The RAK ICC Foundation is a special sort of legal corporation that gives its owners more freedom and autonomy over their wealth. It's an economical method of handling financial matters including estate preparation and asset security. Real estate, shares in private enterprises, bank accounts, etc., can all be held by the RAKICC Foundation and governed by a council selected by the founder. Individuals concerned with leaving a lasting legacy may find this choice appealing because it protects their privacy and confidentiality while adhering to international norms.

In 2019, the UAE added the UAE Offshore Foundation (RAKICC Foundation) to its lineup of investment vehicles and services. It is the cutting edge of offshore asset protection and structuring on a global scale. Standards-setting legislation and regulations that takes into account worldwide advancements in asset protection as they have occurred over the past few years. The laws of the UAE Offshore Foundation specifically forbid the recognition of any foreign judgment or heirship rights that may be brought against the foundation or its founders.

Numerous advantages can be gained by participating in the RAK ICC foundation setup. To begin, it serves as a private and safe environment in which assets can be stored and managed. It facilitates effective succession planning, which guarantees a trouble-free inheritance of property and wealth. The foundation structure also permits charitable endeavors, which can help spread the message of social responsibility. The beneficial financial and legal ecology fostered by the RAK ICC Foundation formation is further enhanced by the favorable tax climate and regulatory framework of Ras Al Khaimah.