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SFM IN PRESS

Now is the right time for re-domiciliation in the UAE

2 July 2020

Why is now the perfect time to consider domiciliation for the UAE? [..]

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Essential things you need to know about VAT registration in the UAE

8 April 2020

Value added Tax or VAT was introduced in the UAE on 1st January 2018 at the rate of 5% [..]

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Ras Al Khaimah Economic Zone (RAK FREE ZONE)

Our Commitment

  1. Your Company in Ras Al Khaimah Free Zone formed within 12 working days *
  2. Competitive and transparent pricing
  3. Complete confidentiality
  4. UAE Residency Visa for you and family members
  5. Setting up your company with a RAK Free Zone bank account including eBanking and debit card
Ras Al Khaimah Free Zone Company

Ras Al Khaimah Free Zone Company Main Characteristics:

Company type Free Zone Limited Liability
Governing corporate legislation Ras Al Khaimah Economic Zone Authority
Information published relating to RAK FZ company officers Company director names are not disclosed
Confidentiality Complete confidentiality
Accounting requirement Mandatory accounts and auditing
Taxation No corporate or personal taxation
Legislation Ras Al Khaimah Economic Zone Authority
Standard currency UAE Dirhams pegged to USD
Time to form 12 working days
Communication Efficient communication
Local sponsor requirement Not needed
Residence visa issuance Residence Visa issuance is possible
Number of directors needed A minimum of one director

Types of Establishments:

New Establishments:
  • Free Zone Establishment - a new business entity with a sole business owner.
  • Free Zone Company - a new business entity with 2-5 partners.

Branches:
  • Local Branch. A branch of a domestic firm operating in the UAE. The parent company should be at least a year old.
  • Foreign Branch. A domestic branch of a foreign firm from outside the UAE. The parent company should be at least a year old.

Types of RAK Free Zone Business License:
  • Commercial License - Import, export, distribution or warehousing of goods (two activities must be specified).
  • General Trading License - Import, export, distribution or warehousing of goods (general activities).
  • Consultancy/Services License - Any type of management, marketing, academic, real estate, logistics or industrial consulting.
  • Industrial License - Import of raw materials, manufacturing, processing, assembling, packaging and export of finished products.


Click on the freezone area you want to learn more about, or visit our freezones page for a full comparison:

* Please refer to our Terms & Conditions