Ras Al Khaimah Media City Free Zone

However, before you start setting up your company, let us take a look at the numerous benefits of starting a company in the Ras Al Khaimah Media Free Zone. 

Benefits of Business Setup in RAK Media City Free Zone

RAK Media City is the ideal destination for media-oriented companies like television channels, animation studios, visual effects workstations, etc. Some of the benefits of setting up a company in the RAK Media Free Zone are:

• There is no restriction on the repatriation of capital or profits
• Companies are exempted from import and export duties
• There is a provision of 100% foreign ownership
• Speedy immigration process

Licenses Available in RAK Media City Free Zone

The business activity you can legally perform in this free zone depends on the business license you apply for and obtain. Here are the different types of licenses available in RAK Media City Free Zone are:

• Commercial License
• Service License
• Freelancer License
• Media License
• E-commerce License
• Dual License

For more details about the licenses available in the free zone, contact our business consultants.

Steps for setting up a company in RAK Media City Free Zone

• Select a Business Activity to Perform

Select a commercial activity you want to carry out and apply for the corresponding license.

• Choose an Appropriate Name and Business Structure 

Pick a trading name that stands apart from any of the existing RAK businesses and a business structure that suits the nature of your organization.

• Obtain the Business License

A Certificate of Registration and a Business License will be issued to you following the assessment and approval of your application.

• Pay the Required Fees

Deposit the required fees for obtaining the required license in the ras al khaimah media free zone.

Documents Required for Company Formation in RAK Media City Free Zone

Here are the documents required to open a company in RAK Media City:

• Proof of trade name reservation
• Proof of initial approval for business activities
• Passport copies of the shareholder's
• Passport copy and CV of the manager
• Personal information sheet for each shareholder & manager
• Lease agreement [possessing a physical address for one’s office is mandatory in the UAE
• Third-party/authority approval for activities, where applicable

You may also need to obtain a relevant license to conduct the business activity.

How can BSW Help your Business?

Business Setup Worldwide is your one-stop shop for all your business setup needs. We will provide you with all the necessary assistance regarding company formation in RAK. Thanks to our vast experience and deep knowledge of the emirate legislation, we can provide you with the best services at affordable prices. To know more about the company set up in RAK Media City, contact our consultants.