Setting up a company in Ras Al Khaimah and Dubai can be a complicated job for migrants. Over the last few years lots of Free Zones have commenced to assist freelancers, advisers and small businesses acquire a license to run here in the RAK. Regardless of major advantages of Free Zones, there are lots of essential factors to be aware of. When thinking about the Ras Al Khaimah Free Zone Company Formation in various Free Zones all over RAK and Dubai, make sure to ask the following questions.
What are the major costs when setting up a company in a Free Zone?
Sometimes Uae Free Zone Setup explain that you can establish at low cost, but the fact is there are several necessary costs, which quickly count.
Within any Free Zone there are five major costs include;
- Trade Name Reservation
- Trade License
- Office Rental
- Visas and other ancillary costs
These can be further considered into unique fees and annual charges. Start A Company In Dubai However, the registration fees are quite lower, once all the further charges are included in, it is tough to commence in any Freezone for less than 30,000 AED (based on a effective office arrangement).
How much is the trade license?
Company trade licenses start from AED10, 000 to AED20, 000 yearly that depends on the number of activities or services that you want to provide. Usually plenty of activities start from 2-10, and the Free Zone will create a list of the legal activities. Charges differ a little bit between the different free zones, but not more.
3. What are major benefits to start a company in Ras Al Khaimah Free Zone Company Formation?
There are lots of benefits to setup a company in a Free Zone, such as:-
- 100% foreign ownership
- 100% repatriation of capital and profits
- 100% corporate and personal income tax exemptions
- Exemption from all import and export duties