Ras Al Khaimah: Types of Company
Free Zone Company
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.
RAK Free Zone companies must obtain one of the following types of licences: a Commercial Licence; an Industrial Licence; a Consulting and Services Licence; a General Trading licence. See Ras Al Khaimah Tax Efficient Regimes and Sectors for more details about licence requirements in the RAK Free Trade Zone.
The following annual licence fees are applicable for RAK Free Zone companies:
- Commercial Licence AED3,650
- Industrial Licence AED5,000
- Consultancy/Services Licence AED7,500
- General Trading Licence AED15,000
There is also a AED7,000 registration fee and an annual service fee of AED1,200 for RAK Free Zone companies.