Home » Ras Al Khaimah » Fees and timelines

Fees and timelines in 2024

Fees

payment by instalmentThe average total fee per RAK entity type is outlined in the table below. These fees include business registration, opening a corporate account and all estimated government fees:

RAK free zones Year 1 Cost Year 2 Cost Draft Invoice
Free zone company US$19,605 US$11,182 View invoice PDF
Joint stock company US$23,400 US$10,469 View invoice PDF
Branch of a foreign company US$23,400 US$10,469 View invoice PDF
Representative office US$23,400 US$5,519 View invoice PDF
RAK Commercial agency US$16,200 NA View invoice PDF
RAK Turnkey solution US$26,600 US$5,769 View invoice PDF

Other fee considerations

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