OUR OFFICES: LONDON, UK Office | +44 20 3769 1690  –  CORK CITY, Ireland Office | +353 21 202 8069  –  Contact Monday to Friday: 9 am to 6 pm GMT time  –  Skype: CALL | CHAT

OUR OFFICES:
LONDON, UK Office | +44 20 3769 1690
CORK CITY, Ireland Office | +353 21 202 8069
Contact Monday to Friday: 9 am to 6 pm GMT time 
Skype: CALL | CHAT

SET UP YOUR BUSINESS IN
UNITED ARAB EMIRATES, RAK

We support all worldwide
Investors & Entrepreneurs
Setting up their Business overseas

Eurofinanzza Tax Legal Law Center
Corporate Tax & Legal Consultors
Since 1998

United Arab Emirates
RAK – Ras Al Khaimah
Free Trade Zone

UAE Free Zones are special economic zones set up with the objective of offering tax free, and free customs duty benefits to expatriate investors.

Free Zones in Dubai and the UAE are governed pursuant to a special framework of rules and regulations applicable to concerned free zone, managed and operated by free zone authority.

A Free Zone Authority offers business licenses to foreign-owned businesses. Each Free Zone is designed around one or more business industry categories and only offers licenses (e.g. for a Free Zone Enterprise (FZE)), to companies within those categories. Most of the free zones in Dubai broadly offer trading, service, industrial, national industrial, and branch licenses to investors looking to set up their businesses.

Ras Al Khaimah is part of the United Arab Emirates, a constitutional federation of seven emirates located along the south eastern tip of the Arabian Peninsula. Qatar lies to the west, Saudi Arabia to the south and west and Oman to the north and east. The Federation was formally established in 1971.

Type of Law
Federal for the most of Emirates, except for Dubai and Ras Al Khaima who maintain their own judicial systems. The Emirates had the constitutional right to opt to join the Federal judicial system or maintain their own independent system.
Business set up in UAE
A professional company with regional focus covers all your aspects of starting a business in UAE and GCC countries. We offer services such as company formation in UAE Free zones and set up of the companies locally.

Our Firm offers its clients a complete range of professional services including company formation and maintenance, business consultancy and financial consultancy services.
Extensive experience of local business and knowledge of the rules and regulations of UAE and a high level of personal involvement are our main strengths. We will provide our assistance in the formation of Limited Liability Company, Free Zone Enterprises, branch of foreign companies, off shore Companies, and others.

TBA also offers its clients the most up-to-date and most cost-efficient way to open and look after the markets in the Gulf.

We will focus on our clients need, and our services will be executed according to the high standards. Our clients will be able to rely on us. We focus on areas important to your business and understand the challenges you face. Every client, regardless of size, can count on the personal involvement of a lead client service partner.

We have a team who specialize in the respective industry of the client. Our client-service team meets with the financial and operational managers to develop a detailed picture of the particular business and its objectives. We communicate regularly and provide information in a form you can use to make effective business decisions.

The team that will serve you on is always supported by specialists. We provide expertise to meet your particular needs, and to advise on issues that may affect your business.

Basically, there are no taxes in UAE
A commercially oriented environment, oil revenues, a business minded government, a number of double taxation treaties, as well as a fully developed infrastructure, supporting trade links all over the region covering more than 1.3 billion consumers, form a solid basis for long term planning.

In particular, the UAE is the prime location for business with Saudi Arabia, Iran, India and Iraq.

Our firm provides tailor-made concepts, covering almost, every aspect of our Client’s regional business.

Foreign companies may take advantage of the TBA’s support for the successful set-up in the UAE.

Companies operating in UAE easily gain a competitive edge by outsourcing administration works.

RAK Free Zone
The Ras Al Khaimah International Airport was opened in 1976 and is 18km south of the city center. Since incorporation less than 4 years ago, Ras Al Khaimah Free Trade Zone Authority has licensed more than 410 companies from 33 different countries, and this figure is rapidly increasing.

As the youngest of all of the Free Zones in the UAE, Ras Al Khaimah Free Trade Zone has built its international reputation and infrastructure only after careful research, planning and development, resulting in the introduction of a unique, ambitious 3 Park concept that did not exist previously in the UAE or even within the region, and the provision of premier business facilities for RAK FTZ investors within other Emirates.

As more and more Free Zones appear in the UAE and throughout the region, Ras Al Khaimah Free Trade Zone will continue with its policy of sourcing and attracting environmentally friendly, quality investors in the Service, Manufacturing and Industrial sectors, with high emphasis placed on attracting investors from the Technology industry. RAK FTZ investors can expect an easy and rapid licensing procedure every step of the way, and every investor is sure of an ongoing, unrivalled marketing support service.

All the three Parks are undergoing major expansion on a regular basis. The next few years will bring targeted expansion and development within RAK FTZ, supporting individual investor needs within each of the 3 Parks. The further development of superior business facilities in other Emirates will be done. It will ensure that RAK FTZ investors are presented with a total marketing solution and everything they will ever need to succeed in business with Ras Al Khaimah Free Trade Zone.

Key Corporate Features – Resume

General
Type of Company – Limited by shares
Political Stability – Excellent
Common or Civil Law – Federal / Sharia
Disclosure of Beneficial Owner – No
Migration of Domicile Permitted – No
Corporate Taxation – Nil
Language of Name – English or Arabic

Corporate Requirements
Minimum Number of Shareholders / Members – One
Minimum Number of Directors / Managers – One
Corporate Directors / Managers Permitted – Yes
Usual Authorised Capital – Dhs 1,000 (minimum)
Minimum paid up – Fully paid

Local Requirements
Registered Office/Agent – Yes
Local Partner (UAE National or Company owned by UAE National) – No
Local Directors – No
Local Meetings – No
Government Register of Directors / Managers – Yes
Government Register of Shareholders / Members – Yes

Annual Requirements
Annual Return – Yes
Submit Accounts – Yes

Recurring Government Costs
Minimum Annual Tax / License Fee – AED 4,000

Start your Business Project now!

Contact us Now!

One of our Business Development Managers will promptly answer your enquiry!

There is dedicated team in our Head Office available to deal with your enquiries regarding any of our five offices. We aim to respond to all enquiries within 24 hours.

Whether you are an existing client or interested in Eurofinanzza services, we would be happy to hear from you via any of our available communication networks: telephone, email, live chat, and enquiry form.

We look forward to hearing from you!

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