What is RAKICC & Its Role in RAK Offshore Company Formation?

RAK International Corporate Centre (RAKICC), also known as RAK ICC, is the official government corporate registry located in the Emirate of Ras Al Khaimah, UAE. It is responsible for the registration and formation of international business companies (offshore companies) in the UAE and offers a comprehensive range of services related to international business and offshore company activities.

RAKICC was established under Decree No. 12 of 2015, later amended by Decree No. 4 of 2016, which merged two former registries:

• RAK International Companies (previously under RAK Free Trade Zone)

• RAK Offshore (previously part of RAK Investment Authority)

Today, RAKICC is recognized as a modern and world-class offshore company registration office, adhering to international best practices. It enjoys a strong reputation as one of the most respected UAE offshore company registries.

Benefits of a RAK Offshore Company in the UAE

Companies registered under RAKICC benefit from:

• Ability to open bank accounts in the company’s name

• Ownership of real estate in Ras Al Khaimah and Dubai

• 100% foreign ownership without restrictions

• Ability to hold shares in mainland or free zone companies in the UAE

• Zero taxation (no corporate or income taxes)

• Option to establish subsidiaries in the Ras Al Khaimah Economic Zone

• A robust and modern legislative framework supporting offshore company activities

• Strong compliance procedures ensuring reliability and credibility

What is RAK Offshore or RAK IBC?

The terms RAK Offshore and RAK IBC (International Business Company) refer to offshore companies registered with RAKICC in Ras Al Khaimah. Prior to the 2016 merger, RAK Offshore operated independently under the RAK Investment Authority.

Legislative Framework for RAKICC

RAKICC operates under the following key regulations:

1. RAKICC Business Companies Regulations, 2016

2. RAKICC Registered Agent Regulations, 2016

These form the legal basis for the registration, operation, and governance of offshore companies in Ras Al Khaimah.