RAK Offshore Company Formation

The most affordable UAE offshore jurisdiction.

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About RAK ICC

RAK ICC is the most cost-effective jurisdiction for offshore companies in the UAE and allows entrepreneurs to leverage advantages of an offshore company without paying hefty amounts. With a state-of-the-art legislation for which it is renowned all over the globe, RAK ICC gives entrepreneurs the benefit of UAE offshore company registration by providing minimal documentation yet meeting the required compliance standards. RAK ICC offers a variety of corporate structures for entrepreneurs to choose from, enabling them to select the one that best suits their needs.

Why RAK ICC?

Set up your company at the best UAE offshore jurisdiction.

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Cheapest offshore jurisdiction
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Own real estate in Dubai and RAK
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Remote company incorporation
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State-of-the-art legislation
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How it Works?

RAK Offshore company formation in three (3) simple steps:

step 1

Step 1

Receive our customized quote and consultation.

step 2

Step 2

We will prepare your documents and submit them to RAK ICC.

step 3

Step 3

Your RAK Offshore company formation will be complete.

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Pricing

Get in touch with us to know about RAK Offshore company costs.

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Process

Here’s the detailed RAK Offshore company registration and bank account opening process:

1.

Company Formation
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1.1

Trade name reservation

We will reserve the trade name of your RAK ICC company.

1.2

Company document preparation

We will prepare the following company documents:

  • Memorandum of Association (MOA)
  • Articles of Association (AOA)
  • Appointment letter of registered agent
  • Appointment letter of director(s) and secretary
  • Specimen signature

1.3

Document signing

You will be required to sign the company documents prepared.

1.4

Document submission

We will submit the signed documents to the RAK ICC authorities.

1.5

Company registration

Your RAK Offshore company registration will be complete.

2.

Bank Account Opening
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2.1

Bank selection

We will assist you in selecting the most appropriate bank as per your requirements.

2.2

Application submission

We will submit your application for the opening of your account.

2.3

Initial verification

An initial verification will be conducted by the authorities at the bank.

2.4

Document signing

You will be required to sign the bank documents.

2.5

Final verification

A final verification procedure will be conducted for compliance purposes.

2.6

Account opening

Once the final verification is complete, your account will be opened, and you are required to deposit an amount and maintain the minimum balance.

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Requirements

The following documents are required during the submission of your application:

Documents
  • Passport copy
  • Proof of address in English
Additional documents maybe required for the KYC process.
Company Details
  • Brief business description
  • Selected business activities
  • Names of shareholders and directors
  • Ultimate Beneficial Owner (UBO) of the company
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High Costs

Bypass Excessive

paperwork and steep expenditures for offshore company setup with RAK ICC.

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I set up

my offshore company with ease thanks to RAK ICC’s highly efficient legislation and robust incorporation procedures.

Frequently Asked Questions

Here are answers to the most commonly asked questions about RAK ICC company formation.

Can I transfer the domicile of my offshore company to RAK ICC?
Yes, you can change the domicile of your offshore company to RAK ICC without changing its name and legal status.
Can I own real estate in the UAE through a RAK Offshore company?
Yes, with an offshore company at RAK ICC, you can own real estate in Ras Al Khaimah and Dubai.
Can I own real estate property through a RAK ICC Foundation?
As of the date of this writing, a RAK ICC Foundation can only own an offshore company that can in turn own real estate in the UAE.
Do I need to be physically present in the UAE for the incorporation of my RAK Offshore company?
No, you can form your offshore company at RAK ICC without being physically present in the UAE.
What are the different offshore company structures that can be set up at RAK ICC?
The following types of offshore company structures can be incorporated at RAK ICC:
  • Offshore Holding Companies
  • Standard Offshore Companies (IBCs)
  • Special Purpose Vehicles (SPVs)
  • Intellectual Property Holding Companies
  • Private Client Solutions
  • Segregated Portfolio Companies (SPCs)
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We can help you with the processes in the following government departments.

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