Business Setup In Ras Al Khaimah Free Zone

Complete Guide To Register Free Zone Company In Free Zones Located In Ras AL Khaimah (RAK)

Ras Al Khaimah Free Zone Business Setup

Ras2

  • Ras Al Khaimah is at the crossroads of South East Asia, Africa and Europe so it’s the perfect place for US entrepreneurs to set up their business. Ras Al Khaimah Free Trade Zone was launched in 2000 and is a cost effective and rapidly growing zone in the UAE. For US investors RAK Free Zone offers many incentives at very competitive rates compared to other UAE free zones so it’s a great option for business setup.

  • RAK Free Zone also provides personalized support services to US businesses to help them navigate the regulatory landscape. Just an hour from Dubai, RAK has an international airport and five strategic seaports including Saqr Port, one of the largest bulk ports in the region. Today it has a thriving community of over 12,000 companies from more than 100 countries across 50+ industry sectors.

Benefits of Business Setup In Ras Al Khaimah

 

➤ All services are available in RAK Free Trade Zone (RAK FTZ) and can be done through RAK Portal 360 which reduces the time taken to process paperwork and requests for RAK Company Formation

 

➤ For US entrepreneurs and investors, Company Formation in Ras Al Khaimah (RAK) is better than other free zones in the UAE as it has various office spaces and warehouses at competitive rates..

 

➤ Ras Al Khaimah has seen tremendous growth in the recent years and is attracting huge investment, including from USA based companies looking to expand in the Middle East. RAK is considered the most cost effective emirate to live, work and run a business with proximity to the Strait of Hormuz for international trade.

 

➤ 100% foreign ownership is allowed in RAK, so US entrepreneurs can have full control of their business.

 

➤ Tax free environment, including VAT exemption, which means big savings for USA businesses.s.

 

➤ No restrictions on foreign exchange transactions, which is good for US businesses doing cross border trade.

 

➤ Lower operational costs for office spaces, warehouses and energy supply, which makes RAK a good location for US SMEs and startups.

Ras Al Khaimah Free Zone has six different sectors, each for a specific business:

➜ Al Hamra Business Zone has commercial, industrial and logistics hubs, entertainment and residential facilities.

➜ Al Hamra Industrial Zone for light and heavy industry businesses.

➜ Al Ghail Industrial Zone for industrial manufacturing.

➜ Al Hulaila Industrial Zone for heavy industry producers.

➜ RAKEZ Academic Zone for international education institutions and service providers.

➜ Al Nakheel Business Zone for freelancers and SMEs.

Business 2

Free Zone Office and Warehouse

Ras Al Khaimah is one of the few free zones in the UAE where you can have customizable warehouse spaces and industrial plots for development. You can also build or lease pre-built staff and labor accommodations. And this free zone offers all the standard benefits of other free zones but tailored for cost conscious businesses.

Ras11

Ras Al Khaimah Free Trade Zone Parks

  • Technology Park for light industries, automated manufacturing and capital intensive lifestyle projects.
  • Academic Zone for educational companies.
  • Business Park fully furnished and functional offices, desks and Flexi offices at competitive rates for established businesses.
  • Industrial Park for warehouses and heavy industries.

Types of Licenses to Setup a Company in RAK UAE

RAK FTZ Consulting & Service License and Real Estate License

This license allows you to offer consulting services in various sectors like finance, investment, management, legal, economics. It also covers restaurants or food outlets, catering services, travel agencies, insurance companies, cargo and freight forwarding.

Industrial License

This license is required for companies that import raw materials, manufacture, process, assemble, package and export finished products. Clearance from Ras Al Khaimah Free Zone authorities is required to get this license.

Commercial License

This license allows you to import, export, store and distribute goods as specified in the license. Entrepreneurs using RAK company formation services can get this license easily.

Professional License

This license allows you to offer professional services like consultancy, IT solutions, design, development and many other services.

General Trading License

A broader commercial license that allows you to trade, import, export and related activities. Unlike a standard trading license where product types must be specified, the general trading license covers multiple product categories. Business setup consultants in Ras Al Khaimah, like Flyingcolour, can help you get this license quickly.

Steps for Company Formation in Ras Al Khaimah

1

Choose your activity – RAK Free Zone offers many options, commercial, educational, e-commerce, media etc. Choose an activity that matches your expertise and future plans.

2

Choose the company type – Decide on the legal structure of your company. This will determine the operational framework and compliance requirements.

3

Choose and register a business name – Choose a company name that adheres to UAE’s rules, make sure it meets the naming conventions. Flyingcolour can help you navigate these rules and submit the name for approval.

4

Apply for a trade license – Submit your application for the relevant trade license to RAK Free Zone, choose the one that matches your activity.

5

Apply for visas – Start the visa application process for yourself and your employees to work and live in the UAE.

6

Get the trade license – After the trade license is approved, complete the process to get the trade license that allows you to start operations.

7

Rent office in the Free Zone – Get an office in the RAK Free Zone to establish your official business premises and start your operations.

Why choose us?

Flyingcolour Business Setup provides expert guidance and personalized service for your business setup in RAK Free Zone. Our team is with you every step of the way to make the business setup process seamless

Free Zones Located in Ras AL Khaimah

Following is very popular free zone located in Ras AL Khaimah

Ras Al Khaimah Economic Zone (RAKEZ)

Flyingcolour® does all types of company registrations in UAE, We do Mainland, Free Zone and Offshore company setups across all Emirates of UAE. We also open business bank accounts with local banks. Our team works with UAE Government Departments and banks to make the registration process smooth.