RAKICC International Business Company
RAK International Corporate Centre (RAKICC) is the sole entity in Ras Al Khaimah for the incorporation of Offshore companies or International Business Companies. It will help international business owners to effectively conduct global trade. RAKICC has well-governed policies and regulations ensuring compliance for the International Business Company.
AURION Business Consultants is the registered agent for providing complete assistance for the International Business Company in RAKICC. We can incorporate your company within 1-2 working days after complete submission of the required documents and fees.
The following are the required documents for company formation in RAKICC:
Features of RAKICC Offshore Company
Change Registered Agent of a RAKICC
There is a provision for changing the offshore agent for a RAKICC Company in case of any displeasure with their services. Offshore Companies in RAKICC can request for an Agent Change to AURION. Our team will handle all the administrative requirements and coordinate the renewal of your company with RAKICC efficiently.
Activities of RAKICC offshore company
Documents issued from RAKICC offshore
RAKICC Offshore – IBC Fee Structure product
| Product | Years | Standard Fee | Discount % | Fee After Discount | You Save | |||
|---|---|---|---|---|---|---|---|---|
|
|
AED |
USD |
|
AED |
USD |
AED |
USD |
RAKICC IBC |
1 |
8,500 |
2,329 |
0% |
8,500 |
2,329 |
0 |
|
RAKICC IBC |
2 |
17,000 |
4,658 |
15% |
14,450 |
3,959 |
2,550 |
718 |
RAKICC IBC |
3 |
25,300 |
6,986 |
20% |
20,240 |
5,545 |
5,060 |
1,425 |
RAKICC IBC |
5 |
42,500 |
11.645 |
25% |
31,875 |
8,733 |
10,625 |
2,993 |
Transfer of Company Domicile to RAKICC
Transfer of Domicile is the process when a Company moves its domicile from one offshore jurisdiction, to another. Such kind of transfer could be implemented either in the same country or transfer from one country to another. Transfer of Domicile could be initiated due to a variety of reasons. It can be due to conducive environment to locate company, safety, security & infrastructure of jurisdiction, safe and good banking support, less regulations, cost effective and hassle-free maintenance of company etc.
As per RAK ICC Business Companies Regulations 2016, IBC (International Business Company) in any part of the world is permitted to transfer its domicile to RAK ICC Offshore jurisdiction. Hence, the Company can keep its name, legal status, the reputation and the records of company’s activities.
Aurion professional experts will handle the process of Transferring the Domicile without any hassles and in the shortest period of time, without any interruptions to current Company operation. We are one of the highly reputed Registered Agent of RAKICC, having association with RAK for past 10 years. Also, we will be able to provide you with the best consultation regarding all the steps of Transferring and responsible to provide quick and brilliant delivery to the right place. Aurion also makes sure that the bank account of the company is opened within the shortest span of time.
Steps to follow for the Transfer of Company Domicile to RAKICC
1
Application
2
Submission of Documents
3
Review
4
Acceptance Confirmation
FAQs – Corporate Tax Requirements for RAKICC Companies
Here are some of the frequently asked questions on the Corporate Tax Applicability of a RAKICC Company. Many of our clients ask us about whether they fall under the purview of Corporate Tax in UAE as their company registered in RAKICC is an International Business Company. Below are the insights on scope of Corporate Tax for an Offshore Company in RAKICC.
Do RAKICC Companies have to Register for Corporate Tax?
What are the Corporate Tax Rates for RAKICC Companies?
If the annual profit falls below AED 375,000 (USD 102,110), the company is not required to pay Corporate Tax, as the rate is 0%.
If the annual profit exceeds AED 375,000 (USD 102,110), the company must pay Corporate Tax at a rate of 9% for the amount accrued beyond this threshold.
