Ingenious Corporate Services – Company Set-up in Dubai, United Arab Emirates
If you have swiped Ras Al Khaimah Economic (or Free) Zone “right” for your business set-up in UAE, you are in luck. Fondly called RAKEZ, Ras Al Khaimah Economic Zone is a business and industrial hub strategically sitting in the heart of Ras Al Khaimah emirate of the UAE. since 2017. Bustling with more than 14,000 multinational companies from over 100 countries covering 50+ sectors, the vibrant free zone is one of the largest economic zones in the region. Armed with wide-ranging customizable solutions for investors worldwide, RAKEZ is a stunning creation of the UAE government that checks all the boxes for free zone company formation and non-free zone company incorporation. And the joy of joys is that wIth a RAKEZ business set-up comes effortless access to fast-growing markets in the Middle East, North Africa, Europe, and South and Central Asia through the major logistical hubs available in the emirate. These comprise five seaports, an international airport, and multi-lane superhighways.
RAK FTZ offers a range of benefits to companies operating within its jurisdiction, including 100% foreign ownership, 0% corporate and personal income tax, and access to a range of business-friendly infrastructure and services. Some of the reasons or perks that RAKEZ-registered business enjoys include the following:
RAKEZ offers various services to companies that want to set up and operate in the region, including:
To set up a company in RAKEZ, here are the steps you can follow:
To set up a company in RAKEZ, here are the steps you can follow:
It’s a good idea to seek the help of a professional corporate service provider or a RAKEZ business set-up consultant, such as Ingenious Corporate Services in Dubai, to guide you through the process and ensure that everything is done correctly.
It’s a good idea to seek the help of a professional corporate service provider or a RAKEZ business set-up consultant, such as Ingenious Corporate Services in Dubai, to guide you through the process and ensure that everything is done correctly.
Here's what our clients think about our company formation services.
Here's what our clients think about our company formation services.
Includes:
T&C Applied*
Includes:
T&C Applied*
Includes:
T&C Applied*
Includes:
T&C Applied*
Get an expert consultation from one of the reputed business setup advisory companies in Dubai, like Ingenious Corporate Services, to analyze your needs and design a solution fit for your business purpose. Our company setup package includes business registration, professional PRO services, visa, labor & immigration services, banking account opening assistance, and all other spadework involved in obtaining the relevant trade license.
The journey starts with the parent company Shareholders or Directors must pass a board resolution mentioning their intention to set up a branch of foreign company in Dubai, United Arab Emirates. Also, appoint a manager or legal representative who will act on behalf of the company to sign the company incorporation documents.
Finding a genuine Local Service Agent. It is mandatory for a foreign company to make a contract with a Local Service Agent (LSA) that can be either a UAE national or a company owned 100% by UAE nationals. The appointed LSA will then complete the trade name registration procedure with the local Department of Economic Development (DED).
Receive approval from the Ministry of Economy (MOE). The application includes company information such as details about the head office, the nature of the business, share capital, the name of the general manager in UAE, and so on. The supporting documents that much go to MOE along with the application are listed below:
The above documents must then be notarized and attested by the UAE Consulate/ Embassy in the country of origin and the Ministry of Foreign Affairs (MOFA) in Dubai, United Arab Emirates.
Depending on the jurisdiction, the attested documents must be translated to English/ Arabic by a sworn translator to be submitted to the relevant Authority.
Ready the following documents and submit them to Dubai DED to acquire the trade license
Make the application payment and collect your branch office license
Apply for all the required visas and complete other tasks to become a full-fledged branch company in Dubai, such as hiring staff, applying for employee labor cards, and opening a bank account. The banks will require complete UBO information of the Parent company and additional corporate and shareholder structures of the Parent company. Be informed that all foreign documents must be attested, legalized, and translated into Arabic for use in the UAE.
Obtain MOE License (within one month) by doing Ministry of Economy (MOE) registration online. For this, you have to pay a certain fee. If not for MOE registration Within the specified time, you will be subject to paying a penalty of AED 1,000 monthly with a maximum limit of AED 10,000 annually. After the MOE registration, the branch company will receive a username and password to upload the requested documents via the portal. One of them is Bank Guarantee. Each Foreign Branch in Dubai, UAE, has to pay a refundable security deposit of AED 50,000 to the MOE (until the license is valid) through a local UAE bank which cannot be withdrawn or used as working capital.