Emerged as the fastest developing trade zones of the UAE, the Ras Al Khaimah Free Zone (RAK FTZ) is the most ideal investment terminus. Having more than 8000 companies registered in the base, Ras Al Khaimah maintains its name as being the most cost-effective free zone of the region. Just half an hour’s drive away from Dubai makes this free zone a very attractive destination for international investors.
The investor at the Ras Al Khaimah enjoys several opportunities of benefit from the personalized support to customers and different tax incentives.
Commercial licenses in the RAK FTZ
To set up a business in the Ras Al Khaimah Free Zone, the entrepreneur should choose a suitable business license. Ras Al Khaimah Free Zone offers the option of many commercial licenses like:
- Commercial license
- Industrial license
- General trading license
- Consultancy services license.
The business license in RAK FTZ is issued for one year and can be renewed on applying for the renewal. The license is again renewed for a year and the process is continued. The enterprise is required to submit the yearly audit report along with the renewal application.
PMC Solutions DMCC can help you in the RAK free zone company formation and the renewal thereafter.
Why form a company in Ras Al Khaimah?
There are various reasons for why should an investor choose RAK FTZ for making investments
- No corporate taxes
- 100% foreign ownership is permitted
- A quick and simple procedure for incorporation
- The regulatory framework is very clear
- Access to all major seaports and airports
It is recommended to appoint a company formation specialist in UAE to get the most out of the benefits available in the RAK FTZ to investors.
Types of Business Setup in Ras Al Khaimah
The Free Zone Authorities have the authority to register a company and issue the applied license to the foreign companies in Ras Al Khaimah. The requirement to set up a business and the policies of each Emirate are different from the other Emirate, based on the type of business.
There are 3 options of business set up in RAK
- RAK Free Zone
- RAK Offshore
- RAK Mainland Company
Documents needed in the process of incorporation of a company
The company incorporation procedure is quite simple and clear at the Ras Al Khaimah free zone. RAK free zone company formation requires the following documents
- Completely filled application form along with trade name options
- A brief report of the business objectives or business plan
- Original Bank reference letter
- Shareholders/manager passport copies
- Colour passport size photographs of shareholders/managers.
Additional documents can be asked by the Authorities in some special business activities.
Role of a Registered Consultant – PMC Solutions DMCC
PMC Solutions DMCC is a registered and approved business consultant that offers RAK business setup. PMC Solutions DMCC have a team of well-informed consultants who guides the investors with cost-effective RAK Company set up quickly and with no difficulties.
Our team of experts is well acquainted with the procedures. We guide our clients in each step so they don’t have to worry about any approvals. We also handle the documentation formalities of the company set up and ensure that the Client does not have to face any red-tapes.