RAK ICC (Ras Al Khaimah International Corporate Centre)
(Also known as RAK Offshore)
If you are looking to make a quick and hassle-free investment vehicle setup in the Middle East, opt for RAK International Corporate Centre (RAK ICC) - the easiest way to start a company!
Essentially, RAK International Corporate Centre (RAK ICC) is a newly merged entity of the previous two types of companies – RAK IC and RAK Offshore.RAK IC companies were registered by RAK Free Trade Zone Authority and RAK Offshore companies were registered by RAKIA.
These two companies were comparatively similar but had some variations on the applicable regulations.
Merger between RAK IC and RAK Offshore was announced in May 2016. New changes are being applied to newly formed registry. The regulations and laws of RAK ICC are being made more thorough and comprehensive to simplify various procedures.
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Why you should setup a company in RAK ICC?
Encouraged by the fast growth and development of the industries in the UAE, the two registries have come together to provide world-class services and take the overall efficiency and standards of servicing to the next level.
RAK ICC has flexible regulations and it is an ideal location for all types of business operations. If you are looking at an easy way of setting up an offshore company at a low cost then RAK ICC in Ras Al Khaimah is the place for you as it provides many benefits, such as:
- 0% corporate and personal tax;
- 100% foreign ownership;
- 100% repatriation of capital and profits;
- No requirements for the minimum share capital;
- Business-friendly regulations followed by confidentiality;
- Company documents do not need any attestations for use in the UAE, Saudi Arabia, Qatar, Oman and Bahrain.
How to register a company in RAK ICC?
Setting up a business in Ras Al Khaimah is very easy and cost-effective. To start an offshore company, the applicant must contact one of the officially registered agents of the RAK ICC registry responsible for handling and submitting all the incorporation documents to the Companies Registrar.
The main documents needed for the registration of an offshore company RAK ICC in Ras Al Khaimah are:
- Passport copies of both directors and shareholders;
- Confirmation of the address of shareholders and directors- utility bills not older than 3 months;
- Bank reference letter;
- Short CV on shareholder main professional and educational background;
It is not mandatory for the applicant to be physically present in the country for the incorporation as it is handled by the registered agent. It takes an average of up to 2-3 business days to setup a company.
Commitbiz for RAK ICC Company Formation
Commitbiz is a registered RAK ICC agent that helps small, medium and large companies as well as entrepreneurs. We take care of all business requirements of our clients and assist them with company incorporation in RAK ICC, from start till end. Business development team from Commitbiz works towards limiting our clients' liabilities, and ensuring that their assets are protected with free money repatriation and nil taxation, thereby ascertaining their business growth.
We handle legal and documentation formalities, provide strategic business inputs and take care of your company formation in RAK ICC for your unhindered business growth.
Contact us for your offshore company setup requirements in RAK ICC; our team will be glad to assist you.
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