TMCnet Feature
November 29, 2021

Documentation You Need for a Business Set Up in UAE

Residential VISA

It is the first document you need for a company setup in Emirates. The VISA recognises you as an expatriate who can work or set up a business in any emirates. It can also sponsor your spouse or family member to either work or stay with you. The residency VISA is a necessary document in incorporating a company with RAKICC.

Company Registration

RAKICC registers 5 types of corporate organisations; limited by shares, limited by guarantee, Unlimited Company, Foundation or a Premium Product. If you want to register a company or a foundation, you need an agent. Premium Products organisations must have a registered parent company within the RAK Free Zone.

Trade Licence

Most RAK free zone companies use free zone licenses since their trading arrangement is unique. However, businesses that sell their goods online require an e-commerce license. It is criminal to operate a business without a trade license in the whole of the UAE.

Bank Account

Setting up a bank account needs incorporation documents and a residency visa. There are several options, including The Emirates NBD, ADCB, Dubai Islamic Bank, First Abu Dhabi Bank, among others. Look for one that suits the purpose and is in the right location. If the business has a high cash flow, consider a bank with dedicated client service.

Tax Compliance

Businesses run by foreigners and operate online or in the free zone should be tax compliant. The setup and management of taxes need a tax agent who can coordinate its compliance and remission. Experienced business people can handle it in-house, but start-ups need guidance to avoid getting in trouble with the law.

Other equally important features when setting up a business in the UAE are licence renewals, accounting and auditing services. They mainly apply to small businesses due to their limited capacity.

How Can FreeZoneMarket.AE Help?

FreeZoneMarket.AE is a one-stop-shop for all business setup services. It can processes all the business set up in UAE documents online and deliver the documents. From residency visa processing to trade license processing and set up and renewal of company registration. You can get its services in the whole of UAE, including RAK.

If you are still new in the Emirates, outsource FreeZoneMarket.AE for all your business setup services. Their influence makes the entire process easier and can get you the cheapest free zone license in the UAE.

Reaching Out to FreeZoneMarket.AE

  • Send your request via their website asking for a quote. A FreeZoneMarket.AE attendant will contact you to confirm the authenticity of your request.
  • FreeZoneMarket.AE will then send you a quote based on your request. Charges are exact, with no registration or administration fees.
  • After you okay the process, pay in the invoiced amount via wire transfer, cheque or cash. FreeZoneMarket.AE will process your license.

The Benefit of Using FreeZoneMarket.AE Business Setup Service

  • Faster documentation processing - you get all business documentation from one place.
  • No Intermediaries - you directly deal with the service provider, which saves time and money.
  • Tangible Experience - the service has been in existence since 2013. They understand all procedures, which makes the processing faster and efficient.
  • Service in Multiple Languages - FreeZoneMarket.AE staff are fluent in French, Arabic, English, Tagalog, Urdu, Hindi and Spanish.
  • Free Consultation - besides business setup services, FreeZoneMarket.AE can advise you on a range of issues, including the best business ideas in the UAE.
  • Services cuts across all UAE Free zones - if you want to move or set up other business in the other emirates, FreeZoneMarket.AE is your go-to partner. They can process all business setup documents and licenses in the UAE.

Why Invest at RAK

The Emirates is growing fast to match up with the others in the region. There is room for any foreign investors, making it attractive for business prospects.

Its tourism numbers are also growing, year-in-year-out. RAK’s proximity to Dubai and the other gulf countries places it at the centre of Africa and Asia.

RAK Free Zone offers attractive tax plans for foreign investors. There are no corporate or income taxes, making it attractive for foreign direct investment. To crown it all, you can expatriate 100% profits.

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