STARTING A BUSINESS RAS AL KHAIMAH
The Ras Al Khaimah free zone, or RAK free zone, in short, is one of the most sought after investment jurisdictions in the UAE, and it grew into an exciting business hub. There are over 8,000 companies registered in this zone due to its low start-up and maintenance costs. It is a short trip away from Dubai, making it a sweet spot for foreign business ventures and with the RAK free zone company, it is made convenient for entrepreneurs willing to establish in the Emirates.
Benefits of company formation in Ras Al Khaimah
Investors are benefiting from this jurisdiction as follow: there are no corporate taxes, foreign investors have full ownership of their companies, incorporation is done efficiently, there is a clear regulatory framework to follow and investors have access to all the large airports in the UAE.
Business licenses in Ras Al Khaimah
Investors need to select the appropriate business license in order to start conduction services in Ras Al Khaimah. There are 4 types of licenses that can be obtained: a commercial license, a general trading license, an industrial license and a consultancy/services license.
These licenses are only valid for a year and may be renewed annually if auditing reports are submitted. Companies that are licensed by the authorities of the jurisdiction are required to appoint a local agent in order to supply any goods/services to the UAE market.
Documents needed for company formation in Ras Al Khaimah
The registration process in this jurisdiction is quite simple and efficient. Investors will need to provide the following documents: an application form, a certificate of incorporation, a description of business activities, a reference letter from the bank, copies of shareholders’ passports, and a list of trade names application form.
RAK Offshore Company
We also offer our services to incorporate your Ras Al Khaimah offshore company.