RAK Freezone companies are not the same as typical IBCs (Belize, BVI etc.), they are resident companies. RAK Free Zone companies hold a relevant business licence and also allow the owners to work in the UAE. They are completely tax free and, being resident companies, enjoy full access to the various international double tax treaties signed with the UAE.
RAK Freezone companies are considerably cheaper to form than their equivalents in Dubai and the other Emirates.
RAK Freezone companies are easy and fast to form.
It is easy to obtain visas for investors and employees, however a personal visit to RAK is required to formalise the immigration file.
There is no public record of the directors and shareholders.
(Issued by RAK Investment Authority)
A single ownership company is referred to as an FZE – Free Zone Enterprise, the owner must be an individual.
For two or more members/owners, an FZ LLC is required – Free Zone Limited Liability Company. The partners may be individuals, companies or a combination of both.
All Free Zone companies must apply for a business licence on incorporation.
The most commonly used licences are:-
This licence allows your company to carry out consultancy services across any industry category.
Allows your company to import, export, distribute, or warehouse goods. The company is permitted 3 specific activities.
There are three further categories of licence for which conditions
are more onerous:
Allows your company to import, export, distribute, or warehouse goods.
Allows your company to import raw materials, as well as to manufacture, process, package, and export finished products.
This allows your company to open media company. Please be aware that this licence is onerous to obtain and legal advice may be required.
TMS FZE will help to incorporate your RAK Freezone company quickly & efficiently. You need to visit the UAE only once to set up your RAK company, as we will take care of all the necessary formalities on your behalf.
We offer competitive prices whilst providing a flexible and professional service.
We offer banking introduction both within the UAE and worldwide.
For the UAE we offer an introduction service, however a personal visit by each shareholder is necessary. We also offer introductions to a number of banks worldwide where no personal visit is required (remote opening).
Copyright © 2016 TMS FZE. All rights reserved. Licensed in RAK, UAE. Corporate Service Provider's Licence L1 04 15 427