RAK - UAE COMPANY FORMATION SERVICES
What is a RAK International Company and how to form it
Ras Al Khaimah International Company, or RAK IC Company* is ideal for businesses wishing to be registered in the UAE but not intending to conduct any business within the Emirates
Ras al-Khaimah (RAK, UAE) is one of the seven emirates that comprise the United Arab Emirates (UAE).
RAK (Ras Al Khaimah) is located on the eastern side of the Arabian Gulf. It is about an hours drive from Dubai and from Dubai airport. A little further away is the international airport of Abu Dhabi.
A brief history and geography
Why choose RAK and not another Emirate?
Cost and convenience
RAK Freezone companies are considerably cheaper to form than their equivalents in Dubai and the other Emirates.
It is possible to obtain visas for shareholders and employees however a personal visit to RAK is required.
Access to a wide range of DTA’s (double taxation agreements)
Free Zone companies and licences
FREE ZONE ESTABLISHMENT (FZE)
Single ownership company is referred to as FZE – Free Zone Enterprise, The oner must be an individual
FREE ZONE LLC (FZ LLC)
For two or more members/owners a FZ LLC is required – Free Zone LLC. The partners may be individuals, companies or a combination of both.
All Free Zone companies must apply for a business licence.
The most commonly used licences are
• CONSULTANCY / SERVICES
Allows your company to conduct services or consultancies across any industry
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.
• GENERAL TRADING
Allows your company to import, export, distribute, or warehouse goods. You can select from specific or general trading licences.
Allows your company to import raw materials, as well as to manufacture, process, package, and export finished products.
Allows your company to open media company.