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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.
Types of Companies that can be incorporated under Ras Al Khaimah International Corporate Centre:
Features of a RAK ICC Company Set up:
10. Company Renewal:
Renewals for RAK ICC International Company falls every anniversary date of incorporation. Failure to do so result in penalties.
In the event the company is not renewed within 6 months of the renewal due date, the company will be struck off from the registrar of the companies.
Latest valid passport copy and recent utility bill for address proof of shareholder/director are required to be submitted at every renewal as a part of enhanced due diligence. If shareholder is a corporate entity, then latest certificate of incumbency and above stated docs of directors would be required.
11. Documents Required for a RAK ICC International Business Company Registration:
Individual’s KYC Docs:
Corporate Shareholder’s KYC Attested (items 1-6 Notarised):
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.
|1st Year Fees & Charges:|
|Authority fees for incorporation*||AED 3,000/-|
|2nd Year Onwards:|
|Authority fees for renewal*||AED 3,250/-|
Professional Fees for RAK ICC International Business Company Registration and Annual Agent Fees are to be quoted separately.
Global Business Services DMCC 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.
Whilst every effort has been made to ensure that the details contained herein are correct and up-to-date, it does not constitute legal, tax or other professional advice. We do not accept any responsibility, legal or otherwise, for any errors or omissions.