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Ras Al Khaimah: Law of Offshore

Free Trade Zone Law

The Ras Al Khaimah Free Trade Zone was established in 2000.

Free Zone Licensees are not permitted to display or sell their products or services themselves directly in the local market. However, the holder is permitted to operate outside the UAE. Retail trading is not allowed inside the Free Zone Parks.

A Free Zone Company (FZCO) is a limited liability company incorporated with RAK Investment Authority, by more than one shareholder with a distinct legal entity and independent financial liability. The Capital requirement for setting up FZCO with RAK Investment Authority Free Zone is AED250,000.

A Free Zone Establishment (FZE) is 100% owned by either a person or a corporate body. It enjoys the status of a separate legal entity. The Capital requirement for setting up a FZE with RAK Investment Authority Free Zone is AED 150,000.

Local or UAE Branch Licences are issued to companies holding a valid licence from any UAE licencing authority except from other free zones.

Foreign Branch Licences are issued to companies outside the UAE seeking to open a branch in the RAK Investment Authority Free Zone. The ownership of the company must be 100% foreign and sales can be made through a UAE-registered agent or a distributor only. The activity may be industrial, commercial or professional/services-based.

Only after obtaining the necessary licence can a business apply for the approved number of visas and commence business activities in the free zone.

Please see Labour Regulation for more details about Free Zone licences and employee visas.

 

 

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