Start Your Business with RAK ICC: Zero Corporate Tax & Flexible Setup
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Why Choose RAK ICC for Your Business Setup?
- Offshore Setup starting from 11,500 AED: Low-cost, secure, and tax-efficient.
- Foundation Setup: Tailored to meet your business needs with a focus on asset protection.
- Zero Corporate Tax: Benefit from 0% corporate tax, helping you maximize profits and minimize expenses.
- Global Reach: Establish your business in the UAE, while enjoying the benefits of international expansion.
Maximize Your Business Potential with RAK ICC
- Simple & Fast Setup: No complicated paperwork. Get started quickly and focus on growing your business.
- Privacy & Security: Offshore and foundation setups ensure your assets are protected.
- Strategic Location: Be part of a growing business ecosystem with access to global markets.
- Tax Advantage: Take advantage of the 0% corporate tax and optimize your financial future.
Expert Opinion:
RAK ICC offers businesses an ideal setup with its tax advantages and straightforward approach to company formation. The zero corporate tax advantage is a significant draw for entrepreneurs looking to protect their assets while reducing costs. Whether you're looking for an offshore setup or establishing a foundation, RAK ICC offers the flexibility and security you need to grow your business successfully.
– Timi Omatsola,
Senior Business Consultant, Emirabiz
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FAQs:
- Offshore Setup: Ideal for businesses seeking to establish a presence outside of their home country while enjoying tax benefits, asset protection, and privacy.
- Foundation Setup: A more secure and flexible structure, often used for asset protection, estate planning, and wealth management.
Yes! RAK ICC offers zero corporate tax for businesses set up within its jurisdiction. However, you will still need to register for corporate tax under the UAE's new tax law (which came into effect in June 2023), but businesses in RAK ICC will not be subject to corporate tax rates.
A RAK ICC offshore setup allows you to operate globally, but RAK ICC itself is not a mainland business setup. For businesses that want to directly operate within the UAE, you would need a RAK Freezone or mainland setup. However, you can partner with a local company for UAE-based operations while benefiting from the tax advantages of RAK ICC.
Yes! RAK ICC allows you to open a corporate bank account with a variety of local and international banks. This enables you to manage your business finances easily while benefiting from the tax-efficient setup.
RAK ICC’s setup process is fast and efficient, typically completed in 1 week, depending on your business structure and documentation.