RAKEZ Ras Al Khaimah Economic Zone
Business setup in RAKEZ is quick and easy - receive your license in at least one week only! It offers a variety of packages dedicated to helping freelancers, women owners, and startup companies
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Types of Licenses
In accordance with the regulatory requirements, every company established in the UAE must renew their Trade License in order to legally continue engaging business activity and operation. The Department of Economic Development (DED) and freezone authority is the authority that issues, regulates and renews mainland and freezone trade licenses respectively. With the help of IBG, you can be ensured that the renewal process is completely done in the right order. IBG offers the best advice and services you need for liquidating your company in Mainland, Freezone and offshore across all the emirates.
During cancellation, the company will be liquidated, and all of its assets and properties will be properly divided among shareholders of the company. In all scenarios of liquidation, IBG offers the best advice and services you need for liquidating your company in Mainland, Free zone, and Offshore across all the Emirates.
Basic
STARTING FROM
AED 11,440.00
Save up to AED 1,716.00
Basic Contains
Business Incorporation Starter Pack
- Trade License
- Official Company Stamp
- Expiry Reminder Services
- Brand Identity (Logo / Letterhead / Business Card Design)
- Bank Account Opening Assistance (UAE)
- Free IBG Fee on first renewal
- 1 Free Visa Processing for investor from A to Z
- Door-to-Door document delivery(within Dubai)
- VAT & Accounting and Bookkeeping Consultation
Executive
STARTING FROM
AED 14,940.00
Save up to AED 2,241.00
Executive Contains
Business Incorporation Starter Pack
- 1 Free Visa Processing for Employee from A to Z
- OR
- 1 Free Visa Processing for Dependents from A to Z
- Health Insurance Assistance
- VAT Registration – One Time Only
- Email Setup Assistance
- Dedicated Account Manager
- VIP assistance for visa application and Company incorporation
Basic
STARTING FROM
AED 13,900.00
Save up to AED 2,085.00
Basic Contains
Business Incorporation Starter Pack
- Trade License
- Official Company Stamp
- Expiry Reminder Services
- Brand Identity (Logo / Letterhead / Business Card Design)
- Bank Account Opening Assistance (UAE)
- Free IBG Fee on first renewal
- 1 Free Visa Processing for investor from A to Z
- Door-to-Door document delivery(within Dubai)
- VAT & Accounting and Bookkeeping Consultation
Executive
STARTING FROM
AED 17,400.00
Save up to AED 2,610.00
Executive Contains
Business Incorporation Starter Pack
- 1 Free Visa Processing for Employee from A to Z
- OR
- 1 Free Visa Processing for Dependents from A to Z
- Health Insurance Assistance
- VAT Registration – One Time Only
- Email Setup Assistance
- Dedicated Account Manager
- VIP assistance for visa application and Company incorporation
Basic
STARTING FROM
AED 17,948.00
Save up to AED 2,692.20
Basic Contains
Business Incorporation Starter Pack
- Trade License
- Official Company Stamp
- Expiry Reminder Services
- Brand Identity (Logo / Letterhead / Business Card Design)
- Bank Account Opening Assistance (UAE)
- Free IBG Fee on first renewal
- 1 Free Visa Processing for investor from A to Z
- Door-to-Door document delivery(within Dubai)
- VAT & Accounting and Bookkeeping Consultation
Executive
STARTING FROM
AED 21,448.00
Save up to AED 3,217.20
Executive Contains
Business Incorporation Starter Pack
- 1 Free Visa Processing for Employee from A to Z
- OR
- 1 Free Visa Processing for Dependents from A to Z
- Health Insurance Assistance
- VAT Registration – One Time Only
- Email Setup Assistance
- Dedicated Account Manager
- VIP assistance for visa application and Company incorporation
Basic
STARTING FROM
AED 19,155.00
Save up to AED 2,873.25
Basic Contains
Business Incorporation Starter Pack
- Trade License
- Official Company Stamp
- Expiry Reminder Services
- Brand Identity (Logo / Letterhead / Business Card Design)
- Bank Account Opening Assistance (UAE)
- Free IBG Fee on first renewal
- 1 Free Visa Processing for investor from A to Z
- Door-to-Door document delivery(within Dubai)
- VAT & Accounting and Bookkeeping Consultation
Executive
STARTING FROM
AED 22,655.00
Save up to AED 3,398.25
Executive Contains
Business Incorporation Starter Pack
- 1 Free Visa Processing for Employee from A to Z
- OR
- 1 Free Visa Processing for Dependents from A to Z
- Health Insurance Assistance
- VAT Registration – One Time Only
- Email Setup Assistance
- Dedicated Account Manager
- VIP assistance for visa application and Company incorporation
Basic
STARTING FROM
AED 21,705.00
Save up to AED 3,255.75
Basic Contains
Business Incorporation Starter Pack
- Trade License
- Official Company Stamp
- Expiry Reminder Services
- Brand Identity (Logo / Letterhead / Business Card Design)
- Bank Account Opening Assistance (UAE)
- Free IBG Fee on first renewal
- 1 Free Visa Processing for investor from A to Z
- Door-to-Door document delivery(within Dubai)
- VAT & Accounting and Bookkeeping Consultation
Executive
STARTING FROM
AED 25,205.00
Save up to AED 3,780.75
Executive Contains
Business Incorporation Starter Pack
- 1 Free Visa Processing for Employee from A to Z
- OR
- 1 Free Visa Processing for Dependents from A to Z
- Health Insurance Assistance
- VAT Registration – One Time Only
- Email Setup Assistance
- Dedicated Account Manager
- VIP assistance for visa application and Company incorporation
Basic
STARTING FROM
AED 21,408.00
Save up to AED 3,211.20
Basic Contains
Business Incorporation Starter Pack
- Trade License
- Official Company Stamp
- Expiry Reminder Services
- Brand Identity (Logo / Letterhead / Business Card Design)
- Bank Account Opening Assistance (UAE)
- Free IBG Fee on first renewal
- 1 Free Visa Processing for investor from A to Z
- Door-to-Door document delivery(within Dubai)
- VAT & Accounting and Bookkeeping Consultation
Executive
STARTING FROM
AED 24,908.00
Save up to AED 3,736.20
Executive Contains
Business Incorporation Starter Pack
- 1 Free Visa Processing for Employee from A to Z
- OR
- 1 Free Visa Processing for Dependents from A to Z
- Health Insurance Assistance
- VAT Registration – One Time Only
- Email Setup Assistance
- Dedicated Account Manager
- VIP assistance for visa application and Company incorporation
Basic
STARTING FROM
AED 25,955.00
Save up to AED 3,893.25
Basic Contains
Business Incorporation Starter Pack
- Trade License
- Official Company Stamp
- Expiry Reminder Services
- Brand Identity (Logo / Letterhead / Business Card Design)
- Bank Account Opening Assistance (UAE)
- Free IBG Fee on first renewal
- 1 Free Visa Processing for investor from A to Z
- Door-to-Door document delivery(within Dubai)
- VAT & Accounting and Bookkeeping Consultation
Executive
STARTING FROM
AED 29,455.00
Save up to AED 4,418.25
Executive Contains
Business Incorporation Starter Pack
- 1 Free Visa Processing for Employee from A to Z
- OR
- 1 Free Visa Processing for Dependents from A to Z
- Health Insurance Assistance
- VAT Registration – One Time Only
- Email Setup Assistance
- Dedicated Account Manager
- VIP assistance for visa application and Company incorporation
Basic
STARTING FROM
AED 8,240.00
Save up to AED 1,236.00
Basic Contains
Business Incorporation Starter Pack
- Trade License
- Official Company Stamp
- Expiry Reminder Services
- Brand Identity (Logo / Letterhead / Business Card Design)
- Bank Account Opening Assistance (UAE)
- Free IBG Fee on first renewal
- 1 Free Visa Processing for investor from A to Z
- Door-to-Door document delivery(within Dubai)
- VAT & Accounting and Bookkeeping Consultation
Executive
STARTING FROM
AED 11,740.00
Save up to AED 1,761.00
Executive Contains
Business Incorporation Starter Pack
- 1 Free Visa Processing for Employee from A to Z
- OR
- 1 Free Visa Processing for Dependents from A to Z
- Health Insurance Assistance
- VAT Registration – One Time Only
- Email Setup Assistance
- Dedicated Account Manager
- VIP assistance for visa application and Company incorporation
Basic
STARTING FROM
AED 11,200.00
Save up to AED 1,680.00
Basic Contains
Business Incorporation Starter Pack
- Trade License
- Official Company Stamp
- Expiry Reminder Services
- Brand Identity (Logo / Letterhead / Business Card Design)
- Bank Account Opening Assistance (UAE)
- Free IBG Fee on first renewal
- 1 Free Visa Processing for investor from A to Z
- Door-to-Door document delivery(within Dubai)
- VAT & Accounting and Bookkeeping Consultation
Executive
STARTING FROM
AED 14,700.00
Save up to AED 2,205.00
Executive Contains
Business Incorporation Starter Pack
- 1 Free Visa Processing for Employee from A to Z
- OR
- 1 Free Visa Processing for Dependents from A to Z
- Health Insurance Assistance
- VAT Registration – One Time Only
- Email Setup Assistance
- Dedicated Account Manager
- VIP assistance for visa application and Company incorporation
Basic
STARTING FROM
AED 14,748.00
Save up to AED 2,212.20
Basic Contains
Business Incorporation Starter Pack
- Trade License
- Official Company Stamp
- Expiry Reminder Services
- Brand Identity (Logo / Letterhead / Business Card Design)
- Bank Account Opening Assistance (UAE)
- Free IBG Fee on first renewal
- 1 Free Visa Processing for investor from A to Z
- Door-to-Door document delivery(within Dubai)
- VAT & Accounting and Bookkeeping Consultation
Executive
STARTING FROM
AED 18,248.00
Save up to AED 2,737.20
Executive Contains
Business Incorporation Starter Pack
- 1 Free Visa Processing for Employee from A to Z
- OR
- 1 Free Visa Processing for Dependents from A to Z
- Health Insurance Assistance
- VAT Registration – One Time Only
- Email Setup Assistance
- Dedicated Account Manager
- VIP assistance for visa application and Company incorporation
Basic
STARTING FROM
AED 15,755.00
Save up to AED 2,363.25
Basic Contains
Business Incorporation Starter Pack
- Trade License
- Official Company Stamp
- Expiry Reminder Services
- Brand Identity (Logo / Letterhead / Business Card Design)
- Bank Account Opening Assistance (UAE)
- Free IBG Fee on first renewal
- 1 Free Visa Processing for investor from A to Z
- Door-to-Door document delivery(within Dubai)
- VAT & Accounting and Bookkeeping Consultation
Executive
STARTING FROM
AED 19,255.00
Save up to AED 2,888.25
Executive Contains
Business Incorporation Starter Pack
- 1 Free Visa Processing for Employee from A to Z
- OR
- 1 Free Visa Processing for Dependents from A to Z
- Health Insurance Assistance
- VAT Registration – One Time Only
- Email Setup Assistance
- Dedicated Account Manager
- VIP assistance for visa application and Company incorporation
Basic
STARTING FROM
AED 18,305.00
Save up to AED 2,745.75
Basic Contains
Business Incorporation Starter Pack
- Trade License
- Official Company Stamp
- Expiry Reminder Services
- Brand Identity (Logo / Letterhead / Business Card Design)
- Bank Account Opening Assistance (UAE)
- Free IBG Fee on first renewal
- 1 Free Visa Processing for investor from A to Z
- Door-to-Door document delivery(within Dubai)
- VAT & Accounting and Bookkeeping Consultation
Executive
STARTING FROM
AED 21,805.00
Save up to AED 3,270.75
Executive Contains
Business Incorporation Starter Pack
- 1 Free Visa Processing for Employee from A to Z
- OR
- 1 Free Visa Processing for Dependents from A to Z
- Health Insurance Assistance
- VAT Registration – One Time Only
- Email Setup Assistance
- Dedicated Account Manager
- VIP assistance for visa application and Company incorporation
Basic
STARTING FROM
AED 18,008.00
Save up to AED 2,701.20
Basic Contains
Business Incorporation Starter Pack
- Trade License
- Official Company Stamp
- Expiry Reminder Services
- Brand Identity (Logo / Letterhead / Business Card Design)
- Bank Account Opening Assistance (UAE)
- Free IBG Fee on first renewal
- 1 Free Visa Processing for investor from A to Z
- Door-to-Door document delivery(within Dubai)
- VAT & Accounting and Bookkeeping Consultation
Executive
STARTING FROM
AED 21,508.00
Save up to AED 3,226.20
Executive Contains
Business Incorporation Starter Pack
- 1 Free Visa Processing for Employee from A to Z
- OR
- 1 Free Visa Processing for Dependents from A to Z
- Health Insurance Assistance
- VAT Registration – One Time Only
- Email Setup Assistance
- Dedicated Account Manager
- VIP assistance for visa application and Company incorporation
Basic
STARTING FROM
AED 24,185.00
Save up to AED 3,627.75
Basic Contains
Business Incorporation Starter Pack
- Trade License
- Official Company Stamp
- Expiry Reminder Services
- Brand Identity (Logo / Letterhead / Business Card Design)
- Bank Account Opening Assistance (UAE)
- Free IBG Fee on first renewal
- 1 Free Visa Processing for investor from A to Z
- Door-to-Door document delivery(within Dubai)
- VAT & Accounting and Bookkeeping Consultation
Executive
STARTING FROM
AED 27,685.00
Save up to AED 4,152.75
Executive Contains
Business Incorporation Starter Pack
- 1 Free Visa Processing for Employee from A to Z
- OR
- 1 Free Visa Processing for Dependents from A to Z
- Health Insurance Assistance
- VAT Registration – One Time Only
- Email Setup Assistance
- Dedicated Account Manager
- VIP assistance for visa application and Company incorporation
Basic
STARTING FROM
AED 27,358.00
Save up to AED 4,103.70
Basic Contains
Business Incorporation Starter Pack
- Trade License
- Official Company Stamp
- Expiry Reminder Services
- Brand Identity (Logo / Letterhead / Business Card Design)
- Bank Account Opening Assistance (UAE)
- Free IBG Fee on first renewal
- 1 Free Visa Processing for investor from A to Z
- Door-to-Door document delivery(within Dubai)
- VAT & Accounting and Bookkeeping Consultation
Executive
STARTING FROM
AED 30,858.00
Save up to AED 4,628.70
Executive Contains
Business Incorporation Starter Pack
- 1 Free Visa Processing for Employee from A to Z
- OR
- 1 Free Visa Processing for Dependents from A to Z
- Health Insurance Assistance
- VAT Registration – One Time Only
- Email Setup Assistance
- Dedicated Account Manager
- VIP assistance for visa application and Company incorporation
Basic
STARTING FROM
AED 37,535.00
Save up to AED 5,630.25
Basic Contains
Business Incorporation Starter Pack
- Trade License
- Official Company Stamp
- Expiry Reminder Services
- Brand Identity (Logo / Letterhead / Business Card Design)
- Bank Account Opening Assistance (UAE)
- Free IBG Fee on first renewal
- 1 Free Visa Processing for investor from A to Z
- Door-to-Door document delivery(within Dubai)
- VAT & Accounting and Bookkeeping Consultation
Executive
STARTING FROM
AED 41,035.00
Save up to AED 6,155.25
Executive Contains
Business Incorporation Starter Pack
- 1 Free Visa Processing for Employee from A to Z
- OR
- 1 Free Visa Processing for Dependents from A to Z
- Health Insurance Assistance
- VAT Registration – One Time Only
- Email Setup Assistance
- Dedicated Account Manager
- VIP assistance for visa application and Company incorporation
Process and Timeline
- Should be 18 years old and above;
- Should not have any criminal records;
- The business should be legally permissible;
- Should be an individual, corporate or mixed of both.
For us to give you the best options for your setup, please provide the following information:
– Nature of business/activity
– No. of shareholders
– No. of visa required
– Office requirement
Company Setup
1. Passport copy
2. Emirate ID copy
3. Visa Copy/UAE entry stamp/ Tourist or visit visa copy
4. Number of shareholders with sharing % Manager of the company
If the manager is not a shareholder:
1. Name
2. Phone Number
3. Address
4. Passport Copy
5. Passport Size Photo
6. Visa Page
7. Emirates ID
For Corporate Shareholder
1. Board resolution
2. License, MOA, Incumbency, Share Certificate, etc. of the shareholding company
3. Passport copy/ies of the UBO/’s
4. Passport copy/ies of the Manager’s
5. Visa page of Manager (if UAE resident)
6. Address of the authorized signatory
7. Passport size photo for the authorized signatory
8. Home & UAE Address
9. Number of shareholders with sharing % Manager of the company
If the manager is not a shareholder:
1. Name
2. Phone Number
3. Address
4. Passport Copy
5. Passport Size Photo
6. Visa Page
7. Emirates ID
Visa Processing
Sponsor:
1. License Copy
2. Establishment Card copy
Applicant:
1. Scanned copy of Passport should be current and valid for at least 6 months – colored uncut with full border
2. (1) Passport Size photograph with white background;
3. Tourist visa / Residence Cancellation (if Applicable)
4. Emirates ID copy (if applicable)
5. Information needed for Visa application
Starts from AED 8,240
Starts from AED AED 11,200
Immigration Card (3 years)
AED 1,575
Pre-Approval Fee
AED 100 per Shareholder
E-channel Deposit
WAIVED
E-channel Registration
AED 2,200
E-channel Renewal
AED 1,200
Facility Deposit
Starts from AED 500
Investor Visa (3 years)
AED 3,950
Employee Visa (3 years)
AED 3,600
Employee Deposit Fee
AED 2,000
Change Status
AED 885
Medical Test
Starts from AED 450
Emirates ID (3 years)
AED 375
Company Setup
Step 1. Name Approval
1 working day
Step 2. Pre-Approval
5-7 working days
Step 3. Trade License Issuance
2-3 working days
(if no extra approval and/or no additional requirements is required)
Visa Processing
Step 1. Establishment Card Application
1 working day
Step 2. Establishment Card Issuance
5-7 working days
Step 3. Entry Permit Issuance
5-7 working days
Step 4. Client Arrival (outside country) optional
Depends on the client
Step 5. Change Status
(inside country)
3-5 working days
Step 6. Medical & Emirates ID Typing
1 working day
Step 7. Medical Test & Biometric
1 working day
*The client must go based on the schedule.
Step 8. Medical Certificate Issuance
If Normal – 2 working days
If VIP – 4 hours
Step 9. Visa Stamping
5-7 working days
Step 10. Emirates ID Issuance
5-10 working days
Process and Timeline
IBG Client
If you’re an existing IBG Client, no need to worry. We will send you a reminder if your trade license is due for renewal.
If you’re a new client, our team will give you a call to retrieve necessary information before proceeding with the process.
1. Renewal & Amendment Application form
2. Trade License
3. Certificate of Good Standing
4. Extract from Commercial Register
5. Shareholder’s Passport Copy
6. Director’s Passport Copy
7. Manager’s Passport Copy
8. Renewed Lease Agreement
9. No Objection Certificate
10. Audited/Financials Report (for Industrial License only)
For Corporate Shareholder
1. Renewal & Amendment Application form
2. Trade License
3. Shareholder’s Passport Copy
4. Director’s Passport Copy
5. Manager’s Passport Copy
6. Renewed Lease Agreement
7. No Objection Certificate
8. Audited/Financials Report (for Industrial License only)
The renewal fee depends on the current license package taken by the client.
Process and Timeline
- Trade License Holder
- Partner/Shareholder
For us to give you the best options for your required service, please give us a call or schedule a consultation.
1. License Cancellation Form
2. Owner Declaration (if applicable)
3. Shareholder Resolution (if applicable)
4. Corporate Resolution (if applicable)
5. General Manager Termination/Resignation Letter
6. Trade License
7. Exit Survey
8. Clearance Letter
1. Visa Cancellation form
2. Visa Cancellation Form
3. Passport
4. Emirates ID
AED 2,000
*Penalty fees of AED 50 per day will be imposed in case of not deregistering within the validity of the company.
Investor Visa
AED 535 per visa
Employee Visa
AED 255 per visa
Frequently Asked Questions
What types of companies do they accommodate?
RAKEZ accommodates three types of company form, which are:
• Free Zone Limited Liability Company (FZ-LLC)
• Branch of a UAE-based company (including companies registered in other free zones)
• Branch of a foreign company
Is it required to have a local partner to form a company in the Free Zone?
No, one of the benefits of incorporating a company in the Free Zone is that it offers 100% foreign ownership, so you won't be needing a local partner to form a company.
Up to how many shareholders allowed in a Free Zone company?
Free Zone companies may have a maximum of 50 shareholders.
Who is eligible to sign the resolution to register Subsidiary companies or Branches in RAKEZ?
The signing of the resolution to register Subsidiary companies or Branches may be done by the authorized signatory on behalf of the parent company. The authorized signatory must be mentioned on the company's legal documents or through an attested power of attorney document from the UAE Embassy or consulate in the parent company's country of origin.
Is it allowed for a Branch to have a different name and activities from its parent company?
No, it is mandatory for a Branch to have the same activities of its parent's company.
Is there a Memorandum of Association in a Branch?
None, there is no Memorandum of Association in a Branch because a Branch is an extension of its parent company with no legal identity.
Is it allowed for a Free Zone Company to open a Branch in Mainland?
Yes, it is allowed for a Free Zone company to open a Branch in the Mainland provided that they have an appointed local service agent who must be a UAE national and is holding no less than 51% of the Free Zone company's capital.
What is the meaning of a Limited Liability Company?
A Limited Liability Company means that the liabilities of a company do not extend to its shareholders. It is treated as an entity separated from its shareholders. Each shareholder is only liable to the extent of his shares in the company's capital.
Does the owner of a Free Zone Establishment has limited liability?
Yes, the owner of a Free Zone Establishment has a limited liability.
Is it possible for the same person to be a Shareholder, a Director, a Company Secretary, and a Manager?
Yes, it is possible for the same person to be a Shareholder, a Director, a Secretary, and a Manager of a company.
Is it allowed to have more than one Manager in a company?
No, it is not allowed to have more than one Manager in a company.
Is it allowed for a person to be a Manager in more than one company?
Yes, it is possible provided that he/she can present a No Objection Certificate (NOC) from his current sponsor that must be obtained in advance.
Is being a resident in the UAE required in case a person will be an owner or a partner in a license?
No, it is not a requirement, especially if an owner is a GCC National or is a partner in a commercial company is holding any other nationality. However, a professional individual establishment must be carried out by a person residing in the UAE.
Is it required for a company Manager to be a resident in the UAE?
Yes, a manager must be a UAE resident.
What are the available Free Zone Licenses in RAKEZ?
RAKEZ issues the following Free Zone licenses:
• Industrial License - used for Manufacturing, importing, packaging and exporting products
• Commercial License - used for Trading in services and goods
• Educational License - used for opening an education-related institution or a consultancy company
• E-commerce License - used for Trading in goods and services via electronic means
• Individual/Professional License - used by one owner with one activity in a specific specialty or expertise
• General Trading License - used for Trading in multiple goods
• Media License - used for operating media-related business activities
• Service License - used for conducting services or consultancies across any industry
What does a Freelancer mean?
An independent professional contractor in the UAE is called a Freelancer. They are operating in the form of a sole practitioner to conduct the permitted profession.
Am I allowed to operate as a Freelancer?
Yes, RAKEZ issues Freelancer's permit to identify them as a sole practitioner, which enables them to conduct business in their birth name as opposed to a brand name. They offer them a wide range of professions related to media and education that are open for freelancers.
Is it allowed for a company to add activities after the license has been issued?
Yes, a company is allowed to add activities once the license has been issued. They also have an option to either add activities on the same license type or a different license type.
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