RAK Free Zone Company Formation

Ras Al Khaimah Free Trade Zone (RAK FTZ) is one of the best emerging free zones in the Emirates which houses over 8000 companies across 50 industry sectors. Strategic location, excellent connectivity with the emerging markets, cost-effective entrepreneurial environment, ease of trans-shipment, and lucrative tax incentives are some of the reasons which make RAK free trade zones an ideal destination for company setup.

Maven business consultancy has vast experience in availing business licenses for foreign investors, non-residents, and foreign companies from the RAK investment authority and helping them with hassle-free business setup in Ras Al Khaimah.

Type of Companies That Can be Registered in RAK Free Zones

Companies which are keen on RAK free zone business setup can get registered in any of the RAK free zones as either a new establishment or a branch office. RAK free zone authority permits following types of legal entities to set up business in RAK FTZ:

New Establishment:

• RAK Free Zone Establishment: sole business owner owned new business entity
• RAK Free Zone Company: new entity owned by 2 to 5 business partners

Branch Office

It mandates that the parent company or the subsidiary company should be in existence for more than a year.

• RAK FTZ Local Branch: branch of a domestic firm residing in UAE
• RAK FTZ Foreign Branch: branch of a foreign firm residing outside UAE

Business Licenses Required for RAK Free Zone Company Setup

RAK free zone company formation requires companies to avail any of the following trade licenses:

• RAK FTZ Consulting & Service License – This RAK free zone license allows one to perform activities like freight forwarding, marketing, consulting, industrial development, accounting, social welfare, insurance, opening food outlets or catering, providing logistical support, etc.
• RAK FTZ Commercial License – This license allows companies to perform activities like goods or product consolidation, storage or warehousing, import, export, and distribution.
• RAK FTZ Industrial License – After getting the clearance from RAK FTZ Feasibility and environmental impact studies, this license allows companies to import & process raw materials, manufacture, assemble, package, and export finished products.

Free Zones in RAK

Ras Al Khaimah Free Trade Zone is one of the fastest growing and cost-effective free zones in RAK. RAK free zones are the world-class trading hubs which provide state-of-the-art infrastructure facilities like land, warehouses, and office space to meet diverse investor requirements of small medium and large businesses.

At Maven, we can help you form your company in any of the following free zones:

• Ras Al Khaimah Business Park, located in the heart of RAK’s business district, offers fully-functional and furnished offices as well as shared offices & desks at cost-effective rates.
• RAK Media Free Zone (RMFZ) is the home for media establishments and studios for audio-visual productions, animation studios, computer graphics houses, and television channels to name a few.
• Ras Al Khaimah Industrial Park (RAK FTZ Industrial park), is specially set up for heavy industries and warehouses, and has the provision for on-site employee accommodation, administrative support, & service centers.
• Ras Al Khaimah Technology Park, located in the city center is dedicated to automated manufacturing, capital-intensive lifestyle projects, and light industries.
• Ras Al Khaimah Academic Zone houses educational organizations

Why Opt for RAK Free Zone Company Formation?

Offering least rates as compared to any other emirate, Ras Al Khaimah is a cherished company formation destination for companies trying a gain a foothold in the UAE. RAK free zone company setup offers unmatched incentives to investors, like:

• 100% foreign ownership and repatriation of capital and profits
• Advanced communication facilities
• Cost-effective business setup
• Exemption from import and export duties
• Fast-track immigration process
• Flexible and transparent business laws
• Flexible working hours
• Low cost of land and living
• No restrictions on currency or recruiting labour
• Simple staffing and recruitment procedures
• Simplified company incorporation process

Contact Maven for RAK FTZ Company Setup, Registration, & Incorporation

Though company formation process in RAK is streamlined and hassle-free, there are certain aspects that need professional guidance. Maven business consultancy is a one-stop solution provider offering corporate company formation solutions to individuals and companies in the RAK free zones.

We take care of all legal and business setup formalities including banking, licensing, registration, etc., allowing you to just relish the entire experience without any hassles. For more information about company formation, registration, and incorporation in Ras Al Khaimah or any other UAE Free zone contact us at 00971 55 679 1998 or email us at info@mavenconsults.com.