Question 1

What is the cheapest way to set up a company in RAK?

Accepted Answer

RAKEZ typically offers the lowest government fee for general trading and consultancy licences, starting from AED 12,500.

Question 2

How long does RAK company formation take?

Accepted Answer

RAKEZ and RAK ICC take 3–5 days; Innovation City 5–7 days; Maritime City 7–10 days; mainland 10–14 days.

Question 3

Can foreigners own 100% of a RAK company?

Accepted Answer

Yes. Free-zone companies and most mainland activities allow 100% foreign ownership.

Question 4

Do I need to visit RAK to set up?

Accepted Answer

No. RAKEFZ handles the entire process remotely. Some banks may require an in-person visit for account opening.

Question 5

What is RAK ICC used for?

Accepted Answer

RAK ICC is the offshore registry for holding companies, asset protection and international trading with no local office requirement.

Question 6

Can I get a UAE visa through my RAK company?

Accepted Answer

Yes. RAKEZ, Innovation City, Maritime City and mainland companies can sponsor investor, employee and family visas. RAK ICC cannot.

Question 7

What are the annual renewal costs?

Accepted Answer

Renewal costs vary by zone and activity. RAKEZ licence renewals typically start from AED 8,500 plus service fees, visas and insurance.

Question 8

Do RAK companies pay tax?

Accepted Answer

UAE corporate tax is 9% only on profit above AED 375,000 per year. Personal income tax is 0%.

Question 9

Can a RAK company trade in Dubai?

Accepted Answer

Mainland companies can trade anywhere in the UAE. Free-zone companies trade with the mainland through a distributor or by opening a mainland branch.

Question 10

How do I get started with RAKEFZ?

Accepted Answer

Click Start the wizard, answer a few questions, upload your documents and receive an instant all-in quote.

Frequently asked questions

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