BUSINESS SETUP IN RAK FREE ZONE

Ras Al Khaimah is one of the fastest-growing free trade zones in the United Arab Emirates. The investments RAK receives are from over 12,000 companies and are as diverse as over 100 countries. It is one of the most sought investment destinations.

 

BENEFITS OF BUSINESS SETUP IN RAK FREEZONE

1. Tax-free zone: The main source of attraction for investors to invest in the UAE are the freezones. Similarly, RAK free zones enjoy tax-free benefits which attract investors. This makes it one amongst the prime locations to start a business in.

2. Dedicated investment sectors of RAK free zone

  • Industrial sector: focuses mainly on large manufacturing associations

  • Trade sector: prioritises trade-related organizations and their needs

  • Construction sector: Looks at providing facilities to increase infrastructure

  • Banking and investment sector: the main focus is to attract investors and handle all issues concerning finance.

  • Tourism sector: Investment toward increasing tourism to increase its revenue towards the economy.

  • Agri/cultivation sector: Facilities all activities and work that can make cultivation and Agriculture better.

  • Service sector: Focuses on activities improving the service provided.

 

3. Low setup cost: Since RAK is a tax-free zone, the cost is already at a low cost. The other facility that RAK provides is the low cost of labor. As mentioned above, there are sectors dedicated particularly for different businesses which allow the investor to choose warehouses and offices tailor-made for the business concern.

 

4. Easy access to the international market: The RAK region makes it easy for the business to reach out to the international market and the MENA regions. This gives the businesses opportunities to look ou at a larger market.

5. Other Benefits Of Setting Up A Company In Rak Free Zone

  • Full foreign ownership is allowed

  • Easy and quick incorporation procedure

  • Clear regulatory legal framework

  • Access to all large airports and seaports in the UAE

 

BUSINESS LICENSES IN THE RAS AL KHAIMAH FREE ZONE

In order to open a company in the Ras Al Khaimah Free Zone, investors must select the appropriate business license.

There are four types of licenses to be obtained within the Ras Al Khaimah Free Zone

  • Commercial license

  • General trading license

  • Industrial license

  • Consultancy or services license

The business license is issued for a limited period of time which is usually one year. This may be renewed on a yearly basis provided that audit reports are submitted when applying for renewal. Companies licensed by the RAK FTZ Authority are also required to appoint a local agent in order to supply any goods or services in the UAE market.

REQUIRED DOCUMENTS TO OPEN A COMPANY IN THE RAK FTZ

The company registration procedure in the Ras Al Khaimah Free Zone is quite simple when compared to other Free zones. The required documents to open a company in the RAK FTZ are:

  • Application form

  • Certificate of incorporation

  • Brief description of the business objectives

  • Bank reference letter

  • Shareholders’ passport copies

  • List of trade names application form

 

For more details on company registration in the Ras Al Khaimah Free Zone, please contact us on info@danburite.ae, Contact: 00971568080092

Frequently Asked Questions (FAQs)

1. Why is the RAK Free Zone the first choice among all free zones in the UAE?

RAK free zone has many benefits like:
Tax-free zone
Dedicated investment sectors of RAK free zone
Low set up cost
Easy access to the international market
Full foreign ownership is allowed
Easy and quick incorporation procedure
Clear regulatory legal framework
Access to all large airports and seaports in the UAE

2. How do I set up a company in RAK (Ras Al Khaimah) free zone company setup?

hese are the steps tobe followed:
Determine the type of business entity
Choose a trading name
Apply for a business license
Choose an office space
Get pre-approvals, register your business and get your license
Open your corporate bank account
Apply for a visa (if required)
For more information you can also read Your Ultimate Guide to Free Zones in Dubai in 2021.

Recent Posts

Getting Back to Basics: Step-by-Step Guide on Starting a Company in Dubai Mainland

Getting Back to Basics: Step-by-Step Guide on Starting a Company in Dubai Mainland

September 28, 2023
Discover key info about the tailored Golden Visa for artistic individuals like you!

Discover key info about the tailored Golden Visa for artistic individuals like you!

August 21, 2023
Welcome to Danburite Corporate's checklist!

Welcome to Danburite Corporate's checklist!

August 14, 2023
Understanding Dubai Green Visa

Understanding Dubai Green Visa

August 07, 2023
PRO Services in the UAE.

PRO Services in the UAE.

June 19, 2023
Unveiling the Process: A Comprehensive Guide to Company De-Registration for Businesses in Mainland UAE

Unveiling the Process: A Comprehensive Guide to Company De-Registration for Businesses in Mainland UAE

June 05, 2023
Involuntary Loss of Employment Scheme

Involuntary Loss of Employment Scheme

May 29, 2023
Know More. Learn more: Introducing Corporate Tax

Know More. Learn more: Introducing Corporate Tax

May 20, 2023
Getting a 10-year UAE Golden Visa for a property investment in Dubai? Here's how!

Getting a 10-year UAE Golden Visa for a property investment in Dubai? Here's how!

May 01, 2023
Getting a 10-year Golden Visa with an AED 30,000/- salary!

Getting a 10-year Golden Visa with an AED 30,000/- salary!

April 20, 2023
Empowering Women Entrepreneurs: The Rise of Female-Led Businesses in the UAE

Empowering Women Entrepreneurs: The Rise of Female-Led Businesses in the UAE

April 13, 2023
How to Ecommerce - Your Ultimate guide for creating your very own Ecommerce Empire

How to Ecommerce - Your Ultimate guide for creating your very own Ecommerce Empire

August 22, 2024
What to Know About Bank Account Opening in UAE?

What to Know About Bank Account Opening in UAE?

April 12, 2023
UNLOCKING A GOLDEN FUTURE WITH THE UAE GOLDEN VISA

UNLOCKING A GOLDEN FUTURE WITH THE UAE GOLDEN VISA

January 23, 2023
Golden Visa UAE -  How to get Golden Visa In UAE

Golden Visa UAE - How to get Golden Visa In UAE

January 30, 2023
Top 10 Fastest Growing Business Sectors and Leading Industries in the UAE 2022

Top 10 Fastest Growing Business Sectors and Leading Industries in the UAE 2022

February 01, 2022
Business Opportunities in Dubai 2022 and Cheapest Business Setup in UAE

Business Opportunities in Dubai 2022 and Cheapest Business Setup in UAE

January 28, 2022
Wanted to Start a Business in Dubai: Get to Know of Setting a Business, Recent Trends, and Investment Opportunities in UAE

Wanted to Start a Business in Dubai: Get to Know of Setting a Business, Recent Trends, and Investment Opportunities in UAE

January 25, 2022
What Is the Cost of Setting Up a Company in Dubai? Business Setup Toolkit

What Is the Cost of Setting Up a Company in Dubai? Business Setup Toolkit

January 21, 2022
What Are the Key 8 Legal Steps to Setup Business in Dubai?

What Are the Key 8 Legal Steps to Setup Business in Dubai?

January 18, 2022

You can also read

All You Should Know About Business Setup in Dubai and Company Setup in UAE

January 25, 2022

Read More

Import and Export Business Opportunities in Dubai 2023

October 20, 2023

Read More

What is dropshipping?, and How to start a dropshipping company in Dubai?

November 10, 2022

Read More

Top 5 Reasons Why Dubai Is an International Convention and Exhibition Centre?

December 31, 2021

Read More

Growing Top 10 New Business Ideas in Dubai 2022

January 04, 2022

Read More

How Can a Business Setup Consultant in Dubai Help Me in Setting Up a Business?

November 15, 2022

Read More

Top 10 Best Home Based Business Ideas in Dubai for 2022

December 28, 2021

Read More

How to Register a Business in Dubai as a Foreigner?

January 10, 2022

Read More

50 Profitable Businesses to open in Dubai for 2022

December 09, 2021

Read More

Top 6 Ways to Get Residence and Free zone Visa in the UAE 

November 15, 2022

Read More

Can company owners get 100% ownership in Dubai mainland?

November 09, 2021

Read More

List of 20 Best Profitable Small Business Opportunities in Dubai

April 05, 2023

Read More

What are the Top 6 Easy ways for Company Formation in Dubai?

November 02, 2021

Read More

How to Get Funding for Your Business in UAE?

October 29, 2021

Read More

All you Want to know about Free zone Visa Cost in Dubai

August 08, 2023

Read More

What are the documents I need to obtain a professional license in the UAE?

August 29, 2024

Read More

How to set up a Limited Partnership Company in Dubai?

October 20, 2021

Read More

How to Setup a Joint Venture Company in Dubai?

January 06, 2022

Read More

What is the procedure to set up a Limited Liability Company in Dubai?

October 12, 2021

Read More

What is the Procedure for starting a Public Shareholding Company in Dubai?

October 08, 2021

Read More

Our Services For Company Setup in Dubai

Danburite Corp specializes in all aspects of company formation, management and liquidation.

Learn More

Book a free consultation with our experts

Whatsapp chat
Please verify yourself to continue