Setup

RAK Free Zone Company Formation

Ras Al Khaimah free zone company setup is profitable for investors and entrepreneurs from all around the world. There are various incentives and benefits provided by the authorities that will jump-start the future of new businesses here. Spider Business Center has experienced consultants who have completed the process of business setup in RAK free zone multiple times. So, if you are looking to set up your business in Ras Al Khaimah Free Trade Zone (RAK FTZ) then our consultants are ready to guide you through the process.

Ras Al Khaimah Free Trade Zone is the youngest of all the free zones that are located in the UAE. As a result, it has built itself an international reputation that makes it so attractive to investors from all corners of the world. It has excellent infrastructure that the authorities have developed over the years through careful research, planning, execution, and development. It has developed the unique 3 Park concept that was not previously available in the UAE. Finally, the RAK FTZ provides premium business facilities to all the companies located here.

The authorities will continue to provide more incentives for RAK Free Zone company setup to stay ahead of the competition, as more and more free zones pop up in the UAE. The Ras Al Khaimah Free Trade Zone mainly focuses on attracting investors in its environmentally friendly service, manufacturing, and industrial sectors. As the RAK FTZ is attracting experienced investors in the technology industry, a RAK Free Zone business setup gets all the benefits of a modern workspace. To increase the ease of doing business here, the authorities have introduced an easy and swift licensing process, which we will discuss shortly.

Free zone company setup in RAK also gets the full benefits of the Ras Al Khaimah International Airport, which was opened in 1976. Since its inception, the Ras Al Khaimah Free Trade Zone Authority has provided licenses to more than 12,000 companies that are originating from over 100 countries.

If you are looking to get your company started in the Ras Al Khaimah Free Trade Zone, our experienced consultants in Spider Business Center are more than happy to provide their services for you. Our services include everything that you need to get your business up and running in the RAK FTZ without any headaches.

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You can contact us on info@spiderbc.com or call us on +971 800 774337

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Benefits of

Benefits of Company Formation in RAK Free Trade Zone

Here are the benefits provided by the authorities to any investors or entrepreneurs looking to invest in Ras Al Khaimah Free Trade Zone:
  • 100% tax exemption from personal and corporate incomes.
  • 100% repatriation of profits and capital from business.
  • 100% ownership for both local and foreign businessmen and investors.
  • No capital is required to get started.
  • Lenient and easy-to-understand laws and regulations.
  • State-of-the-art communication facilities.
  • Straightforward and fast registration procedure.
  • Located in a port at a distance of 95 km from Dubai.
  • Reliable supply of energy from a power plant.
  • Excellent transport connection with the major seaports and airports in the UAE.
What’s Included

Activity Charges

  • Registration Fees-7,000 AED
  • General Trading License-15,000 AED
  • Special Executive Office-26,000 AED
  • IP-Installation Charges-550 AED
  • IT Services Monthly Fixed Charges-360 AED
  • Admin Service Charges-1,200 AED
  • Total-50,110 AED
What’s Included

Documents Required

  • Passports copy of each individual with validity 6 months (shareholders and Managers).
  • NOC letter is the (shareholders and managers) are holding UAE residence visa.
  • Trade name & activity
  • Brief project description

Business Setup Procedure in Ras Al Khaimah Free Trade Zone

Here are the steps you are required to follow to set up a company in the RAK FTZ:

Select Business Activities

Not just in the Ras Al Khaimah Free Trade Zone, to start a business anywhere in the UAE you need to first select the business activities you want to perform. You need to check whether those business activities are allowed in the free zone you are looking to start your business in. The type of trade license you need to apply for will depend on the business activities you choose to perform. So, if the activities you chose are allowed, you need to choose the type of trade license that allows those business activities. The types of trade licenses in the RAK FTZ include the general trading license, the commercial trading license, the industrial trading license, and the consultancy/service trading license. If you are confused about which trade license you need to apply for, you can always contact our professional consultants.

Register Trade Name

For the formation of a new company anywhere in the UAE, you need to register a trading name that is not already in use. The name can be in use in other places of the world, but as long as it is not registered in the general journal of the UAE, you can use it. You can use various online tools to find if the name you have in mind is trademarked in the UAE or not.

Ras Al Khaimah Free Zone Company Setup

Obtain the Necessary Approvals

You need to obtain various approvals from different agencies and government bodies depending on the business activities you choose to perform. Getting all these approvals on your own can be time-consuming and a stressful process. You can choose our services to get these approvals because our consultants have the necessary connections required to easily source all the approvals for your specific business.

Submit Documents and Pay Fees

After you have obtained all the necessary approvals, you need to submit all the required documents and pay the fees. The fee of registering for a trade license in RAK Free Zone without a visa is AED 11,440. Here are the documents that you need to submit to the Ras Al Khaimah Free Trade Zone Authority:

  • Copies of all the shareholders’ passports.
  • The list of proposed trade names for your business.
  • The certificate of incorporation.
  • The briefly described business objectives of your company.
  • A reference letter from the bank.
  • The filled-up application form.

 

Any error in these documents will cause expensive setbacks in the business setup process. That is why it is suggested to get services from experienced consultants who have worked with these documents before.

Trade License

After you have obtained all the necessary approvals and documents, you need to apply for the trade license to the Ras Al Khaimah Free Trade Zone Authority. If everything is free from error, then you will receive the license within one week. However, if there are any errors then the process will be lengthened, and you will have to shoulder more expenses. That is why it is best to leave the registration process to the experts.

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