RAK ICC · UAE's Largest Offshore by Company Count

RAK Offshore (RAK ICC) — The UAE's Most Versatile & Cost-Effective Offshore

Form a RAK International Corporate Centre (RAK ICC) company — the UAE's largest offshore registry with 15,000+ companies, multiple corporate structures (LLC, IBC, Foundation), and packages from AED 9,500.

From AED 9,500 15,000+ Companies 4 Corporate Structures 4–6 Day Setup

15K+

Registered Companies

100+

Countries Represented

4–6

Days to Incorporation

40%

Cheaper than JAFZA Offshore

What RAK ICC companies are used for

Asset Protection
International Trade
Holding SPV
IP Holding
Family Foundation
Asset Confidentiality

What Is RAK ICC?

RAK International Corporate Centre (RAK ICC) was established in 2016 by merging RAK International Companies (RAKIC) and RAK Offshore — creating the UAE's largest offshore registry by company count with over 15,000 active companies from 100+ countries.

RAK ICC's appeal is the combination of premium UAE positioning, multiple corporate structures, and the lowest entry pricing among recognised UAE offshore jurisdictions. Setup from AED 9,500. Available structures include the standard RAK ICC LLC, International Business Company (IBC), RAK Foundation (for family wealth and succession), and SPV vehicles — more flexibility than JAFZA Offshore or Ajman Offshore.

15,000+

Active companies

4

Corporate structures

None

Minimum capital

1

Minimum shareholder

RAK ICC — UAE's Largest Offshore

Operated by the Ras Al Khaimah government, RAK ICC offers the broadest range of offshore corporate structures in the UAE.

Why Choose RAK Offshore?

Premium offshore benefits at the lowest entry price, with the broadest range of corporate structures in the UAE.

Lowest Cost UAE Offshore

From AED 9,500 — 35–40% cheaper than JAFZA Offshore. Annual renewals are similarly attractive.

4 Corporate Structures

RAK ICC LLC, IBC, RAK Foundation, RAK ICC SPV — broadest offshore structure menu in the UAE.

100% Foreign Ownership

Single-shareholder companies permitted. No UAE national director, no local sponsor.

Confidentiality

Closed corporate register — shareholder and director details are not publicly searchable.

0% Foreign Income Tax

No corporate tax, no income tax, no withholding tax on foreign-sourced income.

Asset Protection

Bankruptcy-remote SPV structure separates personal wealth from business risk.

OECD-Compliant Reputation

RAK ICC complies with OECD CRS, FATCA, and UBO standards — recognised by international counterparties.

RAK Foundation Available

Unique to RAK ICC — a foundation structure for family wealth, charitable purpose, and intergenerational planning.

Fast Setup

4–6 working days to incorporation — among the fastest offshore registries globally.

RAK ICC's Four Corporate Structures

Pick the structure that matches your specific use case — from simple single-asset SPV to multi-generational family foundation.

Structure 01

RAK ICC LLC

Standard limited liability company — the most common RAK ICC structure. Used for international trading, holding, and asset protection.

  • 1+ shareholders, 1+ directors
  • Limited liability protection
  • No minimum capital required
  • From AED 9,500
Structure 02

RAK ICC IBC

International Business Company — designed for cross-border trading and international holdings. Streamlined documentation versus standard LLC.

  • Single-shareholder permitted
  • Streamlined incorporation
  • International trade focus
  • From AED 11,500
Structure 03

RAK Foundation

Civil-law foundation — for family wealth, charitable purpose, or perpetual succession. The UAE's only offshore foundation structure outside DIFC/ADGM.

  • Multi-generational structure
  • Charter & by-laws governance
  • Charitable or family purpose
  • From AED 22,000
Structure 04

RAK ICC SPV

Special-purpose vehicle for single-asset holding — real estate (foreign), IP, securities. Streamlined for one-purpose deployment.

  • Single-asset/single-purpose
  • Bankruptcy-remote
  • Faster incorporation
  • From AED 12,500

What Founders Use RAK ICC For

RAK ICC's flexibility supports a wide range of international structuring needs.

Use Case 01

Asset Protection SPV

Ringfence personal wealth, business interests, or family assets within a RAK ICC vehicle — separating risk from ownership.

  • Single-purpose entity per asset
  • Bankruptcy-remote structure
  • Pre-litigation protection
  • Confidential ownership
Use Case 02

International Trading

Buy from country A, sell to country B — RAK ICC IBC is purpose-built for cross-border trading without UAE market exposure.

  • Multi-jurisdiction trading
  • Multi-currency banking
  • Re-export & transit trade
  • No UAE market access (by design)
Use Case 03

Group Holding

Apex of a multinational group — hold shares in operating subsidiaries across multiple jurisdictions.

  • Multi-subsidiary holding
  • Dividend consolidation
  • M&A acquisition vehicle
  • Pre-IPO restructuring
Use Case 04

Family Foundation

RAK Foundation for multi-generational asset holding — UAE's only offshore foundation structure outside DIFC/ADGM.

  • Multi-generational structures
  • Charter-based governance
  • Charitable or family purpose
  • Sharia-compliant succession

How to Set Up a RAK ICC Company

Our 6-step process completes incorporation in 4–6 working days.

1
Structure Choice

Pick LLC / IBC / Foundation / SPV

2
Trade Name

Reserve a compliant offshore name

3
KYC Pack

Submit shareholder/director KYC

4
Incorporation

RAK ICC issues certificate of incorporation

5
MOA & Registers

MOA notarisation & share registers

6
Bank Account

Corporate bank account opening

Documents Required for RAK ICC Setup

RAK ICC enforces internationally-aligned KYC standards (OECD CRS, FATCA, UBO) but with a more streamlined documentation pack than JAFZA Offshore. Most submissions happen via the registered agent portal.

Personal presence in the UAE is required only for bank account opening — typically a single 1–2 day visit.

Get Document Checklist
  • Passport copies of shareholders & directors
  • Recent passport-size photographs
  • Address proof (utility bill or bank statement)
  • Bank reference letter
  • CV or LinkedIn profile of shareholders
  • Source of funds declaration
  • Beneficial ownership disclosure (UBO)
  • Apostilled corporate documents (corporate shareholders)
Tailored Pricing

Need a Custom Quote for Your Setup?

Every business is different — your jurisdiction, visa needs, banking requirements, and timeline shape the final cost. Tell us about your plans and we’ll send a transparent, all-in quote within one business day.

Reply in 1 business day No obligation Transparent, all-in pricing

Why Fairway for Your RAK ICC Setup?

RAK ICC's flexibility is its strength — and its complexity. Picking LLC vs IBC vs Foundation has material tax, banking, and structuring consequences. Fairway has placed 1,000+ RAK ICC companies and we know which structure fits which use case.

Talk to a Specialist
4-Day Incorporation

Direct RAK ICC registered-agent access — fastest UAE offshore turnaround.

Right Structure First

LLC for simple holdings, IBC for trading, Foundation for family wealth.

Bank-Pre-Approved KYC

Pre-vetted channels at Mashreq, RAKBank, ENBD, ADCB.

Lifetime Support

Renewals, amendments, registered agent, and annual compliance.

★★★★★

RAK Foundation was the right call for our family wealth structure — Sharia-compliant succession with the privacy of a UAE jurisdiction. Fairway drafted the charter, coordinated banking at Mashreq Private, and incorporated in eight days. Outstanding work.

FK
Faisal Khouri Trustee, Khouri Family Foundation · RAK ICC

RAK Offshore Frequently Asked Questions

Quick answers to the questions we hear most often. Have a different question? Just WhatsApp us.

RAK ICC is larger (15K+ companies vs 5K+), cheaper (AED 9,500 vs AED 14,500), and offers more corporate structures (LLC, IBC, Foundation, SPV). JAFZA Offshore is older, more prestigious, and the only UAE offshore approved by Dubai Land Department for direct Dubai property ownership. Choose RAK ICC for cost-efficient international holdings; JAFZA Offshore for Dubai real estate or premium positioning.

Direct Dubai freehold property ownership is restricted to JAFZA Offshore, ADGM, and DIFC entities. RAK ICC companies can own property in Ras Al Khaimah and certain other emirates, and can hold foreign real estate worldwide. For Dubai property specifically, we typically recommend JAFZA Offshore.

RAK Foundation is a civil-law foundation — a unique structure for multi-generational wealth holding, charitable purposes, or perpetual succession planning. It has no shareholders (only beneficiaries) and is governed by a charter and by-laws. Best suited to UHNW families, philanthropic vehicles, and structures requiring perpetual existence beyond founder lifespan. RAK ICC is the only UAE offshore offering foundations outside DIFC/ADGM.

No. RAK ICC companies are restricted from conducting business activities, leasing UAE office space, or hiring UAE employees inside the UAE. They exist for international business and holding purposes. For UAE market access, you'll need a separate free zone or mainland license.

No. RAK ICC companies do not issue UAE residence visas. For visa eligibility you'll need a free zone, mainland, or property-investor visa via direct property ownership. Many of our clients combine a RAK ICC SPV (for asset holding) with a separate free zone license (for visa).

4–6 working days from full document submission. Bank account opening adds 8–14 working days. Full active-company timeline (incorporation + bank account) is typically 3–4 weeks.

Foreign-sourced income is generally not subject to UAE corporate tax. The UAE's 9% corporate tax (above AED 375K) applies to mainland-business income, which a RAK ICC cannot earn. Always seek tax advice in your country of tax residence.

Yes — RAK ICC is recognised by all major UAE banks: Mashreq, RAKBank, ENBD, ADCB, ADIB. Some banks (especially private-banking arms) prefer minimum deposits. International banks like HSBC UAE and Standard Chartered also accept RAK ICC. Fairway pre-matches your structure to the right banking channel.

Free Consultation

Ready to Set Up RAK ICC?

Get a free 30-minute consultation with a Fairway RAK ICC specialist. We'll match your use case to LLC / IBC / Foundation, recommend the right banking, and quote your full setup cost — itemised.

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