International Business Company RAK ICCUAE · RAK ICC
What it takes to form, own and run a private limited company in UAE · RAK ICC, and how its profit is taxed. Each figure links to the page it was read from.
This company type
At a glance
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The liability of a shareholder to the company, as shareholder, is limited to
Form it
Who registers it
- Registry
- Formed without visiting
- Yes
- Formed online
- Not in our records
What it takes to form
- A notary
- Not stated
The registry’s and the law’s own pages do not mention it.
- A resident director
- Not required
- Paying up the capital
- Shares may be issued partly paid or nil paid, subject to the memorandum and articles (Reg 48(2)); the consideration for a share with par value may not be less than par (Reg 60(2)). No minimum capital.
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Subject to its memorandum and articles, a company may issue bonus shares, partly paid shares and nil paid shares.
Own it
Who may own and run it
- Directors
- At least 1 · none need live there · a company may be one
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A company shall, at all times, have at least one director.
- Shareholders
- At least 1 · a company may be one
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A company shall at all times have one or more members.
- Members
- At least 1 · one person may form it alone
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A company shall at all times have one or more members.
- A local company secretary
- Not stated
The registry’s and the law’s own pages do not mention it.
- A local registered agent
- Required
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A company shall at all times have a registered agent.
Each year, at the registry
- Annual registry fee
- AED 3,950 (about €941)
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IBC Renewal - 1 Year
- Accounts on the public record
- No
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No requirement to file financial accounts
- Audit for a small company
- Not stated
The registry’s and the law’s own pages do not mention it.
- Audit
- Not in our records
Important dates
When each obligation falls due, as the authority states it.
- Annual return to the Registrar with the annual fee
- Each year, on the anniversary of incorporation
With RAK ICC Registrar (through the registered agent)
Made up to the most recent anniversary of incorporation or registration; delivered within 30 days after that date.
- Registration renewal
- Each year, on the anniversary of incorporation
With RAK ICC
Renewal falls on expiry of the registration, which is each year only for one-year terms; the schedule also sells two- and three-year terms.
- Registered agent notifies the Registrar of a change to the beneficial-owner record
- 15 days after change of beneficial owners
With RAK ICC Registrar (by the Certified Registered Agent)
The duty is the agent's, within 15 days of the change.
What is public
- Directors
- To the authorities only
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shall not be disclosed to the public by the Registrar or RAK ICC
- Shareholders
- To the authorities only
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shall not be disclosed to the public by the Registrar or RAK ICC
- Beneficial owners
- To the authorities only
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shall not be disclosed to the public by the Registrar or RAK ICC
Tax
Tax on profit
How this company type is taxed, which can differ from its place’s headline rate.
Headline rate · 9%+3 regimes
The place’s headline corporate rate. Whether it varies for this type is not in our records.
Special regimes that may apply
- Qualifying Free Zone Person free zone · 0%
A qualifying free zone person Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses, art. 18 - Participation Exemption holding · 100% exempt
Taxable persons holding a Participating Interest — a 5% or greater ownership interest in the shares or capital of a juridical person, held or intended to be held for at least twelve uninterrupted months Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses, art. 23 - Foreign Permanent Establishment Exemption other
Resident persons with foreign permanent establishments Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses, art. 24
Whether a company qualifies depends on its activity and conditions set in each statute.
- CFC rules in United Arab Emirates
- Not in our records
Close it
Closing it
The other end, which most guides leave out.
- Route
- Liquidation or voluntary strike-off through the RAK ICC registry; failure to renew within six months of expiry leads to formal strike-off.
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Liquidation 1,500
- Statutory fee
- AED 1,500 (about €357)
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Liquidation 1,500
Every business in UAE · RAK ICC
VAT
- Standard rate
- 5%
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VAT 5% (AED)
- Other rates
- Not stated
- Registration threshold
- AED 375,000 · about €89,335
total value of taxable supplies and imports; previous 12 months, or expected within the next 30 days
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Businesses resident in the UAE: Registration for VAT is mandatory if: - The total value of taxable supplies and imports exceeds AED 375,000 over the past 12 months, or is expected to exceed that threshold within the next 30 days.
- Voluntary registration
- Yes
A resident business below the mandatory threshold may register voluntarily once its taxable supplies, imports or taxable expenses exceed AED 187,500 in the past 12 months or are expected to within 30 days.
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Businesses resident in the UAE that make taxable supplies may register voluntarily for VAT if: - The total value of taxable supplies, imports, or taxable expenses in the past 12 months, or expected in the next 30 days, exceeds AED 187,500 (the voluntary registration threshold).
- A foreign company
- Registers from its first taxable supply; no local representative required
A non-resident business must register for VAT if it makes taxable supplies in the UAE, even where the value of those supplies does not exceed the AED 375,000 threshold, unless another party in the UAE is responsible for settling the VAT on those supplies. Registration is made directly through an EmaraTax account; no representative is required.
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Non-resident businesses: VAT registration is mandatory if: - The business makes taxable supplies in the UAE, even if the value of supplies does not exceed the threshold, unless there is another party in the UAE responsible for settling the VAT on those supplies.
- Returns filed
- Depends on the business
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Once you have registered for VAT in the UAE, you are required to file your VAT return and make related VAT payments within 28 days from the end of your tax period.
- Tax authority
- Registration page read 2026-10-22
Portals and registers
- Business registerMinistry of Finance – Agreements Avoiding Double Taxation
- Tax authorityFederal Tax Authority (FTA)
- Tax treatiesCustoms and Port Security (ICP)
Payment and banking services
2 services name United Arab Emirates on their own list: Paysera, Stripe. Each provider, and what a listing means.
Reference
Its name and code
- Kind
- Private limited companyDerived our grouping, the same words in every country
- Name in law
- International Business Company (RAK ICC)
- Identifier
- AE-RAKICC-IBCA form ISO 20275 does not list.