Type

Charges (AED)

Charges (US $)

Licenses *

Commercial License

Consultancy License

General Trading License

Industrial License

28,750/ year

30,750/ year

35,750/ year

33,500/ year

7,672/ year

8,425/ year

9,795/ year

9,178/ year

Facilities (optional)

Office space

Warehouses

85 - 100/sq.feet/year

200-240/m2/year

24-28/sq.feet/ year

55-66/m2/year

Other charges

MOI (one time)

RAK Sponsorship fees (optional)

2,500

25,000 for first year

685

6,850 for first year

*Licenses fees inclusive of: registration charges, immigration file opening, certificate of incorporation, RAK Chamber of commerce certificate, municipality license, license fees, registration with Economic Department and service charges.

Economic Department registration fees vary based on company’s activity and capital.

Capital required: From AED 200,000. – AED 500,000.-

Time frame: two weeks

Rates to be checked prior incorporation.