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.
What RAK ICC companies are used for
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.
Active companies
Corporate structures
Minimum capital
Minimum shareholder
Operated by the Ras Al Khaimah government, RAK ICC offers the broadest range of offshore corporate structures in the UAE.
Premium offshore benefits at the lowest entry price, with the broadest range of corporate structures in the UAE.
From AED 9,500 — 35–40% cheaper than JAFZA Offshore. Annual renewals are similarly attractive.
RAK ICC LLC, IBC, RAK Foundation, RAK ICC SPV — broadest offshore structure menu in the UAE.
Single-shareholder companies permitted. No UAE national director, no local sponsor.
Closed corporate register — shareholder and director details are not publicly searchable.
No corporate tax, no income tax, no withholding tax on foreign-sourced income.
Bankruptcy-remote SPV structure separates personal wealth from business risk.
RAK ICC complies with OECD CRS, FATCA, and UBO standards — recognised by international counterparties.
Unique to RAK ICC — a foundation structure for family wealth, charitable purpose, and intergenerational planning.
4–6 working days to incorporation — among the fastest offshore registries globally.
Pick the structure that matches your specific use case — from simple single-asset SPV to multi-generational family foundation.
Standard limited liability company — the most common RAK ICC structure. Used for international trading, holding, and asset protection.
International Business Company — designed for cross-border trading and international holdings. Streamlined documentation versus standard LLC.
Civil-law foundation — for family wealth, charitable purpose, or perpetual succession. The UAE's only offshore foundation structure outside DIFC/ADGM.
Special-purpose vehicle for single-asset holding — real estate (foreign), IP, securities. Streamlined for one-purpose deployment.
RAK ICC's flexibility supports a wide range of international structuring needs.
Ringfence personal wealth, business interests, or family assets within a RAK ICC vehicle — separating risk from ownership.
Buy from country A, sell to country B — RAK ICC IBC is purpose-built for cross-border trading without UAE market exposure.
Apex of a multinational group — hold shares in operating subsidiaries across multiple jurisdictions.
RAK Foundation for multi-generational asset holding — UAE's only offshore foundation structure outside DIFC/ADGM.
Our 6-step process completes incorporation in 4–6 working days.
Pick LLC / IBC / Foundation / SPV
Reserve a compliant offshore name
Submit shareholder/director KYC
RAK ICC issues certificate of incorporation
MOA notarisation & share registers
Corporate bank account opening
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 ChecklistEvery 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.
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 SpecialistDirect RAK ICC registered-agent access — fastest UAE offshore turnaround.
LLC for simple holdings, IBC for trading, Foundation for family wealth.
Pre-vetted channels at Mashreq, RAKBank, ENBD, ADCB.
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.
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.
Tell us your setup preferences and our consultants will calculate a transparent, all-in quote within one business day. No spam, no high-pressure sales — just a clear path to your setup.
Need an instant reply?
Chat on WhatsAppShare a few details and we’ll prepare a tailored cost estimate for your business setup.