Ras Al Khaimah Business Setup

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Ras Al Khaimah Business Setup

Start Your Company in Ras Al Khaimah

Ras Al Khaimah (RAK) is an emirate in the UAE that provides opportunities for businesses to operate in the Middle East and North Africa (MENA). Entrepreneurs, investors, and companies can benefit from tax incentives, modern infrastructure, and access to international markets. Setting up a business in RAK gives you a strategic location and support for growth.

Ras Al Khaimah (RAK) is in a good location, giving easy access to markets in the GCC, Asia, Africa, and Europe. It has a simple process for setting up businesses. Companies benefit from tax exemptions, no customs duties, and can send profits abroad freely. RAK is also close to Port Saqr and the free zone, which is useful for trading and logistics businesses.

RAKEZ Free Zone Business Setup

RAKEZ Free Zone in Ras Al Khaimah is a popular business area. It provides good infrastructure and offers benefits to make starting and running a business easier. RAKEZ supports companies in manufacturing, trading, services, media, and e-commerce.

  • 100% Foreign Ownership
  • No Corporate or Personal Taxes
  • 100% Capital and Profit Repatriation
  • Customs Duty Exemption
  • Simple Setup Process
  • Explore RAKEZ Free Zone Setup

Companies in RAKEZ Free Zone can use services like warehouse space, land for industrial projects, and office space for small and medium businesses.

  • 100% Foreign Ownership
  • Tax-Free Structure
  • No Customs Duty
  • Confidentiality and Privacy Protection
  • Flexible Corporate Governance
  • Learn about more options available in UAE Dubai Mainland Installment Packages
  • RAK Offshore Formation Services is a preferred choice for businesses that want to benefit from UAE business-friendly environment while maintaining privacy and offering a range of investment protection mechanisms.

Mainland Business Setup in Ras Al Khaimah

A Mainland Company setup lets you operate in Ras Al Khaimah and across the UAE. It usually needs a local sponsor who owns at least 51% of the company, while the foreign investor holds 49%. This setup is suitable for businesses serving the local market or working in sectors not covered by free zones.

Key Benefits:

  • Access to the Local UAE Market (No restrictions on the scope of business activity)
  • No Currency Restrictions
  • Ability to Lease Property within the UAE
  • Multiple Business Licenses: You can operate various business activities under a single license.
  • Mainland companies are also not subject to the same restrictions as those in free zones, providing more flexibility in terms of office location, employee hiring, and business activities.

Company Setup Licenses in Ras Al Khaimah

Ras Al Khaimah offers different types of licenses depending on the nature of the business:

Commercial License: For businesses involved in the buying, selling, and distribution of goods.
Professional License: For service-based companies offering professional services.
Industrial License: For manufacturing or industrial operations.
General Trading License: For businesses dealing with a wide range of products.

Documents Required for Business Setup in Ras Al Khaimah

For RAKEZ Free Zone companies, additional documents such as a business plan, financial statements, and other industry-specific permits may be required. Regardless of the business type you choose, certain documents are required for registration:

  • Valid passport for the shareholder(s) and manager(s)
  • Proof of address (Emirates ID, Visa page, or utility bill)
  • Passport-sized photographs
  • Personal information sheet or application form
  • Proposed company name options (minimum three)

Benefits of Setting Up a Business in Ras Al Khaimah

Foreign investors can fully own their business, especially in free zones and offshore setups. There are no personal or corporate income taxes, and import/export activities are tax-free. Ras Al Khaimah’s location gives access to markets in Asia, Europe, and Africa. The company setup process is quick and simple, with minimal paperwork. The government also provides incentives, including tax breaks and low-cost business setup options.

How to Set Up Your Business in Ras Al Khaimah

First, choose your business type Free Zone, Offshore, or Mainland. Then, apply for the business license by submitting the required documents. Next, arrange your office or workspace depending on your business type. After that, complete the company registration with the relevant authority (RAK DED for Mainland or RAKEZ for Free Zone). Once your license is issued, you can start your business operations.

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Frequently Asked Questions (FAQs)

The process involves selecting your business structure, submitting the necessary documents, obtaining the required business license, and establishing your office space.

Yes, you can set up a RAKEZ Free Zone or Offshore business with 100% foreign ownership. For a mainland company, a local sponsor is required.

Businesses in various sectors, including trading, manufacturing, services, e-commerce, and others, can be established in Ras Al Khaimah.

The cost depends on the type of business and the setup chosen (free zone, offshore, or mainland). Specific fees vary based on location, business activity, and license type.