Ras Al Khaimah (RAK) is recognized as one of the seven emirates in the United Arab Emirates. It boasts a thriving industrial sector and a rapidly growing tourism industry. The emirate is rich in history, home to numerous tourist attractions, and features the most fertile agricultural land among all the emirates.
With a series of large-scale development initiatives, Ras Al Khaimah has a clear vision for the future. It is aiming for continuous growth and high-quality infrastructure. As part of this progress, the emirate hosts the Ras Al Khaimah Economic Free Zone (RAKEZ), a prominent hub for business and investment. The process of RAK Free Zone company formation is streamlined, offering entrepreneurs and investors a strategic location, cost-effective business solutions, and a supportive regulatory framework.
As Ras Al Khaimah continues to develop, it remains an attractive destination for businesses, industries, and tourism, reinforcing its position as a key player in the UAE’s economic landscape.
Benefits of Company Formation in Ras Al Khaimah
Some of the primary advantages of business setup in the RAK Free Zone:
100% Foreign Ownership
Tax Benefits
No Currency Restrictions
Simple Company Formation
Tactical Location
Different Structures for RAKEZ Company Setup
The following are the structures you can choose from for your company formation in RAKEZ:
Different Licenses Available in RAKEZ
These are the types of business licenses available in RAKEZ:
Commercial License
Industrial License
General Trading License
Professional License
Media License
Educational License
E-commerce License
Freelance License
Dual License
Character Traits of RAK Free Zone Company Registration
Some of the characteristics of the RAK Free Zone company setup are:
Characteristic | Trait |
Company Type | Free Zone Limited Liability Company |
Governing Body | Ras Al Kaimah Economic Zone, Government of Ras Al Kaimah |
Minimum Number of Shareholders | One |
Minimum Number of Managers | One |
Accounting and Bookkeeping Requirements | No |
Renewal Date | Annual date of incorporation |
Steps for Ras Al Khaimah Free Zone Company Setup
For your RAKEZ company formation, follow these steps:
From a never-ending range of activities, you can choose the right one for your business. After you select an activity that your business will be engaging in, you can move forward. As you already know, you can setup your company with an easy and streamlined process. That being said, with proper assistance from a business consultancy like BSW, you can seamlessly complete the process of company formation in RAKEZ.
It's time to select a name for your business. It's best to choose several different names, as two companies can't share an identical name. Make sure that the name you pick follows the RAKEZ rules.
Fill out the application form and send the required enrollment documents to the relevant officials. Make sure to fill out all necessary forms correctly. Having the proper documents will help prevent delays when setting up your company in the RAK Free Zone.
After you finish setting up your company in RAKEZ you need to apply for a business license. Send the necessary papers to the appropriate bureaus to get your business license. You will have to provide these documents:
- Passport copy
- Entry stamp or visa copy
- Three name suggestions for the company
- Passport-sized photograph
Once you obtain your license and finalize your company registration in Ras Al Khaimah, you will need to establish a corporate account. This account will assist you in carrying out everyday business transactions for your company.
Documents Required for Business Setup in RAK Free Zone
You'll be required to provide the following documents for RAK Free Zone firm registration:
For Individual Shareholders
- Passport copies
- Visa copy or entry stamp
- Passport-size photo
- Business Plan
- No Objection Certificate (NOC)
- Completed application form
For Corporate Shareholders
- Notarized and attested copy of the parent company’s Trade License Copy
- Notarized and attested copy of the Memorandum and Articles of Association
- Board Resolution
- Notarized and attested copy of the Certificate of Incorporation
- Notarized and attested copy of the Power of Attorney
- Passport copy of authorized signatory
For Branch of an Existing Foreign or UAE Company
- Copy of the parent company’s Trade License
- Memorandum and Articles of Association
- Board Resolution
- Certificate of Incorporation
- Power of Attorney
- Passport copies of directors and managers
- UAE residence visa or entry stamp (if applicable)
Consult an Expert Now
Areas We Serve in RAK Free Zone
Our team can help you setup your business in:
Media
E-Commerce
Consultancy
Tourism
Why Choose BSW?
Business Setup Worldwide (BSW) has transformed the face of over 7000 businesses within a period of 8 years. Our unparalleled expertise in company formation, taxes, accounting, and IP protections speaks for itself. Contact us today for a free consultation!
7000 +
Companies Incorporated
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Years in the Market
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Client Testimonials
Setting up my business in RAKEZ was incredibly smooth and efficient. The BSW team was friendly, and the entire process was completed much faster than I anticipated. I was particularly impressed by the team's responsiveness. They were always available to answer my questions and provide guidance. Thanks to BSW, I was able to focus on launching my business without any unnecessary delays or complications.
Miriam Macias
As a foreign investor, I was looking for a jurisdiction that offered 100% ownership and a tax-friendly environment. RAKEZ ticked all the boxes. The 0% corporate tax and no currency restrictions were significant attractions. With BSW, I expanded my business reach in this amazing location. I highly recommend BSW to any entrepreneur seeking a hassle-free and profitable business setup.
Raymond Liu
Frequently Asked Questions
The process for the RAK free zone company setup is as follows:
- Select a business activity
- Choose a business entity
- Find a suitable location
- Finalize a trading name
- Obtain a license and visa service
- Open a bank account
The following are the different free zones in RAK:
- Ras Al Khaimah Economic Free Zone
- Ras Al Khaimah Media City Free Zone
- Ras Al Khaimah Free Trade Zone
- Ras Al Khaimah Maritime City
You require 2 to 5 shareholders to set up a limited liability company in RAKEZ.
The main benefits of setting up a business in the RAK Free Zone are:
- 100% ownership
- Tax benefits
- Ease of setup
- Strategic Location
The following are the different types of licenses in RAKEZ:
- Commercial License
- General Trading License
- Service License
- Industrial License
- E-commerce License
- Media License
Terms and Conditions
*Duration is subject to the constraints of the due diligence procedure.
**This would refer to the corporate tax of the company, wherein the operation of the company would take place outside the country of incorporation.
***The required documents must be provided for every individual related to the company.
Disclaimer: The content on this website should not be taken as a contractual commitment or a warranty. Our services conditions are subject to BSW terms and conditions.
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