How much does it cost to set up a company in RAK International Corporate Centre (RAK ICC)?
Indicative setup in RAK ICC starts from around AED 3,500. Your final cost depends on the number of residence visas (roughly AED 3,500–5,500 each), whether you need a physical office, and your specific business activity. Free zones also run regular promotions, which we pass on — so your quote is often lower than the starting figure.
How long does RAK ICC company formation take?
Licensing in RAK ICC typically takes 2–5 working days. Adding residence visas and opening a corporate bank account can take a little longer.
Can I set up in RAK ICC from India without travelling?
Yes — the RAK ICC licence can usually be arranged remotely. If you take a UAE residence visa, a short visit is normally needed for medical testing and Emirates ID biometrics.
Is RAK ICC a VAT designated zone?
RAK ICC is a standard free zone rather than a VAT designated zone. This rarely matters for service businesses; if you trade physical goods we’ll advise whether a designated zone would suit you better.
Can I open a UAE bank account with a RAK ICC licence?
Yes. A RAK ICC licence makes you eligible to apply for a UAE corporate bank account. Approval depends on your activity, documents and profile — we point you to the banks that tend to open most smoothly for RAK ICC companies.