Types of Company: Free Zone Establishment (FZE), Free Zone Limited Liability Company (FZ LLC), Free Zone Branch.
Registered Capital: AED 150 000 ($41 100) for FZE; AED 200 000 ($54 800) for FZ LLC; not required for the Branch.
Shareholder: 1 (FZE) to 50 (FZ LLC). Person/ legal entity may be a shareholder. If corporate shareholder is a company registered outside UAE its documents should be legalized accordingly.
Director: corporate director isn’t allowed.
Accounting: not required. No audit. Director should keep accounting info at his own discretion.
Office: Not required. Can rent an office within the RAKIA Free Zone.
License: there are 5 types of licenses: 1) Industrial; 2) Commercial/ Trading; 3) General Trading; 4) Consultancy, Professional and Service License; 5) Media License. For Industrial License membership in Chamber of Commerce of RAK is mandatory.
Visas: Shareholder can apply for visa. For Employees visas will be granted if company rents an office. Quantity of employment visas – to the discretion of immigration authority.
You can view prices for the different types of RAKIA companies here
Walton Consultants DMCC