Aug 02, 2009
DDS, thanks for the info. Several months back I was looking also some info for cheap alternatives such as RAK FZ, Knowledge Village, and Dubai non-FZ.
"Every company operating within the RAK FTZ is required to obtain a business license. A business license is a time-limited permit granted to a company to undertake commercial, consulting, service or industrial activities within RAK FTZ. It does not, however, authorise the holder to do business in the UAE - a special agent has to be appointed for trading activities in the UAE market. Each license is valid for one year starting from the date of issue and must be renewed annually."
I couldn't download the PDF flyer on the site to see the details, it's corrupted. However at a point they mention $5000 ish, excluding "special agent" fee to do business outside FZ.
Once I checked with KV, it needs at least 30K to get license (freelance license) and office space rental is mandatory. I asked for consulting business type but what they have is only training business type.
At another website like keybusiness.ae (or you can find also on GulfNews classifieds), starting 15K for non-FZ trade license. This is much better than RAK FZ, at least you can open a real business (trading) in the city. Though I guess there will be other additional fees, which may top at least 30-50K from what I heard. And according to a friend who partnered with local for a small restaurant, the govt officers (municipality/labour) frequently checked that the business is real and the staffs are all working there.
I still hesitate to "waste" 10K or more "just for staying". For sure I haven't got any intention to do own real business (which requires more capital money, no idea what to do/sell exactly, and no guarantee for profits in this difficult time), unless partnered with a sponsor. I'll see the situation within this/next week. I still got a month to stay here (grant period) after cancelation/expiration. But according to the FZA officer, I need to file the case (if needed) before the expiration/cancelation.
- xty
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