Ras Al Khaimah International Corporate Centre – IBC
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15+ Years Of Experience
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50+ Team Members
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1000+ Happy Customer
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10,000+ Companies Formed (in UAE and worldwide)
Ras Al Khaimah International Corporate Centre - IBC
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.
In 2016, Ras Al Khaimah launched an offshore facility, by passing of Ras Al Khaimah International Corporate Centre Business Companies Regulations 2016 – also called RAK ICC.
Advantages and Limitations
Advantages:
- 100% Ownership
- Permitted to own freehold property in Dubai
- No capital requirements
- Asset Protection
- Facility for name reservation
Limitations:
- Cannot carry out business (or provide services) with a UAE based customer / supplier
- Cannot have a physical office in UAE
- Cannot sponsor UAE residence visas for employees / directors / shareholder
Types of Companies that can be incorporated under Ras Al Khaimah International Corporate Centre:
- Company limited by shares
- Company limited by guarantee that is not authorized to issue shares
- Company Limited by guarantee that is authorized to issue shares
- Unlimited company that is not authorized to issue shares
- Unlimited company that is authorized to issue shares
Features of RAKICC International Business Company –Limited by Shares
Must end with “Limited” or Incorporated
- Minimum: 1
- Residency Requirements: None
- Corporate Shareholder: Permitted (notarized copy of corporate documents required to be submitted to RAKICC)
- Required to be filed to the registry
- No public disclosure of information
- Minimum: 1
- Currency: AED, USD, EUR, GBP (other currencies with approval)
- Classes of shares: one or more
- Minimum: 1
- Residency Requirements: None
- Corporate Director: Permitted (but at least one individual director is to be appointed)
- Required to be filed to the registry
- Minimum: 1
- Residency Requirements: None
- Required to be filed to the registry
- No public disclosure of information
Not required under RAKICC regulation, however it is recommended to prepare audit report, as this may be required by the authority during compliance inspection.
Yes, the company is required to maintain accounting information. Accounting records should include detailed transactions and accurate financial statements, underlying documentation such as invoices, contracts and all other relevant documents pertaining to accounts records including business transactions should be maintained for a period of 5 years with their Registered Agents at the Registered Office.
Not required to be filed to the registry
Yes, Company must appoint an approved registered agent.
Registration will take approx. 5 working days.
All the companies which are registered in UAE shall compulsorily register for Corporate Tax. In case of companies, there is no threshold for CT Registration and it is mandatory to register in any case. The company must complete the registration 3 months from date of incorporation.
Every anniversary date of incorporation
Allowed
Allowed
Documents Required for a RAK ICC International Business Company Registration
Individual’s KYC Docs:
- Passport – original to be verified personally in our office, otherwise client can provide an original notarized copy of the passport
- UAE Visa Copy, if applicable
- UAE Entry Stamp, if applicable
- N.O.C. from UAE Sponsor, if applicable
- Address Proof (original recent utility bill for residence)
- Bank Reference letter (original)
- CV / Profile
- Dully filled FATCA Form
- Notarized US Declaration (if a US Person)
Corporate Shareholder’s KYC Attested (items 1-6 Notarised):
- Certificate of Incorporation
- Memorandum / Articles of Association
- Board Resolution
- Power of Attorney
- Certificate of Incumbency
- Certificate of Good Standing
- Bank Reference Letter
All shareholders of a RAK ICC International Business Company (or authorized attorney in case shareholder is a corporate entity) are required to sign in our presence before incorporation of the company. Alternatively they can provide a notarized passport copy and notarized Memorandum & Articles of Association certifying their signatures.
RAK ICC International Business Company Formation Cost:
| 1st Year Fees & Charges: | |
|---|---|
| Authority fees for incorporation* | AED 3,000/- |
| 2nd Year Onwards: | |
|---|---|
| Authority fees for renewal* | AED 3,750/- |
*Professional Fees for Incorporation of RAKICC IBC and Annual Registered Agent Fees are to be quoted separately.
How GBS Can Help?
Global Business Services FZCO has helped many individuals and corporate entities to set up their businesses in RAK ICC International Business Company. Our Company acts as a one stop solution for RAK ICC International Business Company incorporation services.
If you are looking for a RAK ICC International Company set up, please get in touch with us for professional assistance.
Why Choose GBS for Company Formation Services in UAE?
Understanding Clients’ Needs
As the best business setup consultancy firm in UAE, our team provides thorough analysis of client requirements and offers a personalized approach tailored to meet each client's needs.
Flexible Pricing & Cost Transparency
For company formation service in UAE, we offer flexible pricing and cost transparency with top of the line multiple payment options, including online payments and bank transfers
Years of Expertise
Global Business Services FZCO holds years of expertise while offering unmatched guidance and support when starting your new venture.
Work Track Record
As a prominent business advisor and consultant, GBS boasts a world-class track record, successfully supporting many firms across various industries.
Client words
Hear what our satisfied clients have to say about their successful journeys with us.
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10,000+
Companies formed
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100%
client satisfaction
I had a fantastic experience with the Global Business Services FZCO. their team was knowledgeable, professional, and efficient. they guided me through the entire process of establishing my business. I highly recommend their services to anyone looking to set up a business in Dubai.
I hired Global Business Services for my online store in Dubai Free Zone. They quickly handled everything from visas to paperwork. Great experience overall.
I’m happy to choose Global Business Services FZCO for their outstanding business setup services in UAE. Their professional team guided me through each stage, answering all my questions quickly and clearly. Their personalized approach made me feel well taken care of.
