Emerging as one of the fastest growing free trade zones in the United Arab Emirates, the Ras Al Khaimah Free Zone (RAK FTZ) is one of the most sought investment destinations. More than 8,000 compaines are currently registered in Ras Al Khaimah due to the low set-up and maintenance costs the free zone provides. Ras Al Khaimah is located 45 minutes away from Dubai, which makes the free zone a very appealing destination for foreign investors. Among the opportunities investors will benefit from within the Ras Al Khaimah Free Zone are customized support services and various tax incentives.
Business licenses in the Ras Al Khaimah Free Zone
In order to open a company in the Ras Al Khaimah Free Zone, investors must select the appropriate business license. There are four types of licenses to be obtained within the Ras Al Khaimah Free Zone:
- a commercial license,
- a general trading license,
- an industrial license,
- a consultancy or services license.
The business license is issued for a limited period of time which is usually one year. This may be renewed on a yearly basis provided that audit reports are submitted when applying for renewal. Companies licensed by the RAK FTZ Authority are also required to appoint a local agent in order to supply any goods or services in the UAE market.
Required documents to open a company in the RAK FTZ
The company registration procedure in the Ras Al Khaimah Free Zone is quite simple once all the documents are prepared. The required documents to open a company in the RAK FTZ are:
- an application form,
- a certificate of incorporation,
- a brief description of the business objectives,
- a bank reference letter,
- the shareholders’ passport copies,
- a list of trade names application form.
In certain cases, additional information or documents may be required. For a customized list of required documents, you may ask our company incorporation agents in Dubai.
Why open a company in Ras Al Khaimah?
Among the benefits RAK companies offer to foreign investors are:
- no corporate taxes,
- full foreign ownership is allowed,
- easy and quick incorporation procedure,
- a clear regulatory legal framework,
- access to all large airports and seaports in the UAE.
For company registration services in the Ras Al Khaimah Free Zone, please contact our agents in Dubai.