Expanding your business globally shouldn’t mean dealing with unnecessary restrictions or losing control. Ras Al Khaimah International Corporate Centre (RAK ICC) offers a seamless offshore solution with 100% foreign ownership, no minimum capital requirements, and a strong legal framework designed to protect your assets and optimize operations. 

Whether you’re an entrepreneur, investor, or corporation looking for financial flexibility and global reach, company set up in RAK ICC provides the perfect foundation for growth.  

Let’s explore how this premier offshore jurisdiction can help you unlock new opportunities and scale with confidence. 

Why Company Set Up in RAK ICC? 

1. Ownership Control: 100% Foreign Ownership 

One of the most attractive features of RAK ICC is the ability to maintain full ownership and control over your company. Unlike mainland UAE businesses that often require a local Emirati shareholder, through comapny set up in RAK ICC, you get:

• Full control over business operations, profits, and decision-making. 

• No restrictions on the number of shareholders and types of shares issued. 

• The ability to appoint corporate directors, making it ideal for holding structures. 

• Shareholder agreements that can be customized based on the company’s requirements. 

• The ability to register a share pledge, ensuring additional investor security. 

2. Flexibility: Minimal Regulations, Maximum Opportunities 

RAK ICC businesses benefit from operational flexibility that makes them highly attractive for global entrepreneurs: 

• No minimum capital requirement – Offshore companies can be incorporated without declaring or depositing a specific capital amount. 

• No financial account filing – Companies are not required to submit annual financial statements, reducing compliance costs. 

• Easy bank account setup – Companies can open corporate bank accounts in the UAE or internationally without restrictions. 

• No restrictions on profit repatriation – Owners can freely transfer capital and earnings without government intervention. 

• Onshore expansion options – RAK ICC entities can establish subsidiaries in Ras Al Khaimah Economic Zone (RAKEZ) or other UAE free zones at a competitive cost. 

3. Security: Strong Legal Framework and Global Recognition 

RAK ICC operates under Common Law principles, ensuring a robust and investor-friendly legal framework: 

• Companies have the ability to resolve disputes in DIFC and ADGM courts, which follow internationally recognized Common Law systems. 

• RAK ICC adheres to OECD and FATF compliance standards, ensuring international legitimacy. 

• Businesses benefit from strong corporate governance, with flexible shareholder and director structures. 

• Investors can structure their businesses for asset protection and secure succession planning. 

4. Cost-Effective Business Setup and Operational Savings 

Company set up in RAK ICC offers significant cost advantages compared to other offshore jurisdictions, including: 

• No office space requirement – Companies have a registered office within RAK ICC, eliminating the need for physical premises. 

• No corporate tax or VAT applicable on offshore companies unless they derive UAE-sourced income. 

• Access to the UAE’s tax treaties – Benefiting from over 200 tax agreements, including 123 treaties to avoid double taxation and 87 for investment protection. 

Additional Benefits of an Offshore Company Set up in RAK ICC 

• Multi-currency bank account eligibility – Ideal for businesses engaged in global trade. 

• Ability to invest in UAE real estate – Offshore companies can own property in designated areas within Dubai and Ras Al Khaimah. 

• Simplified regulatory environment – No complex licensing requirements, making it easy to set up and maintain. 

• High confidentiality standards – No public access to company ownership details. 

• No audit obligations – Reducing compliance burdens and making it easier to manage financial reporting. 

Types of Offshore Entities That Can be Set Up in RAK ICC 

RAK ICC provides a variety of offshore company structures to suit different business needs: 

• Company Limited by Shares – The most common structure where shareholders’ liability is limited to their investment. Suitable for holding companies, trading businesses, and asset protection. 

• Company Limited by Guarantee – Used by non-profits, trusts, and foundations where liability is limited to a predefined guarantee. 

• Segregated Portfolio Company (SPC) – Also known as a Protected Cell Company, allowing businesses to create separate portfolios with distinct legal liabilities. Ideal for investment firms and asset protection. 

• Restricted Purpose Company – Designed for businesses with specific, predefined objectives, such as securitization or special-purpose vehicles (SPVs). 

• Unlimited Company – A structure where shareholders have unlimited liability, used in specific financial and trust-related structures. 

Who Should Consider Setting Up an Offshore Business in RAK ICC? 

• Entrepreneurs looking to expand their business internationally while benefiting from a tax-efficient jurisdiction. 

• Corporations seeking a strategic holding structur for global investments can opt for a company set up in RAK ICC. 

• Investors interested in asset diversification and estate planning. 

• Businesses looking for a cost-effective offshore entity to manage international trade. 

• Wealthy families focused on secure estate planning and wealth preservation. 

How MS Can Help You For Company Set Up in RAK ICC? 

MS offers seamless, expert-driven support for setting up your offshore company in RAK ICC. From company registration and compliance to banking facilitation and corporate structuring, we take care of every detail, ensuring a smooth and efficient process. With our in-depth knowledge of UAE regulations and a client-focused approach, we help you for company set up in RAK ICC and leverage its advantages while ensuring full compliance and operational ease.