RAK Free Zone Company setup
When it comes to international business RAK Free Zone company setup is one of the best options available registered in the UAE. Ras Al Khaimah company provides unique benefits to the international business including the advantages tax treatment of corporate income and other incentives.
The Emirate of Ras Al Khaimah is one of the best places to conduct business. With RAK Free Zone company formation you can also open a bank account in the UAE. These accounts are highly recommendable, effective, and secure choice for your business.
How to start your business in RAK Free Zone Company setup?
Approval
Obtain the approval for the company name and business activities
Documents
Sign the necessary documents and submit it to the registrar of RAKIZ
Registration Fees
Pay the necessary registration fees
All Set to Go
Your business is all set to start
Documents Required
- Passport copies
- Bank reference letter
- Proof of residence
- Bank statement for the last 6 months of the company
Why should you set up your business in the RAK Free Zone Company setup?
Control
Incorporating your company in Ras Al Khaimah Free Zone, the business owner gets the control of the company. There is no need to find a local partner and its 100% foreign ownership.
Flexibility
With RAK Free Zone Business setup there is no minimum capital required and no need to file financial accounts. Also, the rules and regulations for opening bank accounts are easy.
Savings
Setting up a business here is highly cost-effective. The business expenses, registration, and renewals costs are extremely low. There is also no need for the requirement of office space.
Business activities in the Ras Al Khaimah Free Zone
- Research
- IT
- Media
- Contracting
- Design
- Engineering
- Art trading
- Consulting
- Logistics
- Healthcare
- Production and Manufacturing
- Project Support
RAK Free Zone company types
A company limited by share
A company limited by guarantee
Unlimited Company
Benefits
- RAK operates at 0% taxation level
- There are no import-export duties as well as no taxes on dividends
- Fast and easy registration
- Low administration cost.
- Full foreign ownership of the business
- No currency restrictions
- It has a business-friendly legal system
- The rules and regulations are flexible
Major RAK Free Zones
RAKEZ
Ras Al Khaimah Economic Zone also is known as RAKEZ free zone, provides spectacular economic opportunities. RAKEZ provides a truly cost-effective entrepreneurial environment and already has to over 1000 businesses. It is an ideal spot for any business and one the fastest growing free zones. Setting up your business in RAKEZ benefits transparent laws and regulations, security and political stability.
The number of shareholders required is a minimum of 2
Documents Required
- Passport of shareholders copy
- Proof of trade name reservation
- Initial approval of the business activity
- The business facility lease agreement
RAK Maritime CityFree Zone
Foreign investors and businessmen who are interested in Maritime business activities can set up a business in RAK Maritime City Free Zone. It provides international port facilities and business services for companies who are looking for a secure environment. Setting up a business in here eases out the legal framework, provides tax benefits and 100% company ownership.
The number of shareholders required is a minimum of 2
Documents Required
- Application form
- Brief description of company
- Passport copies of owner and manager
- Bank statement
- Registration certificate
RAK Media City Free Zone
RAK Media City Free Zone is the major entertainment hub for companies having a business in the media industry. It has great infrastructure and pre-built offices. It is a global hub and has business-friendly regulations. The operational costs are low. Setting up a company here benefits you with high-tech communication facilities and easy access to a larger market. It is an outsourcing destination for media companies,
The number of shareholders required is a minimum of 2
Documents Required
- Proof of company name reservation
- Certificate for approval of business activities
- Passport copies of the shareholders
- Lease agreement
RAK Free Zone company setup made easy
RAK Free Zone company formation is one of the highly attractive locations and proven solutions for international business. It is one of the fastest leading destinations for business formation. RAK Free Zone has a record of safety, stability, and confidentiality for businessmen.
We have the local expertise and our team will guide you through the entire process. Get in touch with MSZ Consultancy to set up your business.
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