Any UAE-based business wanting to grow around the Middle East has a very sure, but most importantly cost-efficient strategic point: the Ras Al Khaimah Free Trade Zone. Currently, it is the very core centre for so many entrepreneurs, startups, and international companies, with the UAE company formation process being more lenient while compared to the other free trade areas.
Business Activities
RAK Free Trade Zone allows various types of business practices, including:
- Trade: importing, exporting, and re-exporting goods
- Commercial: general trading, e-commerce, and retail
- Consultancy: for management, marketing, and IT consultancy
- Manufacturing: includes manufacturing, assembling, and packaging
- Services: logistics, tourism, and hospitality
- Financial: banking, insurance, and other financial services
- Media: publishing, advertising, and media production
- Education: training, education, and research
- Healthcare: medical services, healthcare management, and pharmaceuticals
Advantages of Setting Up Business in RAK Free Trade Zone
- 100% foreign ownership
- Corporate taxes are not imposed
- The absence of personal income taxes
- There are no customs duties
- The company registration process guarantees transparency and overrules the local presence requirement
- Unlimited access to any number of foreign trading partners and contacts
- Corporate formation is simplified
- Advanced infrastructure
The UAE Company Registration Process
Company registration in the RAK Free Trade Zone is an incredibly simple process and only involves a few small steps:
- Decide on Business Activity: Select from the allowed activities listed above
- Decide on a company name: Ensure the name complies with the naming guidelines for the UAE
- Complete an application for initial approval: This document will be submitted to the RAK Free Trade Zone Authority
- Sign and notarize the incorporation documents
- Apply for a business License: Once a business license is issued, the company is officially registered to operate within the RAK Free Trade Zone.
The strategic location of the UAE, fast-emerging business opportunities, and easy access to a market that covers three billion people from around the world add to the attractiveness of RAK Free Trade Zone to anyone who wishes to boom in the heart of the Middle East. Indeed, gathering a business license in the UAE is much of an ease, and the RAK Free Trade Zone is sure to attract anyone aspiring to boom in the heart of the Middle East.
Business activity allowed in Ras Al Khaimah UAE Free Trade Zone
Moreover, If you want any other guidance relating to business setup in Dubai, please feel free to talk to our business advisors at 8881-069-069.
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