Approximate Processing Time

  • Average setup time:
    upto 4 weeks

About RAK ICC:

The sole entity in Ras Al Khaimah for the incorporation and formation of international business i.e. offshore companies, RAK International Corporate Centre is one of the fastest-growing free zones with an excellent reputation for compliance and professional services.

Advantages of RAK ICC license:

  • 100% foreign ownership
  • One day incorporating process
  • No restrictions on number of shareholders
  • No office requirement
  • No requirement for minimum capital
  • No requirement to file financial accounts
  • Cost efficient registration and renewal fees
  • Ability to open bank accounts locally and internationally

Calculate your business setup cost

Get an estimate for your desired business in your desired currency in under a minute with this cost calculator.

Types of business licenses:

Trading License

To set up a business in Dubai that involves the buying and selling of goods, you need to obtain a trading license. This license can cover companies in import and export, sales, general stores, etc.

Industrial License

This license type is issued to businesses engaged in manufacturing activities that transform natural materials and resources into final products. This licence covers industries such as gold and precious metals manufacturing.

Service License

This license type is issued to businesses that are service providers, artisans or craftsmen. Examples of companies that apply for this type of license include medical services, beauty salons and repair services.

Popular business activities at RAK ICC:

  • E-Commerce
  • Energy
  • Financial services
  • Manpower services
  • Holding company

Need more information? Contact us

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