A RAK ICC Foundation is a corporate body created with a legal personality separate from that of its Founder(s) registered at RAK ICC. The Foundation acts through its council to administer its assets and carry out its objects.

What is a Foundation used for?

  • Enhanced succession planning and asset protection
  • Provide a robust governance structure
  • Guardian oversight
  • Distinct legal personality that separates liability whilst maintaining control of assets and have perpetual existence after the lifetime of the Founder

RAK ICC Foundation Advantages

  • Governance
  • Perpetual concept
  • Flexibility with beneficial class