FAQ
Frequently Asked Questions
Answers to common questions about our services, structures, and processes.
RAK ICC Foundations
What is a RAK ICC Foundation?
A RAK ICC Foundation is a distinct legal entity with no shareholders and no directors, established by a Founder. It functions as an "Orphan Structure" designed to exist in perpetuity, offering world-class asset protection, confidentiality, and succession planning.
What assets can a Foundation hold?
Foundations can hold any asset, including real property, shares in companies, bonds, personal chattels, and investment portfolios.
How does the legal firewall work?
The 2025 amendments to RAKICC Foundation Regulations introduced Firewall provisions that shield Foundations from foreign judgements conflicting with RAKICC regulations, plus a 3-year statute of limitations on claims.
How long does it take to set up?
Once documents are submitted, your Foundation can be established in as few as 3 business days. Faster turnaround is available. UAE presence is not required.
Can I redomicile an existing structure?
Yes. Foundations from other jurisdictions can typically be redomiciled to RAKICC. Existing RAKICC Companies can also be converted to Foundations.
Company Formation
What types of companies can you set up?
We form RAKICC limited companies (SPV/IBC), RAKEZ visa-eligible companies, Dubai Mainland LLCs, and entities in DIFC, ADGM, DMCC, UAQ, Jersey, Guernsey, and BVI.
Do I need to be in the UAE?
For RAKICC Foundations and companies, UAE presence is not required. For visa-eligible companies and Golden Visas, you will need to be in the UAE for certain processing steps.
Can I have 100% foreign ownership?
Yes. All free zone entities and most mainland commercial and professional activities now allow 100% foreign ownership.
Banking & Visas
Can you help with bank account opening?
Yes. We have dedicated banking partnerships across the GCC, Jersey, and other regions, including crypto-friendly solutions for diverse risk profiles.
What is the Golden Visa?
The UAE Golden Visa is a 10-year residency visa for investors, entrepreneurs, and exceptional talents. It allows you to stay outside the UAE for more than 6 months without invalidation, and you can sponsor family members.
Working With Us
What are your fees?
Fees vary by structure and service. Contact us for a personalised quotation based on your specific requirements. All fees quoted are exclusive of VAT, and government fees are subject to change.
What ongoing support do you provide?
As your Registered Agent, we handle annual renewals, compliance with regulations, governance maintenance, and can assist with any amendments to your structures.
Still Have Questions?
Our team is happy to discuss your specific requirements in confidence.
Get in Touch