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In the dynamic landscape of global business, offshore jurisdictions play a crucial role in asset protection, tax efficiency, and international expansion. Among the top choices for offshore company formation in the UAE is the RAK International Corporate Centre (RAK ICC). Located in Ras Al Khaimah, RAK ICC has emerged as a preferred offshore hub for entrepreneurs and investors worldwide.
If you're considering business setup in RAK ICC, here's a look at the key features that make this jurisdiction a standout destination for offshore incorporation.
What is RAK ICC?
RAK ICC is a modern corporate registry operating in the Emirate of Ras Al Khaimah, UAE. It provides a platform for non-resident entrepreneurs, multinational companies, and high-net-worth individuals to set up offshore entities with ease, flexibility, and legal protection. RAK ICC is known for its international standards, robust legal framework, and business-friendly policies.
Key Features That Make RAK ICC a Popular Offshore Hub
1. Full Foreign Ownership
RAK ICC allows 100% foreign ownership, enabling international investors to have complete control over their offshore companies without needing a local UAE partner. This makes business setup in RAK ICC highly attractive for non-resident entrepreneurs.
2. No Corporate or Income Tax
One of the most appealing features of RAK ICC is its zero-tax regime. There is no corporate tax, income tax, capital gains tax, or withholding tax on offshore companies. This makes RAK ICC ideal for international tax planning and profit maximization.
3. Confidentiality and Asset Protection
RAK ICC ensures a high level of confidentiality. The names of shareholders and directors are not publicly disclosed, offering enhanced privacy and asset protection for global investors and business owners.
4. Global Recognition and Compliance
RAK ICC complies with international standards such as OECD guidelines, AML (Anti-Money Laundering) regulations, and FATF recommendations. This ensures that businesses formed here are recognized and respected globally.
5. Flexible Business Structures
The jurisdiction allows various structures including:
This flexibility is ideal for businesses involved in international trade, asset holding, real estate investments, and wealth management.
6. Ability to Own Property in the UAE (in Designated Areas)
RAK ICC companies can own real estate in designated areas in Dubai and Ras Al Khaimah, giving foreign investors an opportunity to invest in the UAE property market via their offshore entity.
7. Cost-Effective Setup and Maintenance
Compared to other international jurisdictions, business setup in RAK ICC is relatively affordable. The registration and annual renewal fees are cost-effective, making it suitable even for startups and small businesses.
8. Access to UAE Banking
RAK ICC companies are eligible to open corporate bank accounts in the UAE, providing access to a world-class financial ecosystem and a stable banking environment.
9. Fast and Efficient Incorporation Process
Setting up a company in RAK ICC can be done in just a few days. The process is streamlined and digitized, supported by professional registered agents to simplify paperwork and compliance.
Ideal Use Cases for RAK ICC Offshore Companies
Why Choose Avyanco UK for Business Setup in RAK ICC?
At Avyanco, we provide end-to-end support for offshore company formation in RAK ICC. From advising you on the right structure to managing documentation and compliance, our experts ensure a hassle-free setup process tailored to your business needs.
We help you:
Final Thoughts
Whether you're looking to expand your global footprint, protect your assets, or manage international wealth, business setup in RAK ICC offers unmatched benefits. With its strategic location, investor-friendly policies, and strong regulatory framework, RAK ICC stands out as one of the best offshore jurisdictions in the region.
Ready to start your offshore business in the UAE?
Contact Avyanco UK today and let our experts guide you through the seamless setup process in RAK ICC.