Ras Al Khaimah Business Setup

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Business Setup in Ras Al Khaimah

Ras Al Khaimah, located in the northern part of the UAE, shares mountain borders with Oman and is between the Arabian Gulf and Hajjar Mountains. It is an ideal destination for business setups with easy access to other countries and a strategic location near far eastern nations. The Emirate offers opportunities in various sectors and has impressive logistical connections to the RAK Free Trade Zone and Port Saqr.

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Ras Al Khaimah Business Setup

Starting a business in Ras al Khaimah, the 9th state of the United Arab Emirates, is easy and quick. As a registered agent for trade licenses in Ras Al Khaimah, we can assist you in obtaining discounts and fast document processes. Rak is near the Oman border and is close to far eastern nations like China, Iran, India, Pakistan, and the commonwealth of independent states. 

With ease of access, administrative procedures, and proximity to the RAK Free Trade Zone and Port Saqr positions, Ras Al Khaimah is a prominent port and offshoring destination in the northern Emirate. Ajman Business Setup Business Consultant can assist in arranging all types of trade licenses from Ras Al Khaimah authority.

Why is RAK an ideal place for Business Formation?

Ras Al Khaimah's growing economy and business-centric developments, including government policies, modern infrastructure, and friendly international relations, have attracted foreign investors and entrepreneurs for company registration, with various facilities and incentives provided by the Emirate's authorities.

We are always ready to Assist you

“We’re here 24/7 to assist with business formation in Dubai, auditing, accounting, and tax services in UAE. Contact us:  +971 565539955.”

Business Setup in RAK Benefits Advantages

Companies setting up in Ras Al Khaimah offer Rakia the following incentives and facilities:

  • 100% ownership
  • 100% tax exemption on all commercial levies for import and export
  • No tax on personal or corporate income
  • No foreign exchange controls, quotas, or trade barriers
  • Hassle-free and business-friendly legal framework and company laws that ensure the security of investment
  • Government-sponsored incentives for investors
  • No customs duty on imports, exports, or services
  • 100% return on capital and profits
  • Business-friendly environment and an easy process to set up a company

Types of Business Setup in RAK

Ras Al Khaimah offers three options for expatriates to start their businesses, each with its own benefits and legal regulations, depending on the scope and requirements of their business.

  1. Rak Free Zone
  2. Rak Offshore
  3. Mainland Company

Ras al Khaimah Business Setup Mainland & Free Zone & Offshore

Starting a business in Ras Al Khaimah requires Rak Trade licenses, allowing investors to operate in Rak Free Zone categories, while mainland businesses require a federal government license.

A RAK Mainland Company is an onshore entity registered under the relevant Emirate's government body. The Department of Economic Development (RAK DED) issues trade licenses and permits commercial activities in this zone. Mainland companies in Ras Al Khaimah must have a local sponsor with majority shares. Benefits include no currency restrictions, annual auditing, office rental, local market conduct, and unlimited business activities.

The Ras Al Khaimah Free Zone (RAK) is a business structure regulated by the Free Zone Authority. It offers advantages such as fewer packages, lower tax rates, and a customer-friendly environment. Some of the best business setups in RAK include the RAK Maritime City Free Zone, RAK Media Free Zone (RMFZ), RAKEZ, and RAK Investment Authority Free Zone (RAKIA).

RAK Offshore is a business activity outside an entity's home base, catering to the high demand for offshore markets. It offers benefits like privacy, rational cost packages, import duty exemptions, protection of business details, and 100% repatriation of capital and profits, ensuring economic growth and a business-friendly environment.

Documents Require

To register a company in the RAKEZ free zone, individuals must provide a valid passport, visa page copy, Emirates ID, passport-sized photos, personal information sheet or application form, and three name choices.

Rasal Al Khaimah Types of Business Setup in RAK.

The types of licenses available for a company set up in Ras Al Khaimah are:

  • Industrial
  • Service License
  • Trading
  • Commercial License
  • Professional
  • General Trading
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