RAK ICC Offshore Company Formation

What is RAK ICC Offshore Company Formation?

The Ras Al Khaimah International Corporate Centre (RAK ICC) is a world-class offshore registry in the UAE, enabling foreign investors to establish International Business Companies (IBCs). It offers 100% foreign ownership, zero corporate or personal taxes, and no minimum capital requirements. Designed for global operations, asset protection, and wealth management, it provides fast incorporation, international recognition, and freedom from physical office requirements.

Benefits of RAK ICC Offshore Company Formation

100% Foreign Ownership

- Enjoy complete control of your offshore entity with no local sponsor requirement ensuring independence in decision-making, profit retention, and business governance, giving investors full freedom for international operations.

Zero Corporate and Personal Taxes

RAK ICC offshore companies pay no income tax, capital gains tax, or corporate tax allowing maximum profit retention while still remaining compliant with global tax transparency and economic substance regulations.

Full Capital and Profit Repatriation

There are no restrictions on fund transfers, making cross-border movement of profits and capital seamless ensuring your investments and operations can expand globally without financial barriers.

Robust Asset Protection

Assets held under RAK ICC are shielded from external claims and liabilities making it ideal for securing intellectual property, real estate, or high-value holdings in a stable, reliable jurisdiction.

Global Banking Access

Open UAE and international corporate bank accounts with multi-currency facilities enable smooth international trade, cross-border payments, and access to global financial networks.

International Recognition

RAK ICC’s compliance with OECD standards and AML laws enhances credibility worldwide, strengthening your company’s acceptance with banks, regulators, and international partners.

Cost Effective Set-up & Renewal

Incorporation and renewal costs are lower than other popular offshore jurisdictions. With no paid-up capital requirement, entry barriers remain minimal for startups and established investors alike.

No Physical Office Requirement

RAK ICC companies are not obligated to lease UAE office space. This reduces overheads while still allowing a prestigious UAE registered address.

Permitted Business Activities for RAK ICC Offshore Companies

Types of Legal Structures in RAK ICC Offshore

Company Limited by Shares (CLS)

The most popular entity, limiting shareholder liability to their shareholding. Ideal for trading, asset holding, and global business operations.

Company Limited by Guarantee (CLG)

Designed for non-profit organizations, charities, or associations. Members commit to limited financial contributions during liquidation.

Restricted Purposes Company (RPC)

Used for specific, pre-defined purposes such as structured finance or trustee roles. It provides strong legal certainty but limited flexibility.

Segregated Portfolio Company (SPC)

Allows multiple segregated portfolios under one entity. Each portfolio’s assets are ring-fenced, making it highly efficient for fund management or multi-project businesses.

Unlimited Company

Rarely used, as shareholders have unlimited liability. It is typically reserved for specialized legal or trust-related structures.

Types of Licenses Available for RAK ICC Offshore Companies

Trading License

Enables global import/export and trading, excluding direct UAE mainland trade. Essential for cross border supply chain businesses.

Holding Company License

Used to consolidate ownership of shares, real estate, or IP under one entity. Provides liability protection and simplified control.

Consultancy / Advisory License

Allows professional services such as financial, IT, or research advisory for overseas clients. Ideal for global consultancy firms.

Intellectual Property (IP) Holding License

Protects and manages trademarks, patents, and copyrights. Enables efficient royalty structures for subsidiaries worldwide.

Asset Holding License

Grants ownership rights for yachts, aircraft, or other non-operating high-value assets. Protects wealth while separating ownership from risk.

Step-by-Step RAK ICC Offshore Company Setup Process

1. Initial Consultation & Structure Planning

Your business goals and activities are analyzed to select the right legal entity, license and jurisdiction. This ensures strategic and complaint structuring.

2. Document Preparation

KYC documents, Memorandum & Articles, and UBO declarations are compiled and notarised. This ensures smooth compliance with RAK ICC standards.

3. Application Submission

The registered agent submits all documents, secures name approvals and aligns activities with regulatory requirements.

4. Incorporation & Licensing

RAK ICC issues the Certificate of Incorporation and relevant licenses, officially registering your offshore company.

5. Post Incorporation Services

Bank account opening, compliance registrations, and renewals are arranged to keep your company fully operational and compliant.

Documents Required

Passport Copies
Passport copies of all shareholders and directors.
Proof of Address
Proof of residential address such as utility bills or bank statements.
Completed RAK ICC application forms.

Memorandum and Articles of Association.
Ultimate Beneficial Owner (UBO) declaration.
Parent company documents if shareholders are corporate entities.

Why Choose DSA for RAK ICC Offshore Company Formation?

Bespoke Structuring Advice

End-to-End Incorporation Management

Compliance and Regulatory Assurance

Banking Assistance & Introductions

Ongoing Post-Incorporation Support

FAQs – RAK ICC Offshore Company Formation

Yes, investors enjoy full foreign ownership without needing a UAE partner.

No, they are exempt from income tax, corporate tax, and capital gains tax.

With complete documents, incorporation can be finalised in 2–3 working days.

No, activities are limited to international operations and approved freehold ownership.

No, offshore companies do not need office space, keeping costs minimal.

Yes, RAK ICC companies can open UAE and international bank accounts.

There is no mandatory paid-up share capital, making setup cost-effective.

Yes, they can own property in approved zones like Palm Jumeirah and Dubai Marina.

While accounts must be maintained, there is no obligation for annual audits.

Yes, nominee directors and shareholders are permitted under UAE regulations.

RAK ICC Offshore Company Formation