RAK ICC Company Setup Cost in UAE

When researching offshore company options in the UAE, cost is often the first and most important question. Many investors search specifically for RAK ICC Company Setup Cost in UAE – Full Fee Breakdown because they want clarity before making a decision.

This guide explains exactly what you pay for, including government fees, professional service charges, and ongoing costs without confusion or hidden surprises.

What Determines the Cost of a RAK ICC Company?

The total cost of setting up a RAK ICC company depends on several factors:

Government registration and renewal fees
Professional service provider charges
Compliance and due diligence requirements
Banking assistance (if required)
Optional services such as nominee arrangements

Understanding these components helps you compare quotes accurately.

Government Fees for RAK ICC Company Setup

Government fees are mandatory and payable to the RAK ICC registry.

Registration and Incorporation Fees

These are one-time fees paid at the time of company formation and typically include:

Company registration
Incorporation certificate issuance
Registry filing fees
Standard compliance checks

These fees are fixed by the authority and are the same regardless of service provider.

Annual Renewal Fees

RAK ICC companies must be renewed every year. Renewal fees usually cover:

Company license renewal
Registry maintenance
Continued compliance status

Failure to renew on time can result in penalties or deregistration.

Professional Service Charges Explained

Most investors work with consultants or corporate service providers to set up a RAK ICC company.

What is Included in Service Packages?

Professional fees often include:

Company name availability check
Document preparation and submission
Liaison with RAK ICC authority
Compliance and KYC handling
Delivery of incorporation documents

Some providers also include basic renewal reminders and support.

Why Fees Can Vary Between Providers

Service charges may differ due to:

Experience and reputation of the firm
Level of compliance support
Banking assistance included or excluded
Transparency of the service package

Very low-cost quotes may exclude critical services or future support.

Ongoing and Hidden Costs to Consider

A key advantage of RAK ICC is low ongoing cost but some expenses still apply.

Renewal, Compliance, and Administration

Annual costs may include:

Government renewal fee
Registered agent services
Compliance monitoring
Document updates if required

Compared to Free Zone or Mainland companies, these costs are minimal.

Bank Account Setup and Maintenance

Banking costs are not part of RAK ICC government fees, but may include:

Bank account opening assistance
Minimum balance requirements
Monthly or annual bank charges

Costs vary depending on whether you choose a UAE or international bank.

Is a RAK ICC Company Worth the Cost?

A RAK ICC company is worth the cost if you:

Do business outside the UAE
Need an asset holding or investment structure
Want low setup and maintenance expenses
Do not require visas or local operations

For operational UAE businesses, a Free Zone or Mainland setup may provide better value despite higher costs.

FAQs - RAK ICC Company Setup Cost in UAE

1. What is the average cost of setting up a RAK ICC company?

Costs vary based on services, but RAK ICC is one of the most affordable UAE structures.

2. Are government fees refundable?

No. Government fees are non-refundable once paid.

3. Are annual renewal fees mandatory?

Yes. All RAK ICC companies must be renewed annually.

4. Does the cost include a bank account?

Usually no. Banking is a separate process with additional costs.

5. Are there any hidden taxes?

The UAE does not impose corporate tax on RAK ICC companies, but foreign tax laws may apply.

6. Can I reduce costs by handling setup myself?

RAK ICC requires a registered agent, so professional assistance is mandatory.

Conclusion

RAK ICC Company Setup Cost in UAE – Full Fee Breakdown shows that RAK ICC remains one of the most affordable and efficient company structures in the UAE for international business and asset holding.

Understanding the difference between government fees, service charges, and ongoing costs helps you budget accurately and avoid surprises.

Speak to our Dubai-based RAK ICC company formation specialists.