Overview
Advanatages
Other benefits also include:
Documents required
Getting copies of family books and national ID
The trade name certificate requirements
The tenancy contract is a certified copy.
The ownership certificate and copy of the land map
getting the consent of legal affairs
The signboard and license application form
Getting approval from the ministry of economy
Get the technical evaluation report.
The no objection letter, visa, passport, and residence certificates are photocopies.
If required, getting all important approvals from the government entities
The certification of the partnership contract from the notary public
Selecting Your Corporate Structure in RAK Mainland
Limited Liability Company
The most typical business structure is a limited liability company. A firm can establish as an LLC with a minimum of two owners and a maximum of fifty.
Free zone Company
Company in the Free Zone A Limited Liability Company (LLC) is a Free Zone Company (FZCO). A minimum of two shareholders and AED 250,000 in capital are required.
Free Zone Establishment
A single person or a corporate organization may own this sort of business. Setting up a Free Zone Establishment requires a minimum initial investment of AED 150,000.
Public/Private Shareholding Company
A Public Joint Stock Company must have a minimum of 10 shareholders to qualify as a Public/Private Shareholding Company. There are at least three in a private joint stock. A private joint stock company's shares cannot be made public, in contrast to those of a public joint stock company.
Joint Venture Company
A joint venture is a legally binding arrangement between a foreign and a local party.
International Business Company
There are no restrictions on the number of shareholders or directors for an international business company. There is no requirement for shareholders to convene annual meetings or submit audits.
