Though there are many free zones you could choose from the UAE, RAK free zone stands out due to its strategic location that gives business owners easy access to the far east nations like China, Pakistan, and India. The emirate’s state-of-the-art facilities, hassle-free set ups procedures and a prominent offshoring destination in the northern region of the UAE makes RAK Free Zone a top choice for foreign owners.
Main Benefits of Ras-al-Khaimah Free Zone
- No corporate or income taxes
- Hassle free and business friendly legal framework
- 100% foreign ownership
- Complete exemption from import export duties
- Easy business set up process
- Access to sea ports and RAK, Sharjah and Dubai airports
- No trade barriers
Types of business sectors in Ras-al-Khaimah Free zones
- Industrial Sector
- Trade Sector
- Construction Sector
- Banking and Investment Sector
- Tourism Sector
- Agri/cultivation Sector
- Service Sector
Types of licenses available in Ras-al-Khaimah Free Zone
Types of business entity in Ras-al-Khaimah Free Zone
- Free zone limited liability establishment(FZE)
- Free zone company(FZC)- the Individual and corporate entity
- FZE/FZC
- Branch of a foreign company
- Branch of a UAE company
Set Up a Business in Ras-al-Khaimah Free zones
What are the ways to set up a business in Ras-al-Khaimah Free Zone?
Choose a business activity
To start a business in UAE, you must choose the type of activity your business is going to run. Each activity has its own set of rules, benefits and paperwork that you will need to fill out later. The type of business activity you choose will also determine what type of license you can attain
Register a Trade Name
The investor needs an initial approval before registering for a trade name.
Must Get Approvals from the Free Zone Authority
Once the trade name is set you must now submit all the required paperwork and documents and get approval from the government to obtain a business license.
Obtaining License
When the concerned authority has approved all your documents and permits, the investor can now fulfill all the legal requirements to attain a business license. Once this process is done, your license will be issued in 7 days. Licenses can be renewed yearly by submitting the audit reports.
Request a Call Back
Have any doubts or got questions about our services? Reach out to us by filling out the form below and we will get back to you shortly. We pride ourselves on fast responses and on-time services.