BUSINESS SETUP IN RAK FREE ZONE

Ras Al Khaimah is one of the fastest growing free trade zones in the United Arab Emirates. It is one of the most sought investment destinations.

INVESTMENT SECTORS OF RAK FREE ZONE

• Industrial sector
• Trade sector
• Construction sector
• Banking and investment sector
• Tourism sector
• Agri/cultivation sector
• Service sector

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

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