RAKICC – The International Company

RAKICC, also known as Ras al Khaimah International Corporate Centre, is an offshore corporate registry based in Ras al Khaimah. It is a popular choice for international businessmen who are looking to establish a business presence in the UAE. In this article, we will explore RAKICC and why it is so attractive for international businessmen.

Overview of RAKICC

RAKICC was established in 2016 as part of the Ras al Khaimah government’s efforts to diversify its economy and attract more foreign investment. RAKICC provides a range of services and facilities to international businessmen who are looking to establish an offshore company in the UAE.

Some of the services provided by RAKICC include company formation, company administration, and banking services. The centre also offers a range of incentives and benefits to businesses looking to set up in the region, including a tax-free environment, 100% foreign ownership, and 100% repatriation of profits.

Advantages of RAKICC

There are several advantages to establishing an offshore company in RAKICC. Some of the key advantages include:

1. Tax Benefits

One of the biggest advantages of RAKICC is the tax benefits. Offshore companies established in RAKICC are not subject to UAE corporate tax, personal income tax, or withholding tax. This can be a major advantage for international businessmen who are looking to maximize their profits and reduce their overall tax burden.

2. 100% Foreign Ownership

Another advantage of RAKICC is the ability for foreign investors to own 100% of their company. This means that international businessmen can retain complete control over their business operations and do not have to partner with a local sponsor.

3. Asset Protection

RAKICC also provides asset protection to businesses. This means that businesses established in RAKICC are protected from lawsuits and creditors in other jurisdictions.

4. Banking Services

RAKICC also provides a range of banking services to businesses. The centre has partnerships with several international banks, which allows businesses to easily open and maintain a bank account in the UAE.

5. Confidentiality

RAKICC also provides a high level of confidentiality to businesses. The centre does not disclose information about its clients to any third party, unless required by law.

Requirements for RAKICC

To establish an offshore company in RAKICC, businesses must meet several requirements. These requirements include:

Share Capital

Businesses must have a minimum share capital of AED 10,000 (approximately USD 2,725) to establish an offshore company in RAKICC.

Directors and Shareholders

Businesses must have at least one director and one shareholder to establish an offshore company in RAKICC. The director and shareholder can be the same person.

Registered Agent

Businesses must appoint a registered agent to establish an offshore company in RAKICC. The registered agent can be a company or an individual.

Business Activity

Businesses must have a valid business activity to establish an offshore company in RAKICC. The business activity can be any legal activity, except for banking and insurance.

5. Confidentiality

RAKICC also provides a high level of confidentiality to businesses. The centre does not disclose information about its clients to any third party, unless required by law.

In conclusion, RAKICC is an attractive option for international businessmen who are looking to establish an offshore company in the UAE. With its tax benefits, 100% foreign ownership, asset protection, banking services, and confidentiality, RAKICC provides a favorable business environment for businesses looking to grow and expand in the region.

Whether you are looking to establish an offshore company for tax purposes, asset protection, or to expand your business operations in the UAE, RAKICC is a destination worth considering. With the right guidance and support, businesses can take advantage of all that RAKICC has to offer and successfully establish an offshore company in one of the UAE’s most dynamic and attractive business destinations.

In addition, RAKICC also provides a range of value-added services to businesses, including company secretarial services, virtual office services, and document attestation services. These services can help businesses save time and money and allow them to focus on their core operations. Overall, RAKICC is a valuable tool for international businessmen who are looking to establish a business presence in the UAE. With its favorable business environment, tax benefits, and range of value-added services, RAKICC can help businesses grow and expand successfully in the region.