RAK ICC Foundations: A Modern Tool for Wealth Preservation

RAK ICC Foundations offer a sophisticated, UAE-based structure for wealth preservation, succession planning, and asset protection. Key features: • Non-charitable foundation — assets held for beneficiaries per the founder's charter • No shareholders — eliminates forced heirship exposure • Perpetual succession possible • Protector mechanism for independent governance • 0% tax on all income and gains • Privacy — not publicly registered Common uses: • Multi-generational family wealth structures • Asset protection from creditors • Succession planning bypassing contested inheritance • Holding structures for UAE or offshore assets Marensa provides end-to-end RAK ICC Foundation establishment, governance framework design, and ongoing secretarial services.