Ras Al Khaimah is a fast developing city and emirate, situated against the backdrop of the Al Hajar Mountain Range, in the north of the UAE. It is one of the greatly developed Emirates of UAE offering very attractive and secure tax and legal environment for international business.
RAK International Corporate Centre (RAK ICC) is a United Arab Emirates Corporate Registry operating in Ras Al Khaimah. RAKICC is responsible for the registration and incorporation of International Business Companies. As well as providing a full suite of Registry services related to International Business company activity.
THE RAKICC FOUNDATION:
The Ras Al Khaimah International Corporate Centre (RAK ICC) has announced the launch of its Foundation regime and has finalised the details in the RAK ICC Foundations Regulations 2019. These regulations make provisions for the registration of a Foundation established by a founder to dedicate certain assets towards specified charitable or non-charitable purposes.
The Foundation will have a separate legal personality, and the regulations are the result of global bench-marking to ensure they meet the appropriate international standards and market requirements. They can be used for a number of purposes, including but not limited to, financial structuring, succession and tax planning, private wealth management and preservation, asset protection, and by charitable institutions.