Set Up Your Business in Ras Al Khaimah Free Zone
With no personal or corporate income tax, 100% foreign ownership, and a range of flexible business setup options, Ras Al Khaimah is another perfect destination to expand your business in the UAE.
Advantages
Why set up in one of Ras Al khaimah's free zones?
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100% Foreign Ownership
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Cost-Effective Setup
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Tax Exemptions
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Strategic Location
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Flexible Licensing Options
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Simple and Fast Company Setup
For Resident Indians
RBI - ODI Compliances for Indian founders & businesses
The Reserve Bank of India has put forth guidelines for foreign investments from India via FEMA regulations, 2022. Being a tax resident in India, an Individual/a body corporate must abide by this regulation while setting a business outside the country. ScaleX Business with its team of expert consultants and advisors can help you navigate and be compliant with these regulations.
Incorporation timeline
Steps to set up a free zone company in Ras Al Khaimah
Here’s a step-by-step timeline to guide you through setting up an off shore company in Ras Al Khaimah, United Arab Emirates. From securing approvals to finalising your trade license, this process will help you establish your business smoothly and efficiently.
01.
Very important
Check if you are allowed to setup a business abroad
Certain countries have restricted or has kept complex reporting mechanisms to control and to keep in check foreign investments made by its residents. Being a founder setting up abroad, you have to have full knowledge that you are complying to those home jurisdictional compliances while setting up in the JAFZA.
Note: Certain countries prevent setting up a foreign company and or impose hefty penalties for violation.
02.
Choose the Right Free Zone
Select a suitable free zone, such as RAKEZ (Ras Al Khaimah Economic Zone), based on your business needs and activities.
03.
Determine Your Business Activity
Identify your business activities, ensuring they align with the permitted activities in the chosen free zone.
04.
Select a Business Structure
Choose your legal structure, such as a Free Zone Establishment (FZE), Free Zone Company (FZC), or branch office.
05.
Reserve Your Trade Name
Register a unique trade name that complies with the naming rules of Ras Al Khaimah free zones.
06.
Submit the Application
Submit your application for business registration along with required documents, such as passport copies and proof of address.
07.
Obtain Initial Approval
Secure preliminary approval for your business activity and structure from the free zone authority.
08.
Lease Office Space
Choose an office space or warehouse within the free zone, or opt for a virtual office setup based on your needs.
09.
Complete Documentation
Provide any additional documents, such as the Memorandum of Association (MoA) and Articles of Association (AoA), if required.
10.
Pay the Fees
Pay the applicable fees for registration, licensing, and administrative services.
11.
Receive Your Business License
Once all approvals are in place, receive your business license, allowing you to commence operations.
12.
Apply for Visas
Process visas for investors, employees, and dependents as per your business requirements.
13.
Open a Corporate Bank Account
Open a business bank account to manage your financial transactions effectively.
14.
Start operations
Once all the steps are complete, you may start operations in your newly incorporated offshore company in Dubai
Add on services
Get started. Pick an accounting plan that suits your business.
Not expecting much transactions in the first year?
You may choose the basic accounting plan to get started and upgrade later. Need a custom quote ? Feel free to contact us.
Accounting Basic
Suitable for small companies with an expected yearly transaction of 100 line entries overall.
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Upto 100 line entries a year
Line entries are in and out transactions combined.
- Upto 50K AED in revenue
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Accounting & Book-keeping
The upper limit for this is 100 line entries (Debit & credit together)
- VAT Compliance
- Flexibility to switch to other plans (Prorated)
Accounting Pro
Suitable for companies with expected yearly transaction of upto 400 line entries in a year.
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Upto 400 line entries a year
Line entries are in and out transactions combined.
- Upto 800K AED in revenue
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Accounting & Book-keeping
The upper limit for this is 400 line entries (Debit & credit together)
- VAT Compliance
- Flexibility to switch to other plans (Prorated)
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MIS Reporting
Monthly review call
- Corporate Tax Consultation
How much does it cost?
Cost of setting up a company in Ras Al Khaimah free zone.
The cost of setting up a company in Ras Al Khaimah Free Zone typically starts from AED 14000 depending on the type of license and business activity.
Additional expenses may apply for office space rental, visa processing, bank account setup, and other optional services. The total cost will vary based on your specific business needs and chosen free zone facilities.
