Fortunum Investments Ltd.

If your business has more than one partner and upto 5 partners, then the RAKFTZ - Free Zone Company is the ownership option that you should choose. Commonly reffered to as an "FZC", the incorporation process is quick and surprisingly efficient when compared to other partnership or multiple-owner businesses elsewhere in the world.

Highlights and Features of the RAKFTZ - Free Zone Company

• Allows from a minimum of two owners to a maximum of 5 owners. (If you wish to have more owners/shareholders please read this FAQ - Can I have more than 5 shareholders?)
• The President, Secretary and Manager of the company can be the same person.

Required Documents - RAKFTZ - FZC

• Project Description - You will have to provide us with a brief description of the intended business. This does not have to be a complete business plan. However, we will be happy to receive one if you have already prepared one. The project description should contain the following information:

  • The Goods or Services that you will be providing

  • The countries you will import your goods from

  • The countries that you will be providing your goods or services to

  • Any special requirements such as manufacturing, power, waste management, road access or warehouse facilities

  • A summary of your qualifications, experience as well as the qualifications and experience of your mangement team or workforce.

• Identification Papers - Passort Copies of the Investor and the person who will be appointed as the manager of the RAKFTZ company. Please note that the Investor can also be the Manager.
• Capital Adequacy - A Bank statement of the Investor showing a minimum balance of UAE Dirhams 100,000 for a RAKFTZ Commercial License, RAKFTZ Professional License or RAKFTZ Industrial License. A minimum balance of UAE Dirhams 500,000 is required for a RAKFTZ General Trading License.
• Board Resolution - A Board Resolution has to be produced and signed by all the Partners requesting for the incorporation of the company. This document is a standard format prepared by the Ras Al Khaimah Free Trade Zone - We will provide you with this document.
• Memorandum & Articles of Association - A Memorandum and Articles of Association has to be singed by all the partners. This document is a standard format prepared by the Ras Al Khaimah Free Trade Zone - We will provide you with this document.
• Power of Attorney Appointing a Representative - The Board Resolution stated above should appoint one of the partners or a resident manager as the representative of the RAKFTZ company. A Power of Attorney should be executed by all the partners in the name of this representative. This representative can either be one of the partners or a manager you will hire to run the RAKFTZ company.

Additional Requirements - RAKFTZ - FZC

• No Objection Letter - If one of the partners already has a residence visa in the UAE, a "No Objection Letter" or "NOC" is required from your current sponsor. The NOC should clearly state that your current sponsor has no objection to you becoming an investor in the RAKFTZ FZC.
• Academic Qualifications for Consultancy License - If you are applying for a RAKFTZ Consultancy License, you will have to provide copies of your University Degree Certificates to prove your competence to provide Consultancy Servcies as well as a copy of your Curriculum Vitae or Resume to prove your experience in the field.
• RAKFTZ Industrial License - If you wish to establish a RAKFTZ Industrial License, you will have to provide the following documents also;
  • A Feasibility Study
  • An Environmental Impact Assessment
  • Plant Layout
  • Equipment List
  • Detailed Manufacturing Process Description
  • Storage and Handling Requirements and Plan
  • Waste Management Plans
  • Effluent Treatment Plans
  • Electricity and Water Requirements
  • Detailed Business Plan

RAKFTZ - FZC Incorporation Procedure

The RAKFTZ -FZC Incorporation Procedure has two stages. Please click on the links below to obtain more information;

• RAKFTZ Compay Incorporation Procedure
• RAKFTZ Visa Application and Stamping Procedure