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All RAK international business and offshore companies are now required to select from the set of activities from the ISIC business activities.

There are numerous reasons for RAK ICC’s increased popularity. Here is a list of seven (7) best known reasons for which RAK ICC stands out as a top offshore jurisdiction in the world.

Any person can own 100% shares in an IBC with RAK ICC. There is no requirement for a UAE national to own any shares in these companies.

In the case of RAK offshore companies established in the UAE, some banks may also relax the requirements of UAE residence visas and address.

RAK offshore company can either have a holding company activity or any other business activity which reflects the actual business carried out by the shareholder internationally.