The RAK International Companies Registry allows foreign investors to register offshore companies as RAK Offshore, a division of RAK Investment Authority without the need for a physical presence in the UAE. RAK companies offer some outstanding advantages over other offshore companies:
After you have submitted the name of your RAK Company to us, we submit an application and proposed company name for an initial approval. We then draft the company's Memorandum of Association and have it notarised. Deposit the share capital in a bank and obtain a certificate and submit the documents. File company documents and obtain copies of Trade licence and Commercial Registration Certificates. Deliver the copies of the documents and register. Ras Al Khaimah Free Trade Zone is one of the fastest growing, most cost-effective free zones in the UAE..
RAK Free Trade Zone offers the following licenses :
Commercial License : Export, Import, distribution or warehousing of goods. You are allowed to have two different activities or seven similar activities
General Trading : Export, Import, distribution or warehousing of goods. You are allowed to have more than seven different activities
Consultancy License : any type of management , marketing, academic, business or industrial consultancy
Industrial License : Import of raw materials , manufacturing , processing, assembling , packaging , export of finished products
This set-up gives you 100% ownership. Your company cannot do any business within UAE, only international trading is allowed.
If you plan to do retail business within the UAE and globally the LLC setup is required. This setup requires a local sponsor - a UAE national, who has a 51% shareholding in your company.
Incorporating a company in one of the many UAE free zones carries many benefits but are only licenced to operate within the zone in which the company is registered.
The 8 free zones are:
We specialise in incorporating companies in the Dubai Multi-Commodities Centre (DMCC) and the Dubai Jumeirah Lakes Towers Free Zone (JLT). Incorporating in a free zone provides 100% ownership and no requirement for a local sponsor.
The DMCC offers substantial benefits over other Free Zones regarding the incorporation process as it offers a one stop shop in house incorporation so that registration, incorporation, licensing, visas and all other related government services are administrated by the same governing body.
All companies registered in the UAE must obtain one of the following three licences depending on the business activities.
Trade Licence - This licence allows the entity to practice any trade activity through buying or selling goods and services. For example, wholesalers, banks, insurance companies, hotels and transport.
Industrial License - The entity is licenses to practice any form of investment activity with the objective to discover natural resources or to transform raw material into manufactured products.
Professional License - The entity is licences to practice any profession in which the activities depend on physical or mental efforts rather than depending on cash capital. For example auditing forms, business consultancy, medical services and educational services.
The DMCC is a prestigious Free Zone in the UAE and the process of incorporation consists of four stages. Once all four stages are complete the company is fully registered and incorporated in the DMCC Free Zone of the UAE and authorised to start conducting business activities.
This first stage begins puts things in place in order to start the incorporation process.
The second stage is the company registration process and after completed, the company will be registered with the DMCC Companies Registry. Upon completion of the following items the DMCC registry will issue the Provisional Approval and Bank Letter.
All companies are required to have a licence in the DMCC. When the items below are completed the DMCC registry will issue the Company licence, Memorandum and Articles of Association, Share Certificates, Certificate of Registration and other statutory company documents.
Once the business licence has been issued the following items must be completed. Once this stage is complete the company is fully incorporated in the DMCC and authorised to begin conducting business activities.
Fees payable to the UAE government are expensive, with the government fees alone totaling AED 32,240 (€6,500).
Example fee structure payable to the UAE government for incorporating in the DMCC.
The annual company licence fee of AED 20,010 is payable every year the company is incorporated and, starting from the second year after incorporation, an annual administration fee of AED 5,000 (€1,000) is payable to the government.
Your company name may be in any language provided a translation is approved first. Your company name must contain the suffix: Limited or Ltd. Name approval process takes less than a few hours, and your name may be reserved for up to 10 days.
There is no minimum share capital required and any capital may be expressed in any currency.
You must have a registered agent and registered office in the UAE and we can provide this service.
Once incorporated we provide a set of corporate documents for your United Arab Emirates company which, includes the Certificate of Incorporation, Memorandum of Association the Articles of Association, first minutes and share certificates. Copies of the company incorporation documents are sent via email and the originals from the companies registry are sent to you in a corporate folder.
Your United Arab Emirates company must have a registered office, which must be a physical address in United Arab Emirates. The registered office is where documents may be legally served on the company, we provide this registered office service in United Arab Emirates.
To start the incorporation of your United Arab Emirates company we initially only require, the proposed company name, details of the company directors, shareholders and the proposed activities.
Abu Dhabi is the largest Emirate in the United Arab Emirates and possesses 95% of total oil reserves of the United Arab Emirates. It houses important offices of the federal government and is the seat for the United Arab Emirates government. Abu Dhabi is home to important financial institutions such as the Abu Dhabi Securities Exchange, The Central Bank of the United Arab Emirates and the corporate headquarters of many companies and numerous multinational corporations.
The name of the LLC shall be derived from its activity or from one or more names of its directors/shareholders in addition to a notation indicating its status as a LLC company. The trade name must contain an abbreviation depicting the legal status of the establishment, such as (WLL or LLC).
The capital of a limited liability company must not be less than one hundred and fifty thousand Dirhams (£26,580) and should be comprised of equal shares of a minimum value of one thousand Dirhams each.