Home – Ras Al Khaimah Business Setup
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.
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.
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.
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Companies setting up in Ras Al Khaimah offer Rakia the following incentives and facilities:
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.
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.
The types of licenses available for a company set up in Ras Al Khaimah are:
Here are some common questions regarding the costs associated with company formation in Rakez Free Zone, along with their answers.
Ras Al Khaimah Free Zone (RAK Free Zone) is a special economic zone that provides businesses with tax incentives, 100% foreign ownership, and other benefits to encourage investment and entrepreneurship.
The RAK Free Zone allows the establishment of a wide range of businesses, including trading companies, manufacturing, consultancy, and service-based businesses.
RAKEZ (Ras Al Khaimah Economic Zone) is a combined entity of the RAK Free Zone and the RAK Investment Authority, aimed at simplifying and streamlining the business setup process in RAK.
Benefits include 100% foreign ownership, no personal income taxes, no corporate taxes for 15 years (renewable), an easy setup process, and a strategically located business environment.
The steps typically include:
Commonly required documents include:
The business registration process can usually be completed in as little as 2 to 3 days, depending on the completeness of documentation.
The types of licenses include trading licenses, industrial licenses, service licenses, and educational licenses, depending on the nature of your business activities.
The costs vary based on the type of business, the size of the company, and the required facilities. Initial setups usually start from AED 9,000 to AED 15,000 or more.
Yes, annual license renewal fees, office lease payments, and other costs depend on the business’s operational needs.
Yes, you can open a corporate bank account in the UAE for your business after establishing it in the RAK Free Zone.
Yes, businesses in RAK Free Zone must have a physical office or a flexi-desk, depending on the license obtained.
One of the main advantages of RAKEZ and RAK Free Zone is that foreign nationals can own 100% of their business without needing local sponsors.
After setting up your business, you can apply for employment visas through the RAKEZ portal. The number of visas you can obtain depends on your office size and business activity.
No specific restrictions exist, but companies need to follow the UAE labor laws and ensure that visas are obtained for foreign employees.
Yes, e-commerce is an allowable business activity in RAKEZ, and companies can benefit from the associated business license.
Yes, companies in RAKEZ and RAK Free Zone can trade freely with international markets but may be restricted from trading directly within the UAE mainland.
These FAQs should provide a comprehensive overview for anyone looking to set up a business in Ras Al Khaimah’s free zones! If more specific questions arise, feel free to ask.