RAK ICC Global Product offers a wide range of license types tailored to various business activities:

• Commercial License: For trading goods within or outside the UAE
• Services License: For consultancy, advisory, and other professional services
• E-Commerce License: For digital businesses and online selling platforms
• Media License: For companies in the advertising, broadcasting, or digital media industries
• General Trading License: Allows broader trading activity across multiple product categories
• Education License: Suitable for training centers, institutes, and academic services providers

Businesses can choose from:

• Co-working Spaces: Cost-effective shared workspaces, ideal for startups or small teams.
• Physical Offices: Dedicated office units for companies requiring a traditional business setting and client-facing infrastructure.

Yes, companies registered under RAK ICC Global Product can operate within the UAE, provided their licensed activity aligns with UAE regulatory requirements. Activities must be explicitly permitted in their trade license.

Yes, businesses can hire staff. Employee visas, labor contracts, and other HR formalities are managed through the relevant Free Zone authority (RAKEZ), enabling businesses to build in-house teams.

Yes. Shareholders and employees may be eligible for UAE residency visas, which include access to services like banking, healthcare, and education. The type and number of visas depend on the package and office space selected.

The minimum capital requirement begins at AED 10,000 (USD 2,725). However, this may vary depending on the business activity, license type, and regulatory norms.

Yes. All entities must register with the Federal Tax Authority (FTA) and comply with UAE corporate tax regulations. While Free Zones may offer certain tax incentives, this depends on specific qualifying criteria.

Yes. UAE has signed Double Taxation Avoidance Agreements (DTAAs) with over 100 countries, offering tax relief and minimizing tax liabilities for cross-border transactions.

No physical visit is required for setting up the business. Incorporation processes can be handled remotely, streamlining access for international investors.

No. There is no legal obligation to appoint a Company Secretary, simplifying governance requirements.

Yes. RAK ICC Global Product permits corporate entities to act as shareholders, providing flexibility for holding companies and complex ownership structures.

At least one shareholder is required, allowing for single-owner structures, ideal for solo entrepreneurs.

While not mandatory, it is considered best practice to maintain audited financial statements, ensuring transparency and compliance with international standards.

Audited accounts are submitted only upon request from the regulatory body, offering operational flexibility while ensuring accountability when necessary.

No. Company financials are private and not disclosed to the public, preserving confidentiality.

Yes. Companies can relocate their domicile to RAK ICC Global Product without dissolving the original entity, facilitating strategic jurisdictional shifts.

Yes, but subject to individual bank compliance checks. Entities can apply for corporate bank accounts in UAE banks, though approval is at the bank’s discretion.

Yes, entities may own real estate in designated areas, subject to applicable UAE laws and Free Zone policies.

No. Shareholder identities are confidential and not published in any public registry.

No. Like shareholders, director information remains private, upholding investor privacy. The General Manager is public.

The N.E.R provides limited public data such as:

• Company name
• Licensed activity
• Name of the appointed manager

This complies with UAE transparency regulations while safeguarding ownership data.

The entire process takes approximately 3–4 weeks, influenced by:

• Immigration pre-approval
• Compliance checks by RAKEZ
• Availability of clients for signing and document witnessing

RAK ICC functions as a channel partner and retains control of the entity post-registration. Agents will not be granted portal access, ensuring centralized management.

Visa processing times vary by service type:

• VIP Service: 4 working days
• Normal Service: 9 working days

All subject to immigration approvals and screening.

Post-registration, businesses receive digital copies of:

• Certificate of Incorporation (COI)
• Trade License
• Memorandum of Association (MOA) or Memorandum of Continuation (MOC)
• Partners List
• Bank Introduction Letter
• Office Lease Agreement (for physical spaces)
• Occupancy Agreement (for co-working spaces)

Yes. These are mandatory obligations under UAE labor law to protect employee welfare and must be in place before visa issuance.

Yes. A certified academic degree is required for the appointed manager, which must be attested to validate eligibility for managerial positions and visa processing.