New Version GO
X
Choose country

UAE RAK - Free Zone Formation Key Information

Updated time: Sep 25, 2018 , 17:04 (UTC+08:00)

UAE RAK - Free Zone

General
Type of Business Entity FZC/ FZE
Type of Law Hybrid
Our time to establish a new company 2 weeks
Corporate Taxation Nil
Double Tax Treaty Access Yes
Share Capital or Equivalent
Standard currency AED
Permitted currencies Any
Usual Minimum issued N/A
Usual authorised N/A (*)
Directors or Managers
Minimum Number 1
Local required No
Publicly accessible records No
Location of meetings Anywhere
Company Secretary
Required Yes
Local or qualified Yes
Accounts
Requirement to prepare Yes
Audit requirements Yes
Requirement to file annual return Yes
Publicly accessible accounts No
Others
Eligibility for UAE Resident Visa Yes (number of Visas depend of Office Size)
Permitted Physical Office Yes
Doing business within UAE Yes
Business Licenses Required Yes

(*) For normal business activities there is no requirement for share capital. However for some business activities share capital of AED 50.000 to 100.000 will be required to be deposited in the company bank account before the issue of the license. Once the trade license is issued, the entire share capital can be withdrawn or used as working capital.


Related Countries

  1. Anguilla - IBC
  2. Bahamas - IBC
  3. Belize - IBC
  4. Belize - LLC
  5. British Virgin Islands - BC
  6. Cayman Islands - Exempt Private Limited
  7. Cayman Islands - LLC
  8. Cyprus - Private Limited
  9. Delaware - LLC
  10. Delaware (C - Corp or S - Corp)
  11. Gibraltar - Private Limited
  12. Hong Kong - Private / Public Limited
  13. Jersey - Limited
  14. Liechtenstein - AG
  15. Liechtenstein - Anstalt
  16. Luxembourg - Commercial
  17. Luxembourg - Soparfi
  18. Malta - Private Limited Liability Company
  19. Marshall Islands - IBC
  20. Marshall Islands - LLC
  21. Mauritius - GBC1
  22. Mauritius - GBC2
  23. Netherland - Private Company (BV)
  24. Nevis - LLC
  25. Nevis - NBCO
  26. Panama - Non Resident
  27. Samoa - IC
  28. Seychelles - IBC
  29. Singapore - Exempt Private Limited
  30. St. Vincent and the Grenadines - IBC
  31. Switzerland - LLC (GmbH)
  32. UAE - Dubai Free Zone (DMCC)
  33. UAE RAK - IBC
  34. United Kingdom - LLP
  35. United Kingdom - Private Limited
  36. United Kingdom - Public Limited
  37. Vanuatu - IC