Rak
ICC FREE
Zone
About RAK ICC
Empowering Global Businesses With Secure Offshore Solutions
Established in 2016 RAK ICC Free Zone stands for Ras Al Khaimah International Corporate Centre and is an offshore company registry that allows the incorporation and administration of International Business Companies. This means international companies looking to set up offshore business operations in the UAE can register in RAK ICC thanks to its robust legal framework and easy registration process.
The list of RAK ICC offshore companies is more than 30,000 long and many of them are multinational companies that have found RAK ICC to be the best place to set up their business and access the international markets of South and Central Asia, Europe, and Africa. These companies include names like Julphar Pharmaceuticals, Al Ghurair Iron & Steel, Gulf Pharmaceutical Industries, etc.
Thanks to its advanced logistics facilities, professional support services, and workforce from more than 160 different countries RAK ICC Free Zone has seen immense success at an international level and this has resulted in millions of dollars of investment pouring into the United Arab Emirates and the list of RAK ICC offshore companies growing every day.
Why RAK ICC?
The unique location of the RAK ICC Free Zone coupled with easy access to all the major seaports and airports make it a perfect location for companies looking to tap into not just the Middle Eastern markets but the Asian, African, and European Markets as well and for international companies the kind of legal framework and privacy that RAK ICC provides make it extremely beneficial.
Not only do multinational companies enjoy tax exemption status and repatriation of their profits but they also retain full ownership of their business in the jurisdiction of RAK ICC Free Zone. This coupled with plentiful government incentives and large amounts of foreign investment has made RAK ICC the primary hub for offshore companies looking to operate in the region.
Benefits of Setting Up a Business in RAK ICC
Corporate Benefits
The incorporation of your RAK ICC offshore company takes only one day and there are no restrictions on the number of shareholders and a minimum requirement for capital.
Legal Benefits
RAK ICC Free Zone has a strict legal framework in place to ensure maximum security and privacy for all offshore companies.
UAE Double Tax Treaty
The United Arab Emirates is a member of the UAE Double Tax Treaty network and this allows for companies operating in RAK ICC a lot of tax benefits in their home country.
Transfer of Domicile
If your business is in another domicile, offshore jurisdiction, or free zone, you can easily transfer it to the jurisdiction of RAK ICC Free Zone.
Family Offices
RAK ICC allows the creation of single-family offices (SFO) so that the interests and affairs of single-family and their assets can be better managed.
Special Purpose Vehicle
Special Purpose Vehicles are separate legal entities created to protect and manage financial assets. They reduce financial and legal risks for RAK ICC offshore companies.
Business Activities in RAK ICC
A wide variety of business activities are conducted in the RAK ICC Free Zone and some of these business activities include Investment and Trading, Consultancy, and Advisory Services, legal and financial management services, Family Wealth and Estate Planning, and RAK ICC offshore companies can also hold real estate both in UAE and internationally.