Start your Business Today in
RAK International Corporate Centre (RAK ICC)
RAK ICC, situated in the vibrant business hub of Ras Al Khaimah, UAE, stands as a premier destination for global entrepreneurs seeking to establish offshore entities. Renowned for its adherence to industry-leading standards and best practices, RAK ICC offers a robust framework for international business company formation, ensuring full compliance and legal protection.
At RAK ICC, entrepreneurs benefit from a streamlined incorporation process and a conducive business environment, tailored to facilitate growth and expansion on an international scale. The jurisdiction’s favorable regulatory landscape, coupled with its strategic location, makes RAK ICC an optimal choice for business spanning various industries.
From international trading to patent management, real estate ownership to holding company operations, RAK ICC caters to diverse business needs, providing the essential advantage of limited liability protection.
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Why RAK ICC?
Seamless Ownership Structure
At RAK ICC, you have the freedom of absolute ownership control without the hassle of seeking local partnerships. With 100% ownership, you retain full control over your company's direction and decision-making process.
Flexible Shareholding Options
Experience unrestricted flexibility with rak icc as there are no limitations on the type of shares or shareholders. Whether it's issuing bonus shares, partly paid shares, or nil paid shares, RAK ICC allows you to tailor your shareholding structure to suit your business needs.
Capital Efficiency
Unlike mainland companies in the UAE that require a minimum capital deposit, RAK ICC offers the advantage of no minimum capital requirement. This financial flexibility allows you to allocate resources where they are most needed, whether it's for expansion, innovation, or operational needs.
Strategic Legal Framework
Benefit from an efficient legal system at RAK ICC, operating under Common Law legislation. This grants you access to a robust legal framework, including the Common Law Courts of ADGM and DIFC, ensuring compliance with both local and international laws.
License Options at Meydan Free Zone
Media License
Permits businesses to operate and engage in advertising, marketing, web design, and printing-related activities.
Service & Consultancy License
Professional licenses cover business consultancy, accounting, real estate advisory, HR, technical support, and related services.
Commercial License
Enables general trading, retail services, and import/export. Meydan Free Zone lacks warehouse space for physical goods.
Key Requirements for Establishing an Offshore Company in RAK ICC
The prerequisites for establishing a RAK ICC offshore enterprise vary based on the company’s specific structure and arrangement.
For a RAK ICC Offshore Company with a Single Shareholder
- Notarized Copies of Passports
- Bank Reference Letter directed to the RAK Offshore Authority
- Proof of Residency
- Curriculum Vitae
- Company's Bank Statement for the preceding six months
For a RAK ICC Offshore Company with Multiple Shareholders
- Attested Photocopy of Applicant Company's Business License or Incorporation Certificate
- Attested Memorandum of Association for RAK ICC company formation
- Attested Shareholder's Resolution
- Passports Copies of all Directors and Shareholders
- Certificate of Good Standing
- Company's Incumbency Certificate
- Additional documentation may be requested by authorities for RAK ICC company formation.
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Steps to Launching Your Business in RAK ICC
Take the first step towards success with our expert guidance.
1
Determine Your Business Activities
Begin by outlining the activities your RAK ICC Offshore Company will engage in. Choose a name that aligns with your business objectives and is distinctive within the RAK ICC jurisdiction.
2
Engage a Registered Agent
Connect with a reputable registered agent for your RAK ICC Offshore Company, such as those recommended by RAK ICC. They’ll facilitate the registration process and act as your liaison with governmental bodies.
3
Compile Necessary Documents
Gather all required documentation for RAK ICC Company Formation according to your chosen company type. Ensure completeness and accuracy before submission to RAK ICC authorities.
4
Fulfill Financial Obligations
Make prompt payments for registration fees and associated expenses using convenient online platforms, cash, or secure money transfers. Once processed, anticipate the swift incorporation of your RAK ICC Offshore Company.
5
Establish a Corporate Bank Account
Optimize financial management by initiating the setup of a dedicated business account. This will streamline operations and enhance efficiency for your RAK ICC Offshore Company.
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