RAK ICC Company Formation
RAK ICC is a leading UAE offshore jurisdiction for international holding and asset protection. RAK ICC is the UAE's most popular offshore jurisdiction — modern legislation, cost-effective, and highly regarded by international banks.
About RAK ICC
RAK ICC is a UAE offshore (IBC) jurisdiction designed for non-resident international business — holding companies, asset protection, IP licensing, and cross-border structuring.
RAK ICC is the UAE's most popular offshore jurisdiction — modern legislation, cost-effective, and highly regarded by international banks.
Why this is the right option
100% foreign ownership
Full ownership and control by non-residents.
Tax neutrality
Non-resident IBC — no corporate or income tax exposure in the UAE.
Confidentiality
Shareholder details not on a public register.
No physical office
Registered agent address sufficient.
Multi-currency banking
Open USD, EUR, GBP, AED accounts with UAE/international banks.
Fast formation
Typical incorporation in 5–10 working days.
Documents required
- Passport copy of shareholders & directors
- Proof of address (utility bill, max 3 months old)
- Bank reference letter or CV
- Proposed company name (3 options)
- Business activity description
How it works, step by step
- 01
Initial consultation
Tell us your activity, goals, and budget. We recommend the right jurisdiction.
- 02
Document collection
We share a clear document checklist and collect everything via secure upload.
- 03
Application & approvals
Our team files the trade name reservation, initial approval, and licence application.
- 04
Licence issuance
Trade licence + MOA are issued. We hand over originals digitally and by courier.
Starting from AED 11,000
Indicative incorporation cost for RAK ICC. Annual renewal and registered agent fees apply.
Frequently asked questions
Can't find what you need? Our consultants are happy to answer any specific questions.
Ask a ConsultantHow long does the whole process take?+
Typical timelines are 3–10 working days from receipt of complete documents, depending on the jurisdiction and activity.
Do I need to be in the UAE during setup?+
For most setups, no. Many steps can be done remotely. Emirates ID biometrics and bank visits require a short visit.
Can I have 100% foreign ownership?+
Yes. 100% foreign ownership is now permitted for most mainland activities and is standard across all UAE free zones.
What ongoing costs should I budget for?+
Annual trade licence renewal, office/flexi-desk fee, immigration card renewal, and visa renewals (every 2–3 years).
Do you help with bank account opening?+
Yes — we introduce you to UAE banks and EMI providers and assist with KYC documentation. Final approval rests with the bank.
Ready to start your UAE journey?
Speak with a consultant. No obligation. We respond within 1 business day.