What documents does a Canadian national need to start a property management business in the UAE?

You will need a valid Canada passport (minimum 6 months validity), passport-sized photos, proof of address in Canada, attested documents via Global Affairs Canada / Provincial Authentication, and a business plan for your property management venture.

How long does it take for a Canadian citizen to set up a property management company in RAKEZ?

The complete process — from initial application to trade licence issuance — typically takes 3–6 business days. Adding visa processing and bank account opening, the total timeline is approximately 13–23 business days.

What are the annual renewal costs for a Property Management business in Ras Al Khaimah Economic Zone?

The annual licence renewal for a Property Management RAKEZ company costs approximately AED 7,500, which covers the trade licence fee. Additional annual costs may include office space rental, visa renewal, and establishment card fees. IBA provides renewal services to ensure uninterrupted business operations.

How much does it cost to set up a Property Management business in Ras Al Khaimah Economic Zone?

The total setup cost for a Property Management business in RAKEZ starts from approximately AED 7,500 for the trade licence. Additional costs include visa processing (AED 3,700 per visa), office space, and establishment card fees. IBA provides a detailed cost breakdown during your free consultation.

What are the tax implications for a Property Management business in Ras Al Khaimah Economic Zone?

The UAE introduced a 9% corporate tax on profits exceeding AED 375,000 (effective June 2023). Free zone companies like those in RAKEZ may qualify for a 0% corporate tax rate on qualifying income, provided they meet the substance requirements and do not conduct business with the mainland. There is no personal income tax in the UAE. VAT at 5% applies to most goods and services.

Can I open a corporate bank account with my RAKEZ Property Management licence?

Yes, with a valid trade licence from RAKEZ, you can open a corporate bank account at any UAE bank. Free zone companies can bank with most major UAE banks including Emirates NBD, ADCB, RAKBank, and Mashreq. IBA assists with introductions and documentation for smooth bank account opening.

What documents do I need to set up a Property Management business in RAKEZ?

The standard documents required include: passport copies of all shareholders, passport-sized photographs, a completed application form, a business plan or activity description, and proof of address. As a regulated activity, you will also need to provide professional qualifications or certifications required by RERA. IBA handles all document preparation and submission on your behalf.

Property Management in Ras Al Khaimah Economic Zone for Canadian nationals

Free ZoneReal EstateRegulated Activity

Property Management in RAKEZ

Starting From

AED 7,500

Setup Time

3 Business Days

Visa Quota

3 Visas

Location

Ras Al Khaimah

About Property Management

The UAE continues to attract Canadian entrepreneurs seeking to tap into the Middle Eastern market, and RAKEZ is one of the most popular jurisdictions for property management operations. Growing Canadian business community (~40,000), which means you will find an established support network, community events, and nationality-specific resources to help your business thrive.

Operating from Ras Al Khaimah Economic Zone gives your Property Management business access to Ras Al Khaimah's world-class infrastructure, including modern office facilities such as flexi desk, shared office, private office and excellent connectivity. As a regulated activity, you will need approval from RERA before commencing operations, but IBA's team handles this process seamlessly on your behalf.

IBA International has been helping entrepreneurs set up property management businesses in Ras Al Khaimah Economic Zone since 2004. Our team of incorporation specialists will guide you through every step, from initial consultation to licence issuance and bank account opening, ensuring a smooth and efficient setup experience.

Why RAKEZ for Property Management?

Choosing RAKEZ for your property management business comes with a host of strategic advantages that directly impact your bottom line and growth potential.

The jurisdiction offers cost-effective licensing, which is particularly valuable for property management operations. Additionally, industrial and commercial zones ensures that your business remains competitive in the regional market. As a free zone entity, your business enjoys complete repatriation of profits and capital, with no currency restrictions on transactions. Office solutions start from AED 3,000 per year for a flexi desk, making it accessible for businesses of all sizes. The standard licence includes a visa quota of 3 residency visas, with options to increase this number as your team grows. 100% foreign ownership further enhances the appeal of RAKEZ for property management professionals. Furthermore, gateway to northern emirates positions your property management business for long-term success in the region. With Ras Al Khaimah continuing to invest in infrastructure and business-friendly regulation, RAKEZ remains an excellent choice for both start-ups and established real estate enterprises looking to expand into the Middle East and North Africa region.

For Canadian nationals specifically, the Ras Al Khaimah government has fostered a business-friendly environment with streamlined processes that cater to the large Canadian business community.

Cost-effective licensing

Industrial and commercial zones

100% foreign ownership

Gateway to Northern Emirates

Manufacturing facilities

Visa Requirements for Canadian Nationals

Canadian nationals can enter the UAE visa-free for 30 days. For business setup, a residence visa is processed after company incorporation. Once your property management licence is issued by RAKEZ, IBA will process your residence visa application, Emirates ID, and medical fitness tests. The entire process typically takes 8–15 business days from licence approval to visa stamping.

Banking for Canadian Business Owners

Canadian nationals generally experience smooth corporate bank account opening. Strong Canadian-UAE relations facilitate banking processes. For your property management business in RAKEZ, IBA recommends opening a corporate account with a bank that has experience serving Canadian business owners. We will prepare your banking file including the trade licence, shareholder documents, business plan, and any Canada-specific attestations required.

Document Attestation for Canadian Nationals

Canadian nationals setting up a business in the UAE will need to attest certain documents through Global Affairs Canada / Provincial Authentication. This typically includes your passport copy, educational certificates (if applicable for property management), and any existing business documents. The attestation must then be verified by the UAE Embassy in Abu Dhabi before submission to RAKEZ.

Requirements & Documents

1Valid Canada passport (minimum 6 months validity)

2Documents attested by Global Affairs Canada / Provincial Authentication

3UAE Embassy attestation from Abu Dhabi

4Proof of residential address (utility bill or bank statement)

5Passport copies of all shareholders and directors (valid for at least 6 months)

6Passport-sized photographs with white background

7Professional qualification certificates or approvals from RERA

8Proposed company name (2-3 alternatives)

Regulatory Note: Property Management is a regulated activity in the UAE. Additional approval from RERA is required. IBA can guide you through the full regulatory process.

Cost Breakdown

Item	Cost (AED)
License Fee	7,500
Visa Package (per visa)	3,700
Flexi Desk	3,000
Shared Office	7,000
Private Office	15,000
Estimated Total (Year 1)	From AED 14,200

* Costs are indicative and subject to change. Contact IBA for a personalised quote.

Setup Timeline

Consultation

Free consultation with IBA to discuss your property management business plan and the best RAKEZ licence options for Canadian nationals.

Document Preparation

Prepare and attest all required documents from Canada through Global Affairs Canada / Provincial Authentication and the UAE Embassy.

Licence Application

Submit the property management licence application to RAKEZ. IBA handles all paperwork and government interactions.

Trade Licence Issued

Receive your official RAKEZ trade licence within 3–6 business days.

Visa Processing

Process your UAE residence visa, Emirates ID, and medical fitness. Canadian nationals can enter the UAE visa-free for 30 days.

Bank Account

Open a corporate bank account. Canadian nationals generally experience smooth corporate bank account opening.

Start Operations

Your property management business is ready to operate in the UAE. IBA provides ongoing PRO, accounting, and compliance support.

Total estimated time: 3 business days. IBA handles the entire process end-to-end so you can focus on your business.

Frequently Asked Questions

Yes. RAKEZ allows 100% foreign ownership for all nationalities, including Canadian nationals. No local sponsor or partner is required.

Property Management in Other Jurisdictions

SHAMS

From AED 6,150

RAKEZ

From AED 7,500

DIFC

From AED 12,000

Abu Dhabi DED

From AED 10,000

JAFZA

From AED 16,000

Dubai DED

From AED 12,000

DMCC

From AED 15,300

IFZA

From AED 11,750