Ras Al Khaimah International Corporate Centre

A Ras Al Khaimah International Corporate Centre (RAK ICC) license costs AED 8,000 all-in for the zero-visa package in 2026 — that includes government license fee, Establishment Card, and Formenzo's all-inclusive service fee. Add one investor visa (entry permit, medical, Emirates ID, stamping) and the total becomes AED 8,000.

RAK ICC issues the trade license in 3 business days after initial approval (1 day). A residency visa adds approximately -3 more days. Opening a UAE corporate bank account adds 30 days on top. Total from signup to funded UAE IBAN: about 30 days.

RAK ICC default package includes 0 visas, and the maximum allowed per license is 0. Each additional investor or employment visa costs approximately AED 0 including entry permit, medical, Emirates ID, and stamping.

RAK ICC companies primarily bank with WIO, Mashreq NeoBiz, RAKBANK, and Emirates NBD. Formenzo coordinates the KYC process and typical time from license issuance to funded account is 27 days. Bank approval rates vary by nationality; we pre-match you to the right bank before filing.

RAK ICC permits approximately 50 business activities. It is best suited for premium, family office. Activities not allowed include restaurant, retail physical, construction — these require a UAE Mainland license.

Yes — RAK ICC formation is fully remote through Formenzo. We handle document collection, trade name reservation, MOA drafting, and submission without a UAE visit. You only come to the UAE for one day to complete the medical fitness test and Emirates ID biometrics — and only if you want a residency visa. The trade license itself can be issued with zero travel.

Yes. RAK ICC is a recognized UAE Free Zone, so companies qualifying as a Qualifying Free Zone Person (QFZP) can maintain a 0% Corporate Tax rate on qualifying income. Non-qualifying income is taxed at the standard 9% above AED 375,000. RAK ICC companies must register with the Federal Tax Authority within 3 months of incorporation — Formenzo handles this filing.

Cheapest UAE offshore — holding companies, asset protection. No physical UAE office required. Incorporation from AED 8,000 all-in (Year 1). Banking score: 5/10. Setup speed: 3 days. Starting cost: AED 8,000. Take Formenzo's 60-second assessment to compare RAK ICC against 47 other UAE Free Zones based on your nationality, budget, and business activity.