MSZ Consultancy is your one-stop for everything you need for your new company. We are here for the setup and the life of your business. Here are the corporate services we offer for your company in Ras Al Khaimah:
Are you considering forming your company in the United Arab Emirates? Then Ras Al Khaimah (RAK) could be the perfect spot. RAK is perfectly centered between the Arabian Gulf on the West and the Hajjar Mountains on the East. The Emirate is just 45 minutes away from Dubai, and its Free Zones are the closest to the far Eastern nations; China, India, Iran, Pakistan, and Commonwealth of Independent States. So, this strategic spot makes RAK an ideal investment for global companies.
Ras Al Khaimah is one of the most developed economies in the Emirates and has seen tremendous growth. Company formation in RAK is a quick and hassle-free process. Although the procedures are laid back, you still need to make sure you have all the required documents and follow all the proper procedures. Our team of experts can help you along the way to make sure you have everything you need for a smooth RAK company formation.
The first step to Ras Al Khaimah company formation is to decide what type of business activity you will have. This is defined by a commercial, professional, or industrial business activity.
Under this step, you will decide on the type of corporate entity for your business. This will depend on the type of business you are doing and how many shareholders you plan to have.
You will need to finalize what area you will register your company in. In RAK, the areas for businesses are the Mainland, Free Zone, and Offshore.
Before getting the company name certificate, you will first need to get initial approval. Initial approval will allow you to go forward with the business license and other procedures.
Now it is time to pick your name. You will have to pick a unique name and submit it to the Department of Economic Development.
In this next step, you will have to visit the required authorities to get their consent. The authorities you get approval from will all depend on your business activity.
Now it is time to get your business license. If needed, you will have to complete any other requirements determined by the Department of Economic Development before your license is issued
The final step is finding a place to set up your company in. After you’ve found the spot, the Monitoring and Consumer Protection Administration in the Department of Economic Development will visit the spot and give final approval.
There are three options for business setup in RAK – Mainland, Offshore, and Free Zone. Your business license will greatly depend on where you plan to setup your company. Each area has its own advantages and set of requirements.
Business setup on the RAK Mainland is a popular area for investors because of the many advantages. Some of these advantages include – no currency restrictions, no mandatory annual audits, and no limits on the number of business activities. In order to have a company on the RAK Mainland, you will need a local sponsor that will own a majority of shares in the company.
An offshore company is a legal corporate body that is set up and operated outside of its registered authority. Investors take their company Offshore because it is a gateway to the international market, there’s an exemption from all import duties, and total foreign ownership is allowed. And that’s not all. Another big advantage of an Offshore business is the price. Ras Al Khaimah’s Offshore is cheaper compared to Dubai or Fujairah.
Doing business in the RAK Free Zone is another cost-effective option. The facilities in the Free Zone are 25% lesser in RAK than any other Emirate in the UAE. There are four Free Zone areas to choose for company registration:
Aside from this, there are also four Free Zone business parks:
One of the most important steps to forming a company in RAK is getting your business license. You will need to have a valid license in order for your business to be legal. The type of license you need will depend on the type of business you will have. Here are the licenses available in Ras Al Khaimah
This involves trading, import, and export activities. This license is also for companies involved in industrial and manufacturing activities.
This license allows a company to carry out various professional services. This includes consultancy services, IT, design, development, and many others.
This allows investors to import raw materials, carry out the production of goods, and export the finished product.
Before forming your company in RAK, you will have to decide what type of corporate structure you will have. Here are the business entities available for Ras Al Khaimah company registration:
Don’t let anything get in the way of your dream business in Ras Al Khaimah. At MSZ Consultancy, we specialize in all forms of company formation in the UAE. Our team of experts have in-depth knowledge of business in Ras Al Khaimah and will help guide you through the entire process. Take the first step to forming your company in Ras Al Khaimah – contact us today on +971 52 544 1248 for a free consultation!
We specialize in company incorporation in the UAE. Let us guide you through the entire process for a hassle-free incorporation.
No matter where you are located right now, we can help you register your company in Ras Al Khaimah. We will make sure all the proper steps are taken for a smooth registration.
Businesses inside the UAE Mainland require a local sponsor. While it may be intimidating finding someone to trust to help your company out, don’t be overwhelmed. MSZ Consultancy will help you find a trustworthy local sponsor.
We offer PRO services to help you through the formalities of your company like visas, trade license renewals, getting legal documents notarized, and more.
Keeping accurate accounting records can be a hassle. Let us take over your accounting and bookkeeping so you can focus on the core of your business.
The UAE law requires almost every company to do an audit. Audits are important to have when it comes to banking, loan approvals, liquidation, and other areas. Let us help you maintain your book of audits.
We make tax management easy! We are familiar with the government regulations. Let us make sure you’re making the most of your taxes.
We can make sure you have all the right documents for VAT registration and review everything to make sure your registration goes off without a hitch.
MSZ Consultancy provides legal advice around the clock. We can help you draft contracts, review documents, help you understand UAE Labor Laws, and anything else your company may need when it comes to legal help.
Having a licensed branch in Ras Al Khaimah is a great way for you to expand your business. We will guide you through all the government matters to get your branch established.
We provide all the services to protect your brand like patents, trademarks, and copyrights. Let us help you protect your intellectual property.
There are three types of business licenses in RAK: General Trading License, Professional License, and Industrial License.
No. You do not need to have a resident director or a resident shareholder for business incorporation in RAK.
There are several benefits of an Offshore company including 100% repatriation of profits and capital and exemption from import duties.
If you plan on having your business in the UAE, then you will need an office. If the company is Offshore, a virtual office is allowed.
First, decide on the business activity and apply for your business license, finalize your corporate structure, get initial approval from authorities, and submit your business application and other documents to the correct authorities.