• +971589705959

Free Zone Company Setup in Ras Al Khaimah

Free Zone company setup in Ras Al Khaimah  means an effective point of geographic advantages since it is situated on the most northern part of UAE and closer to the borders of Iran while having the strait of Hormuz in the middle. The list of Free Zones in Ras Al Khaimah:

- Ras Al Khaimah Economic Zone (RAKEZ)

- RAK Maritime City Free Zone Authority (RMCFZA)

- Ras Al Khaimah Investment Authority

- Ras Al Khaimah Free Trade Zone

- Ras Al Khaimah Media Free Zone

The Advantages of Setting up a Free Zone Company in Ras Al Khaimah

  • No restrictions on foreign ownership;
  • Own 100% ownership of your business;
  • No hassle of employing local sponsor or an agent;
  • No Tax on Income and Profits;
  • No Tax on Capital & Profit Repatriation;
  • Wide range of licensable activities;
  • Wide range of facilities and infrastructure (warehouse, commercial offices, retail licenses and many more);
  • Easy and cheap company registration procedure;
Free Zone Company Setup in Ras Al Khaimah

Procedure of Setting Up a Free Zone Company in Ras Al Khaimah

Step 1:

Select the type of legal entity: 

i.Free Zone Limited Liability Company (FZ LLC), or a Free Zone Company (FZ Co.).

ii. Free Zone Establishment (FZE)

iii. Branch or Subsidiary of a foreign or local Company 

Step 2:

Choose a name for the company. 

There are a number of factors to consider before choosing a name:

-     The connection of the name with the company’s activity;

-      Is the name already taken (protected by copyright);

-      Restriction on the use of obscene or indecent words or even the use of location in the company name;

-        No use of God’s name or any of his divine attributes;

-    Should not contain any political indication as well as religious;

Step 3: Set your business activity

It is to be noted that, getting the license is heavily dependent upon your business type.

Step 4: Licensing

After the successful registration of your company, you will get the license. There are different types of licenses in the UAE free zones:

- General Trading License

- Commercial License

- Industrial License

-    Consultancy License

Step 5: Choose an office space

The requirement of choosing an office space fully depends on the type of the business activity and the number of employees.

Step 6: Apply for initial approval

You are required to provide the following documents:

  • Completed application form
  • Business plan
  • Copy of existing trade licence/registration certificate (if you are an existing company, applicable for local company only)
  • Coloured passport copies of the company's shareholder/s and the appointed Manager/Director for the new company
  • Specimen signature of the company's shareholder/s and the appointedManager/Director for the new company
  • 2 years' audited financial reports for corporate entity or certificate of reference from a personal bank of the individual shareholder
  • NOC from current sponsor (for individuals)
  • Unit title deed
  • Letter of Intent
  • Registry Identification Code Form (RIC) for Manager/Director (Original and notarised)

Step 7: Company registration

Once you get the initial approval, you need to register your company. Registration requires tp pay and submit the following documents:

  • Completed application for registration
  • Board Resolution appointing Manager/Director (Notarized and attested)
  • Power of Attorney given to Manager/Director (Notarized and attested)
  • Memorandum and Articles of Association (Notarized and attested)
  • Specimen signature of Manager/Director (Notarized and attested)
  • Passport-size photo of Manager/Director against white background
  • Share capital information

Step 8: Get your Business

License After the successful registration of your company, you will get the license.

Step 9: Open a Bank Account

- Business profile

- Office Lease agreement

- License

- Memorandum of Association, Articles of Association and Certificate of Incorporation

- Passport Copy and Residence Visa

Procedure to set up Branch/subsidiary for a company in Ras Al Khaimah, UAE

If you want to set up Branch/subsidiary for a company then you will require the following documents as follows:

- Application form

- Ultimate Beneficial Owner Declaration

- Passport Copy of Manager

- Passport size photograph of the Manager

- Proof of Address of Manager

- Memorandum of Association and Articles of Association - Certificate of Incorporation

- Board Resolution & Power of Attorney

- License (if applicable)

- The branch documents should be Legalized & Attested by UAE Embassy or Consulate where parent company exist.

Reach out now!

We’re available for 8 hours a day! Contact to require a detailed analysis of your situation and receive quote as per your requirement.