logo


Company set up in RAK Free Zone

Company Formation in Ras Al Khaimah Free Trade Zone

A brief introduction to and detailed information on requirements for company set up in RAK Free Trade Zone follow:

Established in 2000, RAK FTZ has enjoyed tremendous success in terms of attracting and retaining businesses and investments. It won the “Best Emerging Free Zone” award from Middle East Logistics Awards three years in a row and hosts more than 7500 companies from 106 countries. The cost of living and doing business in RAK is lower than other emirates and this allows for greater profit margins for the investors in the region.

Types of Companies in RAK Free Zone

Particulars FZE FZCO Local Branch Foreign Branch
No of Share Holders Required Only 1 Individual Share Holder Min 2 ,Max 5 Share holders

A branch of a domestic firm residing in UAE. The parent company
should have existed for more than a year (also applicable to subsidary
company)
A branch of a foreign firm residing outside UAE.
The parent company should have existed for more
than a year (also applicable to subsidary company)
Type of Share Holders Individual or Company Individual or Company Individual or Company Individual or Company
Share Holder Changes No temporal restriction No temporal restriction No temporal restriction No temporal restriction
Specific Documents Required 1) Original Certificate of Registration 1) Original Certificate of Registration 1) Original Certificate of Registration 1) Original Certificate of Registration
2) Feasibility Study Report 2) Feasibility Study Report 2) Memorandum & Articles of Association 2) Memorandum & Articles of Association
3) Board Resolution 3) Board Resolution 3) Board Resolution 3) Board Resolution
Types of Licenses in RAK Free Zone

Particulars Commercial License General Trading License Consultancy /Services Industrial License
a) Annual License Fees 3650 15000 7500 5000
b)

Activity Types 2 different activites or 7 similar activites – Import
/Export distribute and store items
Different activites – Import,distribute & and store all
items ,
2 different conuslting activites – Any type of management,marketing
,acadamic, real estate, logisitcs or industrial consulting
1 product lineImport of raw materials
,manufacturing processing,assembling,packaging
and export of finished goods
c) License Restrictions The shareholders should have the requisite academic qualifications to
deliver the services
d) Bank Balance Requirements At least AED 100,000 At least AED 150,000 At least AED 100,000 At least equal to the project’s capital
Other General Information for Company set up in RAK Free Zone

Flexi Facilities Package Standard Office Packages Executive Office Packages Warehouse Package
Flexi Desk Flexi Office
License to operate businesss in RAK FTZ (Commercial or Consultancy /Service License License to operate businesss in RAK FTZ (Commercial or Consultancy /Service License Business License to operate businesss in RAK FTZ (Commercial or Consultancy/ Service License Business License to operate businesss in RAK FTZ (Commercial or Consultancy /Service License or general trading Warehouse Lease
1 Residence Visa (Visa Cost not included) 2 Residence Visa (Visa Cost not included) Furnished office Furnished office Utility Provision
Furnished and semi-enclosed workstations Furnished and enclosed workstations Dedicated Phone number Dedicated Phone number Business License to operate at RAK
1 executive desk and chair 2 executive desk and chair Dedicated Fax Number Dedicated Fax Number Investor and employment visa
1 shared computer or use your laptop 2 shared computer or use your laptop Email address Email address Optional staff accomodation Available
High Speed Internet Network High Speed Internet Network IT/Telecomunication services IT/Telecomunication services Locations
Dedicated phone number Dedicated phone number Electricity,water and air conditioning Electricity,water and air conditioning 1.RAK Industrial Park
Private company email adress Private company email adress Cleaning services and parking facilities Cleaning services and parking facilities 2.RAK Technology Park
Fax and mail handling services Fax and mail handling services Visa(s) Visa(s)
Shared fax number and P O Box Shared fax number and P O Box Office location buisness centre 5 Office location buisness centre 5
5 hours of free usage per week 5 hours of free usage per week Optional executive Furniture available at extra cost
Use on a prior booking basis Use on a prior booking basis
Parking facilites Parking facilites
Other Documents Required for company set up in RAK Free Zone
  • Application Form
  • Project description
  • Copies of passports of shareholders
  • Original Bank Reference Letter (for individual shareholders)
  • Brief profile of applicant (for individual shareholders)
  • Manager’s CV and Passport Copy

 

Other Charges for set up in RAK Free Zone
  1. One time Registration fee of AED 7000/-
  2. Annual Service Fee of AED 1200/-
Get in touch with us by clicking the button below to discuss details, questions and concerns regarding your company set up in RAK Free Trade Zone.
While every effort has been made to ensure that the most recent and pertinent information is available on this site, it is possible that some of this information may have changed after it was posted here. Please note that this information does not constitute legal or professional advice. Please write to us at admin@kpi-global.com for the latest information and appropriate advice.