Looking for assistance with Incorporating Your Company in Ras Al Khaimah Economic Zone (RAKEZ)? Get in touch with us today.
We can help you with Incorporating Your Company in Ras Al Khaimah Economic Zone (RAKEZ). Contact the team at CBD today.
Introduction to RAKEZ Company Formation
As the flourishing home of over 21,000 companies, The Ras Al Khaimah Economic Zone (RAKEZ) is a key business hub in the UAE, known for its strategic location, competitive cost structures, and diverse business offerings. RAKEZ provides a flexible and supportive environment for a wide range of industries, from manufacturing to services.
This guide offers a comprehensive overview of the process for incorporating a company in RAKEZ, including the types of entities available, the registration procedure, and the benefits of setting up in this vibrant economic zone.
Types of Entities in RAKEZ
RAKEZ supports various business structures, each designed to suit the different needs of a business. Here’s an overview at the entity types available:
- Individual Establishment
An Individual Establishment in RAKEZ is a non-free zone entity for a sole owner, which is most suitable for small start-ups. This business is not under the infrastructure of a free-zone business, and the owner is not a separate legal entity to the business.
- Limited Liability Company (LLC)
An LLC in RAKEZ is a business that has been legally incorporated under the laws of the land, DMCC Regulations and Free Zone rules. This legal entity requires at least 2 shareholders and at maximum 50. It is separate from its shareholders and benefits from limited liability.
- Free Zone Limited Liability Company (FZ-LLC)
A FZ-LLC is a legal entity for at least 1 shareholder and a maximum of 50. is suitable for multiple shareholders and provides 100% foreign ownership with limited liability.
- Local/Foreign Branch
A Local/Foreign Branch in RAKEZ can be established by a parent company to conduct business activities while not being a separate legal entity to the parent company, this enables the advantage of businesses to expand its operations in RAKEZ’s enticing business environment
Registration Procedure
Incorporating a company in RAKEZ involves several steps. Here’s a comprehensive overview of the registration process:
- Select the Entity Type
Determine the most suitable entity type based on your business needs and objectives.
- Prepare Documentation
Gather and prepare the necessary documentation, including the application form, a business plan, copies of shareholder passports, and proof of address.
- Submit Application
Submit the completed application along with required documents to the RAKEZ Authority. The application will be reviewed to ensure compliance with RAKEZ regulations.
- Pay Fees
Pay the applicable registration fees, which vary depending on the entity type and business activities. These fees cover licensing, registration, and other administrative expenses.
- Receive License
Upon approval and fee payment, you will receive the commercial license and other necessary certificates to start your business operations in RAKEZ.
Benefits of Setting Up in RAKEZ
Setting up a company in RAKEZ offers numerous advantages:
- Strategic Location: Located in Ras Al Khaimah, providing easy access to regional and international markets.
- Cost Efficiency: Benefit from competitive pricing structures and cost-effective business solutions.
- Tax Benefits: Enjoy 0% corporate tax, no import or export duties, and full profit repatriation.
- Flexible Infrastructure: Access a range of flexible office solutions and business services tailored to various industries.
- Regulatory Support: Operate under a streamlined regulatory framework designed to meet international standards.
How CBD Formations Can Assist
For professional support and guidance on RAKEZ company incorporation, consult with us to ensure a smooth and efficient setup process. Contact us at: enquiries@cbdcorporateservices.com for personalized assistance and further details.