RAK unveils new Int’l Corporate Centre

Ras Al Khaimah / WAM

The Government of Ras Al Khaimah (RAK) unveiled the RAK International Corporate Centre (RAKICC), as its
premium corporate registry jurisdiction for International Business Company (IBC),
incorporation.
The centre was formed following the merger of RAK International Companies and RAK Offshore, said a statement, which also detailed the appointment of Sheikh Ahmed bin Saqr Al Qasimi as Chairman of the RAKICC Board.
Sheikh Ahmed is also chairman of Ras Al Khaimah Economic Zone (Rakez), a world-class authority established to oversee, regulate and consolidate the services, facilities and zones of Ras Al Khaimah Free Trade Zone (RAK FTZ), and RAK Investment Authority (RAKIA).
Joe Moynihan has been appointed Chief Executive Officer of RAKICC. He brings over 30 years experience in financial services and joins from the Government of Jersey, where he served as director of financial services.
Sheikh Ahmed said, “We have exciting plans for RAK International Corporate Centre, and we now have the very best team in place to achieve our ambitions and strengthen Ras al-Khaimah’s position as a leading global investment destination.”
“The merger of RAK International Companies and RAK Offshore brings together a truly international client base and gives us the critical
mass we need to accelerate the growth of RAKICC as a
premium Corporate Registry
jurisdiction,” he said.
Moynihan added, “Ras al-Khaimah has made a clear statement of intent by establishing RAKICC in line with the highest international standards of compliance and regulation.”
As a corporate registry, RAKICC is responsible for the registration and incorporation of international business companies, as well as providing a full suite of registry services related to IBC activity. Following the merger of RAK International Companies and RAK Offshore, RAKICC has over 27,000 companies, with clients from over 100 countries around the world.