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UAE Offshore — RAK ICC

RAK ICC: Ras Al Khaimah
International Corporate Centre

UAE Offshore Incorporation — International Holding, Asset Protection and IP Structures Under RAK ICC Company Regulations 2017.

Jurisdiction at a Glance
RegulatorRAK ICC
Governing LawCompany Regulations 2017
Physical Office Not required
Share CapitalNone — set by shareholders
Public RegisterNone
Annual Government FeeFrom approx. USD 1,000
Corporate TaxUAE CT applies · QFZP analysis
Setup Speed5 to 10 business days
DET-AUTHORISED CORPORATE SERVICE PROVIDER & FTA-REGISTERED TAX AGENT
IncHub Trade Licence

IncHub Corporate Services Providers LLC is a duly licensed business operating in the United Arab Emirates, authorised to provide corporate and business setup consultancy services in accordance with its trade licence. The trade licence serves as official proof of the company’s legal registration and authorised business activities, demonstrating that IncHub operates as a licensed corporate service provider in the UAE.

Licence No.
1017774
Issue Date
28/12/2021
Valid Through
27/12/2026
RAK ICC Offshore Company Formation: Complete Guide

What Is RAK ICC?

In short: RAK ICC (Ras Al Khaimah International Corporate Centre) is a leading UAE offshore jurisdiction for holding companies, asset protection and IP structures. Established under the RAK ICC Company Regulations 2017, it offers no public shareholder or director register, no mandatory office or minimum share capital, and can hold UAE real estate in designated freehold areas. As a UAE entity, RAK ICC companies are subject to UAE corporate tax and FTA registration. Annual government fees start at around USD 1,000, making it one of the UAE’s most cost-effective offshore options.

RAK ICC is the offshore incorporation authority of the Emirate of Ras Al Khaimah, operating under the RAK ICC Company Regulations 2017. It was established to replace and modernise the former RAK Offshore jurisdiction, introducing updated corporate governance requirements, stronger beneficial ownership transparency and alignment with international standards including FATF and OECD frameworks. RAK ICC offshore company formation results in a UAE-incorporated legal entity — not a foreign company registered through a UAE agent — which means UAE corporate tax law applies fully.

As a UAE juridical person, every entity created through RAK ICC offshore company formation must register with the Federal Tax Authority. RAK ICC is administered through licensed registered agents; the registered agent’s address serves as the company’s registered office. There is no requirement for a physical UAE office.

Why RAK ICC

Cost-Efficient UAE Holding Structure

Cost

From Approximately USD 1,000 a Year

Annual government fee from approximately USD 1,000, varying by share capital, with no mandatory physical office.

Privacy

No Public Register

No public register of shareholders or directors; the registered agent’s address serves as the registered office.

Structures

IBC, RPC, PCC and SPC

Entity types under the RAK ICC Company Regulations 2017 include ring-fenced cell and segregated portfolio structures.

Jurisdiction Facts

RAK ICC at a Glance

The core regulatory, structural and operating parameters for a company incorporated under the RAK ICC Company Regulations 2017.

Regulator, Law & Structure
Regulator RAK ICC — Ras Al Khaimah International Corporate Centre
Governing Law RAK ICC Company Regulations 2017
Established 2017 (building on the former RAK Offshore jurisdiction)
Entity Types International Business Company (IBC), Restricted Purpose Company, Protected Cell Company, Segregated Portfolio Company
Minimum Shareholders 1 (individual or corporate)
Minimum Directors 1 (individual only; corporate directors not permitted in standard IBC)
Minimum Share Capital None — shareholders determine capital structure
Public Register No public register of shareholders or directors
Operations, Tax & Fees
Physical Office Not required; registered agent address is the company’s registered office
Visa Sponsorship Not available from a RAK ICC entity in standard structure
UAE Real Estate Permitted in designated freehold areas; confirm permitted areas with IncHub
UAE Bank Account Permitted; subject to bank KYC and enhanced due diligence
UAE Corporate Tax UAE CT applies — FTA registration mandatory; QFZP analysis required
Annual Government Fee From approximately USD 1,000 (varies by share capital)
Annual Renewal Mandatory; strike-off risk if not renewed within grace period
Setup Speed 5 to 10 business days typical
Ideal Profiles

Who Uses RAK ICC Offshore Company Formation?

RAK ICC offshore is suited to international entrepreneurs, family groups and corporate structures that need a UAE-based holding or asset protection vehicle without the cost of an operational free zone or mainland company. Typical profiles include founders holding shares in operating UAE companies through a parent holding structure, family offices consolidating international assets under a UAE vehicle, groups separating their UAE real estate holdings into a dedicated holding company, and international businesses structuring a UAE presence for banking, contract signing or asset holding purposes. For many of these groups, RAK ICC offshore business setup is the natural entry point before any operating activity begins.

International holding company

Holding shares in UAE free zone entities, mainland LLCs or international subsidiaries.

UAE real estate holding

Holding freehold UAE property in the company’s name rather than personally.

IP holding

Centralising trademarks, patents and copyrights in a UAE entity separate from the operating company.

Asset protection

Separating personal wealth from business liability under a UAE legal structure.

Joint venture special purpose vehicle

A neutral holding entity co-owned by two parties for a specific project.

Estate and succession planning

Holding family assets in a structured vehicle for generational transfer.

Intercompany loan vehicle

Structuring group financing through a dedicated UAE entity.

Pre-investment structure

Establishing a clean UAE entity to receive investment before an operating entity is incorporated.

Commercial Profile

What RAK ICC Is Known For: Use Cases and Commercial Profile

RAK ICC holds the largest volume of offshore company registrations of any UAE offshore jurisdiction. Its 2017 framework introduced company types that do not exist in most other offshore jurisdictions — including the Protected Cell Company (PCC) and Segregated Portfolio Company (SPC), which create legally ring-fenced cells or portfolios within a single entity. The standard IBC is the most widely used structure, applied across international holding, IP holding, real estate holding and group structure consolidation.

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The Core Commercial Problem It Solves

The core commercial problem RAK ICC offshore company formation solves is cost-effective UAE-based holding. An entrepreneur or family group that wants a UAE legal entity for holding purposes — without paying the cost of an ADGM company (minimum USD 19,000 for a business centre desk) or a JAFZA Offshore entity — can achieve full UAE holding capability for an annual government fee starting at USD 1,000 with no physical office requirement, making the RAK ICC offshore cost one of the lowest in the region.

Who Actually Incorporates Here

The registrant base for RAK ICC offshore company formation spans international entrepreneurs, family groups, high-net-worth individuals structuring UAE real estate holdings, SME founders using a RAK ICC holding company above their UAE operating entity, and investment groups using Protected Cell Companies for ring-fenced investment portfolios.

UAE Corporate Tax Status

RAK ICC companies are UAE-incorporated entities subject to Federal Decree-Law No. 47 of 2022 on Corporate Tax. FTA registration is mandatory regardless of income level. Whether the company qualifies as a Qualifying Free Zone Person (0% on qualifying income) depends on its activities and structure — analysis is required against Article 18 of the CT Law and Ministerial Decision No. 229 of 2025. Substance requirements under the CT Law apply for QFZP purposes. ESR was abolished for FY2023 onwards under Cabinet Decision No. 98 of 2024.

Structures Available

Entity Types and Structures

Four entity types are available under the RAK ICC Company Regulations 2017 — from the standard holding company to ring-fenced cell and segregated portfolio structures. IncHub advises on which fits your ownership, governance and segregation requirements.

Standard Entity

International Business Company (IBC) — Most Common

The standard entity used in RAK ICC offshore company formation for holding, asset protection and international business purposes. Simple governance requirements, one shareholder and one director minimum.

Minimum one shareholder (individual or corporate)
Minimum one director (individual; corporate directors not permitted)
No minimum share capital
No mandatory physical office
No public register of shareholders or directors
Annual renewal and registered agent required
Defined Purpose

Restricted Purpose Company (RPC) — Special Purpose

A RAK ICC company incorporated for a specific, defined purpose stated in the articles. Used for ring-fenced project vehicles, securitisation structures and specific transaction SPVs.

Activities limited to the defined purpose in the articles
Provides creditors and counterparties with certainty on company scope
Used in structured finance and project-specific applications
Ring-Fenced Cells

Protected Cell Company (PCC) — Advanced

A single legal entity that can be divided into legally ring-fenced cells. Each cell’s assets and liabilities are segregated from other cells and from the company’s general assets. Used for multi-portfolio investment structures.

One company with multiple legally ring-fenced cells
Assets of one cell are protected from claims against another cell
Each cell can have separate shareholders and investment strategies
Used in fund structures, insurance captives and multi-portfolio holding
Full Segregation

Segregated Portfolio Company (SPC) — Advanced

Similar to a PCC but with stricter segregation provisions. Each portfolio is a separate unit with its own assets, liabilities and shareholders.

Complete legal segregation between portfolios
Each portfolio can be separately transferred or wound up
Used in complex fund and investment structures requiring highest level of asset segregation
Scope of Activity

What RAK ICC Can and Cannot Do

A RAK ICC company is a holding and international business vehicle — wide powers over shares, property, IP and contracts, with defined limits on UAE mainland trading, residency visas and consumer-facing operations.

Permitted
Hold shares in other companies (UAE and international)
Hold UAE real estate in designated freehold areas
Hold international assets
Open UAE and international bank accounts
Sign contracts with non-UAE counterparties
Hold IP, patents and trademarks
Act as a holding company or joint venture vehicle
Not Permitted

UAE mainland trading

An entity from RAK ICC offshore company formation cannot carry out commercial trading activity directly in the UAE mainland or provide services to UAE-based customers as the primary contracting entity.

Not Permitted

Visa sponsorship

RAK ICC companies cannot sponsor UAE residency visas; clients needing UAE residency must use a free zone or mainland entity.

Not Permitted

Direct retail or consumer operations

A RAK ICC entity cannot operate a physical UAE retail, restaurant, clinic or consumer-facing premises.

Setup Costs

RAK ICC Offshore Company Formation Cost

The following figures are indicative. Exact figures for RAK ICC offshore company formation cost depend on share capital, registered agent chosen and any additional services required. Contact IncHub for a precise quote.

Cost Item Indicative Range
RAK ICC Government Registration Fee (standard IBC) From USD 1,000 (varies by authorised share capital)
Registered Agent Fee (annual) Confirm with IncHub — included in IncHub engagement fee
Registered Office Address (annual) Included in registered agent fee
Certificate of Incorporation (notarised set) Additional; confirm with IncHub
Company Apostille (where required) Additional; varies by document
Corporate Bank Account Opening No government fee; enhanced KYC due diligence applies
Annual Renewal Government Fee Same as initial registration fee (varies by share capital)
RAK ICC is the most cost-competitive UAE offshore jurisdiction after Ajman, and the RAK ICC offshore cost structure reflects that. The annual government fee starting at USD 1,000 and the absence of a mandatory physical office keep the RAK ICC offshore company formation cost low relative to ADGM or JAFZA, making it the natural starting point for UAE offshore holding structures where ADGM’s English common law or JAFZA’s UAE real estate and visa features are not required.

Precise RAK ICC Quote

Not sure what your structure will cost? Get an exact, itemised quote covering government fees, registered agent charges, notarisation and apostille — no surprises, no hidden add-ons.

Prefer to talk it through first? Book a free consultation call.

Formation Guide

RAK ICC Offshore Business Setup Process

From registered agent appointment to a fully incorporated RAK ICC company with an FTA tax registration and a bank account — IncHub manages every stage.

1
1 Business Day
Registered Agent Appointment
Appoint IncHub as your UAE registered agent, as all RAK ICC companies require a licensed agent for incorporation and ongoing maintenance.
2
1 – 2 Business Days
Name Reservation
Submit three preferred trade names; RAK ICC checks availability and compliance, with restricted terms requiring additional approval.
3
2 – 3 Business Days
Document Preparation
IncHub prepares the Memorandum, Articles and registers; shareholders and directors submit passports, address proof, CVs and source of wealth documents.
4
3 – 5 Business Days
Incorporation Application
IncHub submits the application to RAK ICC with all required documents and government fees; RAK ICC processes and issues the Certificate of Incorporation.
5
1 – 2 Business Days
Document Package
RAK ICC issues the Certificate of Incorporation, Memorandum, Articles, share certificates and registers; apostillation can be arranged if required.
6
5 – 20 Business Days
FTA Corporate Tax Registration
IncHub registers the entity with the Federal Tax Authority for UAE corporate tax purposes; this is mandatory for all UAE-incorporated entities regardless of income level.
7
4 – 8 Weeks
RAK ICC Offshore Bank Account Opening
IncHub introduces the entity to UAE banks with bank-specific KYC documents; offshore accounts require a clear commercial rationale and documented UBO chain.

Durations are indicative and several stages overlap — standard RAK ICC IBC incorporation without complex shareholder structures typically completes within 5 to 10 business days from submission of complete documents.

Key Benefits

Why Businesses Choose RAK ICC

Most Cost-Competitive UAE Offshore Jurisdiction After Ajman

Annual government fees starting from USD 1,000 with no mandatory physical office keep the overall RAK ICC offshore cost low, making it the standard choice when cost efficiency and holding functionality are the primary criteria.

No Public Register of Shareholders or Directors

Beneficial ownership information is held by RAK ICC and the registered agent but is not publicly accessible. Enhanced privacy compared to mainland or free zone entities where records are more accessible.

UAE Real Estate Holding Capability

RAK ICC companies can hold UAE real estate in designated freehold areas. This separates real estate assets from personal ownership and from operating business liability. Confirm permitted freehold areas with IncHub before purchase.

RAK ICC Offshore Bank Account Opening Eligibility

RAK ICC companies can open UAE corporate bank accounts. The RAK ICC offshore bank account opening process requires enhanced due diligence — documented commercial rationale, full UBO chain and source of funds. IncHub prepares documentation before any bank introduction.

Advanced Corporate Structures

The Protected Cell Company and Segregated Portfolio Company structures available under RAK ICC Company Regulations 2017 are not available in most other UAE offshore or free zone jurisdictions. For fund structures, multi-portfolio investment vehicles and ring-fenced asset management, these structures provide legal segregation unavailable elsewhere in the UAE offshore market.

No Mandatory Share Capital

There is no minimum authorised or paid-up share capital requirement for a standard RAK ICC IBC. The shareholders determine the capital structure. This removes the capital lock-up requirement that exists in some onshore and free zone structures.

Consider Alternatives

When RAK ICC May Not Be the Right Fit

English common law legal framework required

For clients who need English common law courts for dispute resolution, ADGM is the correct choice. RAK ICC does not operate under English common law. If the holding structure involves counterparties who require ADGM or DIFC court jurisdiction in contracts, RAK ICC is not suitable.

UAE residency requirement

If the client needs UAE residency visas as part of the structure, RAK ICC cannot provide them. A free zone entity (FZE or FZ-LLC) or JAFZA Offshore provides visa pathways; a RAK ICC entity does not.

FSRA-regulated financial services

Asset management, fund management, brokerage and other regulated financial activities require an ADGM FSRA licence. RAK ICC provides no regulatory framework for financial services.

High-profile institutional counterparties

Some banks and institutional counterparties based in DIFC, ADGM or internationally apply additional scrutiny to RAK ICC entities compared to ADGM or DIFC structures. For structures where institutional acceptance of the offshore entity is critical, ADGM provides a more immediately credible framework.

As a dual-entity group, IncHub advises when RAK ICC is right, when another offshore or free zone jurisdiction fits, and when a combination is best.

Compare Jurisdictions

RAK ICC vs ADGM vs JAFZA Offshore

All three are UAE-incorporated holding options — the right choice depends on whether you need English common law, a residency visa pathway, or the lowest running cost.

Feature RAK ICC ADGM JAFZA Offshore
Indicative Annual Cost From USD 1,000 HighestMinimum USD 19,000 for a business centre desk Mid
Physical Office Not required Mandatory Optional, available within JAFZA
UAE Residency Visas Not available Available Visa pathway
English Common Law Courts Not available ADGM Courts Not available
Regulated Financial Services No regulatory framework FSRA licensing Not available
UAE Real Estate Holding Designated freehold areas Al Maryah and Al Reem Island Designated freehold areas
Cell / Portfolio Structures PCC and SPC available SPV and Foundation Single entity type
Best For Cost-effective UAE holding, IP and asset protection Common law structures and regulated financial activity Holding plus UAE presence and visa access

* Indicative comparison only. Fees and requirements vary with entity type, share capital, registered agent and services required — confirm current figures with each authority before deciding.

Compliance

Compliance and Ongoing Obligations

RAK ICC companies carry the following annual compliance obligations.

Annual renewal with RAK ICC is mandatory before the anniversary date; failure to renew triggers late penalties and then strike-off
The registered agent must be maintained at all times
The Register of Members and Register of Directors must be kept current; changes must be notified to RAK ICC within the required window
UBO information must be maintained under Cabinet Decision No. 58 of 2020
FTA corporate tax registration is mandatory; if the company meets QFZP conditions, a 0% rate may apply on qualifying income; if not, 9% applies on taxable income above AED 375,000
Audited financial statements are required if the company claims QFZP status (Ministerial Decision No. 84 of 2025)
ESR was abolished for FY2023 onwards (Cabinet Decision No. 98 of 2024)
UAE AML/CFT obligations under Federal Decree-Law No. 10 of 2025 apply to any DNFBP activities
Bank accounts must maintain current KYC documentation
Full details are in IncHub’s UAE Offshore Company Compliance Guide at www.inchub.ae.

Offshore Compliance Guide

Full details are in IncHub’s UAE Offshore Company Compliance Guide at www.inchub.ae. Renewals, registered agent duties, UBO, corporate tax and AML/CFT in one place.

Want IncHub to manage compliance for your RAK ICC company? Book a free review call.

Work With IncHub

How IncHub Can Help With RAK ICC Offshore Company Formation

IncHub provides end-to-end RAK ICC offshore company formation and ongoing corporate secretarial services as a licensed registered agent. As an FTA-registered tax agent, IncHub also handles CT registration and ongoing tax compliance for RAK ICC holding structures. IncHub advises on the full offshore structure — RAK ICC entity, UAE bank account, underlying operating entities and cross-border tax considerations — from a single advisory relationship.

Our End-to-End Services
Name reservation and incorporation application to RAK ICC
Memorandum and Articles of Association preparation
Register of Members, Register of Directors and share certificate preparation
Document apostillation where required by counterparties or banks
FTA corporate tax registration (mandatory for all UAE-incorporated entities)
QFZP analysis against Ministerial Decision No. 229 of 2025
Annual renewal management and corporate secretarial maintenance
UBO register maintenance under Cabinet Decision No. 58 of 2020
RAK ICC offshore bank account opening introduction with pre-prepared KYC documentation
Corporate tax and VAT filing where applicable
Structural advisory — holding company architecture, UAE real estate holding, IP holding
Contact IncHub at www.inchub.ae | Al Fajer Business Centre, Al Garhoud, Dubai, UAE
Client Testimonials

What Our Clients Say

See how IncHub helped entrepreneurs, family groups and established businesses with RAK ICC offshore company formation, licensing, structuring and business setup in the UAE.

Video Stories
Google Reviews 1 / 20
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L S R Holiday Homes L.L.C
3 weeks ago

Visa renewal can often feel complicated due to the multiple steps involved. However, my experience with IncHub was very smooth. They planned the process in advance, guided me at every stage, and ensured everything was completed on time. What I liked most was that I didn’t have to follow up everything was managed efficiently by their team.

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DigitalX Tech – FZCO
1 month ago

Setting up my free zone company was not straightforward, especially when it came to choosing the right jurisdiction for my business model. Making the wrong decision could have resulted in unnecessary time and cost. IncHub provided clear and practical guidance, helping me select the most suitable free zone based on my activities.

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Cosmium IT – FZCO
2 months ago

Setting up a company in Dubai can get confusing, especially with so many free zones. I wasn’t sure what would suit my business, but IncHub made it simple. They guided me clearly, handled everything, and kept me updated throughout. The whole process felt very smooth. Definitely recommend speaking to them before you get started.

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BLUEDCM FZE
1 month ago

Setting up my free zone company through IncHub was seamless from start to finish. Their team handled everything — trade licence, immigration card, and office registration — within the promised timeline. No surprises on costs. If you’re serious about establishing in the UAE, IncHub is who you call first.

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ABI Quality Goods Wholesalers Co. L.L.C
2 weeks ago

Most consultants only react when you approach them, but Inchub is different. They track your renewal timelines and remind you in advance. The execution was smooth, and everything was done exactly when it should be. If you want it done right the first time, Inchub is the way to go.

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Optimity L.L.C
1 month ago

I had a very positive experience with Inchub for my license renewal. What stood out the most was their follow-up system — I was reminded well before the expiry date, which gave enough time to plan everything properly. The team handled the entire process efficiently, and the renewal was completed without delays.

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Univex L.L.C-FZ
3 months ago

Inchub handled the entire business setup process smoothly — everything was clearly explained, and the execution was efficient from start to finish. They have also assisted and guided us when there were AML compliance notifications from the authority. Overall, a reliable partner for end-to-end corporate services.

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Ecom Vacation Homes Rental L.L.C
1 month ago

We had a bit of a challenge when it came to opening the labor file and processing new visas. There were a few complications along the way. That’s where Inchub really stepped in. Their team handled the entire process clearly and kept us updated throughout without us having to follow up constantly. Very reliable team.

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CMAR Management FZE
3 months ago

Our experience with Inchub has genuinely exceeded expectations. From the very beginning, the team has been extremely professional, approachable, and proactive. They’ve supported us across multiple areas — including corporate services, corporate tax filing, and visa renewals — all managed in a structured manner.

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Toyo Mea L.L.C-FZ
2 months ago

We worked with Inchub on a share amendment, which was quite complex. Their team guided us through each step, managed the process efficiently, and ensured everything was handled correctly despite the challenges. They also handle our accounting and VAT filing smoothly. A reliable and professional team.

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Nicube International FZCO
4 months ago

We’ve been working with Inchub across multiple areas. They initially helped us with setting up both our offshore and free zone company, guiding us clearly. Since then, they’ve assisted us with annual renewals on time, and they manage our accounting and VAT filings efficiently. A highly dependable partner.

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Well Mate L.L.C-FZ
5 months ago

I’ve been working with Inchub for several years, and the experience has been consistently positive. Their services are reliable and efficient. They’ve supported me across multiple areas — from managing trade license renewals to assisting with business bank account opening. Having everything under one team saved a lot of effort.

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Telora Global L.L.C – FZ
2 months ago

Managing compliance alongside running a business can get overwhelming. Inchub takes care of our accounting, VAT, CT filings, and license renewal, which has saved us a lot of time and effort. Everything is handled efficiently and professionally. IncHub operates across every discipline and maintains high quality.

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Gaia Resources DMCC
2 months ago

We’ve been working with Inchub for our ongoing compliance and business support. They handle everything from maintaining our company’s good standing to managing renewals on time, along with accounting and VAT filings. A very smooth experience, and they are definitely a reliable partner.

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Nextgen Brokers FZE
3 months ago

We have engaged Inchub for ongoing compliance support. They handle our company’s good standing, ensure renewals are completed on time, and manage accounting and VAT filings efficiently. The team is proactive, well-organized, and keeps everything on track without the need for constant follow-ups.

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Mw Holding Group Ltd
4 months ago

We worked with Inchub for setting up our offshore holding company. They facilitated the entire process smoothly, including the company formation and opening the corporate bank account. They also manage our accounting and bookkeeping. It’s helpful to have one team handling both setup and ongoing requirements.

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Jannali Foundation
3 months ago

We engaged Inchub for setting up our RAK ICC foundation. They supported us throughout the entire formation process, including documentation, and guided us at every step. They also assisted with opening the bank account, which was handled smoothly. The team was very organized and efficient.

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Drops By Nada Portal
1 month ago

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Peopex LLC
5 months ago

Setting up a company in the UAE can feel complex. With Inchub, the entire process was handled seamlessly. They took care of everything — from the trade license and immigration card to visa application and even opening the company bank account. The team managed the entire process efficiently.

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Aube International Commercial Brokers
4 weeks ago

We’ve been working with Inchub since day one for license renewals, accounting and bookkeeping, and visa processing. The experience has been very smooth. One thing that stands out is how responsive their team is. Whenever we need support, they’re quick to respond and guide us clearly.

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Common Questions

Frequently Asked Questions

Work with IncHub

Set Up Your RAK ICC Company with IncHub

IncHub manages the full RAK ICC process end-to-end — registered agent appointment, name reservation, document preparation, incorporation with RAK ICC, the apostilled document package, FTA corporate tax registration, bank account introduction and the ongoing compliance calendar. One partner, from application to fully operational.

Al Fajer Business Centre, Al Garhoud, Dubai, UAE  |  www.inchub.ae