Ras Al Khaimah Free Zone (UAE)

Ras Al Khaimah Free Zone (UAE)

Introduction
Established in 2017 and currently, housing over 14,000 multinational companies off over 50 fields from more than 100 countries, Ras Al Khaimah Economic Zone (RAKEZ) is one of the largest economic zones in the area. RAKEZ offers businesses easy accesses to several potential markets in North Africa, Europe, the Middle East, South, and Central Asia through main logistical hubs in the emirate, including multi-lane superhighways, five seaports, and an international airport.
You can choose to open a Free Zone Company, also called Free Zone Limited Liability Company, as an offshore company in RAKEZ.
Requirements
To establish and run a Ras Al Khaimah Free Zone Company (FZC), the below requirements need to be met:
There are some requirements needed to be satisfied to establish a Free Zone Limited Liability Company, also called Free Zone Company (FZC), in Ras Al Khaimah (RAK):
1. An FZC in RAK shall have at least one shareholder and a maximum of 50 shareholders.
2. At least one director is a statutory requirement to establish an FZC. The directors must be an individual at least 21 years old.
3. An FZC may have a secretary.
4. An FZC in RAK must have a manager, whose name will be recorded in the Companies Register. The manager must be an individual at least 21 years old. One shareholder, director or secretary of an FZC can also be appointed to be a manager simultaneously.
5. An FZC shall have and maintain a registered office in RAK where all communications and notices may be addressed and a register of its directors, manager, and secretary shall be kept. The books containing the minutes of any meeting of the shareholder(s) must also be kept at the registered office.
6. The minimum capital requirement for an FZC is AED 100,000. Bearer shares are not allowed.
7. An FZC in RAK must have a name that is compliant with the government guidelines and followed by "FZC".
1. An FZC in RAK in each year has to hold an Annual General Meeting (AGM) that is not more than 6 months apart from the end of the previous financial year. The period between 2 consecutive AGM must also not exceed 15 months. An FZC shall hold its first AGM within 18 months from its incorporation. Shareholders and directors can utilize any electronic means to attend AGMs.
2. Within 6 months after the end of its financial year, an FZC has to have its accounts of that year prepared and approved by the shareholders or directors, examined and reported upon by an auditor and laid before the AGM for discussion and approval of the shareholders together with a copy of the auditor’s report. A copy of the accounts and auditor’s report then shall be submitted to the Registrar.
Any failure to submit the financial statements on time will be fined AED 2.500.
Key Benefits   
Offering Packages
In order to assist you in establishing your offshore company in Singapore faster and more convenient, we offer you two packages Standard and Advanced with included services as below:
Services Standard Advanced
Company Incorporation Service Fee
All Government fees due on Incorporation
Free Name Application
Local Registered Office Service 12 months 12 months
Certificate of Incorporation
Memorandum and Articles of Association
Share Certificates
Register of Shareholders
Register of Directors and Officers
Resolution of the Subscriber appointing Directors
Resolutions of the Directors appointing Officers and issuing shares
Professional Consultancy via Phone and Email
Assistance on Opening of Company Bank Account  
Company Statutory Record & Company Kit
Total fee US$ 2,000 US$ 2,499
  Setup Company Setup Company
Services
Company Incorporation Service Fee
Standard
Advanced
All Government fees due on Incorporation
Standard
Advanced
Free Name Application
Standard
Advanced
Local Registered Office Service
Standard

12 months

Advanced

12 months

Certificate of Incorporation
Standard
Advanced
Memorandum and Articles of Association
Standard
Advanced
Share Certificates
Standard
Advanced
Register of Shareholders
Standard
Advanced
Register of Directors and Officers
Standard
Advanced
Resolution of the Subscriber appointing Directors
Standard
Advanced
Resolutions of the Directors appointing Officers and issuing shares
Standard
Advanced
Professional Consultancy via Phone and Email
Standard
Advanced
Assistance on Opening of Company Bank Account
Advanced
Company Statutory Record & Company Kit
Standard
Advanced
Total fee (US$)
2,000       
2,499
For forming offshore companies in United Arab Emirates, you can also choose Dubai South Free Zone or other places such as Ajman Media Free Zone Company and JAFZA Offshore Company. Check here for more details.

Beside the company incorporation service, we also provide Offshore Bank Account Assistance of numerous banks in the world and Other Services necessary for any offshore company.
For any further questions, feel free to Contact Us for more details.