In one of the world’s busiest business hubs, are you prepared to take your company to new heights? You don’t need to look further than Ras Al Khaimah (RAK), one of the United Arab Emirates’ (UAE) fastest-growing emirates. And it’s now easier than ever to get a Freezone business license in RAK with our professional help.
You are required to select one of the three main economic activities: commercial, professional, and industrial. Businesses in the general, industrial, or retail sectors trade or sell goods to other companies or end users.
Select the company organization. You can select one from the provided set that goes well with your company endeavors. The conditions of the legal status can be selected after the business's type and nature have been determined.
Ensuring that the business names align with the guidelines established by the free zone authorities is crucial. The free zone authorities will not allow the establishment of a firm name that contains any derogatory words or references to any religion.
After receiving clearance from relevant authorities, an interested party in the company can move forward with meeting all the prerequisites for obtaining a business license. It is necessary to seek approval from the Department of Economic Development.
It is better to apply for and obtain a visa with the assistance of a specialist who focuses on business development and obtaining permits and visas.
The last, but certainly not least, step is to rent a real office where you can conduct business. Only the owner of the company or a key investor should choose an office and lease it.
The RAK Free Trade Zone (RAK FTZ) has unmatched benefits for companies wishing to expand into the United Arab Emirates. The following are the reasons global companies and entrepreneurs are selecting RAK Freezone:
Our commitment lies in assisting company owners and entrepreneurs in navigating the challenges involved in establishing a company in the RAK Freezone. Among our many services are:
Don’t allow red tape and bureaucracy prevent you from achieving your business goals. You may swiftly and effectively establish your business in RAK Freezone with our professional support. Speak with us right now to find out more about our offerings and to begin your journey to a wealthy future in the United Arab Emirates.
Types of Trade License Available ?
Following licenses are available for company formation in RAK FTZ
Frequently Asked Question
Within the Emirate of Ras Al Khaimah, United Arab Emirates, is the RAK Free Trade Zone, a specialized economic zone. For companies wishing to expand into the area, it provides a plethora of advantages and incentives.
The establishment of many kinds of companies is permitted in RAK FTZ, such as Free Zone Establishment (FZE), Free Zone Company (FZC), and branches of foreign companies.
Benefits include complete repatriation of profits and capital, zero corporate and personal tax, modern infrastructure, fast firm setup procedures, and advantageous location.
Depending on the kind of company being formed, requirements may change, but they usually involve submitting the necessary paperwork, including application papers, business plans, and copies of passports. There can also be minimum capital requirements.
A few days to a few weeks are the usual time frame for company creation, though this can vary based on a number of variables including the kind of business, the completeness of the paperwork, and permissions.
Even while RAK FTZ welcomes a variety of commercial ventures, certain activities could be subject to limitations or unique criteria. It’s best to confirm in advance with the authorities.
Businesses operating in RAK FTZ are expected to fulfill a number of yearly criteria, including financial statement submission, license renewal, and compliance with any additional regulatory requirements set forth by the authorities.
Yes, companies operating within the free zone can rent office spaces, warehouses, and other facilities from RAK FTZ.
As long as they abide by UAE laws and regulations, businesses registered in the RAK Free Trade Zone are often permitted to conduct business outside of the zone.
In an aim to draw investment and encourage economic diversity, RAK FTZ may provide unique incentives or packages for particular companies or sectors.
Ras Al Khaimah Free Trade Zone operates in four specialized free zone parks to fulfill the requirements of small medium and large businesses.
Creative Business Solutions provide exceptional and personalized services that meet the unique needs of our clients, through a team of experienced and dedicated professionals.
