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RAK FZ COMPANY FORMATION

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VAT in the UAE

12 February 2017

As announced in February 2016 by the UAE Minister of State for Financial Affairs, His Excellency Obaid Humaid Al Tayer, the UAE will introduce a Value Added Tax (VAT) of 5% beginning January 1, 2018. The six other states that make up the Gulf Cooperation Council (GCC) region will also be implementing a VAT during this time and/or by January 1, 2019 at the latest [...]

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UAE Free Zones – The Key for Fulfilling Economic Substance Requirement

1 September 2016

Incorporating in the UAE offers the leverage to foreign businesses to keep up with the requirements of tax authorities for economic substance through its free zone (FZ) structures. Businesses of any size can now take the opportunity to locate their business functions in the UAE and benefit from substantial tax savings, while satisfying the criteria for economic substance. [...]

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RAS AL KHAIMAH FREE ZONE (RAK FZ)

Ras Al Khaimah Free Zone Company

Our commitment

  • Your Company in Rak Free Zone in 12 working days. *
  • A very competitive price, in complete transparency.
  • Complete confidentiality.
  • UAE Residency Visa for yourself and family members.
  • Your company with a bank account, including eBanking and debit card.
Contact us to register your company

Ras Al Khaimah Free Zone Company main characteristics:

Company type
Free Zone Limited Liability
Governing corporate legislation
Ras Al Khaimah Free Trade Zone Authority
Information published relating to company officers
No company directors names are disclosed
Confidentiality
Complete confidentiality
Accounting requirement
Accounts and auditing are required
Taxation
No corporate or personal taxation
Legislation
Ras Al Khaimah Free Trade Zone Authority 
Standard currency
UAE dirhams pegged to USD
Time to form
12 working days
Communication
Efficient means of communication
Local sponsor requirement
Not needed
Residence visa issuance
Residence visa issuance is possible
Number of directors needed
Minimum 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 owned by two - five partners.

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

Types of 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 good (general activites).
  • 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.
* Please refer to our Terms & Conditions