The international company is the equivalent of an offshore structure mainly used for worldwide revenue recognition and for operations outside the UAE.

Salient Features:

• 100 % foreign ownership allowed

• 100 % capital/profit repatriation

• 0% tax rate on income and profits

• Articles can be set as per UAE Common Law Jurisdictions (DIFC and ADGM)

• No access to double taxation treaties executed by the UAE

• No operations (employee, office spaces and warehouses) in UAE

• No dealings with UAE entities

A foundation is a corporate body created with a legal personality separate from that of its Founder(s) registered at RAKICC, under the RAK ICC Foundations Regulations 2019. The Foundation acts through its council to administer its assets and carry out its objects:

• Wealth structuring

• Succession planning

• Asset Protection

• Long-term businesses holding

• Commercial transactions

• Charitable purposes

Salient Features:

• No public access to information about the foundation

• No interference of foreign laws and/or heirship rights conferred by foreign laws. 

• No statutory duration limit  

• Possibility to migrate foundation in & out of RAKICC

• Access to Common Law via the DIFC Court or ADGM Court