Ras Al Khaimah Free Zone (UAE)
You can choose to open a Free Zone Company, also called Free Zone Limited Liability Company, as an offshore company in RAKEZ.
• Corporate Requirements
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".
• Annual Requirements
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.
|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|
|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|
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.