The Process to Setup a Company in RAK is:
An annual commercial license to set up a business in Ras Al Khaimah costs AED 3,650. The annual fee of an industrial license is AED 5,000. The annual fee of a services/consultancy license is AED 7,500. RAK General Trading License costs AED 15,000 annually.
Here are some of the major benefits of setting up an RAK Free Zone Company:
Major industries like real estate, tourism, building materials, financial and insurance services, and e-commerce are among those in which Ras Al Khaimah offers business opportunities.
In the United Arab Emirates, a valid business license is necessary for establishing a company and doing any type of business. In the same manner, obtaining an emirate business license is a prerequisite for establishing a company in Ras Al Khaimah.
With the new formation structure, foreign companies can own 100% of their businesses in Ras Al Khaimah's mainland. This allows foreign investors to invest in a variety of developing industries, including the industrial, agricultural, and service sectors, and to own and control all shares of businesses that are not in free zones.
No, in order to register a company in RAK, a resident director or shareholder is not required.
Yes. An LLC can be established in Ras al Khaimah without a local sponsor.
RAK is known for having competitive startup and running costs and for being a business-friendly place to invest.
Yes, foreign investors can establish a property company in Ras Al Khaimah, one of the seven emirates in the UAE.
Yes, foreign investors can establish a property company in Ras Al Khaimah, one of the seven emirates in the UAE.
The Ras Al Khaimah Free Trade Zone is a good alternative for business in Dubai because you are required to pay taxes in the Free Trade Zone.
