Establishing a company in Ras Al Khaimah Free Zone

Ras Al Khaimah, thanks to its long history of trade and economic development, is an ideal destination for those wishing to establish their businesses. The free zone here features financial and customs facilities, as well as advanced infrastructure and strong government support that encourages innovation and economic growth. In this article, we will explore the importance of choosing the Ras Al Khaimah region to establish companies, and shed light on the services and opportunities that this region provides to investors and businessmen. We will also discuss the procedures necessary to establish a company in this distinguished investment environment. With the current economic challenges, establishing a company in the Ras Al Khaimah Free Zone represents a real opportunity for profit and growth, thanks to the full support provided by the local government and the modern infrastructure that supports all economic activities.

Establishing a company in Ras Al Khaimah Free Zone

To establish a company in Ras Al Khaimah Free Zone , several steps and procedures must be followed. Here are general steps to facilitate this process:

Choose the company type

You must first determine the type of company you wish to establish, such as a joint stock company or a limited liability company. This depends on the size of the business and the financial responsibility you are willing to take on.

You must also choose a unique name for the company and ensure that it complies with local regulations and laws in Ras Al Khaimah. The availability and registration of the name can be checked through the Federal Authority for Industrial Regulation and Licensing (RAK ICC).

Identify shareholders and officers

Shareholders and directors must be identified and their roles and responsibilities within the company defined. In addition, the main commercial activity that the company will practice in the Ras Al Khaimah Free Zone must be determined.

The incorporation application must also be submitted to the Ras Al Khaimah Free Zone Authority, and all necessary documents must be submitted, such as the registration form and the partners’ agreement (if the company is a joint stock company).

Obtaining the necessary licenses and permits

After approval of the establishment application, licenses and permits for the commercial activity must be obtained from the competent authorities in Ras Al Khaimah. A bank account must also be opened in the company’s name in one of the approved local banks in Ras Al Khaimah. After completing all previous steps, the company must be finally registered in the local commercial registry.

Registration with tax and customs authorities

The company must be registered with the local tax and customs authorities and its tax and customs status determined. Once the company is established, you can take advantage of the tax and customs facilities offered by RAK Free Zone to help the business grow.

Establishing a company in the Ras Al Khaimah Free Zone requires following precise procedures and submitting the required documents, and assistance can be obtained from legal consulting offices or the Itqan Consulting Company specialized in establishing companies to simplify this process and ensure compliance with local laws.

Benefits of establishing a company in the free zone in Ras Al Khaimah

Establishing a company in Ras Al Khaimah Free Zone offers many benefits that make it an attractive option for investors and businessmen. Here are some key benefits:

Complete freedom of ownership

In Ras Al Khaimah Free Zone, companies are allowed to be fully owned by foreigners, without the need for a local partner. This allows for complete control and management of the company as you see fit. Companies established in the Ras Al Khaimah Free Zone enjoy complete exemption from taxes on profits and income for a specified period, and this also includes corporate tax and capital tax.

Customs facilities

The free zone provides great facilities regarding customs, such as import and export without customs duties, which contributes to reducing production and trade costs. Ras Al Khaimah has an advanced infrastructure that supports all types of businesses, including logistics facilities, ports and airports, which facilitates transportation and distribution operations.

Facilitated establishment procedures

The process of establishing companies in the free zone is easy and fast, which reduces bureaucracy and facilitates the process of starting a business. The Ras Al Khaimah government provides strong support to startups and medium-sized companies through financing programmes, credit facilities and technical support, which helps companies grow quickly.

Easy access to the regional and global market

Thanks to its strategic location, companies in Ras Al Khaimah can easily access the markets of the Middle East, North Africa, and the Indian continent, increasing opportunities for trade and global expansion. In short, establishing a company in Ras Al Khaimah Free Zone provides an ideal investment environment that combines tax and customs incentives and advanced infrastructure, making it an attractive option for investors wishing to expand their business and achieve economic growth.

How can you establish a company in the free zone?

Establishing companies in the free zones in Dubai is much easier than establishing a company inside Dubai, as it can be 100% owned by any nationality, and the presence of a partner or sponsor who is a citizen of the UAE is not required, as the company is registered as a free zone establishment or it is a company belonging to The free zone or a branch or representative office in the free zone in Dubai. In this case, it is possible for the main company to be outside the Emirates, and it is not required to be inside the Emirates. The companies located within the free zone are regulated through the authority responsible for the free zone, which is the one that issues any licenses to the company. This depends on the location of the free zone and the activity it carries out. The type of license issued by the responsible authority varies according to the commercial activity. A company can be established in the free zone by following some steps, including:

• Choose the company’s location
• Agreeing on the trade name, as it is the name that distinguishes one company from another.
• Obtaining the company’s business license.
• Obtaining initial approval to start work.
• Commercial license registration.
• Complete the requirements for a commercial license and obtain it.

Conditions for establishing a company in the free zone

To establish a company in Ras Al Khaimah Free Zone , there are some basic conditions that must be met. These conditions vary based on the type of company and business activity, but here is a summary of the general conditions:

1. The type of company, such as joint-stock company or limited liability company, must be determined according to local laws and free zone requirements.
2. There may be certain requirements for the number of shareholders or partners in a company, and these requirements can vary based on the type of company.
3. The basic capital of the company must be determined, which depends on the type of activity and the expected size of the business.
4. A unique name for the company must be chosen, its availability and compliance with local standards must be verified, and this name must be officially registered.
5. A set of legal documents must be submitted, such as partner contracts (if the company is a joint venture), registration form, incorporation deeds, and other required documents.
6. The company’s main business activity must be determined and the necessary licenses and permits must be obtained from local authorities.
7. After the incorporation application is approved, the company must be registered in the local commercial registry and its legal identity determined.
8. The company must comply with all local laws and legislation related to business and investment.
9. An official headquarters address must be provided for the company in Ras Al Khaimah Free Zone, and temporary offices or postal services may be used on occasion.
10. The company must comply with all local customs and tax requirements, register with tax authorities and file tax returns regularly.

These terms are general and their details may change depending on the type of company and local laws applicable in Ras Al Khaimah Free Zone. Therefore, it is important to consult Itqan Company experts to obtain accurate information and guidance on company establishment procedures

Benefits of establishing a company in the free zone in Ras Al Khaimah

Establishing a company in the free zone

The UAE is distinguished by the fact that it has more than 40 free zones in addition to some areas that are being established. Therefore, establishing a company in a free zone is one of the difficult matters facing the investor, as it is difficult to choose between many areas. Therefore, Kaber Company, through its great experience in business management, undertakes By helping many investors choose the appropriate free zone for their commercial activity, it also helps in establishing and establishing a company in the free zone in the shortest time and at the lowest costs.

At the conclusion of this article, it can be said that establishing a company in the Ras Al Khaimah Free Zone represents a strategic step with great advantages for investors and businessmen. This region is characterized by a favorable investment environment, as it offers attractive tax and customs incentives, in addition to advanced infrastructure and strong government support. These factors help promote economic growth and provide business opportunities, making it a preferred destination for new and expanding businesses alike.

Frequently asked questions about establishing a company in the free zone