RAS AL KHAIMAH

Ras Al Khaimah Free Zone

Established in 2000, RAK Free Zone is home to 8000+ businesses originating from 100+ countries across the world. The companies registered in the RAK Free Zone are engaged in more than 50 types of businesses. RAK Free Zone is able to attract a vast number of investors due to its low cost of living and lower business expenses and costs, which result into more profits for the businesses. Moreover, RAK Free Zone is situated in close proximity to Dubai.

Advantages of company formation in RAK Free Zone

  • 100% tax exemptions on operations.
  • Complete company ownership
  • Local sponsor is not required
  • Discreet in terms of information on taxes
  • Fast track company registration process (provided that all documents have been submitted)
  • Annual audit is not required

Types of Licenses:

  • Industrial License: It is issued to foreign/UAE companies/Free Zone Entities that wish to carry out production of goods in the Free Zone.
  • Commercial License: This type of license authorizes the import, export, distribution and storing activities, as specified in the license.
  • Professional Service License: It is issued to foreign/UAE companies/Free Zone Entities who seek permission to carry out the business of providing professional services in the Free Zone.
  • General Trading License: This type of license allows the licensee company to conduct a wider range of trade activities and entitles it to do trade in any commodity permitted within the U.A.E. This is the most popular trading license that international traders opt for because of its coverage of almost all categories of products except for tobacco, alcohol, pharmaceuticals and crude oil.

Permitted Legal Entities in Ajman free zone

Free Zone Establishment (FZE)

1 shareholder

FZE is an entity that is formed and registered in Ajman Free Zone. It is regulated by the Free Zone Authority in accordance with the Amiri Decree No. 3 of 1988 (amended by the Amiri Decree No. 3 of 1996). These establishments enjoy a provisions as separate legal entities and they can be 100% owned by either a person or a corporate body. Such entities must have a capital approximately equivalent to US $50,000. The liability of the business owner is limited to the amount of his share capital.

Required Documents

  • Proposal of 5 names
  • A copy of the passport, valid for at least 6 months.
  • Copy of Entry visa stamp (or) entry visa copy (or) residence visa copy (or) cancelled visa documentation (whichever is applicable).
  • 10 colour passport size photographs of the applicant with white in the background
  • No Objection Letter provided by the sponsor
  • A 2-page synopsis of the business plan for professional or e-commerce license or 1 paragraph describing the nature of the business it is involved in commercial trading or general trading.
  • Application Form

Free Zone Company (FZC)

2+ shareholders but not more than 4

Licences under this class are issued to companies that are incorporated in the Free Zone in accordance to the Amiri Decree. Such companies enjoy a separate legal identity and the owner is liable only for the value of the paid up capital.

Required Documents

  • Proposal of 5 names
  • A copy of the passport that is valid for at least 6 months from the date of making an application.
  • Copy of Entry visa stamp (or) entry visa copy (or) residence visa copy (or) cancelled visa documentation (whichever is applicable).
  • 10 colour passport size photographs of the applicant with white in the background
  • No Objection Letter provided by the sponsor
  • A 2-page synopsis of the business plan for professional or e-commerce license or 1 paragraph describing the nature of the business it is involved in commercial trading or general trading.
  • Application Form

Branch of a foreign Company (BFC)

Licences under this category are issued to companies that are registered outside the U.A.E. It is mandatory for the company to have 100% foreign ownership and the sales have to be made through a registered agent or a distributor in U.A.E. The activity could involve commercial, industrial or professional services.

Documents required

  • A copy of the passport of the representative or manager of the company, valid for at least 6 months.
  • Copy of Entry visa stamp (or) entry visa copy (or) residence visa copy (or) cancelled visa documentation (whichever is applicable).
  • 8 colour passport size photographs of the applicant with white in the background
  • Registration Certificate issued by the competent authority of the country where the company is originally registered.
  • A copy of the contract of association of the company
  • A copy of the resolution issued by the competent authority permitting the company to carry out activities in the Free Zone
  • Copy of a duly attested Power of Attorney (PoA), appointing a representative or a manager.
  • A 2-page synopsis of the business plan for professional or e-commerce license or 1 paragraph describing the nature of the business it is involved in commercial trading or general trading.
  • Application Form

Branch of a UAE Company (BLC)

Licences under this category are issued to companies already holding a valid licence from any other UAE licensing authority except for the authorities associated with other Free Zones.

Documents required

  • A copy of the passport of the representative or manager of the company, valid for at least 6 months.
  • Copy of Entry visa stamp (or) entry visa copy (or) residence visa copy (or) cancelled visa documentation (whichever is applicable).
  • 10 colour passport size photographs of the applicant with white in the background
  • The original Trade License
  • The original Membership Certificate issued by the Chamber of Commerce
  • The original Commercial Registration Certificate
  • A 2-page synopsis of the business plan for professional or e-commerce license or 1 paragraph describing the nature of the business it is involved in commercial trading or general trading.
  • Application Form

How to Set Up a Company in Dubai

For more details call us at +971 523604925 or e-mail at info@wembleybusinessmen.com

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