WhatsApp quoteBelow you will find a practical, step-by-step explanation of the Ras Al Khaimah Mainland setup process for Icelanders, followed by answers to the questions clients ask us most. GoldenKey's consultants wrote this guide to the Ras Al Khaimah Mainland setup process for Icelanders based on the files we process every week, not on theory.
Key takeaways
- Icelanders can own 100% of a Ras Al Khaimah Mainland company with no local partner.
- Documents from Iceland may need attestation for professional activities and visas.
- The licence can be issued remotely; you travel for the medical test and Emirates ID.
- GoldenKey handles the file from name reservation to bank introduction.
Background
A Step-by-Step: Ras Al Khaimah Mainland Company Setup for Icelandic Founders mainland company can apply for an unlimited visa quota in proportion to its office space, which free zone packages cannot match. Among the strengths of a Step-by-Step: Ras Al Khaimah Mainland Company Setup for Icelandic Founders mainland licence are low licence and rent costs and Strong industrial base, which is why local service businesses gravitate here. To be clear, rAK DED and RAKEZ share a one-stop business centre.
What to do, in order
Step 1Activity and legal form
We pick the precise activity codes from the Ras Al Khaimah Department of Economic Development (RAK DED) list and settle on the legal form — normally a LLC, or a sole establishment for individual professionals.
Step 2Trade name and initial approval
Crucially, your trade name is reserved and initial approval secured from the Ras Al Khaimah Department of Economic Development (RAK DED), together with any external approvals the activity requires. Nothing is submitted for the Ras Al Khaimah Mainland setup process for Icelanders until you have reviewed and approved it.
Step 3Office, MOA and submission
The memorandum of association is signed (online or before the notary), your tenancy is registered and the complete file is submitted to the Ras Al Khaimah Department of Economic Development (RAK DED).
Step 4Licence, Chamber and immigration
Your Step-by-Step: Ras Al Khaimah Mainland Company Setup for Icelandic Founders mainland licence is released, Chamber membership is activated and we open the establishment and labour files so visas can begin. This is also the point at which we answer any question specific to the Ras Al Khaimah Mainland setup process for Icelanders.
Documents you will need
Keep these ready before you start:
- Passport copies of all shareholders and the manager
- An attested degree for professional activities such as engineering or healthcare
- The notarised memorandum of association, which GoldenKey drafts for you
- A tenancy contract for an office or shop registered with the emirate's system (Ejari in Dubai)
- Attested parent-company papers for corporate shareholders
Costs
On the ground, prices for the Ras Al Khaimah Mainland setup process for Icelanders are drawn from GoldenKey's live price list and confirmed in writing before any payment. Government fees change from time to time; the figures on this page update automatically when they do.
- Trade licence & registration
- Establishment card included
- GoldenKey full assistance
- Trade licence & registration
- Establishment card included
- GoldenKey full assistance
- Trade licence & registration
- Establishment card included
- GoldenKey full assistance
| Additional visa | AED 2,500 |
|---|---|
| Annual renewal | AED 7,500 |
Prices are indicative, in AED, exclusive of 5% VAT where applicable, and confirmed in writing before payment. Last updated 2026-10-06.
Why the UAE
As a rule, the dirham has been pegged to the US dollar since 1997, which removes currency risk for the Ras Al Khaimah Mainland setup process for Icelanders and makes international pricing simple. Since 2021, most mainland activities have allowed 100% foreign ownership, and free zones have always offered it, so the Ras Al Khaimah Mainland setup process for Icelanders no longer requires a local partner.
How GoldenKey helps
We will tell you plainly if Step-by-Step: Ras Al Khaimah Mainland Company Setup for Icelandic Founders is not the right choice for your plan and point you to a better option, even when that option costs less. Because GoldenKey works with the licensing authority, the immigration department and the banks every single week, we know exactly which supporting documents each of them will ask for on a Step-by-Step: Ras Al Khaimah Mainland Company Setup for Icelandic Founders file.
Tell us about your plans for the Ras Al Khaimah Mainland setup process for Icelanders and GoldenKey will come back to you shortly with a clear price, a document checklist and a realistic timeline.
Frequently asked questions
Do I still need an Emirati partner for a Step-by-Step: Ras Al Khaimah Mainland Company Setup for Icelandic Founders mainland company?
For most commercial and industrial activities, no. Since 2021 foreign nationals can own 100% of a Step-by-Step: Ras Al Khaimah Mainland Company Setup for Icelandic Founders mainland LLC. A short list of strategic activities still requires Emirati participation, and GoldenKey checks your activity before you commit.
Can I convert my free zone company to a Step-by-Step: Ras Al Khaimah Mainland Company Setup for Icelandic Founders mainland company?
In our experience, you cannot convert directly, but you can open a mainland branch of your free zone company or set up a new mainland LLC and transfer the business. GoldenKey advises on the most tax-efficient route.
Are Step-by-Step: Ras Al Khaimah Mainland Company Setup for Icelandic Founders mainland companies subject to corporate tax?
Absolutely. Mainland companies pay 9% corporate tax on profits above AED 375,000 and must register with the FTA, which GoldenKey handles as part of your setup.
How long does Step-by-Step: Ras Al Khaimah Mainland Company Setup for Icelandic Founders mainland company formation take?
With documents and a tenancy contract ready, the Ras Al Khaimah Department of Economic Development (RAK DED) as a rule issues the licence within 4 working days. External approvals for regulated activities add time.
