United Arab Emirates
Company Formation in RAK ICC
RAK International Corporate Centre
Overview
RAK ICC (formerly RAK Offshore) is the UAE's premier international business company (IBC) registry. It is designed for offshore holding structures, intellectual property vehicles, and international trading companies that do not need a physical UAE presence or visas. RAK ICC is governed by its own International Business Companies Regulations and offers one of the fastest, most affordable IBC formations in the world.
Why Choose RAK ICC
Fastest IBC formation in the UAE — 1–2 days
0% tax — no corporate or income tax
No annual audit or accounting requirement
Ideal for holding, IP, and international trading
Allows redomiciliation from other jurisdictions
Extremely affordable formation and renewal
Business Entity Types
| Entity | Ownership | Directors | Capital | Tax | Best For |
|---|---|---|---|---|---|
| International Business Company | 100% | 1 | None | 0% — no tax | Holding companies, IP vehicles, international trading |
Step-by-Step Formation Process
Application
1 daySubmit formation documents to RAK ICC.
Incorporation
1 dayCertificate of incorporation issued.
Costs & Fees
| Government / License Fee | AED 5,000+ |
| Our Service Fee | USD 2,500+ |
| Annual Renewal | AED 5,000+ |
Fees are indicative and may vary based on business activity, entity type, and additional approvals required. Contact us for a precise custom quote.
Get Custom QuoteBanking
RAK ICC companies face challenges with banking as they have no physical UAE presence. Offshore-friendly banks recommended.
Recommended Banks
Tax Overview
IBCs do not benefit from UAE double tax treaties.