Foundation Setup Services in RAK ICC

Establish a RAK ICC Foundation to safeguard your wealth, plan for the future, and leave a lasting legacy. Enjoy a simple, flexible, and secure solution that helps families and philanthropists manage assets, support succession, distribute benefits, and create enduring impact across generations.

Foundation Setup Services in RAK ICC

Establish a RAK ICC Foundation to safeguard your wealth, plan for the future, and leave a lasting legacy. Enjoy ... read more
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RAK ICC Foundation Setup: Build, Protect, and Pass On

A RAK ICC Foundation is a versatile and robust structure designed for individuals and families seeking long-term wealth protection, governance, and legacy planning. With a distinct legal personality, a foundation separates liability while allowing the founder to maintain control of assets and ensures perpetual existence beyond their lifetime.
Foundations are ideal for holding family assets, managing operating companies, distributing dividends, or supporting philanthropic initiatives. Guardian oversight and a strong governance framework ensure responsible management, accountability, and smooth succession.
With streamlined compliance with minimal administrative burden this combination of flexibility, control, and legal protection makes RAK ICC Foundations an optimal solution for families, entrepreneurs, and philanthropists who want to secure their wealth, manage their assets efficiently, and leave a lasting impact for future generations.

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Does a foundation setup in RAK ICC need to file or audit its accounts?

    Can a foundation setup in RAK ICC hold real estate in the UAE?

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      Benefits of Setting Up a RAK ICC Foundation

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      Enhanced succession planning and asset protection safeguards family wealth for future generations.
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      Guardian oversight provides responsible management and guidance.
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      A distinct legal personality separates liability while maintaining control of assets and allows perpetual existence beyond the founder’s lifetime.
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      Assets can be securely held within the structure.
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      Dividends from operating companies can be distributed to beneficiaries.
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      The founder’s assets can be managed for the benefit of qualified recipients.
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      Operating companies can be held under the structure.
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      Family philanthropic initiatives can be supported in a structured manner.
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      Enhanced succession planning and asset protection safeguards family wealth for future generations.
      yellowtick
      Guardian oversight provides responsible management and guidance.
      yellowtick
      A distinct legal personality separates liability while maintaining control of assets and allows perpetual existence beyond the founder’s lifetime.
      yellowtick
      Assets can be securely held within the structure.
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      How Can MS
      help you set up a RAK ICC Foundation?

      MS provides end-to-end guidance in setting up a RAK ICC Foundation, ensuring a smooth and compliant process tailored to your objectives. From designing the Foundation structure and drafting the Charter to completing registration and establishing governance, our team supports every step. We help you manage and protect assets, hold shares or investments, distribute dividends, and plan for succession. Additionally, MS ensures ongoing compliance with RAK ICC regulations, including AML requirements, while maintaining confidentiality and minimizing administrative burden. Whether your goal is family wealth protection, philanthropic initiatives, or long-term legacy planning, MS delivers a seamless, secure, and customized solution to bring your vision to life.

      MS provides end-to-end guidance in setting up a RAK ICC Foundation, ensuring a smooth and compliant process tail... read more

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      Frequently Asked Questions (FAQ)

      What is the governance structure of a RAK ICC Foundation setup?
      A Foundation is managed by a Council, which must consist of at least two members. These members can include the Founder, family members, trusted advisors, or professional advisers. A Guardian, appointed by the Founder, oversees the Foundation's operations and ensures compliance with its objectives.
      Can a RAK ICC Foundation hold assets?
      Yes, a Foundation can hold and manage various assets, including real estate, shares, intellectual property, and other investments, in accordance with its Charter and the Founder's intentions.
      Can a RAK ICC Foundation support philanthropic initiatives?
      Yes, Foundations can be established for charitable or non-charitable purposes, supporting philanthropic initiatives or specific objectives, such as funding educational programs, healthcare initiatives, or community development projects.
      Are there any tax implications for a RAK ICC Foundation?
      RAK ICC Foundations benefit from tax exemptions, including no corporate, capital gains, or personal income taxes, making them an attractive option for wealth management.
      Can a Foundation setup in RAK ICC hold intellectual property rights?
      Yes, a RAK ICC Foundation can own patents, trademarks, copyrights, and other intellectual property, protecting them under its legal structure.
      Can the RAK ICC Foundation support family governance and education?
      Yes, Foundations can be structured to fund family governance initiatives, education programs, and training for future generations.
      What is the governance structure of a RAK ICC Foundation setup?
      A Foundation is managed by a Council, which must consist of at least two members. These members can include the Founder, family members, trusted advisors, or professional advisers. A Guardian, appointed by the Founder, oversees the Foundation's operations and ensures compliance with its objectives.
      Can a RAK ICC Foundation hold assets?
      Yes, a Foundation can hold and manage various assets, including real estate, shares, intellectual property, and other investments, in accordance with its Charter and the Founder's intentions.
      Can a RAK ICC Foundation support philanthropic initiatives?
      Yes, Foundations can be established for charitable or non-charitable purposes, supporting philanthropic initiatives or specific objectives, such as funding educational programs, healthcare initiatives, or community development projects.
      Are there any tax implications for a RAK ICC Foundation?
      RAK ICC Foundations benefit from tax exemptions, including no corporate, capital gains, or personal income taxes, making them an attractive option for wealth management.
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      MS is the business name of MS Corporate Services (DIFC) Limited, MS Global Solutions FZCO and M S Chartered Accountants LTD (ADGM). MS Corporate Services (DIFC) Limited is registered with the Dubai Financial Services Authority (Reg No: 9054) as DNFBP and is commercially licensed by the Dubai International Financial Centre Authority as a Corporate Services Provider. MS Global Solutions FZCO is licensed by Dubai Multi Commodities Centre Authority (Reg no: 873767) as a Corporate Services Provider and Management Consultant. M S Chartered Accountants LTD is licensed by ADGM Authority (Reg No: 000007218) for Management Consultancy, Tax Consultancy, Compliance Consultancy and Accounting Services. M S Advisory LLC is licensed by Qatar Financial Centre (QFC) authority (QFC Number - 03066) for Management and Business Consulting and IT Consultancy.