RAK International Corporate Centre (RAKICC) Premium Product

INTRODUCTION:

RAK International Corporate Centre (RAK ICC) is pleased to announce the launch of the Premium Product from 15 January 2019, a product which allows offshore companies to carry out their business activities in the United Arab Emirates. The Premium Product is designed to address customer needs, changing regulatory pressure and bank require- ments for substance. Premium Product is a combination of RAK International Corporate Centre (RAK ICC) Com- pany and a RAK Economic Zone (RAKEZ) entity. The company has to be established with RAK ICC first, and then the subsidiary of the same is established with the RAKEZ. This gives the discerning investor an opportunity to enjoy the best of both.

PRODUCT & SERVICE:

• - Treated as a business enterprise of substance
• - Bank account opening would become easier as banks would view this as
  a RAKEZ company and the RAKEZ will issue a letter introducing the enter
  prise of the bank. Open bank accounts locally and internationally
• - Residence visas are permitted for enterprise established in RAKEZ
• - Office facilities available
• - Own assets and real properties
• - Transfer of domiciliation or re-domiciliation
• - Worldwide Investments and Global trade

Timeline

RAK ICC Company Formation (Individual & Corporate) - 2 working days upon submission of all required documents to Registrar. The registration of the subsidiary is subject to immigration approval and the completion of the required documents.

Cost

Starting from AED 20,500 - Company Formation (RAKICC + RAKEZ) USD 249 - Bank account opening assistance

Shares

Fees not included in Premium Package:

• E-Channel Registration
• E-Channel Refundable Deposit
• Visa Fees
• Medical and Emirates ID

SERVICE FEES:

Starting From: AED 3,000.00