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Licensed Corporate Service Providers


Q. Which type of RAK company do I need - RAK IC or Free Zone?

Q. Do I need to visit RAK to form a RAK IC company?

Q. What paperwork do I need to open a RAK IC company?

FREQUENTLY ASKED QUESTIONS Company incorporation Bank account opening

Q. Can I open a bank account for RAK IC company in the UAE?

Q. Can I open a bank account for RAK IC remotely elsewhere?

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We offer very competitive prices combined with excellent service.

First year incorporation costs

US$ 2,875

Services included:

  • Free name check & Formation of the company

  •  Registered office & registered agent services for one year.

  • All government / registry fees for the first year.

Documents and sundries provided:

  • Certificate of incorporation

  • Memorandum and Articles of Association

  • Share Certificate(s)

  • Register of directors and shareholders etc.

  • Courier of company documents to the client.

Company stamp is not included in the above fees - please ask, if required.

Renewal costs

US$ 1,850

Includes all government fees and compliance, registered office & registered agent services for one year.

Optional services

Company secretarial services for one year (if required) - where this is not chosen, it is normally practice to appoint the director and company secretary. This does not affect the function of Registered Agent, which is carried out by TMS.

US$ 250


Formation information

It takes about 4 to 5 working days to form your company from the day all the necessary documents are received at the RAK ICC registry


In order to incorporate a RAK ICC (previously RAK IC) company, we would need the following documents on each director and shareholder:

  1. Passport copy
  2. Personal bank reference
  3. Proof of address
  4. CV

Please read RAK IC company opening requirements & FAQ regarding KYC in pdf.

Q - KYC Requirements

Our fees for assisting in the account opening process

(for companies formed through us) are:

  Introduction to a UAE bank

  • Our fee for introduction to a UAE bank (Mashreq Bank, Noor Bank, Emirates NBD, RAK Bank, ADIB)

US$ 650

Introduction only

  • Our fee for introduction to banks banks outside UAE

US$ 1,250

Stand alone bank accounts

Banking assistance

  • Our fee for assisting in the account opening process for existing companies that are not formed through us.  A non refundable deposit of $250. Within this we will carry out a review to determine the most suitable bank.

US$ 1,500

Bank account opening fees for
Ras Al Khaimah Offshore companies

Bank Opening Requirements

For an UAE bank account

For other banks

Prices are valid from 27 Jan. 2017

Order a RAK Company

Please read RAK IC company opening requirements & FAQ regarding KYC in pdf.

Please note that TMS Group provides an execution only service in respect of the formation of companies, opening bank accounts and related services. Therefore comments or suggestions made by us should not be considered as formal advice. Should you require formal structuring advice, please contact us.

Order a RAK Company Contact us for RAK IC formation Contact us for bank opening assistance