General Information

The RAK Free Zone (RAKEZ – RAK Economic Zone) was established in the year 2000 as the Ras Al Khaimah Free Trade Zone (RAKFTZ). It is one of the fastest growing free trade zones in the Gulf region, with more than 10,000 registered free trade zone companies from over 100 countries. The free trade zone of Ras al Khaimah offers a strategic geographical advantage. Moreover, it provides easy access to emerging and established markets in the Middle East, Africa, Europe and South Asia.

Language of Legislation and Corporate Documents
English/Arabic.
Type of Company for International Trade, Investment & Tax Planning
International Company (IC).
Investor Visa
No.
Employment Visa
No.
Share Capital
The minimum requirement for share capital is AED1,000, Which must be fully paid up.
Classes of Share Available
Ordinary shares, preferred shares, deferred and shares with or without voting rights. Bearer Shares Not permitted.
Restrictions on Trading
Cannot trade within the UAE. Banking, insurance, assurance, reinsurance, fund management, collective investment schemes, trust management, trusteeship business provision are not permitted.
Currency
Dirham (AED).
Registered Office Required
Yes, must be maintained in Ras Al Khaimah.
Directors
The minimum number of directors is one. Director can be of any nationality and need not be resident in the UAE. Corporate directors are permitted.
Shareholders
The minimum number of shareholders is one.
Publicly Accessible Records
No.
Location of Meetings of Directors and Shareholders
Anywhere.
Disclosure of Beneficial Ownership to Authorities
No.
Personal Presence Required
No.
Taxation
Nil.
Double Taxation Treaty Access
None.
Requirements to file accounts
Audit Requirements
Currency
Dirham (AED).
Exchange Control
None.
Language of Name
English/Arabic.
Restricted Words
Unless with the approval of the Registrar in writing the name shall not include the words “Bank”, “Trust Company” or “Trustee Company”, “Assurance” or “Insurance”, “Chamber of Commerce”, “Municipal” or “Municipality”, “Emirate” or “Emirates” or any other word which in the opinion of the Registrar may suggest:- (a) a connection with the Government of the Federation of the United Arab Emirates, its agencies or identical bodies of any of the member States of the Federation; (b) the patronage of their Highnesses the members of the Federal National Council.
Name of a Company
The name of the company may end with the word “Limited” or “Ltd”.
Time to Incorporate
One day, subject to name approval.
Cost of Formation
Please contact our Expert Team on +230 2129736 or email: contact@renesis.mu

Renesis Financial Services Ltd (“Renesis”) is licensed by the Financial Services Commission in Mauritius to provide a comprehensive range of financial and fiduciary services to international clients.

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