No VAT On RAK International Corporate Center Services.
RAK International Corporate Centre (RAK ICC) is one of the offshore jurisdictions in UAE for starting and running an offshore company.
The RAK ICC is a government body with activities conducted with sovereign capacity and hence according to the VAT legislation, their services should be VAT free.
They made a statement on 16 th May 2018 confirming that none of their services will include VAT and consequently no VAT should be passed on by the agents to the customers in respect to RAK ICC services only.
In the same statement, they requested all agents to seek independent professional advice on considering the impact of VAT on their business and clients.