Ras Al Khaimah Free Zone Company Setup

Ras Al Khaimah Economic Zone (RAKEZ) situated at the prime location in the emirate offers great growth potential to business entities. This has become the motivating factor for ex-pats and residents to establish a business here. The influx of business enthusiasts continues, making it one of the emerging business destinations in the country. 

RAKEZ has a plethora of options and supportive policies for setting up a fruitful business. The expatriates can hold 100% ownership in the company. It has one of the best warehousing facilities in the country. Moreover, the warehouse can be custom-tailored based on the requirement of the company. You can choose from accommodations for labourers and employees or decide to build one of your own. The authorities have made sure that the businesses will not encounter any kind of problem, whatsoever, during RAK Free Zone Company Formation. 

The other favourable aspect is that a physical office is not compulsory for starting the business. You can opt for a Flexi-desk or smart office. Thus, the additional expense can be avoided during the initial process. An office could be set up subsequently, solely on your decision. Four types of companies are permissible in the region, i.e. Free Zone Company (FZC), Free Zone Establishment (FZE), a branch office of a foreign entity, or a branch office of a resident company. 

Determine the type of license based on the business activity you plan to undertake. The licenses available are Consultancy or Service license, Commercial License, Industrial License and Educational License. Kiltons has been successful to assist immigrants and residents in setting up companies in Free Zone, Mainland Company Formation in RAK, and Offshore Company Formation in RAK. Kiltons can assist in pursuing the way ahead in determining the business activity that will render the best result.

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FAQ's

Frequently Asked Questions on Ras Al Khaimah Free Zone Company Setup

  • I am planning a business set up in the RAK Free Zone. Can I do retail trading inside the Free Zone?
    • No, you are not authorized to do retail trading in the Free Zone regime. You can only do marketing of the products, inside the Free Zone, to attract customers. 

  • How can a business firm in RAKEZ make payments to the authority?
    • There are three channels for remitting the payments. You can opt for one as convenient for you. (i) Transfer the money using bank transfer, (ii) Top up through the online portal, (iii) Pay directly at the RAKEZ business service counters
  • What is subleasing? Is it permissible in the RAK Free Zone?
    • Subleasing is the process of leasing a part of the already leased property to another company. You can sublease a portion of your commercial or business space to another company after obtaining approval in advance from the RAKEZ authority.
  • How can I get my license renewal quotation?
    • The license renewal quotation will be emailed to you two months in advance (60 days). You may also seek the same from the RAKEZ customer care if you want (within 60 days of license renewal date only). The late fee for renewal of the license in AED 50 per day.
  • What if I fail to submit an audit report in time?
    • A fine of AED 2500 will be levied on your firm in case the audit report, prepared by an authorized auditor, is not submitted on time. This may also lead to additional punitive measures, including suspension of service.

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Benefits of Business Setup in RAK Free Zone  

Ras Al Khaimah Free Zone has been extending optimal support to business firms for two decades. The number of businesses operating in this jurisdiction has been increasing incessantly ever since the establishment.   

Let’s have a look at the benefits offered by RAK Free Zone that have been instrumental in generating interest among business firms, to start a business here.      

- Zero Corporate and Personal tax 

- 100% repatriation of capital and profit gains

- 100% ownership of the company to the expatriates

- Very less red-tapism, and helpful policies for quick establishment of business

- Customized warehousing facilities

- Options to use readily built labour and staff accommodations. Or to build one as per your choice

- You can form a company in the comparatively lesser budget in RAKEZ 

Consult our experienced professionals to know about the process of RAK Free Zone Company Formation. We can set up a business in the jurisdiction of your choice quickly at reasonable costs.    

Ras Al Khaimah Free Zone Company Setup Requirements and Procedure 

The process and procedure for RAK Free Zone Company Formation will differ slightly from the type of business activity you plan to pursue, the license required and so on.  The process and procedure for Ras Al Khaimah free zone Business setup are : 

- Determine the business activity

- Confirm the type of license required for commencing the business operation

- Register the trade name for your business (follow the guidelines regarding the trade name)

- Finalize space rental/ lease agreement and register

- Prepare the legal form of the business and notarize it

- Additional approvals from departments, if required 

Documents Required for Ras Al Khaimah Free Zone Company Setup 

The documents necessary to process RAK free zone business setup are appended below: 

- Proof of trade name registration and approval

- Notarized Memorandum of Association (MOA) and Article of Association (AOA) 

- Approval from relevant departments, as necessary

- Attested official/ commercial space lease or rent agreement

- Passport copies of shareholders

- Passport copy of the manager of your firm

- Personal details of shareholders, manager and other important personnel in your organization

- Attested and notarized board resolution

- Additional documents, as sought by the authority 

Ras Al Khaimah Free Zone Company Setup Cost  

The fee and charges for some of the business licenses in RAK Free Zone are tabulated below. However, it may be noted that the charges may be amended from time to time. Additional charges may be included, on authority’s discretion. You may contact us to know the charges, and total Ras Al Khaimah Free Zone Company Setup Cost for your opted company set up. 


Service Required (All charges in AED)

Charges (for reference purpose only, may change in due course)

Initial Approval

250.00

Formulation of AOA and MOA

2500.00

Addl. Fee

20.00

 

Minimum Fee for Various Types of Licenses and Permits

Freelance Permit

6100.00

Professional License (Package)

16830.00

Commercial License

14300.00

Educational Service License

17300.00

Service License

17800.00

General Trading License

32000.00 (+)

Media License Package

24000.00 (+)

Additional Charges

E – Channel Registration Charge

2200.00

E – Channel Refundable Deposit

5050.00


*Talk to our representative for updated fee details and charges for other services. 

Kiltons RAK Free Zone Business Setup Services 

We have been the top business set up services providing comprehensive services to business entities across the UAE. Established in 1999, we remain the most-opted business setup services for more than two decades. 

Our clients have lauded the customer-friendly and cost-effective service packages and trustworthy attitude. We endeavour to extend the best possible support to our esteemed clients, at a reasonable cost. The professional team at Kiltons Business setup services will go the extra mile only for the benefit of our patrons.  

Are you thinking of RAK free zone business setup? Contact us now and gain the best RAK free zone business setup services.

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Call +971 522 407 111