Incorporation of a Сompany in RAKEZ Free Zone (UAE) + Payment Account

  1. Jurisdiction: Economic Zone of Ras Al Khaimah (RAKEZ) located in Ras Al Khaimah emirate (UAE).
  2. Type of a company: Private company limited by shares.
  3. 100% foreign ownership is allowed (allows full control for international investors).
  4. Maximum 5 shareholders.
  5. Legal system: RAKEZ regulations plus UAE legislation.
  6. Account: payment account in a Payment Service Provider.
  7. Incorporation takes approximately 7 working days upon submitting all documents.
  8. Opening account – approximately 5 days after registration of a company.

In summary, RAKEZ free zone company incorporation provides a balance of simplicity, speed, and flexibility, making it an attractive option for businesses seeking a straightforward and efficient setup process in the UAE.

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Incorporation of a Сompany in RAKEZ Free Zone (UAE) + Payment Account

Incorporation

Possible types of activities

You can choose on these types of licences:

  1. Industrial.
  2. Educational.
  3. E-commerce.
  4. General trading.
  5. Holding (allows to hold shares in other companies)
  6. Commercial.
  7. Media.
  8. Professional.
  9. Services.
  10. Single family office.

Fees

Licence fee starts from 5,000 USD*

*The exact amount of fee depends on i) number of licences and ii) number of visas, and will be provided upon completion of our questionnaire.

Our fees:

  • For assistance with opening a payment account in Payment Service Provider – 3,000 USD
  • Adjustment of the Articles of Association – upon request if required
  • Shareholders Agreement – upon request if required

For whom suitable

Incorporation of a company in the RAKEZ free zone is particularly suitable for businesses with relatively simple corporate structures. Here’s why:

  1. Small Shareholder Base
  2. Closed Shareholder Register
  3. Streamlined Registration
  4. Flexible Memorandum of Association
  5. Minimal Paperwork
  6. Cost-Effective

This setup is ideal for:

– Small to medium-sized enterprises (SMEs)

– Startups with a clear ownership structure

– Family-owned businesses

– Professional service firms

– Trading companies with straightforward operations

While RAKEZ free zone company formation offers many advantages for simpler business structures, it may not be the best fit for companies planning complex shareholding arrangements, multiple share classes, or extensive employee stock option plans. For such needs, other jurisdictions like ADGM might be more appropriate.

Process

  1. Click on “Submit Request” – you’ll be redirected to fill in a brief questionnaire.
  2. Once our KYC requirements are met, we’ll provide the detailed fees and a checklist of documents needed for company setup and account creation.
  3. Complete the payment for our services.
  4. Obtain your registration documents.
  5. Receive details for your payment account.

Disclaimer

The company incorporation and payment account opening services offered by our law firm are subject to our internal Know Your Client (KYC) procedures as well as those required by the relevant free zone authorities. Please note:

  1. Service Provision: We do not guarantee the provision of this service before the successful completion of all required KYC processes.
  2. KYC Requirements: Our KYC procedure includes, but is not limited to, receiving and verifying information about the Ultimate Beneficial Owners (UBOs) of the client entity.
  3. Documentation: Clients must provide all requested documentation and information in a timely and accurate manner.
  4. Regulatory Compliance: Our services are provided in strict adherence to local and international regulatory requirements.
  5. Right to Refuse: Lurye Legal Consulting reserves the right to refuse service if KYC requirements are not met to our satisfaction or if we identify any potential legal or regulatory risks.
  6. Time Frame: The duration of the incorporation process may vary depending on the complexity of the client’s structure and the promptness of information provision.
  7. Additional Checks: In some cases, enhanced due diligence may be required, which could extend the incorporation timeline.

By engaging our company incorporation services, you acknowledge and agree to comply with these KYC requirements. Lurye Legal Consulting is committed to maintaining the highest standards of legal and ethical business practices.

Click on "Submit Request" - you'll be redirected to fill in a brief questionnaire.

Submit Request

Contacts

If you have any questions, please contact us

Whatsapp: Write to us

Email: hello@luryelegal.com

Al Khatem Tower - 15 Floor - Al Maryah Island - Abu Dhabi Global Market Square - Abu Dhabi - United Arab Emirates