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RAKICC Free Zone, or Ras Al Khaimah International Corporate Centre, is a business-friendly free zone located in Ras Al Khaimah, UAE. Established in 2015 through the merger of RAK Free Zone and RAKIA, it was designed to simplify business regulations and attract global entrepreneurs. Today, it is home to over 40,000 companies with shareholders from 160 countries, making it a key hub for international business.
Is RAKICC Free Zone Right for Your Business?
International businesses want a tax-free environment.
Entrepreneurs seeking 100% foreign ownership.
Companies looking for cost-effective offshore setup.
Businesses need confidentiality and asset protection.
Investors interested in transferring corporate domicile from other offshore jurisdictions.
Key Benefits and Features of RAKICC Freezone
1. Tax Advantages
| Tax Benefit | Description |
|---|---|
| Zero Corporate Tax | No taxation is applied on company profits. |
| No VAT or Sales Tax | Exempt for businesses that do not trade within the UAE. |
| 100% Tax Repatriation | Companies can transfer all profits abroad without any restrictions. |
2. Full Foreign Ownership
3. Flexible Business Setup
No minimum capital requirement.
No need for a physical office.
No personal presence required for company formation.
4. Privacy and Legal Protection
Confidentiality:
Owner and director names are not publicly listed.
Common Law System:
Legal matters can be handled through DIFC (Dubai International Financial Centre) and ADGM (Abu Dhabi Global Market) courts, familiar to international investors.
Corporate Domicile Transfer:
Companies from other offshore jurisdictions can relocate to RAKICC, a rare feature among UAE free zones.
5. Strategic Location
Business Structures and RAKICC Free Zone Licenses
| Company Type | Description |
|---|---|
| Company Limited by Shares | Owners’ risk is limited to the value of their shares. |
| Company Limited by Guarantee | Suitable for non-profits; members support it with personal guarantees. |
| Restricted Purposes Company | Created for specific tasks or projects, such as structured finance. |
| Unlimited Company | No limit on liability; owners are personally responsible for debts. |
| Segregated Portfolio Company | Keeps assets and liabilities separate in individual portfolios. |
| Intellectual Property Holding Company (IPHC) | Ideal for managing intellectual property like trademarks and patents. |
| Premium Product | Connects an offshore company to an onshore RAKEZ subsidiary; allows UAE operations and visas (excludes SPCs). |
| Special Purpose Vehicles (SPVs) | Designed to isolate risk in complex deals or investment structures. |
| Holding Company (Holdco) | Owns shares in other companies without managing day-to-day operations. |
| Family Offices | Manages and preserves the wealth of a single family. |
| RAK ICC Foundation | Separate legal entity used for asset protection, succession, or charitable purposes. |
| Global Product | A midshore solution offering flexibility in business activities and global reach. |
How to Set Up a Business in RAKICC
Step 1: Choose a Registered Agent
A licensed registered agent must be used to handle paperwork and communication with RAKICC authorities.
Step 2: Prepare Required Documents
To set up a company in RAKICC Freezone, specific documentation is required based on whether the applicant is an individual or a corporation. Below is a breakdown of the key documents needed for each category.
| Individuals | Corporations |
|---|---|
| Passport copy | Certified copies of company documents |
| Recent utility bill (as proof of address) | Certificate of Incumbency & Good Standing (recent) |
| Bank statement (last 3 months) | Notarized Board Resolution (certified by UAE Embassy) |
| Digital passport-sized photo | Shareholder structure diagram |
Step 3: Submit Application
The standard setup takes 6-8 days, but fast-track options like 24-hour or VIP 7-day processing are available.
Step 4: Open a Bank Account
Assistance is available for opening a corporate bank account, including options with WIO BANK at reduced service fees.
Step 5: Apply for a Residency Visa (if required)
You can also apply for a residency visa, taking about 7 days, with premium services for VIP clients.
Start Your Business in RAKICC Free Zone with A&A Associate
If you’re considering starting a business in UAE , RAKICC offers a simple, cost-effective, and globally recognized solution. A&A Associate can support you throughout the process with expert guidance, having extensive experience in both onshore and offshore company setups. Our team ensures a smooth, compliant, and hassle-free formation tailored to your business goals.
To start your business journey with A&A Associate business setup consultant, call us at +971 50 483 6190 or email us at info@aaconsultancy.ae.
