Ras Al Khaimah FZ Company Formation – Company Setup in Ras Al Khaimah Economic Zone

Located in the very heart of Ras Al Khaimah, RAKEZ is a strong industrial center in the United Arab Emirates that offers diverse business solutions. RAKEZ allows for formation of offshore and onshore (free zone) companies.

Establishment of onshore companies implies possibility to obtain resident visas for members / employees, as well as their families, which is undoubtedly an advantage. Moreover, substance is created for onshore companies in the form of a leased office or a flexi desk / flexi office workplace. Office requirements for onshore companies may differ depending on the kind of license for a certain activity.

Key Specifics

• quick company registration;
• mandatory audit;
• lots of options in regard to offices and warehouses;
• good ranking among the banks;
• vast list of approved licenses and activities;
• regulated redomiciliation procedure to / from Free Zone available;
• minimum amount of the authorized capital is AED 10.000;
• no need to prove authorized capital payment to register a company.

Registration Procedure

1. Choose a company name to be checked for availability (at least 2 names)
2. Define a company structure (director, shareholders, and manager)
3. Define the company’s license type aligning with its activities
4. Choose your office type: Flexi desk, E-Office, Executive office
5. Providing documents for directors / shareholders / attorneys (either originals or notarized copies)
6. Pay all the necessary fees
7. Sign the corporate documents
8. Get the originals and the company seal

Types of Office

RAKEZ offers various office packages depending on clients’ necessities relating to the kinds and number of licenses, number of visas, need for substance and location in the free zone.

1. Flexi desk and flexi office are a separate premises or cell in an open space in first class business centers.

Kinds of licenses: commercial, service, general trade.

2. Office – isolated premises of 6.5 m² to 11.9 m².

Kinds of licenses: commercial, service, general trade.

3. Administrative office – isolated premises of 12 m² to 20 m².

Kinds of licenses: commercial, service, general trade.

4. Auxiliary premises – large office, which can be shaped to fit specific demands of the client, of 120 m² to 170 m².

Kinds of licenses: commercial, service, general trade.

5. Warehouse spaces – heat insulated warehouse spaces with offices having different areas, starting from 150 m². Suitable for all kinds of licenses.

6. Plot of land – land for development of at least 2.500 m².

Kinds of licenses: commercial, manufacturing, general trade.

The number of resident visas that are allowed to be obtained may vary depending on the office taken on lease by the company. So, for example, flexi desk implies possibility to obtain only one resident visa.

Registration Period

10 days

Types of Licenses Issued in the Free Zone

1. Manufacturing license allows the holder to conduct goods production business, including raw material import, processing, production, assembly, packing and export of finished goods.
2. General trade license allows the holder to trade in goods, including import, storage, warehousing, supply and export of permitted goods of different categories.
3. Commercial license allows the holder to trade in goods, including import, storage, warehousing, supply and export of permitted goods.
4. Service license allows the holder to provide the type of service stated in the license (for example, business consulting, marketing consulting, insurance and others).
5. E-Commerce license allows the holder to trade in goods and services by electronic means.
6. Education license allows the holder to provide educational services (organize educational institutions or consulting companies), including services in professional or management training.
7. Media license allows the holder to engage in TV broadcasting, radio broadcasting, newspaper and magazine publishing and event organization.
8. Individual / Professional license is issued to a company with one shareholder and allows it to conduct one activity within a narrow specialty.

To Register a Company:

The director can be an individual only (min – 1). The manager can be an individual (min – 1), UAE resident.

Both individuals and legal entities can be shareholders (min – 1, max – 50). The company must have one secretary – either an individual or a legal entity.

No requirements as to the residence of director, secretary, manager or shareholder(s).

One person can simultaneously act as shareholder, director, secretary, manager of the company.

The company’s name should be unique.

Registration is executed in the English language.