Business Setup in Ras Al Khaimah Free Zone
Business Setup in Ras Al Khaimah Free Zone
Ras Al Khaimah, located in the northernmost part of the United Arab Emirates, is one of the leading business setup destinations. It is a thriving business and industrial hub offering unique and customisable business setup solutions for free zones. It offers a business-friendly environment with attractive incentives and benefits.
Steps to Setup a Business in the RAK Free Zones
Choose the type of business activity you want to engage in.
Decide on the appropriate legal structure such as Free Zone Company (FZC), Free Zone Establishment (FZE), and Branch of a Foreign Company.
Select a unique trade name for your company.
Submit an application along with the necessary fees and get the approvals from the relevant government bodies.
Obtain the initial approval letter from the authority.
Secure an office space or warehouse facility in the free zone.
Prepare and sign the necessary legal documents, including the Memorandum of Association (MOA) and the Lease Agreement for the chosen facility.
Pay the relevant fees for company registration, license issuance, visa processing, and other applicable charges.
Obtain the license, which will allow you to operate within the RAK Free Zone and conduct business activities as per the approved scope.
Obtain residence visas, work permits, and other immigration-related services.
Open a corporate bank account with a local or international bank in the UAE.
Business Licenses Issued in RAK Free Zones
- Commercial License
- Educational
- E-Commerce
- General Trading
- Professional
- Industrial
- Media
- Service
- Freelancer Permit
Benefits of RAK Free Zone
- Simplified and fast-track business setup processes
- Tax exemptions
- Ready and customizable offices for every businesses
- State-of-the-art infrastructure and advanced utilities
- 100% business ownership
- Exemptions from import and export duty fees
- Cost-effective business packages
Conclusion
Those businesses looking to establish themselves in the Middle East will find the Ras Al Khaimah Free Zones to be a significant advantage. INCORP will guide you to all the unrivalled benefits and techniques of setting up a business in the UAE Freezones.