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  • SERVICES AND FEES FOR RAK PREMIUM

    Premium package with Flexi-Desk Premium package A*
    + Option of 1 visa

    • This service package includes the full formation fees for the RAK ICC company and the RAK Economic Zone company,
    • Total annual administration fees for both companies for a full 12 months,
    • License fees for a full 12 months,
    • Office rental costs for 12 months – ‘Flexi-Desk’,
    • Our Full-Banking-Service for the opening of a business account in the UAE,
    • Complete documentation for the formation of your companies, including copies,
    • Complete documentation of the ownership structure,
    • Multi-lingual support by telephone, Skype and WhatsApp,
    • Overall advice on setting up your company,
    • Management of your companies for 12 months.
    Complete package RAK Premium* (AED 17,500.00) USD 4,764.30 
    Service fees incl. 1st administration fee, reg. agent fees (AED 07,500.00) USD 2,041.85 
    TOTAL USD 6,806.15 

    *Flexi-Desks are permitted for both trading as well as service activities. The standard and premium office can be used for general trading and services activities. We are happy to provide you with a full overview on allowable activities upon request.


    VISA FEES

    The fees for the investor visa (3-year validity) amount to USD 1,238.71  plus USD 1,500.00  for the visa service.

    Investor visa
    Visa service
    USD 1,238.71 
    USD 1,500.00 
      visa valid for 3 years USD 2,738.71 

    BANKING-SERVICE (UNITED ARAB EMIRATES)

    After the formation of your RAK Economic Zone company, you will receive a document that is essential for opening your respective bank account in the UAE. Furthermore, upon request, we are also happy to support you personally in opening your private account within the UAE. The fee for this Banking-Service is already included in our formation package.

    free of charge

    BANKING-SERVICE (INTERNATIONAL)

    We will support you during the account opening process of your business account or even a FinTech account outside of the UAE. The fee for this Banking-Service is already included in our formation packages.

    free of charge

    Nominee-Service

    Nominee-Director annually   USD 690.00 
    Contract fees one-off   USD 475.00 
    Notarisation fees one-off
     
    Nominee-Shareholder annually   USD 350.00 

    BOOKKEEPING & FINANCIAL STATEMENTS

    The fees for ongoing bookkeeping and financial statement services for your RAK Economic Zone company amounts to USD 1,390.00 - annually, independent of the number of book entries – including financial statements – the payment is due annually, in advance.

    Bookkeeping including annual accounts annually USD 1,390.00 

    Premium package with Flexi-Desk Premium package B*
    + Option of 2 visas max.

    • This service package includes the full formation fees for the RAK ICC company and the RAK Economic Zone company,
    • Total annual administration fees for both companies for a full 12 months,
    • License fees for a full 12 months,
    • Office rental costs for 12 months – ‘Flexi-Desk’,
    • Our Full-Banking-Service for the opening of a business account in the UAE,
    • Complete documentation for the formation of your companies, including copies,
    • Complete documentation of the ownership structure,
    • Multi-lingual support by telephone, Skype and WhatsApp,
    • Overall advice on setting up your company,
    • Management of your companies for 12 months.
    Complete package RAK Premium* (AED 20,500.00) USD 5,581.04 
    Service fees incl. 1st administration fee, reg. agent fees (AED 06,500.00) USD 1,769.60 
    TOTAL USD 7,350.64 

    *Flexi-Desks are permitted for both trading as well as service activities. The standard and premium office can be used for general trading and services activities. We are happy to provide you with a full overview on allowable activities upon request.


    VISA FEES

    The fees for the investor visa (3-year validity) amount to USD 1,238.71 , plus USD 1,500.00  for the visa service. The fees for the employee visa (2-year validity) amount to USD 789.51  + USD 544.49  deposit, plus USD 1,000.00  for the visa service. The listed costs apply per person, per application.

    Investor visa
    Visa service
    USD 1,238.71 
    USD 1,500.00 
      visa valid for 3 years USD 2,738.71 
     
    Employee visa
    Visa service
    USD 789.51 
    USD 1,000.00 
      visa valid for 2 years USD 1,789.51 
    Deposit USD 544.49 

    Banking-Service (UNITED ARAB EMIRATES)

    After the formation of your RAK Economic Zone company, you will receive a document that is essential for opening your respective bank account in the UAE. Furthermore, upon request, we are also happy to support you personally in opening your private account within the UAE. The fee for this Banking-Service is already included in our formation package.

    free of charge

    Banking-Service (International)

    We will support you during the account opening process of your business account or even a FinTech account outside of the UAE. The fee for this Banking-Service is already included in our formation package.

    free of charge

    Nominee-Service

    Nominee-Director annually   USD 690.00 
    Contract fees one-off   USD 475.00 
    Notarisation fees one-off
     
    Nominee-Shareholder annually   USD 350.00 

    BOOKKEEPING & FINANCIAL STATEMENTS

    The fee for ongoing bookkeeping and financial statement services for your RAK Economic Zone company amounts to USD 1,390.00annually, independent of the number of book entries – including financial statements – the payment is due annually, in advance.

    Bookkeeping including annual accounts annually USD 1,390.00 

    Premium package with Standard-Office up to 16 sqm**
    + Option of 4 visas max.

    • This service package includes the full formation fees for the RAK ICC company and the RAK Economic Zone company,
    • Total annual administration fees for both companies for a full 12 months,
    • License fees for a full 12 months,
    • Office rental costs for 12 months – ‘Standard-Office’,
    • Our Full-Banking-Service for the opening of a business account in the UAE,
    • Complete documentation for the formation of your companies, including copies,
    • Complete documentation of the ownership structure,
    • Multi-lingual support by telephone, Skype and WhatsApp,
    • Overall advice on setting up your company,
    • Management of your companies for 12 months.
    Complete package RAK Premium* (AED 22,500.00) USD 6,125.55 
    Service fees incl. 1st administration fee, reg. agent fees (AED 07,500.00) USD 2,041.85 
    TOTAL USD 8,167.40 

    *Flexi-Desks are permitted for both trading as well as service activities. **The standard and premium office can be used for general trading and services activities. We are happy to provide you with a full overview on allowable activities upon request.


    VISA FEES

    The fees for the investor visa (3-year validity) amount to USD 1,238.71 , plus USD 1,500.00  for the visa service. The fees for the employee visa (2-year validity) amount to USD 789.51  + USD 544.49  deposit, plus USD 1,000.00  for the visa service. The listed costs apply per person, per application.

    Investor visa
    Visa service
    USD 1,238.71 
    USD 1,500.00 
      visa valid for 3 years USD 2,738.71 
     
    Employee visa
    Visa service
    USD 789.51 
    USD 1,000.00 
      visa valid for 2 years USD 1,789.51 
    Deposit USD 544.49 

    Banking-Service (United Arab Emirates)

    After the formation of your RAK Economic Zone company, you will receive a document that is essential for opening your respective bank account in the UAE. Furthermore, upon request, we are also happy to support you personally in opening your private or business account within the UAE. The fee for this Banking-Service is already included in our formation package.

    free of charge
    free of charge

    Banking-Service (International)

    We will support you during the account opening process of your business account or even a FinTech account outside of the UAE. The fee for this Banking-Service is already included in our formation package.

    free of charge

    Nominee-Service

    Nominee-Director annually   USD 690.00 
    Contract fees one-off   USD 475.00 
    Notarisation fees one-off
     
    Nominee-Shareholder annually   USD 350.00 

    Bookkeeping & Financial Statements

    The fee for ongoing bookkeeping and financial statement services for your RAK Economic Zone company amounts to USD 1,390.00 - annually, independent of the number of book entries – including financial statements – the payment is due annually, in advance.

    Bookkeeping including annual accounts annually USD 1,390.00 

    Premium package with Executive-Office up to 24 sqm**
    + Option of 6 visas max.

    • This service package includes the full formation fees for the RAK ICC company and the RAK Economic Zone company,
    • Total annual administration fees for both companies for a full 12 months,
    • License fees for a full 12 months,
    • Office rental costs for 12 months – ‘Executive-Office’,
    • Our Full-Banking-Service for the opening of a business account in the UAE,
    • Complete documentation for the formation of your companies, including copies,
    • Complete documentation of the ownership structure,
    • Multi-lingual support by telephone, Skype and WhatsApp,
    • Overall advice on setting up your company,
    • Management of your companies for 12 months.
    Complete package RAK Premium* (AED 25,000.00) USD 6,806.15 
    Service fees incl. 1st administration fee, reg. agent fees (AED 08,000.00) USD 2,177.97 
    TOTAL USD 8,984.12 

    *Flexi-Desks are permitted for both trading as well as service activities. **The standard and premium office can be used for general trading and services activities. We are happy to provide you with a full overview on allowable activities upon request.


    Annual fees

    This premium package already includes all the costs and fees for a full 12 months. These charges, due after the first 12 months amount to the ‘TOTAL’ figure listed above – minus AED 1,000.00. Thus the annual payment in the following year will amount to AED 32,000.00. These charges in general follow a 12-month cycle.


    Visa fees

    The fees for the investor visa (3-year validity) amount to USD 1,238.71 , plus USD 1,500.00  for the visa service. The fees for the employee visa (2-year validity) amount to USD 789.51  + USD 544.49  deposit, plus USD 1,000.00  for the visa service. The listed costs apply per person, per application.

    Investor visa
    Visa service
    USD 1,238.71 
    USD 1,500.00 
      visa valid for 3 years USD 2,738.71 
     
    Employee visa
    Visa service
    USD 789.51 
    USD 1,000.00 
      visa valid for 2 years USD 1,789.51 
    Deposit USD 544.49 

    Banking-Service (United Arab Emirates)

    After the formation of your RAK Economic Zone company, you will receive a document that is essential for opening your respective bank account in the UAE. Furthermore, upon request, we are also happy to support you personally in opening your private or business account within the UAE. The fee for this Banking-Service is already included in our formation package.

    free of charge
    free of charge

    Banking-Service (International)

    We will support you during the account opening process of your business account or even a FinTech account outside of the UAE. The fee for this Banking-Service is already included in our formation package.

    free of charge

    Nominee-Service

    Nominee-Director annually   USD 690.00 
    Contract fees one-off   USD 475.00 
    Notarisation fees one-off
     
    Nominee-Shareholder annually   USD 350.00 

    Bookkeeping & Financial Statements

    The fee for ongoing bookkeeping and financial statement services for your RAK Economic Zone company amounts to USD 1,390.00 - annually, independent of the number of book entries – including financial statements – the payment is due annually, in advance.

    Bookkeeping including annual accounts annually USD 1,390.00 

    Legal Notices

    Privacy Management GroupFZ-LLC regularly checks and updates the information on its websites. Despite all due diligence, it is possible that some facts have changed in the meantime. It is therefore not possible to assume liability or provide any guarantee as to the relevance, completeness or correctness of the information provided. The same applies for all other websites that are accessed through the hyperlinks provided. Privacy Management GroupFZ-LLC is not responsible for the content of websites that are accessed through these links. Furthermore, Privacy Management GroupFZ-LLC reserves the right to make changes or additions to the content provided. In addition to the content and structural copyright protection rights of Privacy Management GroupFZ-LLC websites, the reproduction of information or files, in particular the use of texts, extracts or images, is prohibited without the prior written consent of Privacy Management GroupFZ-LLC.

    None of the content on any of the Privacy Management GroupFZ-LLC web pages represents an individual recommendation nor is it to be understood as an invitation to trade, default or purchase. Privacy Management GroupFZ-LLC also explicitly points out that you should seek advice from experienced tax consultants and/or lawyers, in particular for any cross-border activities. In principle, any income generated domestically or internationally is subject to taxation. It is solely your responsibility to fulfil your domestic and/or international tax obligations appropriately. Privacy Management GroupFZ-LLC does not accept liability under any circumstance. Additionally, our General Terms & Conditions as well as our Data Protection Provisions and Legal Details apply.

    Asset Protection

    CFC-Management-Services

    The taxation of companies on an international level generally follows the principle of decision-making power. A company is thus taxable in the country where ‘Management & Control’ is exercised. In general, international authorities assume that ‘Management & Control’ of a company is exercised in the same country where the general manager/director resides.

    Therefore, if you live outside of Panama, it makes sense to have at least local managing directors/directors in Panama. The level of authority of these Nominee-Directors can be determined individually according to personal needs and legal requirements.

    In addition, in most cases at least one foreign business address or even a foreign business premise is required. For this, we offer appropriate packages, with which this can be verified.

    Note: It is of course also possible to hire local managing directors instead of using nominee directors, should you prefer to do so. We are happy to advise you on the one-off and running costs upon request!

    Annual fees are only due after the first 12 months

    The annual fees are not due for payment until 12 months after the formation of your company in Panama. In the following years the settlement of the annual fees follows a 12-month cycle.

    For example: You establish a company in Panama on 14.07.2019. The start-up fees already include all the costs for the first year, with the exception of costs for optional services. After 12 months, at the latest on 14.07.2020, the annual fees for your company in Panama are due for payment (plus any optional services). Subsequently, the payment date recurs every year on 14th July at the latest.

    Renewal of the management fee annually USD 740.00
    Registered agent annually USD 245.00
    Registered office annually USD 245.00
    Corporate franchise fees annually USD 300.00
    annually

    Annual fees are only due after the first 12 months

    The annual fees are not due for payment until 12 months after the formation of your company in the Seychelles. In the following years the settlement of the annual fees follows a 12-month cycle.

    For example: You establish a company in the Seychelles on 14.07.2019. The start-up fees already include all the costs for the first year, with the exception of costs for optional services. After 12 months, at the latest on 14.07.2020, the annual fees for your company in the Seychelles are due for payment (plus any optional services). Subsequently, the payment date recurs every year on 14th July at the latest.

    Renewal of the management fee annually USD 190.00
    Registered agent annually USD 210.00
    Registered office annually USD 210.00
    Corporate franchise fees annually USD 190.00
    annually

    CFC-Management-Services

    The taxation of companies on an international level generally follows the principle of decision-making power. A company is thus taxable in the country where ‘Management & Control’ is exercised. In general, international authorities assume that ‘Management & Control’ of a company is exercised in the same country where the general manager/director resides.

    Therefore, if you live outside of the Seychelles, it makes sense to have at least local managing directors/directors in the Seychelles. The level of authority of these Nominee-Directors can be determined individually according to personal needs and legal requirements.

    In addition, in most cases at least one foreign business address or even a foreign business premise is required. For this, we offer appropriate packages, with which this can be verified.

    Note: It is of course also possible to hire local managing directors instead of using nominee directors, should you prefer to do so. We are happy to advise you on the one-off and running costs upon request!

    CFC-Management-Services

    The taxation of companies on an international level generally follows the principle of ‘location of decision-making power’. A company is thus taxable in the country where ‘Management & Control’ is exercised. In general, international authorities assume that ‘Management & Control’ of a company is exercised in the same country where the general manager/director resides. .

    Should you intend not to take on the position of local manager/director, despite having an investor visa, we can provide you with the appropriate trustee-service that will manage this position for you – a nominee is a natural person residing in the UAE. Similarly, should you not wish to officially appear as a shareholder of your Freezone-company in RAK, even in this case we can satisfy your requirements through the use of an appropriate Nominee-company. Let’s talk about it, we are at your disposal!

    CFC-Management Packages

    The international CFC-Rules are of particular importance when a Panama company wants to, for example, send invoices to companies based abroad.

    Each country implements CFC-Rules on a national and individual basis and thus makes different demands on the substance and structure of a foreign company. For the benefit of your customers, business partners and contractors and with the aim of not losing them, for example through ‘denied business expenses’ in your country of residence, you should adapt your company to international standards. In regards to this we can support you with one of our management packages.

    CFC Management Packages

    The international CFC-Rules are of particular importance when a Seychelles company wants to, for example, send invoices to companies based abroad.

    Each country has implemented the CFC-Rules on a national and individual basis and thus makes different demands on the substance and structure of a foreign company. For the benefit of your customers, business partners and contractors and with the aim of not losing them, for example through "denied business expenses" in your country of residence, you should adapt your company to international standards. In regards to this we can support you with one of our management packages.