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RAK Free Trade Zone Company Formation

RAK Free Trade Zone Company Formation. Presented By Raif R S. Personal Profile. Raif R S Business Consultant Masters In Marketing Management With ADAM’s From Past 7 months. Agenda. About RAK FTZ Benefits Facilities Company types Type of Licenses Setup Process License cost

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RAK Free Trade Zone Company Formation

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  1. RAK Free Trade Zone Company Formation Presented By Raif R S

  2. Personal Profile Raif R S Business Consultant Masters In Marketing Management With ADAM’s From Past 7 months

  3. Agenda • About RAK FTZ • Benefits • Facilities • Company types • Type of Licenses • Setup Process • License cost • Document Check List

  4. About RAK FTZ • Established in 2000, One of the fastest-growing and most cost-effective free trade zones in the UAE and home to some 6,000+ active companies. With reputation for affordability, flexibility and broad geographical reach, RAK FTZ are rapidly emerging as the preferred business hub in the region, from which investors, of all origins and industries, can easily access and branch into the emerging markets.   Commitment to simple and customer-friendly procedures is recognized throughout the region. Clients enjoy the widest range of facilities and value added services.

  5. Benefits • 100% Foreign ownership • No Corporate or Income taxes • No restriction on Full repatriation of funds • Availability of Serviced Offices, Pre Built warehouses and Land • Long term renewable lease • No import or re-export duties • No restriction on hiring foreign employees • Mortgage facility for all improvements made on the leased land. • A Gateway to Emerging market • 6000 SME’s from around 106 Countries • Customized Packages

  6. Facilities • Standard Offices • Executive offices • Temporary warehouse • Land for Development • Service Block Facilities • Shell and Core offices

  7. Company Types • Branch Company ( Local and Foreign ) • Free Zone Establishment ( FZE ) • Free Zone Company (FZC )

  8. Type of Licenses • Commercial License • General Trading License • Consultancy/Services License • Industrial License

  9. Setup Process

  10. License Cost Minimum share capital required ( Commercial or Consultancy ) – AED 100,000 (USD 27,400) Minimum share capital required ( General Trading ) - AED 150,000 (USD 41,000). Registration Fee - 7,000 ( One time ) Flexi Desk – 10,300 (Yearly) Admin Service Charges – 1,200 ( Yearly ) License Fee Commercial License - 3,650 (Yearly) Consultancy or Service License - 7,500 (Yearly) General Trading License - 15,000 (Yearly) ADAM Consulting Fee – AED 8,000 – 10,000

  11. Documents Check List • Application form • Brief project description • Copies of passport(s) • Bank reference letter • List of Trade Names form • Declaration form • Additional documents as required by the Licensing Department

  12. Questions and Answers session

  13. Thank You

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