Company formation in UAE (RAK ICC offshore)
RAK ICC company
Legal minimum, year 1£3,050
Legal minimum, per year after£1,470
Typical year 1£3,840
Corporation tax0%Ease Banking
Every fee
Setting up
Government fee£630
About AED 3,000 registry feesRegistered agent formation£950 to 1,900
RequiredMandatory; AED 4,500 to 9,000
Share capitalNone
Time to formAbout 1 week
Running it, per year
Registry renewal and registered agent£1,470 to 2,100
RequiredAbout AED 7,000 to 10,000
Legal minimum after year 1£1,470
Audit: None for mostForeign ownersNo local directorFully remote via registered agent
TaxUsually 0% (cannot trade in the UAE); still registers for UAE corporate taxDividend withholding: 0%VAT/GST: None for most
BankingUAE banks rarely open accounts for offshore companies
No visas, no office, no UAE trading. Used as a holding company.
SourcesRAK ICC costs 2026
Questions
- How much does it cost to set up a company in UAE (RAK ICC offshore)?
- The legal minimum for the first year is £3,050, counting only what the law requires and doing every filing yourself. A typical first year, with an accountant, costs about £3,840. The government fee is £630 (About AED 3,000 registry fees). Share capital is not included.
- How much does it cost per year to run a company in UAE (RAK ICC offshore)?
- The legal minimum after the first year is £1,470 a year. Running costs including optional and practically needed services range from £1,470 to 2,100. Audit: None for most.
- Do I need a local director in UAE (RAK ICC offshore)?
- No. No local director.
- Can a non-resident form a company in UAE (RAK ICC offshore) remotely?
- Yes. Fully remote via registered agent.
- What is the corporation tax rate in UAE (RAK ICC offshore)?
- Usually 0% (cannot trade in the UAE); still registers for UAE corporate tax. Dividend withholding: 0%. VAT/GST: None for most.
- How long does it take to form a company in UAE (RAK ICC offshore)?
- About 1 week.
Elsewhere in Middle East
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