Ras Al Khaimah Economic Zone (RAKEZ)

RAKEZ - Business License With 1 Visa - Any 3 Activities - Upto 5 Shareholders - 2 Year Validity - 4 Installments

Total Process Time


Total Price

(Inclusive of Taxes)

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Service Description
RAK Freezone - Ras Al Khaimah Economic Zone (RAKEZ)
Package Description - This package is designed to assist Entrepreneurs & Investors to start their business in Dubai at a very lower cost.
License is valid for 2 years.
You get an additional discount on the license fees.
Issuing Authority - Ras Al Khaimah Economic Zone (RAKEZ)
License Type - Commercial or Professional License
Legal Status - FZLLC
Package Deliverables;
i) Business License,
ii) Lease agreement (Address Proof)
iii) Share Certificate
iv) Memorandum
v) Unlimited access to Compass Co-working Centre
vi) Residence Visa
Installment Details;
1st payment - Cash or bank transfer - 25% (AED 6,655)
2nd payment - After 90 Days - UAE based bank account post dated Cheque is required - AED 6,655
3rd payment - After 180 Days - UAE based bank account post dated Cheque is required - AED 6,655
4th Payment - After 270 Days - UAE based bank account post dated Cheque is required - AED 6,655
What Business Can You Do?
You can choose any 1 activity from Trading and Services related activities including General Trading and E-Commerce.

General Trading Will allow you to import, export, re-export any legally allowed goods except Jewellery, Automobiles, Pharmaceutical drugs and Precious metals.
E-commerce will allow you to sell any product online through your own platform or through other platforms.
Benefits:
100% Ownership,
Lowest cost business set-up, when you do not need any visa.
Shareholder Type:
Individual Person only
Manager on License:
Same as shareholder or non-shareholder
Facility Type:
Co-Working
FREE - UNLIMITED Facility Usage
RAKEZ - Business License With 1 Visa - Any 3 Activities - Upto 5 Shareholders - 2 Year Validity - 4 Installments
Required Documents
  1. Email ID
  2. Residential Address
  3. Emirates ID copy of Shareholders, General manager (if available)
  4. Visa copy / entry stamp of shareholders, general manager and director (if available)
  5. Colour passport copy of shareholders, general manager, director
  6. Company Name
Business License
AED 26,620/Service
Professional Consultation Fees
AED 5,000/Service
Pre approval for additional shareholder
AED 200/Shareholders
Lease agreement (Address Proof)
Included
Share Certificate
Included
Memorandum
Included
Pre approval for 1 shareholder
Included
Immigration Card
Included
Residency E-visa
Included
Status Change if applicant inside the UAE
Included
MEdical Fitness Examination
Included
Emirates ID
Included
Visa stamping
Included
Total Amount :
AED 31620
Submit Speak to an experter
Other Permit Required throughout the Journey

Option 1;

Any 3 Activities

Activity Office requirements Authority Approvals Required Before License/After License Approx Cost for approval
Option 1;

Any 3 Activities		 Lease agreement (Address proof) will be provided from the freezone. I Approvals will be required for some activities. Refer the activity sheet for approvals for different activity.

if you choose any activity that requires additional approval, we will assist you in obtaining the approval (Cost of approval will be applicable)

Approval from Customs, Municipality, Health Authority or other authority will be required while you import products which are governed and regulated by respective authority.		   AED 0
USD 0

 

Activity Ownership Details
Option 1;

Any 3 Activities		 Single individual shareholder

Legal Structure;
a) FZLLC
b) Subsidiary
c) Branch
Type of company structure Document Compliance
LLC Mobile Number  
  Email ID  
  Company Name  
  Residential Address  
  Colour passport copy of shareholders, general manager, director Passport should be valid for next 6 months
  Emirates ID copy of Shareholders, General manager (if applicable) If a residence visa holder
  Visa copy / entry stamp of shareholders, general manager and director (if applicable) If a residence visa holder

 

Subsidary Company
Or Branch		 Attested parent company documents
Valid License
Memorandum
Share Certificate		 Attested from UAE Embassy in parent Country.(If Parent company is outside the UAE)
Attested from MOFA UAE.
  Colour passport copy of shareholders, general manager, director (if applicable) Passport should be valid for next 6 months
  Emirates ID copy of Shareholders, General manager (if applicable) If a residence visa holder
  Visa copy / entry stamp of shareholders, general manager and director (if applicable) If a residence visa holder
  Original No Objection Certificate for Shareholder(s) / General Manager (if UAE resident) If a residence visa holder

Process & Time required

Main Task Sub Tasks Time period in days
License Initial Approval, Company Name approval 1-2 Day
  Security approval 2 Days
  License Issue 3-4 Days

 

Investor Visa Entry Permit 3-5 days
  Status Change 1-2 Days
  Medical fitness 1 Day
  Emirates ID (If applying for first time, it will take 8-10 days) 1 Day
  Visa stamping 1-2 Days

 

Employment Visa Entry Permit 3-5 days
  Status Change 1-2 Days
  Medical fitness 1 Day
  Emirates ID (If applying for first time, it will take 8-10 days) 1 Day
  Visa stamping 1-2 Days

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