RAK International Corporate Centre is among the fast-developing international corporate. Moreover, it is registered with a valuable and tremendous reputation for compliance and professional services. The United Arab Emirates is among the leading modern jurisdictions. Hence, delivering significant solutions to offshore, onshore along with free zone companies.

RAK ICC offshore companies are formed to?

The RAK ICC is a government corporate registration organization. It was developed in Emirates of Ras Al Khaimah, UAE, registered RAK offshore companies. It is among the most reputable offshore company setup registers. Therefore, it is named among the top jurisdictions worldwide along with BVI, Cayman Islands, and Jersey. Moreover, RAK ICC delivers effective legislation for establishing coupled with managing offshore internal business organizations

What are its benefits?

RAK ICC offshore companies are formed to? 

  • Firstly, to conduct international business activities outside the UAE
  •  Secondly, to act as holding businesses
  • Thirdly, to get real estate properties in UAE
  • Moreover, to deliver asset protection
  • Further, to get tax planning
  • Above all, carry out estate planning

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Activities that are not allowed by RAK ICC to offshore companies

  • Media platform
  • Developing an office branch within the United Arab Emirates
  • Financial
  • Aviation
  • Insurance and reinsurance
    • Arrange business activities with onshore companies in the UAE

What activities is RAK ICC allowed to conduct by offshore companies?

  • Property holding (within Ras Al Khaimah and Dubai)
  • International trade
  • Consultancy
  • Brokerage activities
  • Online advertising activities
  • Registration of ships
  • Services
  • Trading

What are its benefits?

  • Firstly, no taxation in the majority of the jurisdictions
    Modern legislation
  • Secondly, registered address
  • Thirdly, single and other directors are applicable
  •  In the majority of jurisdictions, no auditing and accounting is required
  •  Moreover, no nationality limitation
  •  Furthermore, businesses can be run internationally
  • Capital expatriation does not have any particular limitation
What activities RAK ICC allowed to conduct by offshore companies?
Required documents:


  • Firstly, we significantly follow our services’ highest professional ethics and quality.
  • Secondly, our company have a fast-growing team of qualified & dedicated professionals.
  • Thirdly, you get a fresh perspective & new ways to look at your business through Business Analysis, Creative Insight & Industry Benchmarking.
  • Moreover, we act as a Sounding board for crucial financial decisions, hence provide dependable strategic leadership through our experience and knowledge.
  • A E Y Auditing LLC is a UAE-registered auditing firm, hence providing cost-effective value-added solutions to meet all your significant business needs.

Required documents:

We require below documents: 
  • Passport copy
  • UAE visa entry stamp to UAE (if available)
  • Proof of residential address coupled with the latest utility bill

Documents you will receive

You will receive the below documents upon the integration of your business:

  •  Certificate of Incorporation
  •  Memorandum and Articles of Association
  • Share certificate(s)
  • Register of Directors
Audit and Assurance

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Liquidation Services

Liquidation of the firm in Dubai is a process of shutting down a company…

Audit & Assurance

Internal audit is an important tool to assure management of the business…

Statutory Audit

Statutory Audit

There are various types of audits to choose from, and statutory Audit is one of them..

Internal Audit

Internal Audit

An internal audit is a detailed analysis of a firm performance according to the business plan…

FAQs Of Auditing

The general requirement of a business in the UAE is to maintain its records for not less than (5) years. The Commercial Company Law makes it mandatory for all companies in the mainland.

According to UAE Commercial Company Law, every company needs to have auditors to audit their book of accounts. Under Federal Law no. 2 of 2015, Article 27, a licensed auditor is mandatory. Ministry of Economy in the UAE must approve it.

Dubai Financial Services Authority registers well-known auditors. Therefore, it may appoint them to examine and report accounts of regulated DIFC entities.

However, if your company is usually free from an audit, you need an audit if your shareholders ask so. The shareholders must own at least 10% of the shares. Shares can be particularly on an individual or group level. 

If you are an entrepreneur in Dubai, it is essential to get an audit. It’s significant because it assures that your company records are reliable and in order. Auditors in Dubai, while conducting audits, examine internal controls of a company. All of the sudden, they also inspect the existing system, coupled with the financial statement.

Yes! IFRS standards are mandatory by the UAE Commercial Company Law No 2 of 2015. Listing rules of NASDAQ Dubai, Dubai Financial Market PJSC, Abu Dhabi Securities Exchange, and especially Dubai Financial Services also demand it.

(5) years.

You can notably become an FCCA once you have a continuous membership of 5 years with ACCA. Further, you must meet CPD requirements of paying annual subscriptions every year.

Once you file the return, the IRS usually starts these audits within a year. Within particularly six months, they lead to completion. However, expect a delay if you do not deliver the complete information. In fact, we also expected the delay if the auditor finds issues and wants to expand in other years or areas.

The mandatory documents by management are as below:

  • Firstly, accounting reports with trial balance, balance sheet, ledgers, income statement, and relevant schedules
  • Secondly, copies of vouchers, invoices, receipts, and bills
  • Thirdly, a list of bank accounts used for transactions and forgeries of bank statements
  • Moreover, maintained reports of all the payroll functions of a business.
  • Further, copies of legal documents of the business
  • Verifications from clients, suppliers, associated entities, etc.
  • Above all, evaluate related parties and transaction examinations with related parties.
  • Firstly, it helps accomplish business objectives. It will fix company weakness in all ways.
  • Secondly, auditors in Dubai significantly facilitate identifying loopholes and risks in the financial report of your company.
  • Thirdly, it boosts credit rating and valuation. You open doors for foreign investors and get the best financial position by calling an audit service.
  • Moreover, it reveals the overall picture of your business. You can further focus more on your company’s strengths, weaknesses, opportunities, and threats once you have a clear vision.
  • Firstly, we follow our services’ highest professional ethics and quality level.
  • Secondly, our company has a fast-growing team of qualified & dedicated professionals.
  • Thirdly, you get new opinions to look at your business through Business Analysis, Creative Insight & Industry Benchmarking.
  • We act as a Sounding board for crucial financial decisions and significantly provide dependable strategic leadership through our experience and knowledge.
  • A E Y Auditing LLC is a UAE-registered auditing firm providing cost-effective value-added solutions to meet all your business needs.

Get In Touch

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I’ll be happy to schedule a call with you to discuss further.

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