United Arab Emirates - Ras Al Khaimah (RAK) Company Incorporation

RAK International Company

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:

  • Directors and shareholders are not listed in a public register
  • Although the Registrar has to be aware of the identity of the ultimate beneficial owner this will only be released if the courts rule that crime was involved
  • No requirement to publish annual accounts
  • Compared to other types of companies in the UAE, the RAK company allows the highest degree of confidentiality, and is the most flexible

Incorporating a RAK Company

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

  • Advantages of the RAK Free Trade Zone:
  • 100% tax exemption, 100% foreign ownership
  • Transparent laws and regulations
  • 100% capital & profit expatriation.

Offshore Setup

This setup gives you 100% ownership. Your company cannot do any business within UAE, only international trading is allowed.

LLC Setup

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.

Free Zone Setup

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:

  • Ras Al Khaimah (RAK) Free Trade Zone
  • Ajman Free Zone
  • Dubai Jebel Ali Free Zone (JAFZ)
  • Dubai Jumeirah Lakes Towers Free Zone (JLT)
  • Dubai Multi-Commodities Centre (DMCC)
  • Dubai World Central Free Zone (DWC)
  • Hamriyah Free Zone
  • Fujairah Free Zone

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.

Incorporating in the Dubai Multi-Commodities Centre (DMCC)

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.

Key Benefits

  • 100% foreign ownership permitted
  • No corporate tax (Guaranteed for 50 years)
  • No personal income tax (Guaranteed for 50 years)
  • Able to apply for resident and/or employment visas
  • Exemption from all import and export duties
  • Wide range of business activities permitted for a company registered in the DMCC
  • No currency restrictions
  • 100% capital repatriation
  • No publicly accessible records
  • General meetings may be held anywhere
  • No disclosure of beneficial owners
  • No currency exchange controls

UAE Licensing

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.

Incorporation Process

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.

Stage 1

This first stage begins puts things in place in order to start the incorporation process.

  • Company name reservation form must be completed
    • Can be done online
    • Once the name is approved it can be reserved for 60 days, in which time the company can be incorporated
  • Supply passport copies of shareholders, director and company officers
    • Applicable for UAE residents

Stage 2

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.

  • Complete a licence application form
  • A Know Your Clients (KYC) form for each director, shareholder and officer must be completed and signed
  • Business plan is sometimes required, depending on the business activities
  • Supply original passports of each shareholder, director, officer or legal representative accompanied by a UAE visa
    • Visa page must be signed by DMCC Member Services Executive or must be notarised to prove authenticity
  • Letter of No Objection is required from existing shareholder, director, officer or legal representative - only necessary if holding UAE visa from another sponsor.
  • Specimen signatures form must be completed by each shareholder, director, officer and secretary.
    • This form must be signed in the presence of a DMCC Member Service Executive or be notarised
  • Proof of permanent physical address for each director, shareholder, officer and secretary
    • For example a utility bill
    • Not older than 6 months
  • Complete and file a shareholders' resolution
    • Must be signed in the presence of a DMCC Member Services Executive or notarised
  • Prepare and file Memorandum and Articles of Association
    • These documents must be prepared by DMCC and then signed in the presence of a DMCC Member Service Executive or notarised by a public notary
  • New company undertaking letter must be completed
  • Payment to the DMCC for registration

Stage 3

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.

  • Provide one of the following
    • Property lease agreement of property within the DMCC - Original document is required for verification by a DMCC Member Services Executive
    • Evidence of property ownership - must be in company name, must note size of property and be valid for a minimum of 12 months
    • DMCC Flexi Desk contract
  • Provide the Certificate of Conformity
  • Third party approvals from relevant authority - only required for certain industries

Stage 4

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.

  • Provide bank share capital deposit letter
    • Must be provided within 3 weeks from licensing
  • Sample company letterhead with stamp
    • Must include new DMCC company name
  • Share certificates with company stamp
  • Letter appointing an external auditor
    • Must be provided on auditor company letterhead

Fees & Costs

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.

  • Annual company licence fee AED 20,010 (€4,050)
  • One-off registration charge AED 10,010 (€2,025)
  • Memorandum of Association charges AED 2,010 (€400)
  • Administration charges AED 210 (€40)

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.

Company Name

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.

Directors

  • Directors may be of any nationality
  • Only one director is required
  • The names of directors do not appear in public records

Shareholders

  • Shareholders may be of any nationality
  • Only one shareholder is required who may be the same person as the director
  • The shareholder can be a person or a corporation

Share Capital

There is no minimum share capital required and any capital may be expressed in any currency.

Registered Office

You must have a registered agent and registered office in the UAE and we can provide this service.

United Arab Emirates - Ras Al Khaimah (RAK) Company Formation

  • Reserving your Company Name
  • Liaising with the local registrar and relevant authorities
  • Structuring the company as per your requirements
  • Prepare your Company Registration Forms
  • Drafting the Articles of Association / Statutes
  • File the documents with the Companies Registry
  • Appoint the Directors
  • Minutes appointing first Directors
  • Preparation of the first minutes of Board Meeting
  • Initial Government licence fee payable on incorporation
  • Certificate of Incorporation
  • Issue of shares and production of Share Certificates
  • All documents and certificates supplied in a professional folder
  • Delivery of documents by Fed Ex / DHL courier
  • Provision of a Company Secretary for one year
  • Communications management with authorities

Company Incorporation Documents

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.

Registered Office

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.

Company Directors and Shareholders

  • Directors and Shareholders may be of any nationality
  • The names of directors and shareholders are filed at the companies registry
  • There is no requirement to appoint a United Arab Emirates resident director
  • The shareholders of the United Arab Emirates company can be either corporations or individuals

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 LLC Incorporations

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.

Company Name

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).

Directors and Shareholders

  • Directors may be of any nationality.
  • As a non-resident you can only control a maximum of 49% of the shareholding. 51% of the shareholding must be owned by UAE national (Local Sponsor).
  • The number of directors may not exceed 50 but there is no maximum number of shareholders.
  • Only a single director and single shareholder is required to incorporate in UAE.
  • Each shareholder shall only be liable to the extent of his share in the capital.
  • director(s) and shareholder(s) is entitled to attend the general assembly irrespective of the number of shares he owns. He may delegate another partner who is not a manager to represent him by proxy at the assembly.

Share Capital

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.

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Ask System Day
only required if you wish us to call you back
UAE fees to Incorporate
  • Time - 2 days to incorporate your UAE company
  • Company Formation - £1600
  • Registered Office Fee - £1200
UAE Advantages
  • Share Capital - there is a minimum share capital requirement of AED 50000
  • Directors - only 1 director of any nationality is necessary for your company
  • Shareholders - only 1 shareholder is required
  • Registered Office - your company requires a registered office and registered agent, which we can provide
  • Support - using our 20 years experience we guide you throughout every step of the company formation proces