RAK ICC — Ras Al Khaimah, UAE
One shareholder,
one director, fully remote
A modern, well-regulated offshore registry for holding companies, international trading, IP and family wealth structures.
RAK ICC is quick to set up, cost-effective, and doesn't require an annual audit. TFZ is a registered agent and handles the whole process remotely.
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Minimum shareholder and director
0
Audit requirement
130+
Double tax treaties accessible
1–2 wks
Typical incorporation time
Why Choose a RAK ICC Company?
Types of RAK ICC Entities
Best for: Holding, trading, investment
Most common; 1+ shareholder, 1+ director, no minimum capital.
Best for: Non-profit and membership structures
Members guarantee a fixed amount instead of holding shares.
Best for: Securitisation and financing
Objects are restricted to specific transactions.
Best for: Funds and multiple asset pools
Separate portfolios with ring-fenced assets and liabilities.
Best for: Specific tax-planning uses
Shareholders have unlimited liability.
Best for: Family wealth and succession
Separate legal personality, no shareholders, governed by a council.
Key Features of a RAK ICC Company
Step-by-Step RAK ICC Registration
Documents Required
Timeline for Formation
| Stage | Approximate Time |
|---|---|
| KYC and document collection | 2 – 5 days |
| Name reservation | 1 day |
| Incorporation by RAK ICC | 2 – 5 days |
| Bank account opening | 2 – 6 weeks |
| Total (typical, excluding bank) | 1 – 2 weeks |
Cost of a RAK ICC Company
| Cost Item | Indicative Amount (AED) | Frequency |
|---|---|---|
| RAK ICC incorporation fee | 8,000 – 10,000 | One-time |
| RAK ICC annual renewal fee | 6,000 – 8,000 | Annual |
| Registered agent fee (TFZ) | Quoted on request | Annual |
| Certificate of incumbency / good standing | 500 – 800 | As needed |
| Foundation registration | 5,000 – 8,000 | One-time |
| Company redomiciliation into RAK ICC | 4,000 – 6,000 | One-time |
| Bank account opening assistance | Quoted on request | One-time |
Compliance Requirements
Annual renewal
Renew through the registered agent before the anniversary date.
Accounting records
Keep records showing financial position; no audit or filing needed, retained 7 years.
Corporate tax
Register with the FTA and file a return within 9 months of year end.
Economic Substance Regulations
Notification and report for relevant activities, annually.
UBO register & KYC
Maintained with the registered agent; refreshed on expiry or change.
Registers & AML
Registers of members, directors and charges maintained by the agent; ongoing AML screening.
How TFZ Helps
RAK ICC is one of the most flexible and cost-effective corporate vehicles in the Middle East. TFZ designs the right structure and keeps it compliant year after year.
Everything You Need to Know About RAK ICC
From redomiciliation to bank accounts and Dubai property, here are answers to the questions investors ask most.
Fees, timelines and rules quoted on this page are indicative, change from time to time and depend on the authority, licence type and activity chosen. TFZ confirms exact figures in writing before any engagement begins.
Talk to TFZ Today
Get a free consultation on RAK ICC company formation.