Founded in 2000, the RAK free zone is a less expensive, quickly expanding free trade area. More than 12,000 businesses operating in nearly 50 different economic areas and representing 100 different nations consider the RAK Free Zone home. RAK free zones guarantee convenient access to the main logistics hubs and provide a one-stop shop for all government services.
Ras Al Khaimah (RAK) is in the northernmost region of the United Arab Emirates, which is the most ideal place to establish a business. The emirate has a history of economic stability and safety. Numerous logistics hubs, including seaports, airports, and multilane highways that provide convenient access between the east and west, are located inside the emirate.
Why Set Up Business in the RAK Free Zone?
One of the top commercial investment hubs in the United Arab Emirates, RAK Freezone provides enterprises with specialized solutions. Anyone can launch a business, including freelancers and startups. RAK provides a global community for your business to thrive.
- 100% accountability
- Updated infrastructure
- No taxes on products and services
- Customer portal for prompt service
- Simple procedure for incorporating a firm
- Complementary legal systems and business legislation
- Market accessibility throughout the MENA and Asian areas
- Single point of contact for services provided by the government
RAK Free Zone Business Licence
RAK free zone offers the following business licences, such as – licenses for general trading, education, commerce, e-commerce, media, services, and freelance work are all available in the RAK free zone. Business owners should choose a license based on the type and scale of their enterprise. You can talk to AIMS UAE – the best company formation consultant in the UAE if you need help choosing the license.
That’s not all. But if you don’t want to commit to office space, the RAK economic zone offers flexi-desk choices as well as packages for freelancers. Both large and small firms often pay a minimal license charge.
RAK Free Zone Company Establishment Process
- Choose a Business Activity
Completing your business operations is the first stage in setting up your company in the RAK free zone. One of the first steps to establishing your company formation is figuring out what you want your organization to do.
- Select a Name for the Business
Since your clients will use the name to identify your company going forward, it’s critical to choose an appropriate name. One further thing to think about is if the name you have in mind is available. What does your name imply, exactly? Does it disparage or discredit a certain group in society? Because of this, depending on your license type and the activities you intend to do within the free zone, the total number of documents required by each free zone may be more or less. Remember that if you want to retain the name as the owner or shareholder, the entire name must appear on the licence, legal abbreviations or initials are not allowed.
- Submit Your Application Draft
Now you need to fill out and submit your official application to the free zone authority of your choice. Among the other things you need to bring along with your license application are the following documents:
- Copies of the shareholders’ visa, if any
- An investor’s passport-sized photo (soft copy)
- Copies of the passports belonging to the shareholders
It makes sense that the RAK Free Zone would have particular standards that are different from others. Because of this, depending on your license type and the activities you intend to do within the free zone, the total number of documents required by each free zone may be more or less.
If all the necessary paperwork is submitted with your application, you should receive your license rather quickly. Following this, you can effectively launch your business, apply for visas, and open a corporate bank account.
Frequently Asked Question
RAK Free Zone provides advanced infrastructure, including office spaces, warehouses, and industrial units, along with business support services such as legal, administrative, and banking assistance.
The timeline for business setup in the RAK Free Zone typically ranges from a few days to a few weeks, depending on factors such as business type, documentation completion, and regulatory approvals.
Yes, investors and employees of companies in the RAK Free Zone are eligible to apply for residency visas, facilitating their stay in the UAE.
