Ras Al Khaimah
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It is the northerly Emirate at UAE’s West Coast. The total area is about 1684 km2 & ranks fourth among the seven emirates in terms of area. The population of this Emirate is 928, 360.There are fertile lands in Ras al Khaimah at the foot of the mountains. It also has archeological sites & tourist attractions.
With over 7,000 years of fascinating history and culture, Ras Al Khaimah is the perfect getaway from everyday life. Offering magnificent landscapes, breathtaking coastlines and rich, terracotta desert planes, the emirate has firmly established itself as one of the most authentic destinations in the Middle East. With year-long sunshine and 64 kilometers of white sandy beaches, just 45 minutes from the busy metropolis of Dubai, Ras Al Khaimah offers an entirely unique experience from its neighboring emirates.
The economy of Ras Al Khaimah relies on the performance of the industrial, business, agricultural & service centers. There are several large size industries depending on local resources, as this Emirate is rich with minerals & raw materials. Traditional occupations of this Emirate are mainly fishing, trading & agriculture, which have been heavily modernized to meet the demands of UAE’s economy.
Free Zones in Ras Al Khaimah
Frequently Asked Questions
Free Zone Companies are registered and listed with a Free Zone Authority (e.g DMCC). A DMCC Free Zone Company does not require you to have any Local UAE Citizen Partner and can be 100% owned by any foreign citizen and/or company.
DMCC Free Zone companies can be registered as an Individual, Branch, and/or Subsidiaries of Local UAE or Foreign Companies.
Yes, you can choose any name yourself. However, the registration will go through the DMCC Authority and Dubai Economic Department approvals.
The number of employees you can hire depends on the Office Space you lease. If you require more visas than the allocated number, additional fees are applicable. At Mayfair Executive Office, you get 3 Visas and 1 PIC per office, regardless of the size.
It is mandatory to acquire a facility upon issuance of the License. You can either rent or buy a Flexi Desk, Serviced Office, Physical Office, Retail Space and Warehouses or Open Land for Industrial Units.
Having an office facility is a mandatory. DMCC Free Zone companies are only allowed to have an Office Facility inside DMCC Free Zone in Jumeirah Lakes Towers (JLT).
DMCC provides three types of visas: employment visa, dependents residence visa, and business visit visa.
The amount of the Share Capital varies depending on the chosen activity. A minimum required Share Capital for a Service/Commercial Trading License is AED 50,000; and AED 1 Million for General Trading. This amount must be deposited in the company’s bank account and once Share Certificate is issued by the bank, money can be withdrawn thereafter.
Yes, you can and there is a wide variety of good banks to choose from.
Yes, you are allowed to trade locally and internationally but subject to the Rules and Regulations of DMCC Free Zone.
The documents and the company setup costs will depend on the activity chosen. To get a better idea about the costs involved, click here.
Company formation in DMCC has a minimum processing of 3-6 weeks. However, the speed of approvals will depend on the chosen activity, certification and attestation requirements.
Yes, Park Avenue Offices has a team of professionals well versed with the DMCC rules and regulations and will help you with all documentations and procedures.
*Terms & Conditions apply.
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