1. Types
of Trade Licenses Available and Fees per annum
Every
company operating within the RAK FTZ is required
to obtain a business license. A
business license is a time-limited permit
granted to a company to undertake commercial,
consulting,
service or industrial activities within the
RAK FTZ. It does not, however, authorize
the holder to do business in the UAE - a special
agent has to be appointed for trading activities
in the UAE market.
Activities Allowed
AED*
US$**
Commercial
Import,
export, distribution, or warehousing
of goods (maximum of
two different product lines or
seven similar product lines are
allowed
as per the "Standard Classification
of Economic Activities in the UAE")
3650
1000
Consultancy
Any type of management, marketing,
business or industrial consultancy
7500
2055
General Trading
Import, export,
distribution or warehousing of an
unlimited number
of product lines or goods.
15000
4110
Industrial
Import of raw materials, manufacturing,
processing, assembling, packaging,
export of finished products.
5000
1370
One Time Registration Fee (for FZE & FZC
only)
7000
1918
Each license is valid for one year starting
from the date of issue and must be renewed
annually.
Advantages:
•
100% tax
exemption
•
100% foreign ownership
•
100% capital & profit
repatriation
•
Transparent laws and
regulations
•
Strategic location
with access to over 1.2 billion consumers
•
State-of-art communication
facilities
•
Simple and fast application
procedures
•
The Industrial Park
and Technology Park are in close proximity
to sea port and international airport
•
Abundant energy supply
•
Promotion
centers in Dubai, Abu Dhabi & Ras Al
Khaimah.
