Strategically situated close to the Strait of Hormuz, RAK Maritime City free zone provides excellent maritime access with an international seaport infrastructure and business-specific zones.
It is one of the newest and most advanced marine-free zones in the United Arab Emirates. For companies looking for flexible and affordable business options, this free zone offers the best international port infrastructure and a range of commercial incentives.
An Overview of the Facilities in RAK Maritime City Free Zone
A free zone and an international port are also functions of RAK Maritime City. It offers businesses a secure, affordable option with top-notch customer support.
Modern industrial and marine facilities, adequate infrastructure for logistics and industry, and first-rate amenities attract investors worldwide.
For businesses including retail, storage, general freight handling, industrial production and manufacture, and shipbuilding and repair, the RAK Maritime City is organized into plots.
Benefits of RAK Maritime City Companies
Below are the benefits one should consider before starting a business in RAK maritime city.
- Complete foreign ownership
- 100% tax exemption
- No custom duties for import-export exchange
- Cutting-edge harbor infrastructure
- Easy access to global markets
- Transparent business rules and regulations
- Access to the skilled labour market
- Innovative support services for RAK MC authority
Business Entities in RAK Maritime City Free Zone
There are different types of business entities in the UAE. In RAK Maritime City, a company can be registered as one of the following entities:
- Free Zone Sole Establishment
- Free Zone Company
- Branch of a Local (UAE-based) Company
- Branch of a Foreign Company
The Process of RAK Maritime City Company Formation
To open a company in RAK Maritime City free zone, the following steps are to be taken accordingly:
Choose the Type of Business Activity
Choosing a business activity is a crucial part of beginning a business. Before seeking company registration, an investor or entrepreneur must select a relevant business activity before seeking company registration in RAK maritime city free zone authority. Each activity has its own set of permitted requirements and expenditures according to its nature.
Finalize the Trade Name
Make sure the name you choose for your business does not clash with the name of another legal entity. Also, consider any limitations you might be violating while looking for a name.
Additionally, refrain from using any offensive or religious terminology.
Obtain a Business License
The following step is to apply for a license. Submit all the required documents mentioned below to the governed authority.
Apply for a Visa
after getting the appropriate business license, the next thing is to consider applying for a visa. While obtaining a visa, there are several procedures to follow.
Meanwhile, consulting a business firm would be advisable.
Rent an Office
Renting office space might be helpful if you are interested in business or other activities. Additionally, renting or leasing office space costs less than on the UAE mainland.
Further, based on your company's needs, our business experts may help you rent a warehouse or commercial space.
Open a Bank Account
The final and most important consideration is to open a bank account. Unfortunately, in every situation, opening a bank account is more complicated. Therefore, it would be preferable to contact our company specialists to make the procedure more straightforward and accessible.
Required Documents for Company Setup in RAK Maritime City Free Zone
Below are the documents needed to establish a business in the RAKMC
- Application form of license and company incorporation
- Registration certificate
- A brief description of the company/project
- Copy of the passport of both owner and the manager
- Bank statement demonstrating that you have the necessary funds for the firm
However, if you are still interested in forming a company after considering the above factors, you can do it without hesitation. Knowing about the company formation in the UAE would be helpful if you wish to start a business in any free zones.
How Can We Help?
Our goal at Business Setup Worldwide is to simplify your work. If you require professional business advice, we can assist you. 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.
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What are the prerequisites for forming a business in RAK Maritime City?
Companies wishing to begin activities in RAK Maritime City must,
Register as a legal entity at RAKMC
Obtain a valid permit to undertake different activities
Sign a leasing agreement with the RAK Maritime City
Who issues a license in the RAK Maritime City?
The respective free zone authority issues a license in the RAK maritime city.
When did RAK maritime city establish?
RAK maritime city was established in 2009.
What are the other free zones in RAK?
The other free zones in RAK are
Ras Al Khaimah Economic Zone
Ras Al Khaimah Media City Free Zone
Ras Al Khaimah Free Trade Zone
Ras Al Khaimah Maritime City