RAK Free Zone vs Ajman Free Zone – Which is Better for Visa & Banking?

[Arslan]

I’m deciding between RAK Free Zone and Ajman Free Zone for a UAE company setup, mainly to secure a residence visa and open a corporate bank account. I’m not planning heavy operations, so my priorities are cost, speed, and banking ease. Could anyone share:

• Which free zone is more cost-effective for a visa-focused setup?
  
• Which one offers easier corporate bank account approval?
  
• Typical setup time from application to license issuance?
  
• Annual renewal fees and any hidden costs?
  

Would love to hear recent first-hand experiences before I make a decision.

 

[Clank]

I suggest RAK as their digital platform is very good. For banking I’ve never faced‌ any issues with locks banks.

 

[Clank]

Local*

 

[Arslan]

Thank you, any idea if‍ their annual renewal fee for each year?
and which banks are easy to open?

 

[JackieTsan]

Talking with my experience, I would not do it at this point to move to‌ UAE especially with the 9% tax and all the rest that you should first research.‍