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FAQs

If I set up company in Dubai and obtain residence permit can I travel other emirates freely?

Yes, travel to other Emirates is unrestricted as you hold a residence permit valid for UAE.

Is Dubai secure for investment and living?

Dubai is a secure place for investment and living. Expatriates constitute a majority of the population.

Is it mandatory to have a local resident director for registering a company in RAK?

No. Neither a resident director nor a resident shareholder is required for registering a company in RAK. Companies registered in the Ras Al Khaimah Free Zone can be 100% foreign owned.

What all documents are required to be submitted to register a company in RAK Free Zone?

(i) Copies of passports of shareholders, directors and managers (if applicable), (ii) Incorporation forms, (iii) Brief project description, (iv) Company M&AA, and (v) Bank deposit showing minimum share capital of USD 30,000

I want to register a business in RAK Free Zone. What type of entity should I set up?

You can register a Free Zone Establishment (FZE) or a Free Zone Company (FZC). An FZE has only one shareholder while an FZC can have between 2 to 5. Foreign companies can also register a branch if the parent company has existed for more than 1 year.

What are the advantages of setting up a business in RAK?

A company in RAK is 100% tax free, allows 100% foreign ownership (in case it is in a Free Trade Zone), 100% repatriation of capital and profits, long term corporate tax exemption, and economical rental office spaces.

What are the rules for licensing in RAK Free Trade Zone?

RAK FTZ requires the companies in its jurisdiction to obtain trade or business license before undertaking any activity. The license issued by RAK FTZ is subject to yearly renewal, for which the company should submit their audit reports.

Do I need a physical office to set up a business in RAK?

This depends on the type of your entity. For someone operating an offshore company, a virtual office is acceptable. A physical office premises must be leased if someone intends to conduct business within the UAE.

Obtaining residence permit in the UAE.

One of the most important factors in the further successful development of UAE is a liberal policy of the area which allows foreigners to lives, work, or just visit the country. UAE have created such conditions for life and work that no one feels like a foreigner in this country.

What are the advantages of a business setup in a UAE Free Zone? Why is it attractive to register my company in a Free Zone?

Company Registration in a free zone is attractive for the following reasons: 100% foreign company ownership 100% repatriation of capital and profits Exemption from all import and export duties No corporate tax No dividend tax Abundant and inexpensive energy Competitive labor costs, skilled work force and easy, recruitment procedures One place for all administrative services On-site customer’s inspection Companies registered in a Free Zone can operate 24 hours a day

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