RAK Investment Authority is a sought-after free zone for companies belonging to real estate, manufacturing, mining, tourism, trade and commerce, construction, food processing, warehousing, and maritime services.
Ras Al Khaimah Situated in the northern end of UAE, Ras Al Khaimah (RAK) shares mountainous borders with the Sultanate of Oman, and is settled between the Arabian Gulf on the west, and Hajjar Mountains on the east. RAK is at a stone’s throw from Dubai, and is fast emerging as the preferred investment choice for global financiers. RAK is close to the far eastern nations:India, China, Iran, Pakistan and the Commonwealth of Independent States (CIS). Apart from the ease of access and hassle-free administrative procedures, Ras Al Khaimah as a prominent port and offshoring destinations in the northern Emirate.
Ras Al Khaimah witnesses an influx of a plethoraof foreign investors as it is one of the most developed economies in the Emirates. Liberal government policies, state-of-the-art infrastructural development, thriving economy and friendly trade relations with neighbouring countries are some of the many factors that attract major foreign investment in RAK. Setting up a business in RAK requires one to decide upon the location, type of business entity, licence, follow a set of legal procedures, and submit the corresponding documents. All this, coupled with the local traditional practices, make it sensible to opt for business setup services in RAK, if one wishes to open a company there.
The registration and issuance of business licenses to non-resident companies in Ras Al Khaimah is handled by the Free Zone Authorities and other licensing procedures are regulated by the individual Emirates and federal government.
There are 3 formats of business setup in RAK:
Understanding that investor requirements for offices, warehouses & land facilities are diverse, unique Free Zone Parks have been setup by the Ras Al Khaimah Free Trade Zone Authority. These free zones are setup at different locations across the Emirate of Ras Al Khaimah and include Technology Park, Business Park, Industrial Park, and Al Ghail Park. Each RAK free zone caters to the specific business interests and is fully equipped to meet the investors’ requirements.Major free zones for business setup in RAK are Ras Al Khaimah Free Trade Zone (RAK FTZ), RAK Investment Authority (RAKIA), and RAK Media Free Zone (RMFZ).
Mainland Company:Mainland companies are regulated by the UAE legal structure and government policies and are located within the limitation of commercialized geographical areas falling under the jurisdiction of the Emirates government. To establish a mainland company, an investor can choose one among Limited Liability Company (LLC), Representative Office, Public Shareholding Company, Branch of Foreign Company and Professional Firm
To set up a business in RAK, the following steps need to be carried out:
Get stamp on Visa from Immigration Department
Business Setup Worldwide is a one-stop-solution provider that helps businesses in not only setting up their operations in RAK, but also supports in necessary documentation and legal formalities. Wide domain experience and familiarity with the laws of Emirate help us to take care of passport, visa and licensing requirements of our clients, and ensure that their task is completed smoothly without unnecessary bureaucratic hassle.