The commercial and industrial nature of Ras Al Khaimah, supported by major logistical hubs such as RAK International Airport, interconnecting multi-lane highways and Saqr Port - the largest bulk port in the Middle East, offer access to a rich, multinational market of investment opportunities in almost every business sector. The major benefit that a RAKEZ company offers is the prospect to take advantage and do business in this vast UAE market without the complexities of incorporating a local onshore company. However, even if the local market is not of interest for your particular business, a RAKEZ company is undoubtedly an excellent solution for any business model, which provides stability and security as well as the possibility of obtaining a tax residence certificate in a reputable OECD white list, tax-friendly jurisdiction without foreign exchange controls or bureaucratic regulatory requirements.

Full Package from €4,000 Per Year

Tax Residence, Offices, Substance and Immigration

The government of the UAE has long begun to create a solid infrastructure for securing a healthy flow of foreign investors by offering a straightforward and simplified structure for substance and residency possibilities in the country. In order for a RAKEZ company or its investor to take advantage of the tax incentives and tax treaties signed with over 100 countries worldwide, the company must obtain a local tax residence certificate, simply by filling its audited financial statements and demonstrating adequate physical presence in the UAE, which, unlike in many other countries, is easily attainable and most importantly fully supported by the local government and registered agents. For example, Ras Al Khaimah offers a limitless amount of customizable and affordable all-inclusive packages for office solutions suited for any business size or type with a wide range of options from small serviced office desks to immense luxury office buildings with secretarial services, advanced IT/telecommunications infrastructure, 24/7 security and free cleaning and maintenance services. Larger businesses have the possibility to build up land for business premises and manufacturing facilities, rent warehouses and housing for employees. Similarly, by incorporating a RAKEZ company and securing an office space, the investor, manager and any employees are entitled to apply and obtain an employment residence permit valid for two or three years in just five working days, allowing them to reside and operate their business in the country, without the need for endless paperwork and frequent nerve-wrecking immigration visits, that most other countries have accustomed us to. It is worth noting however, that employment permits will be annulled if the holder does not enter the UAE for more than 180 consecutive days in the case of employees and more than 12 months in the case of investors and though no age restrictions are set for investors, employees will only be issued employment visas if aged from 21 to 60 years old. Furthermore, the number of employment permits granted to a company will depend on the size of its office (1 visa for every 9m²).

Company Formation in RAKEZ

The incorporation of a company in RAKEZ, is a relatively quick and straightforward procedure that our firm, as a licensed registered agent for RAKEZ and RAKICC can complete in just under one week. Our UAE experts can also apply for all the relevant licenses that your business activity will require and can assist you with obtaining immigration permits for you as the investor as well as your company’s employees. The RAKEZ regulatory body constantly updates various offers on registration and annual license renewal packages, so please contact our firm and our staff will advise you on current promotions and recommend how you can save on your business maintenance costs. For the best value for money option and ultimate asset protection, we also strongly recommend that you read about the Premium Product solution offered by the Ras Al Khaimah, with which you can build the perfect fail-proof corporate structure at the price of a single company. Furthermore, our firm can also provide you with a full spectrum of services for the administration and book-keeping of your company, including local director and management services as well as assist you with the preparation of a solid compliance portfolio, that will be crucial for your bank account opening in the UAE.

That little bit of extra luxury in the UAE An All-inclusive Concierge Service

Moreover, our firm offers its clients the possibility to order an all-inclusive concierge service with an airport pick-up by one of our experienced employees who will personally take all the necessary steps to obtain your rental agreement for your place of residence and office premises, collect necessary due diligence such as utility bills, arrange and drive you for your medical examinations, and accompany you to the local immigration department for obtaining your investor card and local ID. Please note that you cannot leave the UAE before the finalization of the process and obtaining your residence permit. If you also plan on opening a local bank account, our employee can also accompany you to your meeting with your financial institution of choice and our firm will prepare all the necessary documentation, compliance portfolio and account opening forms in advance to make this process as smooth and successful as possible. There are three options when it comes to registering a company in RAKEZ – The RAKEZ Free Zone Company, The RAKEZ Non-free Zone Company and The RAKEZ Mid-shore Company. The corporate features table below illustrates the differences and particularities of each one.

Corporate Features of RAKEZ Companies

For more information on Ras Al Khaimah or a free consultation on how a UAE company can benefit your business and which entity type best suits your needs, please feel free to Contact us at any time and our corporate team will promptly address your request.