RAK ICC is reinventing offshore company formation. It’s not just
another free zone or a retrofitted legacy jurisdiction, it’s a
purpose-built, modern international business ecosystem, designed
from scratch for global entrepreneurs, investors, and family
offices. Unlike Dubai or Abu Dhabi free zones, which are set up for
local trading and operations, RAK ICC is 100% focused on purely
offshore activity. Meaning, if you want to hold assets, manage
investments, own intellectual property, or run an international
consultancy,
without needing a physical office, local employees, or direct
trade in the UAE, then RAK ICC is the perfect freezone.
RAK ICC is a
fully government-backed offshore free zone, operating under both UAE
federal law and Common Law. Here, you get the legitimacy of a real
government jurisdiction, not a gray-area offshore setup. For
founders, that means internationally recognized company documents, a
transparent legal structure, and access to the UAE’s world-leading
financial infrastructure,
without ever needing to set foot in the country.
The whole setup process is digital, handled by registered agents,
and typically takes less than a week from start to finish.
RAK
ICC companies pay
0% tax on income, 0% tax on capital gains, and 0% tax on
dividends. There is no corporate tax, no personal tax, and no VAT for
offshore activities. All profits can be sent freely outside the
country. You get
full foreign ownership, no local
sponsor or hidden partner required. There are no social security
contributions, no mandatory audits, no annual meetings, and no
annual filings. This is the essence of the modern offshore company,
a lightweight, highly competitive structure that minimizes
compliance headaches.
RAK ICC
company records are fully private, director and
shareholder details are not made public. This is a big deal for
founders who value confidentiality for asset protection, succession
planning, or simply to avoid unnecessary attention. Everything is
processed in English by registered agents, with a discreet process
designed for busy, international entrepreneurs.
RAK ICC
is not for local trading, it’s for international holding,
intellectual property, investment, and asset protection. RAK ICC
companies can own property in designated UAE areas, but they cannot
trade directly onshore or hire locally. If you want a UAE company
for local operations, look elsewhere. If you want
a zero-tax, fully private, 100% foreign-owned international
company, then
RAK ICC is the best, most founder-friendly
choice in the region.
Setting up a traditional company in
the UAE can be expensive, slow, and crowded with paperwork. RAK ICC
changes that. Legal documents are issued in days, not weeks. The
process is 100% digital. No auditors, no residency requirements for
shareholders or directors, no office leases, just a lean,
digital-first workflow for founders who want to move fast.
You
don’t need to be wealthy to use RAK ICC. Formation costs and annual
fees are extremely competitive, far below the cost of similar
structures in Dubai, Abu Dhabi, or classic offshore hubs like the
Cayman Islands. For founders, solo operators, and lean startups, RAK
ICC is the most accessible and affordable way to get a
internationally recognized company.
You would choose RAK
ICC over
RAK DAO if
your goal is global business structuring rather than operating in
the digital assets space. RAK ICC is an offshore jurisdiction ideal
for holding companies, SPVs, asset protection, and international
investments, giving founders a flexible, cost-efficient, and
confidential platform to manage cross-border and global business.
Click
here to see our
UAE Crypto LLC formation plan, and feel free to get in touch with us if you have any questions,
or want to talk through the various RAK ICC options and nuances.
