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RAKICC (Ras Al Khaimah International Corporate Centre) is a world-class corporate registry based in the Emirate of Ras Al Khaimah, United Arab Emirates. It is responsible for the registration and incorporation of international business companies (IBCs), commonly referred to as RAK Offshore companies.
RAKICC was established following the consolidation of two former entities: RAK International Companies (formerly under RAK Free Trade Zone) and RAK Offshore (formerly under RAK Investment Authority). This merger brought together the strengths of both into a single, more powerful offshore jurisdiction.
100% Foreign Ownership
No need for a local UAE partner or sponsor.
No Corporate or Income Taxes
Ideal for asset protection, holding companies, and global trading.
Confidentiality
Shareholder and director details are not publicly disclosed.
No Local Office Requirement
Operations can be conducted from anywhere in the world.
Flexible Business Activities
Includes holding companies, consulting, investment, shipping, etc.
(Note: No direct business within the UAE)
International Bank Account Assistance
Open accounts in the UAE or abroad with proper documentation.
Why Choose RAKICC Through NEXO Services FZE LLC?
Offer valid until 30 April 2025
A fee of AED 500 applies for each corporate shareholder.
The above packages include up to three (3) individual shareholders for a RAK ICC company. An additional fee of AED 500 will be charged for each shareholder beyond the initial three.
Bank account opening is subject to the personal profile of the client and the company. Final approval and discretion lie solely with the respective b
👉 Get in touch today to begin your seamless RAK Offshore company formation journey.
A UBO (Ultimate Beneficial Owner) is the natural person who ultimately owns or controls a company, either directly or indirectly. Generally, a person is considered a UBO if they:
Hold 25% or more of the company’s shares or voting rights, or
Exert significant control or influence over the company.
The declaration must include:
Full name of the UBO
Nationality and passport/ID details
Residential address
Nature of ownership/control
Date of becoming the UBO
Mandatory Compliance: Failure to submit UBO details can lead to penalties and administrative actions.
Transparency: Helps prevent misuse of corporate structures for illicit activities.
Banking & Licensing: UBO compliance is often a prerequisite for opening bank accounts and renewing licenses.
We assist clients in accurately preparing and submitting the UBO Declaration as part of our RAK Offshore company formation service, ensuring full compliance with RAKICC and UAE regulations.
The UAE Economic Substance Regulations (ESR) were introduced to align the UAE with international tax standards set by the OECD and the EU. While they primarily apply to companies engaged in specific Relevant Activities, they also present several strategic advantages for RAK Offshore (RAK ICC) companies.
Only companies conducting Relevant Activities are subject to ESR, which include:
We help RAK Offshore companies assess their ESR obligations, prepare and file necessary notifications or reports, and ensure timely compliance with regulatory deadlines.
No, a RAK Offshore company cannot conduct business within the UAE mainland. However, it can hold shares in UAE companies, own property (in approved areas), and operate internationally
100% foreign ownership
No corporate or income taxes
Confidentiality of shareholders and directors
No office space requirement
Low-cost and quick incorporation process
Asset and IP protection
International banking access
We work with a wide range of industries including real estate, trading, consulting, e-commerce, restaurants, logistics, and more — in both Free Zones and Mainland UAE.
For individuals:
Passport copy
Proof of address
CV or business profile
For corporate shareholders:
Certificate of incorporation
Memorandum & Articles of Association
Board resolution authorizing the setup
UBO details
No, RAK Offshore companies are not required to lease office space in the UAE. A registered agent and registered address are mandatory.
Yes. RAK Offshore companies can open corporate bank accounts in the UAE or internationally. However, approval is subject to the bank’s compliance review and due diligence.
