Ras-al-Khaimah Free zones

Though there are many free zones you could choose from the UAE, RAK free zone stands out due to its strategic location that gives business owners easy access to the far east nations like China, Pakistan, and India. The emirate’s state-of-the-art facilities, hassle-free set ups procedures and a prominent offshoring destination in the northern region of the UAE makes RAK Free Zone a top choice for foreign owners.

Main Benefits of RAK Free Zone

• No corporate or income taxes
• Hassle free and business friendly legal framework
• 100% foreign ownership
• Complete exemption from import export duties
• Easy business set up process
• Access to sea ports and RAK, Sharjah and Dubai airports
• No trade barriers

Types of business sectors in RAK Free Zone

• Industrial Sector
• Trade Sector
• Construction Sector
• Banking and Investment Sector
• Tourism Sector
• Agri/cultivation Sector
• Service Sector

Types of licenses available in RAK Free Zone

• Commercial License – can trade, import and export goods
• General Trading License – holders can perform industrial and manufacturing activities
• Industrial License – can do the same activities as a trading license but with products from the industrial sector only
• Consultancy/Service License – businesses offering services such as consultancies, law firms etc. This license is also suitable for artisans and craftsmen

What are the ways to set up a business in RAK Free Zone?

Choose a business activity

To start a business in UAE, you must choose the type of activity your business is going to run. Each activity has its own set of rules, benefits and paperwork that you will need to fill out later. The type of business activity you choose will also determine what type of license you can attain

Register a Trade Name?

The investor needs an initial approval before registering for a trade name.

Must Get Approvals from the Free Zone Authority

Once the trade name is set you must now submit all the required paperwork and documents and get approval from the government to obtain a business license.

Obtaining License

When the concerned authority has approved all your documents and permits, the investor can now fulfill all the legal requirements to attain a business license. Once this process is done, your license will be issued in 7 days. Licenses can be renewed yearly by submitting the audit reports.