property before committing.

Yes. RAK ICC allows redomiciliation, so a company incorporated in another jurisdiction can transfer its registration to RAK ICC while keeping its legal identity and incorporation date. Good standing certificates and consent from the original registry are required.

No. RAK ICC companies are UAE incorporated juridical persons and fall within the scope of UAE corporate tax, so registration is required and the 0% and 9% rates apply according to taxable income. Economic Substance and beneficial ownership obligations may also apply depending on the activity.

Yes. RAK ICC is among the most affordable UAE offshore structures to incorporate and maintain, which is one of the reasons it is widely used for straightforward holding companies and international structuring. Ongoing costs cover the registry fee and the registered agent fee, with no minimum share capital burden.

RAK ICC offers companies limited by shares or guarantee, Restricted Purpose Companies and Segregated Portfolio Companies, alongside foundations for wealth and succession planning. This range lets founders choose a structure suited to holding shares, protecting assets, or ring fencing different portfolios of investments within a single legal entity.

RAK ICC Offshore Company Formation

About RAK ICC