RAK FZE - THE BEST PLACE FOR BUSINESS

The best place for start business with low investment with many other services.

1. 100% tax exemption
2. 100% foreign ownership
3. Transparent laws and regulations
4. No restrictions on capital and profit repatriation
5. Strategic location within proximity to Dubai
6. State-of-the art communication facilities
7. Easy access to Ras Al Khaimah international airport and a sea port

These are the other procedure for start business

Legal services

The department is giving many Legal services for FZE companies. RAK FTZ´s Corporate Legal Affairs Dept. is responsible for reviewing the submitted legal documents as well as issuing all related necessary documents such as memorandum & article of associations at low cost price and within a short period of time.

These are the legal services available in RAK FZE.

1. Attestation of Board Resolution
2. Attestation of Employment Contract
3. Attestation of Manager/Share Holder/Owners Signature
4. Attestation of Memorandum & Articles of Association
5. Attestation of Other Documents (Power of Attorney, etc.)
6. Attestation of Share Capital
7. Certificate of Good Standing
8. Drafting Legal Contracts or Agreements
9. Issuance of Certificate of Change of Name of FZE/FZC
10. Memorandum & Articles of Association (including Attestation)
11. Memorandum & Articles of Association (specimen)
12. Power of Attorney (including Attestation)
13. Power of Attorney (specimen)
14. True Copy (Certificates of Formation, Share Certificate.

Registration Procedure.

There are few steps to start the business activities in the RAK FTZ.

1. Register as a legal entity at the RAK FTZ (company registration)

2. Open a bank account.

3. Acquire a valid permit to undertake approved activities (business license)

4. Sign a lease contract for using the selected facility at the RAK FTZ.

There are two types of registration

1. A branch of an existing company
a. Foreign Branch
b. Local Branch

2. A new establishment
a. Free Zone Company
b. Free Zone Establishment

Visa Services

The Free Zone authority provises many types of visas.

1. Employment (Investor or Partner Position)
2. Employment (Manager or other Employee Position)
3. Family
4. Visit

License Services

Each and every company operating within the RAK FTZ is required to obtain a business license. A business license is a time-limited permit granted to a company to undertake commercial, consulting, service or industrial activities within the RAK FTZ. It does not, however, authorise the holder to do business in the UAE - a special agent has to be appointed for trading activities in the UAE market.Each license is valid for one year starting from the date of issue and must be renewed annually.

Four types of business licenses:

1. Commercial license
2. Consultancy license
3. General trading license
4. Industrial license