Low Cost Tax Shelter

Ras Al Khaimah Company Formation | Low Cost Tax Shelter

Ras Al Khaimah company formation: RAKIA free zone start-up cost, documents required, employee visa

Ras Al Khaimah company formation: RAKIA free zone companies are absolutely tax-free. No income, wealth, capital gains, or sales taxes are levied.

Please invest 2 minutes of your time to watch the video below. It spells out how you can benefit. Or if you prefer to read, then feel free to skip the video and go straight to the text below:

Ras Al Khaimah company formation: Get a free quote by filling your details in the form on the right and discover how to become a low-cost tax shelter

RAK company formation in Ras Al Khaimah Investment Authority (RAKIA) free zone starts at AED 21,000 [US$ 5,753], not including minimal office space for a commercial trading license. This financial fee goes up for different license types and company types and other license setup costs are more.

RAK company formation register renewal fee starts at AED 15,000 [US$ 4110].

Ras Al Khaimah Company Formation | Low-cost Tax Shelter

Varal Team Member

Ras Al Khaimah company formation: Get a free quote by filling your details in the form on the right and discover how to become a low-cost tax shelter

Documents required are:

  • Your passport
  • Utility bill from your residence as proof of address

RAK company formation minimum capital accounts that are registered is around AED 150,000 [US$ 41,100]. However, this need not be shown as paid. No proof is demanded. If there is only one shareholder, then personal presence is not required.

 What if you need employee visas?

If you need any employee visas you need to have a shared Flexi-desk established at about AED 8,000 [US$ 2,200] per annum terms. This allows you to be eligible for ownership of legal visas. The 1-year limit visa costs are around AED 5,500 [US$ 1,512].

RAKIA free zone foreign company formation fee for completing the licensing process is AED 13,000 [US$ 3562] but can be lower depending on your requirements. The cost of processing the visas is separate. For this fee, you get an absolute commitment to ensure that your work is completed at the earliest possible.

The specific agent activities that you need to do in your company will define the kind of annual license you need for your users.

Ras Al Khaimah Company Formation | Low-cost Tax Shelter

Varal Team Member

Ras Al Khaimah company formation: Get a free quote by filling your details in the form on the right and discover how to become a low-cost tax shelter

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Low Cost Tax Shelter was last modified: March 14th, 2021 by Ramapati Singhania

Ramapati Singhania

He strives for excellence in all he does and brings out the best in his people through guidance, a strong vision and support. He is exceptionally open-minded, flexible, dependable, understanding and straightforward in all words and actions and encourages personal as well as professional growth.

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