Company Setup in Ras Al Khaimah Free Zone
Are you considering setting up a company in Ras Al Khaimah Free Zone? Company Setup in Ras Al Khaimah Free Zone has become one of the most preferred choices for entrepreneurs and investors seeking a cost-effective, business-friendly, and strategically located hub in the UAE. With investor-friendly policies, setting up your business here is fast, efficient, and highly profitable.
- 100% foreign ownership, no local sponsor.
- Zero corporate & personal tax.
- Full profit & capital repatriation.
- Low setup & renewal costs.
- Fast, hassle-free incorporation.
- Strategic GCC & global access.
- No currency restrictions.
- Flexible, multi-activity licenses.
- Modern offices & warehouses.
- Investor-friendly regulations.
- Long-term visas for owners & staff.
- Near major ports & airports.
- Strong global business network.
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Why Choose Company Setup in Ras Al Khaimah Free Zone
Ras Al Khaimah (RAK) Free Zone is one of the most attractive business hubs in the UAE, offering entrepreneurs and investors a combination of cost-effectiveness, flexibility, and strategic advantages. Known for its business-friendly policies, RAK Free Zone allows 100% foreign ownership, eliminating the need for a local sponsor. This makes it an ideal destination for international investors who want full control over their business operations and profits. Additionally, the free zone’s simplified incorporation process ensures a quick and hassle-free company setup experience.
Choose RAK Free Zone is its highly competitive tax benefits. Investors enjoy zero corporate and personal income tax, along with no restrictions on capital repatriation. This ensures maximum profitability and financial freedom for business owners. Furthermore, the free zone imposes no currency restrictions, making it easier to conduct seamless international transactions with clients and suppliers worldwide.
The cost of setting up and maintaining a company in RAK Free Zone is notably lower than in many other UAE free zones. Affordable license packages, flexible office solutions, and low renewal fees make it a budget-friendly option for startups, SMEs, and even large corporations. This cost-effectiveness, combined with world-class infrastructure and services, allows businesses to scale efficiently without unnecessary financial strain.
RAK Free Zone also benefits from its strategic geographic location. Situated near key UAE transport links, including seaports, airports, and highways, it offers easy access to GCC, MENA, and global markets. This makes it an excellent choice for businesses involved in trade, logistics, and manufacturing. The proximity to major shipping routes and regional markets further enhances the competitiveness of companies operating from RAK.
The free zone offers a wide range of licensing options that cater to diverse business activities, including trading, consulting, industrial, and service-oriented enterprises. Businesses also gain access to modern facilities, professional support services, and investor-friendly policies that encourage growth and innovation. With its competitive setup costs, tax-free environment, and strategic advantages, Ras Al Khaimah Free Zone is a top-tier choice for entrepreneurs looking to establish a strong presence in the UAE.
Steps for Company Formation in Ras Al Khaimah Free Zone
Company formation in Ras Al Khaimah Free Zone is a simple and efficient process designed to attract entrepreneurs from around the world. The first step is to select your business activity and determine the type of legal entity you wish to establish, such as a Free Zone Company (FZC) or a Free Zone Establishment (FZE). Next, you must reserve a trade name and prepare the necessary documentation, including passport copies, application forms, and proof of address. Once these requirements are fulfilled, you can submit your application to the free zone authority for approval.
After receiving initial approval, you proceed with the payment of license fees and signing of incorporation documents. The final steps for company formation in Ras Al Khaimah Free Zone include obtaining your business license, setting up a bank account, and securing any required visas for you and your employees. With its fast processing times and minimal bureaucracy, the free zone allows businesses to become operational within just a few days, making it one of the most attractive destinations for investors in the UAE.
Benefits of Company Setup in Ras Al Khaimah Free Zone
Setting up a company in Ras Al Khaimah Free Zone offers multiple benefits that make it an attractive destination for entrepreneurs and investors. One of the key advantages is 100% foreign ownership, allowing complete control over your business without the need for a local sponsor. Additionally, the free zone provides zero corporate and personal income taxes, enabling businesses to maximize their profits. The cost-effective setup and renewal fees make it an ideal choice for startups and established companies alike, while the strategic location offers easy access to GCC, MENA, and international markets.
Ras Al Khaimah Free Zone boasts a streamlined and quick company registration process, allowing businesses to start operations rapidly. The free zone supports a wide range of business activities with flexible licensing options, enabling companies to diversify under one license. Investors also benefit from modern infrastructure, including office spaces, warehouses, and industrial facilities, as well as strong government support and easy access to long-term visas for owners and employees. These combined benefits create a conducive environment for sustainable business growth and success.
- 100% foreign ownership
- Fast, hassle-free incorporation
- Zero corporate & personal tax
- No currency restrictions
- Low setup & renewal costs
- Modern offices & warehouses
Types of Licenses Available in Ras Al Khaimah Free Zone
Ras Al Khaimah Free Zone (RAKEZ) offers a variety of business licenses tailored to meet the diverse needs of companies operating within its jurisdiction. The main types of licenses include Commercial, Industrial, and Service licenses. Commercial licenses cover trading activities such as import, export, and general trading. Industrial licenses cater to manufacturing and production businesses, allowing companies to carry out light to medium industrial activities. Service licenses are designed for companies providing professional services like consulting, IT, marketing, and education. Additionally, RAKEZ provides specialized licenses such as Freelance permits for individual professionals and licenses for logistics and warehousing companies.
These licenses are designed to offer flexibility and accommodate a wide range of business activities, ensuring that entrepreneurs and investors can operate efficiently and legally within RAKEZ. Each license type comes with specific regulatory requirements and benefits, including 100% foreign ownership, tax exemptions, and streamlined setup processes. This variety allows businesses, from startups to large enterprises, to select the most suitable license based on their operational goals and industry needs.
Trading License
Service License
Commercial License
Industrial License
Professional License
Tourism License
Types of Legal Entities in Ras Al Khaimah Free Zone
In Ras Al Khaimah Free Zone, entrepreneurs can choose from several types of legal entities to best suit their business needs. The most common options include the Free Zone Company (FZC) and the Free Zone Establishment (FZE). An FZC typically involves multiple shareholders, allowing a more flexible ownership structure, while an FZE is owned by a single shareholder. Both entity types enjoy full foreign ownership, limited liability protection, and the ability to conduct a wide range of business activities within the free zone and internationally.
Ras Al Khaimah Free Zone offers branch office setups for foreign companies looking to establish a presence without creating a separate legal entity. This allows businesses to operate under their parent company’s license while benefiting from the free zone’s favorable regulations. The variety of legal entities available ensures that businesses of all sizes and industries can find the right fit for their operations, making company setup in Ras Al Khaimah Free Zone flexible and tailored to investor requirements.
Public Shareholding Company (PJSC)
Free Zone Company (FZCO)
Branch of a Foreign Company
Offshore Company
How to Open a Corporate Bank Account in Ras Al Khaimah Free Zone
Opening a corporate bank account in Ras Al Khaimah Free Zone is a straightforward process, but it requires careful planning and attention to detail. Here are the steps you need to follow to open a corporate bank account in Ras Al Khaimah Free Zone:
- Choose a Bank: The first step in opening a corporate bank account is to choose a bank that meets your business needs. Consider factors such as the bank’s reputation, services offered, and fees before making your decision.
- Prepare the Required Documents: Banks in Ras Al Khaimah Free Zone require certain documents to open a corporate bank account. These may include:
- Certificate of Incorporation: Proof that your company is registered in Ras Al Khaimah Free Zone.
- Memorandum and Articles of Association: A document outlining your company’s structure and operations.
- Passport Copies of Directors: Identification of the company’s directors.
- Business Plan: Details about your company’s operations and financial projections.
- Proof of Address: Utility bills or lease agreements to verify your company’s physical address.
- Submit Your Application: Once you have gathered all the necessary documents, you can submit your application to the chosen bank. The bank will review your application and may require additional information before approving your account.
- Initial Deposit: Upon approval of your application, you will be required to make an initial deposit to activate your corporate bank account. The amount of the initial deposit may vary depending on the bank’s requirements.
- Activate Your Account: Once the initial deposit has been made, your corporate bank account will be activated, and you can start using it for your business transactions.
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Required Documents for Company Setup in Ras Al Khaimah Free Zone
To streamline the company setup process in Ras Al Khaimah Free Zone, consider working with a business setup consultant, in setting up companies in the Free Zone. These professionals have the expertise and knowledge to navigate the requirements and ensure a smooth and efficient setup process. Additionally, familiarize yourself with the specific regulations and procedures of Ras Al Khaimah Free Zone to avoid any delays or complications.
Opening a corporate bank account in Ras Al Khaimah Free Zone is a straightforward process, but it requires careful planning and attention to detail. Here are the steps you need to follow to open a corporate bank account in Ras Al Khaimah Free Zone:
- Choose a Bank: The first step in opening a corporate bank account is to choose a bank that meets your business needs. Consider factors such as the bank’s reputation, services offered, and fees before making your decision.
- Prepare the Required Documents: Banks in Ras Al Khaimah Free Zone require certain documents to open a corporate bank account. These may include:
- Certificate of Incorporation: Proof that your company is registered in Ras Al Khaimah Free Zone.
- Memorandum and Articles of Association: A document outlining your company’s structure and operations.
- Passport Copies of Directors: Identification of the company’s directors.
- Business Plan: Details about your company’s operations and financial projections.
- Proof of Address: Utility bills or lease agreements to verify your company’s physical address.
- Submit Your Application: Once you have gathered all the necessary documents, you can submit your application to the chosen bank. The bank will review your application and may require additional information before approving your account.
- Initial Deposit: Upon approval of your application, you will be required to make an initial deposit to activate your corporate bank account. The amount of the initial deposit may vary depending on the bank’s requirements.
- Activate Your Account: Once the initial deposit has been made, your corporate bank account will be activated, and you can start using it for your business transactions.
Cost of Company Setup in Ras Al Khaimah Free Zone
Setting up a company in the Ras Al Khaimah Economic Zone (RAKEZ) offers a cost-effective and efficient pathway for entrepreneurs aiming to establish a business presence in the UAE. RAKEZ provides various licensing packages tailored to different business needs, with prices starting from AED 6,000. These packages cater to a range of activities, including trading, e-commerce, and services, and come with flexible office space options such as flexi-desks and dedicated desks. Additionally, RAKEZ offers an all-inclusive business setup package priced at AED 16,500 per year, which includes a UAE residence visa, third-party visa processing, immigration file/E-channel, Emirates ID/medical, pre-approval, business license, and shared workstation.
For businesses requiring more comprehensive setups, RAKEZ provides options that include larger office spaces and additional visas. These packages are designed to accommodate growing companies and come with enhanced facilities and services. The setup process is streamlined, with registration typically completed within two weeks, and the availability of guaranteed bank account opening adds to the convenience for entrepreneurs. RAKEZ’s strategic location and robust infrastructure further support businesses in accessing regional and international markets efficiently.
| License Type | Office Space Type | Cost (AED) | Visa Allocation |
|---|---|---|---|
Zero-visa License |
Flexi-desk |
6,000 |
Zero |
1-Visa License |
Flexi-desk |
12,000 |
1 |
2-Visa License |
Dedicated desk |
18,000 |
2 |
3-Visa License |
Dedicated desk |
22,000 |
3 |
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