RAK ICC Foundation Setup

Establish a RAK ICC Foundation for wealth management, succession planning, and asset protection in the UAE.

Overview

A RAK ICC Foundation is a versatile legal structure that combines the benefits of a trust and a company, providing an ideal vehicle for wealth management, succession planning, charitable purposes, and asset protection. Established under the RAK ICC Foundation Regulations, this structure allows the founder to create a separate legal entity that can hold assets, enter into contracts, and operate independently while following the founder's wishes as outlined in the foundation charter. RAK ICC Foundations are increasingly popular among high-net-worth individuals, family offices, and international investors seeking a flexible and confidential structure for managing their wealth across generations. The foundation can hold real estate, company shares, bank accounts, intellectual property, and other assets. Unlike a trust, a foundation is a separate legal entity with its own identity, which can provide additional protection and operational flexibility. The setup process is straightforward and can be completed within 5-7 business days. Al Aegis provides full support with foundation charter drafting, council appointment, registered agent services, and ongoing compliance management.

Key Features

Wealth Management

Succession Planning

Asset Protection

Separate Legal Entity

Charitable Purposes

Confidential Structure

Why Choose Al Aegis?

Flexible Structure

Combines benefits of trusts and companies, providing a versatile vehicle for various wealth management objectives.

Succession Planning

Ideal for multigenerational wealth transfer and family office structuring without the complexities of traditional inheritance laws.

Asset Protection

Foundation assets are legally separated from the founder's personal assets, providing robust protection from creditors and claims.

Complete Privacy

Foundation details and beneficiary information are kept confidential, with no public disclosure requirements.

Tax Efficiency

RAK ICC Foundations benefit from 0% corporate tax, 0% income tax, and no withholding tax on distributions.

Quick Establishment

The foundation can be set up within 5-7 business days with minimal documentation requirements.

Frequently Asked Questions

What is a RAK ICC Foundation?

A RAK ICC Foundation is a separate legal entity established under the RAK ICC Foundation Regulations. It can hold assets, manage wealth, and operate independently while following the founder's wishes as outlined in the foundation charter.

Who can benefit from a RAK ICC Foundation?

High-net-worth individuals, family offices, and investors seeking wealth management, succession planning, asset protection, or charitable giving vehicles.

Can a foundation own property?

Yes, RAK ICC Foundations can own real estate, company shares, bank accounts, and other assets in their own name.

What is the difference between a foundation and a trust?

Unlike a trust, a foundation is a separate legal entity with its own identity. It can enter into contracts, sue and be sued in its own name, and offers additional structural flexibility.

What are the ongoing requirements?

Annual renewal of registration, maintenance of a registered agent, and keeping the foundation charter and records up to date. No mandatory audits or financial filings are required.

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