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RAK ICC vs ADGM (Abu Dhabi): which jurisdiction wins?

RAK ICC vs ADGM (Abu Dhabi) — both credible, very different trade-offs. Below: side-by-side on the variables that actually move the decision.

 RAK ICCADGM (Abu Dhabi)
Tax headline0% on qualifying income0% on qualifying income (9% otherwise)
Formation days514
First-year cost$3,800$11,500
Treaties140+140+
SubstanceLighter than DIFC/ADGM; substance for tax claimsOffice and director presence required
BankingOnshore UAE bank intros possible with proper fileADGM banks plus FAB, ADCB onshore introductions

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