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  • Ras Al Khaimah Economic Zone (RAK EZ)

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SFM IN PRESS

Changes to UAE Policies on Business Ownership and Residency

28 June 2018

The United Arab Emirates, which previously did not allow 100% ownership of foreign business entities or long residency, recently changed both policies. In a move that’s delighted business leaders right across the board, the country’s cabinet announced the changes would come into effect at the end of the year.[..]

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Our approach to protect data

20 May 2018

Much echo is being given nowadays to the looming implementation of the new European regulations regarding the processing of personal data, the General Data Protection Regulation (GDPR), and not only in the European Union.[..]

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Ras Al Khaimah Economic Zone (RAK EZ)

Our Commitment

  1. Your Company in Ras Al Khaimah Economic 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 bank account including eBanking and debit card
Ras Al Khaimah Free Zone Company

Ras Al Khaimah Economic Zone Company Main Characteristics:

Company typeFree Zone Limited Liability
Governing corporate legislationRas Al Khaimah Economic Zone Authority
Information published relating to company officersCompany director names are not disclosed
ConfidentialityComplete confidentiality
Accounting requirementMandatory accounts and auditing
TaxationNo corporate or personal taxation
LegislationRas Al Khaimah Economic Zone Authority
Standard currencyUAE Dirhams pegged to USD
Time to form12 working days
CommunicationEfficient communication
Local sponsor requirementNot needed
Residence visa issuanceResidence Visa issuance is possible
Number of directors neededA 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 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.

* Please refer to our Terms & Conditions