RAK ICC vs Luxembourg: which jurisdiction wins?

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

	RAK ICC	Luxembourg
Tax headline	0% on qualifying income	24.94% effective; SOPARFI structuring lowers materially
Formation days	5	14
First-year cost	$3,800	$12,000
Treaties	140+	85+
Substance	Lighter than DIFC/ADGM; substance for tax claims	Substance mandatory post-ATAD
Banking	Onshore UAE bank intros possible with proper file	BIL, BGL BNP Paribas, prime brokers

Talk to a partner before you incorporate.

Wrong jurisdiction, wrong substance, or wrong bank shortlist is a 12-month problem. A 30-minute briefing fixes 80% of it.