Fees and timelines in 2022

Fees

payment by instalmentIncorporation costs in Year 1 amount to US$4,850 and annual company costs in Year 2 and thereafter amount to US$1,300. The average fees per engagement amounts to US$21,800, including company incorporation, and corporate bank account. Refer to draft invoice embedded here.

RAK free zones Year 1 Cost Year 2 Cost Draft Invoice
Free zone company US$21,800 US$11,200 View invoice PDF
Legally tax exempt LLC US$11,870 US$4,470 View invoice PDF
Tax resident LLC US$23,400 US$10,400 View invoice PDF
Joint stock company US$23,400 US$10,400 View invoice PDF
Branch of a foreign company US$23,400 US$10,400 View invoice PDF
Representative office US$23,400 US$5,450 View invoice PDF
RAK offshore company US$8,100 US$3,500 View invoice PDF
RAK Commercial agency US$16,200 NA View invoice PDF
RAK Turnkey solution US$26,600 US$5,691 View invoice PDF

Timelines

The average Ras Al Khaimah company registration period is 15 weeks as outlined below:

ras al khaimah business registration engagement period timeline

  • Preparing a detailed project plan;
  • Our Client confirms the corporate structure;
  • Collecting due diligence from our Client.
  • Our Client signs the corporate bank account opening forms;
  • Healy Consultants prepares a business plan;
  • Healy Consultants visits the bank for interview;
  • The Bank Legal and Compliance Department review and approve the banking application;
  • The Bank Front Office email corporate bank account numbers to our client.
  • The Bank Operations Department mails the internet username and passwords to our Client;
  • Some of our Clients’ request Healy Consultants to activate the internet banking on their behalf.
  • Healy Consultants confirms all Client due diligence is received;
  • Healy Consultants couriers to our Client the complete original company and bank account documents;
  • Our Client completes our web page feedback survey;

Contact us

For additional information on our company registration services in Ras Al Khaimah, please contact our in-house country expert, Ms. Chrissi Zamora, directly:
client relationship officer - Chrissi