RAK ICC company setup cost (2026)
Headline: Quote required for an exact figure.
Year-one budget: Quote required.
There is no reliable public price list for this zone, so we do not publish a number. Request a written quote and we will get one for your exact activity.
Not included: professional-service fees, residence visas beyond the package, office upgrades, bank minimum balances, and external approvals for regulated activities.
Benefits of the RAK ICC licence
- Offshore and holding company structures
- Low set-up and running costs relative to onshore licences
- Suited to asset holding, IP and international trading
- Fast incorporation, often without a UAE visit
- 100% foreign ownership and confidentiality-friendly structure
Who is RAK ICC best for?
- Holding and asset-protection structures
- International traders that do not need UAE residence
- Investors and family offices
Typical permitted activities
- Holding company
- International trading
- Investment and asset holding
- IP holding
Always check your exact activity against the zone’s permitted list. Regulated activities need separate approvals.
What to watch out for
- Offshore companies cannot generally operate onshore in the UAE or provide residence visas
- Banking is harder and more documentation-heavy than for onshore entities
How to set up a company in RAK ICC
- Choose the zone and activityMatch your business activity to the zone’s permitted list and your budget. Check whether you need physical space or a specific licence type.
- Reserve the trade nameSubmit two or three name options; zones typically approve within one to three working days.
- Submit documents and applicationPassport copies, photos, proof of address and shareholder details. Corporate shareholders provide attested documents.
- Pay fees and sign the incorporation documentsFees are paid to the free zone authority; sign the Memorandum/Articles digitally or in person.
- Receive your licence and certificatesYou receive the trade licence, certificate of incorporation and a desk or lease agreement.
- Establishment card, visas and Emirates IDGet the immigration card, then entry permit, medical test, biometrics and Emirates ID for each visa holder.
- Open the bank account and register for taxApply for a corporate bank account, and register for corporate tax and, if required, VAT.
RAK ICC compared with similar UAE free zones
| RAK ICC | RAKEZ | JAFZA | Ajman Free Zone | |
|---|---|---|---|---|
| Emirate | Ras Al Khaimah | Ras Al Khaimah | Dubai | Ajman |
| Best for | Offshore & holding companies | Multi-sector, industrial & SME | Logistics, trading & industrial | Multi-sector, trading & industrial |
| Licence cost | Quote required — offshore company packages vary by structure | From about AED 6,010 (zero-visa) · about AED 12,010 with one visa | Trading licence from about AED 5,000/yr (one activity group) · office, warehouse and visas extra | From AED 5,565 (zero-visa) · AED 13,141 with one visa |
| Setup time | A few working days | 2–5 working days | 1–3 weeks | About one week |
| Banking ease | Moderate | Moderate | Good | Moderate |
| Fee data | Quote required | Published | Indicative band | Published |
FAQs: RAK ICC Offshore company formation
Can an offshore company get a UAE residence visa?
No — offshore entities do not sponsor UAE residence visas. If you need residency or a UAE office, choose a free zone or mainland licence.
How much does it cost to set up a company in RAK ICC Offshore?
There is no reliable public price list for RAK ICC, so the cost depends on your activity, office type and visas. Request a written quote — ZoneWise can get one for you. Year-one totals: Quote required. Residence visas, office upgrades, professional-service fees, bank minimums and renewals are extra.
How long does RAK ICC company setup take?
Typically A few working days once documents are complete. Residence visa stamping (medical test, Emirates ID) adds further working days and requires you to be in the UAE.
Can foreigners own 100% of a company in RAK ICC?
Yes. UAE free zones allow up to 100% foreign ownership and full repatriation of profits and capital. You do not need a UAE national partner or local sponsor.
Can companies licensed in RAK ICC trade in the UAE mainland?
Not freely. A free zone company generally cannot sell directly to mainland customers without a distributor, a dual-licence arrangement where the zone offers one, or a separate mainland licence or branch. If most of your customers are in the UAE, compare with a mainland licence.
Do I need a physical office in RAK ICC?
Many packages include a flexi-desk or smart desk. Larger visa quotas, industrial activity, warehousing, or regulated activities usually need a dedicated office or unit — confirm for your activity and visa count.
Are RAK ICC companies eligible for 0% corporate tax?
The UAE applies 9% corporate tax above AED 375,000 of taxable income. A Qualifying Free Zone Person can access 0% on qualifying income, but only if strict conditions are met, and it is not automatic. Only some zones are also VAT Designated Zones. Get tax advice for your structure.
Can I open a corporate bank account for my company in RAK ICC?
UAE banks assess each application on the shareholders, business model and documents — not only on the zone. Our banking-ease view for RAK ICC is “Moderate”. No zone or consultant can guarantee an account.
What documents are required to set up in RAK ICC?
Typically: colour passport copies of shareholders and directors, passport photos, proof of address, a completed application, and a business plan for some activities and zones. Corporate shareholders need attested incorporation documents. Regulated activities need approvals from the relevant authority.
Who is RAK ICC best for?
Holding and asset-protection structures; International traders that do not need UAE residence; Investors and family offices.
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