• free consultation
  • free consultation

Rak Freezone Business Setup

Ras Al Khaimah Free Trade Zone, established in the year 2000, is one of the cost effective Free Zones in UAE with the Emirate of Ras Al Khaimah offering infrastructural facilities at rates comparatively lower in UAE. RAKFTZ is a fast growing Free Zone being home to more than 5000 companies.

Main Benefits

  • 100% ownership.
  • No tax on corporate gains or personal incomes
  • 100% repatriation of capital and profits
  • Exemption from import and export duties

Established in the year 2000 RAK FREE TRADE ZONE become one of the leading free zones in the Middle East, building on its commitments to professionalism, integrity and service to the community of which it is a part. RAK Free Trade Zone have been able to consolidate its importance locally and internationally and have over 7,000 companies as its members across various fields and economic activities and a total of more than 2,000 companies registering in 2011 alone, an increase of 16% over 2010.

Advantages of setting up business in RAKFTZ

RAK Freezone Business Setup is popular among investors since the RAKFTZ provides various cost-effective options for business registration aimed to promote start-up, small and medium enterprises promising potential growth. The Free Zone also has the infrastructure to accommodate bigger enterprises, which includes standard offices and lands for development.

The investors setting up their business in RAKFTZ enjoy all the following incentives provided at UAE Free Zones

Tax Incentives

  • 100% corporate tax exemption
  • 100% import and export tax exemption
  • 100% personal income tax exemption

Investment Incentives

  • 100% foreign ownership
  • 100% repatriation of capital and profits
  • No customs duty
  • No currency restrictions

Business Licensing at Ras Al Khaimah Free Trade Zone

An individual or a corporate entity can set up and do business in RAKFTZ being registered in any of the following legal forms:

  • Free Zone Establishment (FZE) – entity with one shareholder
  • Free Zone Company (FZC) – entity with 2 to 5 shareholders
  • Branch of a Foreign Company
  • Branch of a Local Company

Setting Up Process at RAKFTZ

RAK Freezone Business Setup requires planning and decision making through different phases. This involves deciding the business activity, choosing a name and confirming it with RAKFTZ, choosing a legal structure for business, estimating required human workforce, type of office facility required etc. as per your business setup requirements. A company that is being formed may have either an individual as a shareholder or corporate as shareholder or both. The business setup process requires the shareholders to sign the documents in the presence of RAKFTZ representatives and a minimum capital requirement is needed to be shown in the bank account for getting the license issued by the free-zone. The minimum capital requirement will depend on the type of business activity.

Business License Types in RAK Free Trade Zone

RAK Free Trade Zone issues the following types of license options for business setup.

General Trading License: allows the companies to import, distribute and store all goods as per RAKFTZ rules and regulations.

Commercial Trade License: allows trading (activities related to import, export and distribution) of products specified in license subject to the regulations of RAKFTZ.

Service License: allows the registered entity to carry out specified services like lawyers, accounting firms and business consultants.

Industrial License: allows importing raw materials, carrying out the manufacture of specified products, process, assembling, packaging and exporting the finished product to any country.

Business Infrastructure in RAKFTZ

RAKFTZ Free Zone Facilities

  • Flexi Facilities
  • Standard Offices
  • Standard Office Plus
  • Warehouse
  • Temporary Warehouse
  • Lands for Lease
  • Shell and Core Facilities
  • Staff Accommodation

Ask Your Question

Ask Your Question

  • Fields marked * are mandatory

Ask Your Question

  • Fields marked * are mandatory

© 2018 Socprollect inc. All rights reserved