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.
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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].
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.
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