In the heart of the UAE’s thriving legal landscape, the RAK ICC Foundation stands as a beacon for those looking to safeguard their assets and plan succession securely. These foundations offer a unique legal framework, providing a corporate entity with a distinct legal personality, separate from its founders, to manage and protect assets effectively.
Imagine a structure where your assets are safeguarded from liabilities while you maintain control, even beyond your lifetime. This is what a RAK ICC Foundation offers, empowering founders with legal autonomy and protection. Governed by a council, these foundations efficiently manage the assets and intentions laid out by the founder, ensuring robust governance and security.
The registration process reveals a simple yet effective approach. Start by selecting your desired package online, filling out the necessary forms, and placing your order. The incorporation documents are then carefully prepared and reviewed. After signing, these documents are submitted to the RAK ICC, and within a mere three working days, your foundation is established, setting the stage for a secure future.
One of the most compelling features of RAK ICC Foundations is their capability for succession planning and robust asset protection. The legal separation between the foundation and its founder ensures that the founder’s liabilities do not impact the foundation’s assets. This is particularly beneficial for individuals who want to secure and manage their wealth beyond their lifetime, offering peace of mind and continuity.
Furthermore, the process is enhanced by the support of legal professionals who provide free legal advice during the company setup. This feature is essential in ensuring that the foundation aligns with the founder’s objectives and complies with UAE’s legal requirements. Additionally, ongoing legal support is made available to assist founders with day-to-day legal issues, ensuring that the foundation operates smoothly.
RAK ICC Foundations also facilitate the opening of bank accounts, working closely with various banks to offer seamless financial integration. This partnership makes managing and accessing funds straightforward and efficient. Moreover, the foundation’s distinct structure supports the appointment of a guardian and allows the founder to act as the council, offering flexibility in management and decision-making.
The pricing packages for setting up a foundation are competitive and clearly structured. From the Basic package, which includes incorporation and government fees, to the VIP package, which offers additional perks like assistance with bank account opening, these options cater to different needs and budgets, making this legal framework accessible to many.
Feedback from clients highlights the efficacy of these foundations. Testimonials speak of the ease in setting up offshore companies and managing assets, with many praising the fast and professional service. This reinforces the confidence in the process and the reliability of the service providers.
RAK ICC Foundations represent a pivotal tool for those aiming to protect and control their assets effectively. By offering a secure legal structure and comprehensive support, they empower individuals to plan their futures confidently. The streamlined registration process, in combination with accessible pricing and ongoing legal support, makes these foundations an attractive option for securing wealth and ensuring peace of mind.
Source: Legalinz
