Register your RAK ICC Foundation with Ease

  • Enhanced asset protection.
  • Enhanced succession planning.
  • Distinct legal personality.
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Credit Card Payments

3 Simple Steps

Register your RAK ICC Foundation from the convenience of your office/home

Step 1
Step 1

Select your package and order

Step 2
Step 2

We prepare documents

Step 3
Step 3

Registration of Foundation

Bank Accounts

We work closely with the following banks for opening bank accounts for our clients.

Emirates NBD Mashreq Bank RAK Bank Emirates Islamic Dubai Islamic Bank Noor Bank

Pricing

The below promotional packages for RAK ICC Foundations are valid for a limited time.

Silver
AED 7,999AED 4,999*Save AED 3,000
  • Incorporation of Foundation
  • Government fee covered
  • Certificate of registration
  • Foundation Charter and By-laws
  • Dedicated agent for 1 year

*Yearly Fee from second year: AED 3,999 (govt. fee included)

Platinum
AED 22,999AED 13,999Save AED 9,000

Platinum includes everything in Gold, plus:

  • Assistance with bank account opening for RAK Offshore
  • Share certificate(s) for RAK Offshore
  • Assigned premier service agent throughout the year

*Yearly Fee from second year: AED 12,999 (govt. fee included)

We accept credit and debit card payments

Accept Online Payment

Process

Here is the process for preparation and registration of RAK ICC Foundation.

1

Step 1 – Online order

You will need to select your package and place the online order for the registration of your Foundation.

2

Step 2 – Preparation of documents and signatures

We will prepare your Foundation documents including the Foundation Charter for your signatures. You will need to either visit our offices or sign the documents electronically by email.

3

Step 3 – Registration

We will submit the documents to the RAK ICC and the Foundation will be established in three (3) working days.

About RAK ICC Foundations

RAK International Corporate Centre Foundation (RAK ICC Foundation) is a corporate entity established with a legal personality that is separate from its founder(s). The RAK ICC Foundations act through its council to administer its assets and carry out its objects.

RAK ICC Foundations allow various mechanisms for estate planning and are typically used for:

  • Enhanced succession planning and asset protection
  • Provide a robust governance structure
  • Guardian oversight
  • Distinct legal personality that separates liability whilst maintaining control of assets and have perpetual existence after the lifetime of the Founder

Key Features

Here are some of the key features of RAK ICC Formation

RAK ICC Ras Al Khaimah International Corporate Centre
RAK ICC Foundation RAK ICC Foundation is established as a separate legal entity with RAK ICC.
Eligibility criteria Non-Muslim over the age of 21 years.
Laws RAK ICC Foundations Regulations 2019.
Information Publishing and Confidentiality RAK ICC does not keep any public register relating to Foundations. This information is kept confidential as per the applicable laws.
Requirements for accounting Not applicable.
Taxes Not applicable.
Time zone Convenient world time zone: GMT+4
Paid up capital requirement No paid up capital requirement.
Minimum founders One (1).
Minimum beneficiaries One (1).
Minimum number of members for council One (1).
RAK ICC
Ras Al Khaimah International Corporate Centre
RAK ICC Foundation
RAK ICC Foundation is established as a separate legal entity with RAK ICC.
Eligibility criteria
Non-Muslim over the age of 21 years.
Laws
RAK ICC Foundations Regulations 2019.
Information Publishing and Confidentiality
RAK ICC does not keep any public register relating to Foundations. This information is kept confidential as per the applicable laws.
Requirements for accounting
Not applicable.
Taxes
Not applicable.
Time zone
Convenient world time zone: GMT+4
Paid up capital requirement
No paid up capital requirement.
Minimum founders
One (1).
Minimum beneficiaries
One (1).
Minimum number of members for council
One (1).

Frequently Asked Questions

Here are some answers to some of the most common questions related to RAK ICC Foundations.

What is a RAK ICC Foundation?
A RAK ICC Foundation is a legal entity established a founder with the RAK ICC.
What is a founder?
A founder is a person who establishes the Foundation. A foundation is similar to a shareholder in a company.
What is council of members?
A council of members in a Foundation is similar to board of directors in a company. The council of members is responsible for the management of the day to day affairs of the Foundation. A council of members is appointed by the founder.
What is a guardian?
A guardian is a person who acts on behalf of the founder. A guardian is also appointed by the founder.
Who is a qualified beneficiary?
A qualified beneficiary is a person for whose benefit the Foundation is established.
Can a Foundation be liquidated?
A Foundation can be liquidated by a resolution of the council of members.

Government Departments

We can help you with the processes in the following government departments.

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