RAK Free Zone Company Setup

RAK Free Zone Company Setup

Ras Al Khaimah (RAK) is one of the seven emirates that comprise the United Arab Emirates (UAE) along with Abu Dhabi and Dubai. RAK has the highest level of industrialization in the UAE, with manufacturing at 26% of the GDP. This includes RAK Ceramics, the world’s largest maker of ceramic tiles; Julphar Pharmaceuticals, the Middle East’s largest pharmaceutical manufacturer; Streit Group, the largest armored car manufacturer in the world; and several other industry-leading companies. They have contributed to the emirate’s high levels of GDP growth over the last three years, which has been higher than the UAE’s overall growth rate.

RAK’s growing economy has also led to strong diversification across multiple sectors, including not only manufacturing but also services, trading, and tourism. Over the years, the emirate has built a reputation for a business-friendly investment environment and a competitive cost of establishing and operating companies. The cost doing business in RAK is 25 to 50 per cent lower than the UAE average, allowing companies to maximize their return on investment.

Ras Al Khaimah Free Trade Zone (RAK FTZ) offers a gateway to emerging markets with over 8,000 registered companies from 106 countries and 50 industry sectors. One of the fastest-growing free trade zones in the UAE, the RAK FTZ is 100% tax-free, allows 100% foreign ownership, and provides award-winning service to its clients.

The costs of living and doing business in Ras Al Khaimah are markedly lower than in other emirates, and far below those of traditional business centres such as London, New York, Hong Kong and Mumbai, allowing for a potentially greater return on investments.

Named one of the top five free zones in the Middle East, the RAK FTZ has four unique free zone parks that will suit every investor according to their specific requirements. They include a Business Park, an Industrial Park, and Technology.

Source : RAK FREE ZONE

Advantages of RAK Free Zone:

  • A tax-free investment environment
  • 100 per cent foreign ownership
  • Fast and efficient business set-up and support services
  • Fast-track UAE visa issuance
  • A wide range of real estate facilities to suit your individual business needs
  • The Mazeed Services, which provides translation of documents, recruitment of employees, procurement support, creation and printing of corporate materials, and many other services
  • A strategic geographical location that provides easy access to markets across Europe, North Africa and the Middle East as well as South and Central Asia

Facilities Offered by RAK Free Zone:

  • Flexi Facilities;
  • Standard Offices;
  • Executive Offices;
  • Shell & Core Offices;
  • Warehouses;
  • Industrial Land.

Legal Entities in RAK Free Zone

  1. FREE ZONE ESTABLISHMENT (FZE).
    A new business entity with a sole owner
  2. FREE ZONE COMPANY (FZC)
    A new business entity owned by 2-5 share holders
  3. BRANCH OF A LOCAL COMPANY
    A branch of a domestic company located in the UAE The parent company should be older than one year
  4. BRANCH OF A FOREIGN COMPANY
    A branch of a company located outside the UAE The parent company should be older than one year

Licence Types RAK Free Zone:

  • COMMERCIAL
    Allows your company to import, export, distribute, or warehouse goods. You can select from specific or general trading licences
  • CONSULTANCY / SERVICES
    Allows your company to conduct services or consultancies across any industry
  • INDUSTRIAL
    Allows your company to import raw materials, as well as to manufacture, process, package, and export finished products
  • EDUCATIONAL
    Allows your company to open any type of learning or training institution as well as education-related consultancy

Source : RAK FREE ZONE