What documents does an Australian national need to start a sports equipment trading business in the UAE?

You will need a valid Australia passport (minimum 6 months validity), passport-sized photos, proof of address in Australia, attested documents via Australian Department of Foreign Affairs and Trade, and a business plan for your sports equipment trading venture.

How long does it take for an Australian citizen to set up a sports equipment trading company in RAK ICC?

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.

How much does it cost to set up a Sports Equipment Trading business in RAK International Corporate Centre?

The total setup cost for a Sports Equipment Trading business in RAK ICC starts from approximately AED 12,500 for the trade licence. Additional costs include visa processing (AED 0 per visa), office space, and establishment card fees. IBA provides a detailed cost breakdown during your free consultation.

What business activities can I include on my RAK ICC licence?

Your RAK ICC licence can include sports equipment trading as the primary activity, along with related activities that fall under the same category. Mainland licences can include multiple activities, provided they fall within the same licence category (professional, commercial, or industrial). IBA advises on the optimal activity selection for your business needs.

What documents do I need to set up a Sports Equipment Trading business in RAK ICC?

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. IBA handles all document preparation and submission on your behalf.

Can I open a corporate bank account with my RAK ICC Sports Equipment Trading licence?

Yes, with a valid trade licence from RAK ICC, you can open a corporate bank account at any UAE bank. Offshore companies can open corporate accounts, though the choice of banks may be more limited. IBA assists with introductions and documentation for smooth bank account opening.

What are the tax implications for a Sports Equipment Trading business in RAK International Corporate Centre?

The UAE introduced a 9% corporate tax on profits exceeding AED 375,000 (effective June 2023). Offshore entities are generally exempt from UAE corporate tax on income earned outside the UAE. There is no personal income tax in the UAE. VAT at 5% applies to most goods and services.

Sports Equipment Trading in RAK International Corporate Centre for Australian nationals

OffshoreCommercial

Sports Equipment Trading in RAK ICC

Starting From

AED 12,500

Setup Time

3 Business Days

Visa Quota

0 Visas

Location

Ras Al Khaimah

About Sports Equipment Trading

The UAE continues to attract Australian entrepreneurs seeking to tap into the Middle Eastern market, and RAK ICC is one of the most popular jurisdictions for sports equipment trading operations. Growing Australian business community (~25,000), which means you will find an established support network, community events, and nationality-specific resources to help your business thrive.

Operating from RAK International Corporate Centre gives your Sports Equipment Trading business access to Ras Al Khaimah's world-class infrastructure, including modern office facilities and excellent connectivity. The Sports Equipment Trading activity does not require any special regulatory approvals beyond the standard trade licence, simplifying the setup process considerably.

IBA International has been helping entrepreneurs set up sports equipment trading businesses in RAK International Corporate Centre 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 RAK ICC for Sports Equipment Trading?

Choosing RAK ICC for your sports equipment trading business comes with a host of strategic advantages that directly impact your bottom line and growth potential.

The jurisdiction offers cost-effective offshore structure, which is particularly valuable for sports equipment trading operations. Additionally, full foreign ownership ensures that your business remains competitive in the regional market. The offshore structure provides maximum confidentiality and is ideal for holding assets, intellectual property, and international trade operations. Many international businesses choose the offshore route for its streamlined compliance requirements and ability to open multi-currency bank accounts with leading UAE banks. No tax obligation further enhances the appeal of RAK ICC for sports equipment trading professionals. Furthermore, confidentiality protection positions your sports equipment trading business for long-term success in the region. With Ras Al Khaimah continuing to invest in infrastructure and business-friendly regulation, RAK ICC remains an excellent choice for both start-ups and established commercial enterprises looking to expand into the Middle East and North Africa region.

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

Cost-effective offshore structure

Full foreign ownership

No tax obligation

Confidentiality protection

International business flexibility

Visa Requirements for Australian Nationals

For Australian entrepreneurs, the visa process works as follows: Australian nationals can enter the UAE visa-free for 30 days. For business setup, a residence visa is processed after company incorporation. IBA handles the complete immigration procedure — from entry permit to residence visa stamping — so you can focus on launching your sports equipment trading business in RAK ICC.

Banking for Australian Business Owners

Opening a corporate bank account for your sports equipment trading company in RAK ICC: Australian nationals generally experience smooth corporate bank account opening. Commonwealth banking standards are recognised by UAE banks. IBA has established relationships with major UAE banks and will personally introduce you to relationship managers who understand Australian business structures.

Document Attestation for Australian Nationals

Document attestation for Australian nationals involves: (1) Notarisation in Australia, (2) Attestation by Australian Department of Foreign Affairs and Trade, (3) UAE Embassy attestation in Dubai. IBA provides a complete attestation checklist specific to sports equipment trading businesses to ensure nothing is missed.

Requirements & Documents

1Valid Australia passport (minimum 6 months validity)

2Documents attested by Australian Department of Foreign Affairs and Trade

3UAE Embassy attestation from Abu Dhabi

4Passport copies of all shareholders and directors (valid for at least 6 months)

5No Objection Certificate (NOC) if applicable

6Proposed company name (2-3 alternatives)

7Notarised power of attorney (if applicable)

8Completed application form for trade licence

Cost Breakdown

Item	Cost (AED)
License Fee	12,500
Estimated Total (Year 1)	From AED 12,500

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

Setup Timeline

Consultation

Free consultation with IBA to discuss your sports equipment trading business plan and the best RAK ICC licence options for Australian nationals.

Document Preparation

Prepare and attest all required documents from Australia through Australian Department of Foreign Affairs and Trade and the UAE Embassy.

Licence Application

Submit the sports equipment trading licence application to RAK ICC. IBA handles all paperwork and government interactions.

Trade Licence Issued

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

Visa Processing

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

Bank Account

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

Start Operations

Your sports equipment trading 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. RAK ICC allows 100% foreign ownership for all nationalities, including Australian nationals. No local sponsor or partner is required.

Sports Equipment Trading in Other Jurisdictions

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DIFC

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IFZA

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