Setting up your business in Ras Al Khaimah Freezone is a straightforward process. Here are the steps:
Step 1: Define Your Business & License Type:
- Decide exactly what your business will do.
- Choose the best license type from RAKEZ's options.
Step 2: Choose a Company Name:
- Pick a unique company name. It must follow UAE naming rules.
- Send it to RAKEZ for approval and to save it.
Step 3: Select Your Company Type:
- Decide on the type of company:
- Free Zone Establishment (FZE): For one owner.
- Free Zone Company (FZC): For two or more owners.
- Branch Office: This is an extension of an existing company.
Step 4: Choose Your Office Space:
- Select the type of office space you need (shared desk, private office, warehouse, or land).
Step 5: Submit Documents & Application:
- Provide all the required personal and company documents.
- Fill out the application forms. Send them to RAKEZ.
Step 6: Sign Legal Documents:
- Sign the necessary company agreements (like the main company agreement or lease agreement). This can often be done remotely.
Step 7: Pay Fees:
- Pay the fees for your chosen license, registration, and office space.
Step 8: Receive Your License & Company Documents:
- Once approved, RAKEZ will give you your business license and other legal papers.
Step 9: Open Corporate Bank Account:
- Use your new company documents to open a business bank account in a UAE bank.
Step 10: Apply for Visas (if needed):
- If you or your employees need to live in the UAE, you can then apply for visas. This includes medical tests and getting the Emirates ID.