PREMIUM CORPORATE SERVICES
RAK ICC Offshore Company Formation Services
A RAK ICC Offshore Company is a popular structure for international business, asset holding, and investment ownership. It allows entrepreneurs and investors to manage global operations while maintaining privacy and flexibility.
At Momentum, we handle the entire RAK ICC offshore company formation process, from preparing the required documentation to completing the registration.
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OVERVIEW
What is a RAK ICC Offshore Company?
A RAK ICC Offshore Company is an international business company registered through the Ras Al Khaimah International Corporate Centre (RAK ICC). It is designed primarily for conducting business outside the UAE, holding assets, and structuring international investments.
Unlike companies incorporated in mainland or free zones, a RAK ICC offshore company cannot carry out business activities within the UAE or issue residence visas. Instead, it is commonly used as a holding company, investment vehicle, or asset protection structure for individuals and businesses operating internationally.
ADVANTAGES
Benefits of RAK ICC Offshore Company
A RAK ICC offshore company provides several practical advantages for individuals and businesses looking to structure international assets or investments efficiently.
Ownership of International Assets
A RAK ICC offshore company can hold shares in foreign companies, international investments, bank accounts, intellectual property, and other global assets under a single legal structure.
Ability to Hold UAE Property
RAK ICC offshore companies can own real estate in approved freehold areas of Dubai, subject to the regulations of the relevant land departments.
Private Company Registry
RAK ICC operates a private registry, meaning company ownership details are filed with the authority but are not publicly accessible.
No Requirement for a Physical Office
Offshore companies are not required to lease office space in the UAE and instead operate using the registered address of their appointed agent.
No Visa or Local Business Obligations
Since offshore companies are designed for international activities, they are not required to maintain employees, obtain visas, or conduct business within the UAE.
Simple Ongoing Administration
RAK ICC offshore companies have relatively low reporting requirements and straightforward annual renewal procedures managed through the registered agent.
Capabilities
Features of RAK ICC Offshore Company
RAK ICC offshore companies include several key characteristics that make it suitable for holding investments and conducting business outside the UAE.
Pricing
RAK ICC Offshore Company Setup Cost
The cost of setting up a RAK ICC offshore company typically ranges between AED 11,000 and AED 14,000, depending on the services included and the registered agent handling the incorporation.
| Service | Estimated Cost |
|---|---|
| RAK ICC Offshore Company Formation | AED 11,000 – AED 14,000 |
| Annual Renewal | AED 7,000 – AED 9,000 |
| Corporate Amendments (director/shareholder changes) | Varies |
| Additional Corporate Documents | Varies |
| Bank Account Assistance | Varies |
IFZA Freezone
License Types
IFZA offers a variety of licence options to choose from that cater to different business needs. Here are the options:
OUR PROCESS
How to Set Up RAK ICC Offshore Company
To setup RAK ICC offshore company you must meet the following requirements:
RAK ICC Offshore Company Requirements
Single Shareholder
A RAK ICC offshore company can be formed with a minimum of one shareholder. The shareholder can be an individual or a corporate entity of any nationality.
Multiple Shareholders
The company may also have multiple shareholders. There are no nationality restrictions, and both individuals and corporate shareholders are permitted to hold shares in the company.
Documents Required for RAK ICC Company Formation
- Passport copy
- Proof of residential address (such as a utility bill or bank statement)
- Curriculum vitae or business profile
- Proposed company name options
- Description of the intended business activity
RAK ICC Offshore Company Bank Account
After incorporation, the company can apply to open a corporate bank account in the UAE or internationally. Banks will typically require company incorporation documents, shareholder identification, and details regarding the company's business activities and source of funds. Bank approval timelines vary depending on the institution and compliance requirements.
Why Momentum
How To Register RAK ICC Offshore Company With Momentum
At Momentum, we manage the entire RAK ICC offshore company registration process to ensure a smooth and efficient setup.
FAQ
Frequently Asked Questions
Can a RAK ICC offshore company conduct business in the UAE?
No. RAK ICC offshore companies are designed for international business and asset holding and cannot carry out commercial activities within the UAE.
How is a RAK ICC offshore company renewed?
The company must be renewed annually through its registered agent. Renewal typically involves paying the annual fee and confirming that the company’s information and activities remain unchanged.
Can a RAK ICC offshore company own property in Dubai?
Yes. RAK ICC offshore companies can own property in approved freehold areas of Dubai, subject to the regulations of the relevant land department.
Setup RAK ICC Offshore Company With Momentum
At Momentum, we handle the entire RAK ICC offshore company formation UAE process, from preparing your incorporation documents to completing the registration with the authority.
As your registered agent, we ensure your company is set up correctly and remains compliant with RAK ICC requirements. We also provide ongoing support, including renewals, corporate amendments, and assistance with bank account applications.
