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Ras Al Khaimah Freezone

Company formation in Ras Al Khaimah Freezone

The Ras Al Khaimah Economic Freezone (RAKEZ) is an investor-friendly destination when it comes to company formation in the UAE. The RAKEZ Freezone currently hosts more than 14000 companies from 100+ countries.

Company formation in RAKEZ is spread out across 5 Economic Free Trade Zones for various industrial activities. The RAK Economic Freezone is the ideal location for businesses that look for a specialized Freezone for their industries to set up.

RAKEZ is an industrial hub and powerhouse that offers customizable solutions to the investors. The Freezone houses large industrial plants, SMEs, startups and also freelancers. There are various company registration packages available in RAKEZ for the investors to explore.

Business Benefits of the RAK Freezone Company

  • 100% Foreign Ownership is permitted in the RAK Freezone Company
  • 100 % Exemption from UAE Corporate Tax for RAK Freezone Company
  • 100% repatriation of capital and profits for the RAK Freezone Company
  • Low-cost business setup
  • Quick and easy company registration
  • Faster bank account opening
  • Top-class infrastructural facilities - Office space, factories, warehouses
  • Proximity and access to the Middle East and Asia region
  • Entitlement of a 3-year visa for the investors

Documents required for RAK Freezone Company Registration

  • Proof of Tradename approval
  • Proof of initial approval for the business activity
  • Passport copies of the shareholders
  • Passport copy and Profile of local contact person
  • Profile of all the investors and concerned stakeholders
  • Lease Agreement (documents) - Physical space for your business/office
  • Supporting documents and clearances as required by the Government Authorities

Company Liquidation in Ras Al Khaimah Freezone

Company liquidation or winding up of a company is when the operation of the company is terminated and the trade license is canceled. The company is no longer eligible to operate its business in the designated region.

Due to the non-profitable stage of the business and falling short of liquid funds to sustain day to day transactions, and hefty outstanding payments or the company committing any serious offense and not adhering to the regulatory authorities are few reasons for winding up of the company.

Company Liquidation is more of a compulsory or voluntary process from the company owner’s. Company liquidation in UAE, Dubai is a well-structured and relatively detailed process that is best to be executed with the assistance of an expert Company Liquidators.

Aurion Business Consultants offer Company Liquidation Services for companies registered with the RAKEZ Freezone as well as other Freezones in the UAE (Hamriya Freezone, Sharjah Airport Freezone, etc.), Offshore and Mainland locations.

Our expert consultants will assist you in Trade License Cancellation in Dubai, License cancellation in Freezone (RAKEZ, SAIF, etc.), legal formalities, obtaining required clearances from the Freezone authorities in the UAE, Labour & immigration clearances, bank account cancellation in UAE and many more.

What are the procedures involved in closing a Ras Al Khaimah Freezone Company?

When it comes to company liquidation in Ras Al Khaimah Freezone, there are few documents required for the trade license cancellation.

  • License Copy
  • Memorandum of Association copy with all the changes
  • Power of Attorney (if any)
  • Shareholder Resolution
  • Shareholder Passport Copy
  • Emirates ID Copy
  • De-registration Application form

Before canceling the trade license and winding up the company, the company has to pass a resolution for winding up of the company in the shareholders meeting. There is no requirement of Notarization of the resolution for dissolution (winding up) in case of Freezone registered companies.

In addition to the documents indicated above, the following clearances are to be obtained from concerned authorities for the cancellation of the trade license of your company.

  • The Resolution from the Company Management for liquidating the entity and the appointment of liquidator
  • Clearance from the Immigration and Labour department of the concerned Freezone jurisdiction. All visas under the company must be canceled.
  • Liquidation letter from the registered auditor to be submitted to the Freezone authority. All outstanding fees for prior documentation are to be settled.
  • For Establishments that have transferred from other Freezones, required clearances are to be obtained from the concerned authorities.

The requirements for company liquidation are continuously changing depending on the Freezone authorities. Hence, on a case to case basis, the authority will inform to obtain necessary clearances if required.

What is the notice period for obtaining the license Cancellation Certificate from the Ras Al Khaimah Freezone Authorities?

Once the above documents are submitted along with the initial payment to the concerned Authority (Freezone Jurisdictions, Department of Economic department), a liquidation certificate (primary) will be issued. It acts as documentary evidence from the concerned authority and enables the company to proceed with the procedures for winding up of the company

After receiving the liquidation certificate (primary) the company can proceed for advertisement in the newspaper. It requires a 45-day notice of liquidation advertisement in a public newspaper for sharing the news of company dissolution with the public.

What is the final step in Company liquidation process in the Ras Al Khaimah Freezone?

After completion of the notice period, the liquidation report (all supporting documents, primary license,) and the copy of the newspaper advertisement to the concerned authorities. post their review and the final payment of the license cancellation fees, the final certificate/license cancellation certificate will be issued.

We have a specialized team that handles Company Liquidations across the Freezones, Offshores, and Mainland in the UAE. With 12+years of experience and liaising with Government Authorities on a regular basis, our team is well aware of the recent government regulations and policies.

With the professional assistance from the expert Business Consultants at Aurion Business Consultants, the Company Liquidation process will be a hassle-free one. Get expert advice by reaching out to us right away!

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Clients Testimonials

  • I am a Japanese Chartered Accountant in NewYork and my Japanese Clients are feeling really comfortable with AURIONs support in UAE Business. Actually I have never seen a firm like you in the USA.

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    - Mr. Nobu Murata - JapanCREARE FZE
  • The most trust worthy professional group I've ever seen

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    - Serge Ndiaye - France SN AERO FZE
  • It’s happy to note that Aurion registered the branch of BVI Company in Dubai Airport Freezone perfectly complying with all legal attestations. Thanks to Syam and team.

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    - Edwin Marshall Berkins – USA MD, PEREGRINE Development International Inc.
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    - Melanie Silke – Germany Mesity FZE
  • The entire job of setting up company in Freezone and getting warehouse was done in one day. Thanks to Aurion team.

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    - Ndibe Obi – Nigeria Next International Middle East FZE
  • I have had the opportunity to share the last several weeks with your consultant. It has been an enlightening experience for me and the other company managers.

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    - Wadi (M.Munther) Wadi Nabulsi - JordanBargain International FZE
  • I thank Aurion for their timely advice. If definitely saved me a lot of money & time.

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    - Chyngyz Shermatov - Kyrgyz Republic Brimpex FZC
  • Aurion is one of the best consulting teams in the UAE for all activities of company formation and related matters. We trust them the most.

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    - Ahmed Walid Halabi - US Managing Director, VSD Global (Branch)
  • AURION team has helped us to find the right location to register our company and we appreciate their professional approach.

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    - Venkata Surya Prakash Bhaskarabhaitla - India24x7Guru.com
  • I am extremely satisfied with the services provided by AURION. They were very professional and got the work done with expediency.

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    - Humaira Siddiqui - PakistanSTRYX FZE
  • Thanks to Aurion's team I am able to concentrate on my work as they handle all other issues in a rapid and professional way.

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    - Mr. Marco - Italy PROGESUB GULF FZC
  • I was very impressed on how fast and efficient the team was in incorporating our company within a few days and the exceptional assistance I received in obtaining my visa well within the time advised.

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    - Kiabod T Mashad - BritainECAP FZE
  • Very friendly, professional and cost effective company that created a stress free company establishment for GQ Holdings.

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    - Adam Wadi - Australia GQ HOLDINGS LTD
  • We feel safe in professional hands of Aurion since 2010 and we are sure we could not feel any safer without them. THANK YOU, AURION!

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    - Mr. Hydyr - Turkmenistan Hibrius
  • AURION Team did a great job in Incorporating our Company within the expected time and without any hassle. We were happy and satisfy with their Service. Thanking you!

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    - Mr. Lukas - Germany JM HYGIENE MIDDLE EAST FZC
  • Simply the best. Trustworthy, Professional and Caring. Highly recommended to anyone who is looking to set-up Free Zone company in UAE.

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    - Mr. Shidan Shabrokh - UK PENRIX FZE
  • AURION was the most professional Company to provide Customers with less experience in the UAE Company Establishment field a comprehensive Service and Support to get the Business started.

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    - Mr. Chris Alan Schubert - GermanyArabian Consulting DWC LLC
  • It was a pleasure working with AURION, really professional, smart people who do their job FAST, EFFECTIVE and with JOY and HAPPINESS for doing the best.

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    - Mr. Marcel Bettim Jacobi - BrasilVictory Global FZE

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