Starting form just USD 4395!
Full description of License Renewal process for UAE companies
Managing a new business can be very hectic. You can easily lose yourself in this day-to-day routine and such an important aspect as renewing companyâ€™s license may slip away from your focus.
We are always alert, keep you updated and will remind you to renew your company on time.Ras Al Khaimah International Company (RAK ICC) renewal
International Company does not have a license, however it still needs to be renewed not later than the date as it was registered on the yearly basis (for example, if your company is registered on January 1, 2016, you have to renew it not later than the December 31, 2016). An application for renewal of an International Company is highly recommended to submit one month prior the due date. Failure of applying on time may cause late renewal and penalty fines. We will contact you accordingly a month before your due date, and make sure your company is properly renewed.Required documents: All the renewal arrangements will be held by us - your Registered Agent.
Advantages & Disadvantages
- 100% foreign ownership
- 100% tax exemption
- Low cost of business registration and annual renewal
- Corporate ownership is allowed
- Perfect solution for assets protection
- High level of confidentiality
- Ability to have corporate bank account in UAE
- Ability to own real estate or commercial premises (limitations applicable)
- Multi-activity is allowed
- Conduct business in the UAE or with its residents
- No residence visa applicable
- Banking, aviation, insurance activities are prohibited (however the company can have a bank account in UAE)
Free Zone License Renewal
Legal entities that are registered in the UAE Free Zones must follow the license renewal process every year. The procedure includes payment of administrative fees and submission of necessary documents. The set of required documents may slightly differ depending on the place of incorporation, but generally it remains very similar between the authorities.
Some UAE Free Zones require a company to submit an audit report. With help of our respective partners we will take care of this point and prepare your company for annual renewal.
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