RAK International Corporate Centre (RAK ICC) Foundation is a corporate body created with a legal personality separate from that of its Founder(s) registered at RAK ICC. The Foundation acts through its council to administer its assets and carry out its objects.
RAK ICC Foundation Advantages
- Perpetual concept
- Flexibility with beneficial class
What is the foundation used for?
- Enhanced succession planning and asset protection
- Provide a robust governance structure
- Guardian oversight
- Distinct legal personality that separates liability whilst maintaining control of assets and have perpetual existence after the lifetime of the founders.
About RAK International Corporate Centre
RAK International Corporate Centre (RAK ICC) is a United Arab Emirates Corporate Registry operating in Ras Al Khaimah. RAK ICC is responsible for the registration and incorporation of International Business Companies, as well as providing a full suite of Registry services related to International Business company activity.
RAK ICC is a modern, world class Company Registry operating in full compliance with international standards and best practices in the International Business company formation industry.
The UAE is one of the most open economies in the world with a GDP of US400$ Billion. A business-friendly hub, with global connectivity, world class infrastructure and human capital and world class legal and banking systems.