RAK International Corporate Centre (RAK ICC) Foundation is a corporate body created with a legal personality

separate from that of its Founder(s) registered at RAK ICC. The Foundation acts through its council to administer its
assets and carry out its objects.

RAK ICC Foundation Advantages

Governance Perpetual concept Flexibility with beneficial class

What is the foundation 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 founders.

About RAK International Corporate Centre

RAK International Corporate Centre (RAK ICC) is a United Arab Emirates Corporate Registry operating in Ras
Al Khaimah. RAK ICC is responsible for the registration and incorporation of International Business Compa-
nies, as well as providing a full suite of Registry services related to International Business company activity.
RAK ICC is a modern, world class Company Registry operating in full compliance with international standards
and best practices in the International Business company formation industry.
The UAE is one of the most open economies in the world with a GDP of US400$ Billion. A business-friendly
hub, with global connectivity, world class infrastructure and human capital and world class legal and
banking systems.
 AN OVERVIEW OF THE RAK ICC FOUNDATION
GOVERNING LAW
GOVERNING JURISDICTION
LANGUAGE
INCORPORATION PROCESS
FEES
MINIMUM INITIAL CAPITAL
CONTROL MECHANISMS
RIGHT TO INFORMATION
MIGRATION
ANNUAL ACCOUNTS
ADVANTAGES OF THE RAK ICC
The RAK ICC Foundations Regulations 2019
A choice of Common Law Jurisdictions between either: The Courts of the
Abu Dhabi Global Market; or The Courts of the Dubai International Financial Centre
English
The following criteria must be fulfilled:
1. Founder (Individual or Body Corporate)
2. Council Members (Individual or Body Corporate)
3. A Registered Agent
4. A UAE registered office
A Foundation that has a charitable object, or a specified non-charitable object must
appoint a Guardian (Individual or Body Corporate). Completion of the Application Form
signed by the Founder and submitted to the Registrar. The Application Form shall contain
the above details, together with the Charter and the By-Laws
USD 200 - Registration Fee, USD 200 - Annual Fee
(excl. Legal Fees, Ongoing Administration Fees and Registered Agents Fees)
USD 100 (or its equivalent in any other currency)
Additional Property may be subsequently contributed to the Foundation by a Contributor
The Foundation is governed by the Council Members in accordance with the
provisions of the By-Laws which are a private document. The Council is comprised
of a minimum of 2 Members who could be either the Founder, Family Members,
Trusted Advisors, or Professional Advisers (Individual or Body Corporate).
The Guardian (if appointed) supervises the Council Members and ensures strict
compliance with the By-Laws of the Foundation at all times.
The Registrar shall maintain a Foundations Register which shall contain basic details
of each Foundation (Name and date of registration, details of the Founder, Council
Members, Registered Agent). All other information is treated as private and shall
not be disclosed unless so required by relevant authorities.
Migration of a Foundation into, or from the RAK ICC, is permissible subject to certain
conditions.
The Accounting Records shall be maintained by the Registered Agent at the Registered
Office and are not subject to public disclosure.
Internationally compliant Registry
Robust governance structure
0% corporate tax rate
Comprehensive global network of tax treaties
No requirement to file or audit accounts or tax returns
Possibility to migrate to RAK ICC from overseas
Low incorporation and administrative costs
Swift digital registration process