What documents does an American national need to start a holding company business in the UAE?

You will need a valid United States passport (minimum 6 months validity), passport-sized photos, proof of address in United States, attested documents via US Department of State / Secretary of State, and a business plan for your holding company venture.

How long does it take for an American citizen to set up a holding company company in RAK ICC?

The complete process — from initial application to trade licence issuance — typically takes 3–6 business days. Adding visa processing and bank account opening, the total timeline is approximately 13–23 business days.

How long does it take to get a Holding Company licence in RAK ICC?

The typical processing time for a holding company licence at RAK ICC is 3 business days, subject to document completeness and any regulatory approvals. Since this is a non-regulated activity, the process is straightforward and typically completed within the standard timeframe.

How much does it cost to set up a Holding Company business in RAK International Corporate Centre?

The total setup cost for a Holding Company business in RAK ICC starts from approximately AED 12,500 for the trade licence. Additional costs include visa processing (AED 0 per visa), office space, and establishment card fees. IBA provides a detailed cost breakdown during your free consultation.

What documents do I need to set up a Holding Company business in RAK ICC?

The standard documents required include: passport copies of all shareholders, passport-sized photographs, a completed application form, a business plan or activity description, and proof of address. IBA handles all document preparation and submission on your behalf.

What business activities can I include on my RAK ICC licence?

Your RAK ICC licence can include holding company as the primary activity, along with related activities that fall under the same category. Mainland licences can include multiple activities, provided they fall within the same licence category (professional, commercial, or industrial). IBA advises on the optimal activity selection for your business needs.

Can I open a corporate bank account with my RAK ICC Holding Company licence?

Yes, with a valid trade licence from RAK ICC, you can open a corporate bank account at any UAE bank. Offshore companies can open corporate accounts, though the choice of banks may be more limited. IBA assists with introductions and documentation for smooth bank account opening.

Holding Company in RAK International Corporate Centre for American nationals

OffshoreFinancial

Holding Company in RAK ICC

Starting From

AED 12,500

Setup Time

3 Business Days

Visa Quota

0 Visas

Location

Ras Al Khaimah

About Holding Company

As an American national looking to establish a Holding Company business in RAK International Corporate Centre, the UAE offers one of the most welcoming environments for international entrepreneurs. United States has strong bilateral trade relations with the UAE, and thousands of American professionals have already successfully set up businesses across the emirates.

As an offshore entity regulated under Ras Al Khaimah's commercial laws, your Holding Company business will benefit from cost-effective offshore structure and full foreign ownership. The RAK ICC licensing framework is designed to accommodate both start-ups and established firms, with annual licence fees starting from approximately AED 12,500.

With over two decades of experience in UAE business formation, IBA International provides end-to-end support for your holding company setup in RAK ICC. Our dedicated advisors handle the paperwork, government liaisons, and compliance requirements, so you can focus on building your business from day one.

Why RAK ICC for Holding Company?

There are several compelling reasons why RAK International Corporate Centre continues to attract holding company entrepreneurs from around the world.

The jurisdiction offers cost-effective offshore structure, which is particularly valuable for holding company operations. Additionally, full foreign ownership ensures that your business remains competitive in the regional market. The offshore structure provides maximum confidentiality and is ideal for holding assets, intellectual property, and international trade operations. Many international businesses choose the offshore route for its streamlined compliance requirements and ability to open multi-currency bank accounts with leading UAE banks. No tax obligation further enhances the appeal of RAK ICC for holding company professionals. Furthermore, confidentiality protection positions your holding company business for long-term success in the region. With Ras Al Khaimah continuing to invest in infrastructure and business-friendly regulation, RAK ICC remains an excellent choice for both start-ups and established financial enterprises looking to expand into the Middle East and North Africa region.

For American nationals specifically, the Ras Al Khaimah government has fostered a business-friendly environment with streamlined processes that cater to the large American business community.

Cost-effective offshore structure

Full foreign ownership

No tax obligation

Confidentiality protection

International business flexibility

Visa Requirements for American Nationals

US citizens can enter the UAE visa-free for 30 days. A residence visa is processed after company formation for long-term business operations. Once your holding company licence is issued by RAK ICC, IBA will process your residence visa application, Emirates ID, and medical fitness tests. The entire process typically takes 8–15 business days from licence approval to visa stamping.

Banking for American Business Owners

US nationals face additional FATCA compliance requirements when opening UAE corporate accounts. IBA assists with the additional documentation required. For your holding company business in RAK ICC, IBA recommends opening a corporate account with a bank that has experience serving American business owners. We will prepare your banking file including the trade licence, shareholder documents, business plan, and any United States-specific attestations required.

Document Attestation for American Nationals

American nationals setting up a business in the UAE will need to attest certain documents through US Department of State / Secretary of State. This typically includes your passport copy, educational certificates (if applicable for holding company), and any existing business documents. The attestation must then be verified by the UAE Embassy in Abu Dhabi before submission to RAK ICC.

Requirements & Documents

1Valid United States passport (minimum 6 months validity)

2Documents attested by US Department of State / Secretary of State

3UAE Embassy attestation from Abu Dhabi

4Passport-sized photographs with white background

5Passport copies of all shareholders and directors (valid for at least 6 months)

6Proposed company name (2-3 alternatives)

7Entry stamp or valid UAE visa copy (if applying from within the UAE)

8Notarised power of attorney (if applicable)

Cost Breakdown

Item	Cost (AED)
License Fee	12,500
Estimated Total (Year 1)	From AED 12,500

* Costs are indicative and subject to change. Contact IBA for a personalised quote.

Setup Timeline

Consultation

Free consultation with IBA to discuss your holding company business plan and the best RAK ICC licence options for American nationals.

Document Preparation

Prepare and attest all required documents from United States through US Department of State / Secretary of State and the UAE Embassy.

Licence Application

Submit the holding company licence application to RAK ICC. IBA handles all paperwork and government interactions.

Trade Licence Issued

Receive your official RAK ICC trade licence within 3–6 business days.

Visa Processing

Process your UAE residence visa, Emirates ID, and medical fitness. US citizens can enter the UAE visa-free for 30 days.

Bank Account

Open a corporate bank account. US nationals face additional FATCA compliance requirements when opening UAE corporate accounts.

Start Operations

Your holding company business is ready to operate in the UAE. IBA provides ongoing PRO, accounting, and compliance support.

Total estimated time: 3 business days. IBA handles the entire process end-to-end so you can focus on your business.

Frequently Asked Questions

Yes. RAK ICC allows 100% foreign ownership for all nationalities, including American nationals. No local sponsor or partner is required.

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