Why Business Setup in RAK Free Zone?

Ras Al Khaimah stands out as one of the highly developed economies among the Emirates, experiencing remarkable growth. Setting up a business in RAK is a swift and trouble-free process. Despite the streamlined procedures, it is essential to ensure that you possess all the necessary documents and adhere to the proper protocols. Our team of experts is ready to assist you throughout the process, ensuring that you have all the essential elements for a seamless RAK Business Setup.

  • Extensive storage infrastructure
  • Promising growth opportunities for the global tourism sector
  • Convenient access to both regional and worldwide markets
  • Proximity to key transportation hubs
  • State-of-the-art container ports and marinas
  • Affordable rental rates
  • Exemption from personal and corporate income taxes
  • Government incentives favorable to investors
  • Zero customs duties on imports, exports, and services

How to Set up a Company in Rak Free Zone?

Step 1.

Choose Your Business Activity

Step 2.

Define the Legal Structure

Step 3.

Confirm the Jurisdiction

Step 4.

Secure Initial Approval

Step 5.

Register Your Trade Name

Step 6.

Apply and Submit

Step 7.

Obtain a Business License

Step 8.

Rent an Office

Benefits of Company Formation in Ras Al Khaimah Free Zone

Ras Al Khaimah Free Trade Zone (RAK FTZ) is part of the Ras Al Khaimah Economic Zone (RAKEZ), which combines its clients and business parks with that of Ras Al Khaimah Investment Authority (RAKIA).

Here are the reasons that make a Ras Al Khaimah Free Zone company setup attractive to so many investors and businessmen from all around the world:

  • Fast business setup procedure that is very easy to complete.
  • Good support services for businesses in the free zone.
  • Business owners get issuance of fast-track UAE visas.
  • Versatile real-estate options to fit the needs of your specific business.
  • You can choose between the free zone and the non-free zone during company formation.
  • RAK Free Zone company formation is very affordable, and the cost of operations is low as well.
  • 100% tax exemption from all corporate and personal incomes for business owners.
  • 100% ownership of businesses even for foreigners from anywhere in the world.
  • 100% repatriation of profits and capital for business owners.
  • Available consultants to help you through services like the translation of documents, procurement support, recruitment of suitable employees, drafting and printing of corporate materials, and other services that are essential for any business.
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Documents Required for Company Formation in RAK Free Zone

Here is a revised version of the documents required for company formation in RAK Free Zone:

01.

Certified Tenancy Contract Copy

A certified copy of the tenancy contract for the chosen business premises.

02.

Personal Documents

Photocopies of visa, passport, residence card (RC), land map, and ownership certificate for shareholders and relevant individuals.

03.

Legal Affairs Consent

Obtain consent from the legal affairs department as part of the documentation process.

04.

Business License Application Form

Complete the business license application form provided by the RAK Free Zone.

05.

Ministry of Economy Approval

Obtain approval from the Ministry of Economy for the intended business setup.

06.

Government Entity Approvals (if required)

Depending on the nature of the business, approvals from various government entities may be necessary.

07.

Notarized Partnership Certification

Notarized certification of partnership for legally recognized partnerships.

08.

National ID and Family Book Copies

Copies of national ID and family book for shareholders and key personnel.

09.

Technical Evaluation Report

A technical evaluation report outlining the technical aspects of the proposed business.

10.

Trade Name Certificate

Obtain a certificate confirming the approval of the chosen trade name.

    It is advisable to verify the specific requirements with the RAK Free Zone Authority or seek guidance from a professional business consultant to ensure accurate and up-to-date information, as requirements may be subject to change.

    We make the company formation procedure simpler for you so that you can focus on making the more important decisions for your business. Here is the procedure for a free zone company in Ras Al Khaimah with the help of our Company Setup consultants:

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    Get a free quote, fill up the form below.

      Business Licenses in RAK Free Zone

      Acquiring a business license is a critical step in establishing a company in RAK, as it legitimizes your business operations. The type of license required is contingent upon the nature of your business. Ras Al Khaimah offers the following licenses:

      General Trading License

      Encompasses trading, import, and export activities. Suitable for companies engaged in industrial and manufacturing endeavors.

      Professional License

      Enables a company to provide various professional services, including consultancy, IT, design, development, and more.Encompasses trading, import, and export activities. Suitable for companies engaged in industrial and manufacturing endeavors.

      Industrial License

      Permits investors to import raw materials, engage in production activities, and export the finished products.

      RAK city

      Following industries, you can setup in RAK Freezone

      Not Sure? Let’s help you

      Accounting & Auditing Firm

      Agriculture & Fishing

      Cargo & Freight-forwarding

      Construction / Contracting

      Consulting

      E-commerce

      Educational Institution

      Events Organizing

      Financial Institution

      General Trading

      Health Care

      Insurance

      Law Firm

      Manufacturing

      Media & Entertainment

      Money Exchange

      NGO

      Non-profit

      Oil & Gas

      Real Estate

      Technical Services

      Tourism & Hospitality

      Other

      Types of Business Entities for Business Setup in Ras Al Khaimah

      When planning your company formation in Ras Al Khaimah, you must select the appropriate corporate structure. Here are the available business entities for company registration in Ras Al Khaimah

      Limited Liability Company (LLC)

      The most common business type, requiring a minimum of two and a maximum of 50 shareholders. Initial registration involves depositing funds into a UAE bank.

      A collaborative contractual agreement between a foreign and local party, both licensed to engage in a business venture with mutual cooperation.

      For a Public Joint Stock Company, a minimum of ten shareholders is required. Founders must subscribe to at least 20% of the company’s capital, and a single shareholder is limited to a maximum of 10%.

      A Private Joint Stock Company must have a minimum of three shareholders, and its shares cannot be publicly subscribed.

      A Limited Liability Company requiring a minimum capital of AED 250,000 and can be registered by two or more shareholders within a free zone.

      This company type can be owned by a single person or a corporate entity, with a minimum capital requirement of AED 150,000.

      This business entity imposes no limitations on the number of shareholders or directors, offering flexibility in corporate structuring.

      Realize your business dreams in Ras Al Khaimah with Company Setup Consultancy. Our experts provide comprehensive support for seamless company formation. Contact us now at +971 582595164 for a free consultation!

      Our consultants at Company Setup can get you started in a pinch. If you are looking to start your business in Ras Al Khaimah Free Zone, contact us today.