Ras Al Khaimah Free Trade Zone (RAKFTZ)

Ras Al Khaimah, United Arab Emirates

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Official Name:

Ras Al Khaimah Free Trade Zone (RAKFTZ)

Website:

https://www.rakftz.com

City:

Ras Al Khaimah

Country:

United Arab Emirates

Share Capital:

1,000 AED / 272 USD Upfront

Office Requirements:

Flexi

PO Box:

Optional

Services (includes consultancy, etc.):

Yes

Trading (includes trading activity):

Yes

General Trading:

Yes

Audited Financial Reports:

No

Industry Focus:

Cost of Setup:

22,445 AED / 6,107 USD

Starting Cost of Renewals:

22,445 AED / 6,107 USD

Visa Types

Type:

Time Duration:

Visa Time Duration Before Renewal Required:

Minimum Number of Visas Possible:

Maximum Number of Visas Possible:

Maximum Number of Shareholders:

5

Freelancer Option:

No

Office Presence is Mandatory:

No

Documents Required to Setup a Company :

  • Application for Registration & Licence.
  • Business Plan.
  • Application for Registration & Licence Business Plan Documents of the Shareholder(s): Colour passport copy including visa (for UAE residents) and signature pages; Specimen Signature Form; Power of Attorney appointing a representative/general manager (if applicable) (Notarised by a notary public in the UAE or notarised and legalised up to the level of the UAE Embassy); Documents of the Director(s): (if applicable) Colour passport copy including visa (for UAE residents) and signature pages; Specimen Signature Form; Documents of the General Manager: Colour passport copy including visa (for UAE residents) and signature pages; Specimen Signature Form; Original No Objection Certicate (NOC) from sponsor (if holding a UAE residence visa); Academic qualification certificate in the requested activity (if applicable) (Notarised and legalised up to the level of the UAE embassy).

SUMMARY :

Established in 2000, Ras Al Khaimah Free Trade Zone (RAKFTZ) is the home to more than 8,600 companies from over 100 countries, representing more than 50 industry sectors. The free zone is within easy reach of Sharjah International Airport and the business hub of Dubai.

RAKFTZ is made up of four main parks – Business Park (corporate and business), Industrial Park (industrial and heavy machinery), Technology Park (trading and light manufacturing) and Academic Zone (educational institutions). Ras Al Khaimah Free Trade Zone is open to new Free Zone Establishments and Free Zone Companies as well as branches of local and foreign businesses. There are several licence types available: commercial, consultancy / service, industrial and educational. The free zone’s facility packages are just as varied. Entrepreneurs and business owners can choose from flexi-desks; serviced, shell and core and executive offices; warehouses; and industrial land.

The emirate of Ras Al Khaimah is known for its strong and diverse economy and has the highest level of industrialisation in all of the UAE. Businesses that set up here also benefit from low cost of doing business – 25% to 50% lower than the UAE average.