Ras Al Khaimah Maritime City
The establishment of the Ras Al Khaimah (RAK) Maritime Free Zone coincided with a surge in the maritime industry across the region. The free zone started business operations in 2009. The project covers 8 million square meters. The easily accessible coastland and harbour are appropriate for industrial, commercial, and general trading businesses.
RAK company formation is a very seamless process as the free zone provides numerous facilities to the companies. This is the reason the free zone comprises more than 1600 companies. For companies looking for flexible and affordable business options, this free zone offers the best international port infrastructure and a range of commercial incentives which will ensure the growth of the business.
The Benefits of RAK Company Setup in Maritime Free Zone
- Low tax regime
- Easy access to the global market
- 100% foreign company ownership
- Access to the skilled labour market
- No custom duties for import and export
- The simple company incorporation process
- Transparent and customized business regulations
Approved Business Activities in RAK Maritime City Free Zone
- Retail business Activities
- Tank storage
- Warehousing
- Shipbuilding or repairs
- General cargo handling
- Industrial production and manufacturing
Facilities Available for Company Formation in RAK Maritime City Free Zone
- Storage facilities
- Marine facilities
- Commercial offices
- Warehousing facilities
- Accommodation facilities
- Industrial production and manufacturing facilities
Licenses for RAK Company Registration in Maritime City Free Zone
There are 3 main types of business licenses in the RAK Maritime free zone, which are as follows:
- Commercial License - This license permits the holder to conduct activities which are mentioned on the license, like import-export, selling, distributing and storing items.
- Industrial License—This license allows the holder to import raw materials, manufacture processes, and assemble specified products.
- General Trading License—A general trading license falls under commercial license activities, which includes a variety of commercial business activities.
The Process of RAK Company Formation in Maritime City Free Zone
Here is a step-by-step process for Ras Al Khaimah company formation in any of the free zones:
- Finalize the Business Activity: RAK Maritime offers numerous business activities for entrepreneurs and business investors. Each activity has its own set of requirements and expenditures according to its nature.
- Determine the Trade Name: Make sure you follow all the legal regulations for the selection of your trade name selection. Avoid using offensive or religious terminology in your name.
- Obtain a Business License: A business license is a must to operate a business in the RAK. Submit all the required documents to get the business license.
- Apply for a Visa: Once a business license is obtained, it’s time to apply for a visa. There are different types of visas: Work Visas and Employment Visas. It’s advisable to contact a business consultancy to avail their assistance for getting a visa.
- Rent an Office Space: Renting office space might be helpful if you are interested in business or other activities. Rent a warehouse or commercial space based on your company's needs.
Required Documents for Company Setup in RAK Maritime City Free Zone
- Registration certificate
- A brief description of the company/project
- Copy of the passport of both the owner and the manager
- Application form of license and company incorporation
- Bank statement demonstrating that you have the necessary funds for the firm
Our Role
Business Setup Worldwide is a renowned business setup consultant that has assisted thousands of entrepreneurs and business investors for more than 14 years. Our goal is to provide you with adequate services for company formation. To ensure the success and efficiency of the entire approach, we would also appreciate it if you contact us for additional information and to accomplish your objectives.
