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Ras Al Khaimah is at a geostrategic location and has a perfect place for company setup as it is near fast emerging markets in Southeast Asia, Africa, and Europe. Ras Al Khaimah Free Trade Zone, which was established in 2000, is a very cost-effective and rapidly growing Free Trade zone in the United Arab Emirates. RAK Free Zone provides numerous incentives at the lowest rates compared to other free zones located in the UAE.
All entrepreneurial services are available in RAK FTZ and accessible through the RAK Portal 360. So, there is a significant reduction in the time to method paperwork and requests for RAK Company Formation.
Company Formation in Ras Al Khaimah is an excellent alternative to other free zones available in the United Arab Emirates because it offers a wide range of offices and warehouses.
Ras Al Khaimah has recorded unexpected economic growth in recent years, which attracted the attention of investors to the emirate. Ras Al Khaimah is referred to as a cost-effective emirate to live, work, and run a corporation entity. Company Formation in Ras Al Khaimah provides the benefit of proximity to the Strait of Hormuz.
Complete foreign ownership
Free from taxes (including VAT)
Zero restrictions on foreign exchange transactions and other free zone facilities.
The free zone provides relatives with lower costs for renting an office or space and energy supply.
AL Hamra Business Zone : This zone is a business space with access to commercial, industrial, and logistics hubs, along with entertainment and residential facilities.
Al Hamra Industrial Zone :This zone is ideal for businesses involved in light and heavy industry sectors.
AL Ghail Industrial Zone :This zone is dedicated to the businesses involved in industrial manufacturing.
Al Hulaila Industrial Zone :This zone is dedicated to heavy industry producers.
RAKEZ Academic Zone :This zone is a host to top international education institutes and service vendors
Al Nakheel Business Zone :This zone is home to top-class business centers for freelancers and SMEs.
Ras Al Khaimah is one of the few free zones with a customizable warehouse and plots for industrial land for development. You may additionally build or rent a ready-made staff and labor accommodations. Remember, this free zone has all the benefits that other free zones offer but suits much smaller budgets.
This license lets the holder for activities, including consulting services in finance, investment, management, legal issues, economics, and more. Restaurants or food outlets, catering services, travel agencies, insurance, cargo & freight forwarding, and others are other activities that are allowed with the help of this license.
The license is crucial for corporations willing to conduct business activities, like Importing raw materials, manufacturing, processing, assembling, packaging, and exporting finished products. It is necessary to clearance from Ras Al Khaimah Free Zone to obtain this license.
The license allows you to conduct various types of activities, like import, export, storage, and distribution of items as specified in the license. Investors with access to RAK Company Formation services may easily get a commercial license.
This license allows a company to conduct various professional services to Setup a Company in RAK UAE. Consultancy services, IT, design, development, and many other services are included in this license.
The license is a commercial license that allows its holders to conduct activities, like trading, import, export, and other activities. This license is for those companies involved in industrial and manufacturing activities. Unlike a normal trading license, the product is required to be similar. Consultants of Business Setup In Ras Al Khaimah, like Flyingcolour, may help you to obtain a general trading license.
Initially, you must choose the business activities to Business Setup in Ras Al Khaimah. Remember, the RAK Free Zone allows a wide range of business activities. These activities include commercial, educational, e-commerce, media, and more. Therefore, you should select a feasible business activity that you’re confident in.
Selecting the corporate entity is the next step to RAK Free Zone Business Set-Up in UAE. You must choose the legal entity that matches with your selected business activities. Once the type and nature of the business are decided, the legal status conditions may be selected as well.
The name of the business is the first impression of your company. Therefore, you should choose the company name carefully. The UAE government has specific norms for naming companies. Flyingcolour can help you to follow these norms. After opting for the business name, you have to name it with the concerned authorities in the Ras Al Khaimah Free Zone.
You must apply for a trade license for Company Formation in Ras Al Khaimah. Remember, this free zone issues numerous licenses. Therefore, you should choose the appropriate license.
You have to also apply for a visa for yourself and your staff.
You should obtain a license for your business.
Lastly, you must rent an office space in the free zone to start business operations.
Flyingcolour Business Setup provides you with excellent business setup services. Our experts can help you a every stage of RAK Free Zone Business Set-Up in UAE. Furthermore, we may assist you in making the business setup journey easier.
Following is very popular free zone located in Ras AL Khaimah
Flyingcolour® assists in all types of company registrations in the United Arab Emirates. We assist in Mainland, Free Zone, or Offshore company registrations in all Emirates of the UAE and also assist in opening bank accounts with all local leading banks. We closely work with all Government Departments and banks.