RAK ICC Ras Al Khaimah International Corporate Centre Offshore 2026
RAK ICC (Ras Al Khaimah International Corporate Centre) is one of the UAE’s two main offshore company formation jurisdictions, alongside JAFRA (Jebel Ali Offshore). RAK ICC offers a low-cost, tax-efficient offshore holding company structure with no UAE corporate tax, no annual audit requirement for holding-only companies, and full foreign ownership.
What Is RAK ICC?
RAK ICC is an offshore jurisdiction — not a free zone. Offshore companies cannot obtain UAE residence visas, open UAE bank accounts easily, or operate onshore in the UAE. However, they are excellent for: international holding structures, IP holding, asset protection, inheritance planning, and owning overseas real estate or businesses.
RAK ICC vs JAFRA Offshore
- RAK ICC: cheaper (AED 9,000–15,000/year), more flexible corporate structures, allows bearer shares in certain cases
- JAFRA (Jebel Ali): more prestigious brand, Dubai address, slightly higher cost
- Both: no UAE CT, no audit required for pure holding, no UAE visa
RAK ICC Cost 2026
- Incorporation fee: AED 7,500–10,000 (via registered agent)
- Annual renewal: AED 6,000–9,000
- Registered agent (mandatory): AED 2,000–4,000 per year
- Total year 1: AED 15,000–23,000 including agent
Can RAK ICC Companies Open Bank Accounts?
RAK ICC offshore companies can open bank accounts in UAE banks but face stricter due diligence requirements than free zone companies. Most UAE banks prefer to bank entities with a physical UAE presence. For offshore companies, banks in Georgia, Mauritius, Seychelles, and Singapore are commonly used.
RAK ICC Use Cases 2026
Best use cases: international holding company for overseas assets, holding UAE real estate (free zone property), IP holding for royalty streams, family wealth structuring, and as an intermediate holding entity in international tax planning structures. RAK ICC is NOT suitable for operating businesses in the UAE or businesses needing UAE visas.
Pricing Evidence & Source Notes
Use this profile as a planning guide, not a final invoice. Confirm the current package, activity wording, visas, office or flexi-desk requirement and renewal amount before payment.
| Free Zone | Package | Year 1 Cost | Renewal Cost | 3-Year Total | Visa Option | Office / Flexi Requirement | Year 1 Confidence | Source Type | Conflict Status | Last Reviewed |
|---|---|---|---|---|---|---|---|---|---|---|
| RAK ICC Ras Al Khaimah International Corporate Centre Offshore 2026 | Current authority package | Quote-based - confirm current package Confidence: Needs confirmation |
Quote-based renewal - confirm current package Confidence: Needs confirmation |
Quote-based 3-year total - depends on renewal Confidence: Needs confirmation |
Depends on package and office allocation | Authority quote required | Authority quote required | Current package / renewal confirmation required | June 2026 |
| What is included | Confirmed only after authority or partner quote. |
|---|---|
| What is not included | Visas, insurance, medical, Emirates ID, office upgrades, amendments and cancellation unless quoted. |
| Hidden-cost risk | Confirm establishment card, visas, office/flexi desk, insurance, renewal and cancellation before payment. |
| Banking difficulty | Medium - depends on activity and documents |
| Best fit | Founders comparing this free zone against activity, visa, office, banking and renewal requirements. |
Source evidence: Review source | Methodology | Corrections.
Prices can change based on free zone authority updates, activity selection, visa count, office or flexi-desk requirement, shareholder structure, establishment card, immigration file, medical test, Emirates ID, insurance, banking support and consultant service fees. Last reviewed June 2026. Always request a current quote before payment. View methodology or compare all rows in the UAE Free Zone Cost Index.