Access premier company formation and licensing services in RAK Offshore through our team of seasoned professionals. Contact us today for expert assistance.
RAK Offshore Company Formation, officially referred to as RAKICC Offshore Company Setup, offers an ideal solution for businesses aiming to operate internationally while leveraging the pro-business environment of Ras Al Khaimah.
RAK International Corporate Centre (RAKICC), the corporate registry for Ras Al Khaimah, was created to address the growing global demand for offshore company structures in the UAE. Established under Decree No. 12 of 2015 and consolidated by Decree No. 4 of 2016, RAKICC unified RAK Offshore and RAK International Companies registries to streamline company formation and licensing procedures.
This consolidation has positioned RAKICC as a leading hub for offshore business formation, offering an efficient and cost-effective path for international operations.
RAKICC delivers offshore company setup services with a focus on international best practices, emphasizing corporate governance, compliance, and operational transparency. Businesses benefit from simplified incorporation, flexible structuring, and comprehensive administrative support.
100% ownership without the requirement for a local UAE partner or sponsor.
Zero corporate, income, and withholding taxes.
No mandatory annual audits or financial reporting obligations.
High levels of privacy with no public disclosure of shareholder or director information.
Act as a vehicle for managing joint ventures and international investment portfolios.
Own and manage real estate properties internationally (with limitations within the UAE unless approved zones).
Establish SPVs for risk mitigation, asset protection, and structured financing.
Manage family wealth, asset protection, and succession planning for high-net-worth individuals and families.
✅ General Trading License:- Allows companies to engage in international trading of goods and products; however, not allowed to trade within the UAE market directly.
✅ Holding Company License:- Designed for entities that wish to hold assets, such as shares in other companies, real estate, or intellectual property.
✅ Consultancy/Service License:- Allows offshore companies to provide consultancy, advisory, or professional services internationally, excluding the UAE market.
✅Intellectual Property Holding:- RAK offshore company formation allows companies to hold trademarks, patents, and copyrights
✅ Investment and Joint Venture Activities:- Acts as holding vehicles for investments and joint ventures, facilitating global partnerships and investment management.
✅International Property Holding License:-For offshore companies wishing to own and manage real estate internationally, excluding properties within the UAE, unless approved in designated areas.
✅ Special Purpose Vehicle (SPV):- Allows the formation of Special Purpose Vehicles, typically used for risk management, asset protection, and financial structuring.
✅ Family Office License:-Offshore Company Formation RAK supports high-net-worth asset management and succession planning.
Estimated Timeline: 15 to 20 Days
Engage with a consultant to determine the best approach for your RAK offshore company setup.
Timeframe: 1–3 days
Collect and prepare all necessary documentation as per RAKICC guidelines.
Timeframe: 3–5 days
Apply, including company name reservation, shareholder and director details, and MOA/AOA.
Timeframe: 2–3 days
RAKICC conducts due diligence and ensures compliance with offshore regulations.
Timeframe: 5–7 days
Settle the required incorporation and service charges.
Timeframe: 1–2 days
RAKICC issues the Certificate of Incorporation, share certificates, and supporting documentation.
Timeframe: 2–3 days
Open a UAE or international corporate bank account to facilitate business transactions.
Timeframe: 5–10 days
Required documents vary based on the legal structure of the business: Individual Shareholder and Corporate Shareholder.
| Document Type | Individual Shareholder | Corporate Shareholder |
|---|---|---|
| Passport Copy | Copy of valid passport (for each shareholder/director) | Passport copy of the company's authorized representative |
| Proof of Address | Recent utility bill or bank statement (not older than 3 months) | Proof of address for the company’s authorized representative |
| Bank Reference Letter | May be required, depending on the service provider | Bank reference letter for the company (optional but recommended) |
| Shareholders Resolution | Not Applicable | Resolution from the corporate shareholder authorizing company setup and appointing a representative |
| Certificate of Incorporation | Not Applicable | Certified copy of the corporate shareholder’s Certificate of Incorporation |
| Memorandum and Articles of Association (MOA/AOA) | Not Applicable | Certified copy of the corporate shareholder’s MOA/AOA |
| Board Resolution (for Director Appointment) | Not Applicable | Board resolution appointing directors for the offshore company |
| Directors and Shareholders List | List of proposed directors and shareholders | List of directors and shareholders of the corporate entity (if applicable) |
| Power of Attorney (if applicable) | Power of attorney if appointing someone to act on behalf of the individual | Power of attorney for the representative acting on behalf of the corporate entity |
| Company Name Proposal | Proposed company name | Proposed company name |
The total cost of JAFZA offshore company formation varies depending on registration fees, licensing, and annual renewal charges. Consulting with experienced business setup professionals ensures accurate cost estimation and efficient incorporation.
