RAK Free Trade Zone (Ras al Khaimah Free Trade Zone, RAK FTZ)

Worldwide Incorporation Services specializes in registration of FZE and FZC in RAK Free Trade Zone, establishment of branches of local and foreign entities, opening bank accounts and visa processing services.

RAK Free Trade Zone

 

General Information about the Ras al Khaimah Free Trade Zone

The Ras al Khaimah Free Trade Zone is a special economic zone found within Ras Al Khaimah (RAK). RAK is one of the seven emirates in the United Arab Emirates (UAE). Founded in 2000, RAK Free Trade Zone was created to provide a hustle-free environment for international businesses looking for a foreign base within the UAE.

The Ras al Khaimah Free Trade Zone was created to offer a more convenient alternative to emirates like Dubai and Abu Dhabi. As such, it contains world-class business environment like Dubai, but without the regulatory restrictions.

From the moment it was created, the RAK Free Trade Zone was an instant hit with international businesses. It now has over 8,600 companies from over 100 countries operating within the free zone. These companies represent more than 50 industry sectors.

The reason for the RAK’s popularity arises from its distinct features. The free zone is set up to provide the most conducive business environment possible. At the core of this are four free zones. These are known as the RAK Free Trade Zone Parks.

Welcomed business activities

All business activities are welcomed by RAK FTZ.

Advantages of the RAK Free Trade Zone

Thanks to its distinct features, the RAK Free Trade Zone offers distinct advantages to businesses. Here are the major benefits of setting up companies within RAK Free Trade Zone.

  • No Taxes

    Ras Al Khaimah is a tax-free emirate. Unlike other emirates like Dubai and Abu Dhabi, the RAK is 100% tax-free. There are no personal taxes, no corporate taxes and no taxes on property. These benefits extend to any company which establishes its operations within the RAK Free Trade Zone.

    The absence of taxes significantly reduces the operational costs of running a business within the RAK Free Trade Zone. For starters, it saves a business from the cost of paying taxes. Secondly, it saves the business from the expenses associated with filing tax returns. This basically keeps operational costs at a minimum.

  • No Exchange Controls

    One of the unique aspects of the RAKFTZ is the absence of foreign exchange controls. There are no restrictions on moving money in or out of the RAK. Any company established within the RAK Free Trade Zone enjoys this lax financial environment.

    The absence of exchange controls means that business can move cash within local or foreign accounts with ease. This simplifies conducting international business. It means that a company can make or receive payments without any unnecessary interference or delays.

  • No Customs Duties

    The RAK Free Trade Zone is 100% free of customs duties. Companies can import or export commodities without being charged a dime in duties. This makes it ideal for manufacturing companies which need to import raw materials. It also makes the RAK FTZ ideal for companies which need to constantly ship goods around as part of their business operations. It enables such companies to run their businesses with minimal costs.

  • Maximum Privacy

    Businesses within the RAK Free Trade Zone can operate with minimal oversight from both within and outside the RAK FTZ. First of all, the RAK FTZ does not require businesses operating within the jurisdiction to prepare, audit or file accounts. This makes it quite distinct from even other emirates. Dubai, for instance, requires businesses to audit accounts.

    The absence of account audit requirements means that businesses can operate with maximum privacy. Only authorized persons can have access to business accounts. Of course, it also saves businesses from the associated costs of preparing and filing accounts.

    The RAK also doesn’t have publicly accessible records of companies. Even the company registry isn’t publicly accessible. Therefore, there is no way for a foreign individual, entity or government to know the directors or shareholders of a RAK Free Trade Zone company. This enables the directors and shareholders to invest and run their companies free from unwanted scrutiny.

  • 100% Foreign Ownership

    Companies within the RAK Free Trade Zone can be 100% foreign owned. There is no requirement for local directors or shareholders. This isn’t the case even in other emirates. In Dubai, for instance, a company can only be registered if one of the directors or shareholders is a local.

    The fact that a company can be fully foreign-owned greatly simplifies the process of registering a company within the RAK Free Trade Zone. It eliminates the hustle of having to find a local to partner with in registering the company.

  • A Strategic Location

    The RAK Free Trade Zone is one of the most strategic locations for international businesses. First of all, it is situated within the UAE – one of the fastest growing economies in the world. Secondly, it is situated just a one- hours’ drive from Dubai – a leading financial hub. The RAKFTZ itself is a budding financial hub. It has world-class infrastructure, an international airport and a fast-growing port (the Saqr Port).

    The geographical location of the UAE gives it proximity to Europe, the Middle-East, Asia and Africa. This makes gives it easy access to some of the most lucrative markets in the world. This strategic positioning makes it perfect for businesses which intend to expand into these lucrative markets.

  • Excellent Facilities and Support Services

    The RAK Free Trade Zone is packed with excellent facilities for running a business. This includes office space, energy resources, international transportation terminals, and accommodation facilities for managers and staff.

    These facilities can be tailored to the needs of a company. For instance, small businesses looking for office space can select from Flexi Desks (shared workstations), Flexi Offices (shared office spaces) or standard offices. This means that a company can get exactly what it needs to run its operations.

    Besides facilities, the RAK Free Trade Zone is packed with companies which can offer business support services. This include legal services, recruitment, procurement services, customer support and even translation services. Basically, whatever services a company needs can easily be found within the Business Park.

    The availability of such facilities and support services makes getting a company up-and-running quite simple. This is because there is no need to recruit a large number of employees in order to get things done.

  • Fast-Track UAE Visa

    The RAK FTZ has a fast-track mechanism for helping individuals get UAE visas. This mechanism is specifically designed for business owners, managers and investors in companies located within its Free Trade Zone.

    This fast-track Visa makes the RAK Free Trade Zone especially attractive for international businesses. It means that individuals associated with the company can travel to and from the RAK without a lengthy visa application process.

  • Hustle-Free Setup

    Perhaps the greatest advantage of having a company within the RAK Free Trade Zone is the sheer ease of setting up one. Registering a company within the Free Zone is incredibly easy. The shareholders or directors don’t even need to travel to the RAKFTZ to have their companies registered. The entire process can be completed online within a matter of days. This makes establishing a business within the RAK quite simple.

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    Business Types in the RAK Free Trade Zone Facilities

    The RAK Free Trade Zone Authority allows four types of business setups:

  • Free Zone Establishment (FZE)

    An FZE formation can have a single shareholder.

  • Free Zone Company (FZC)

    An FZC can be formed with 2 to 5 shareholders.

  • Branch of a Local Company

    A branch of a domestic company residing in the United Arab Emirates. The parent company must have existed for more than a year (also applicable to a subsidiary company).

  • Branch of a Foreign Company

    A branch of a foreign company residing outside the United Arab Emirates. The parent company must have existed for more than a year (also applicable to a subsidiary company).

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    RAK Free Trade Zone – Licence Types

    The categories of license available within the RAK Free Trade Zone are:

    Commercial Licence
    Allows your company to import, export, distribute, or warehouse goods. You can select from specific or general trading licences.
    Consultancy / Services Licence
    Allows your company to conduct services or consultancies across any industry.
    Industrial Licence
    Allows your company to import raw materials, as well as to manufacture, process, package, and export finished products.
    Educational Licence
    Allows your company to open any type of learning or training institution as well as education-related consultancy.

     

    Required Documents for RAK Free Trade Zone Company Set Up

    • clear passport copy (with complete address from the home country)
    • clear photo
    • clear copy of visa page (UAE residence visa or visit) or entry stamp page

    * RAK Free Trade Zone reserves the right to obtain additional documents if required.

    RAK Free Trade Zone Parks

    Business Park
    For corporate and business offices.
    Industrial Park
    For industrial and heavy manufacturing.
    Technology Park
    For trading and light manufacturing.
    Academic Zone
    For educational institutions.

    RAK Free Trade Zone – Facilities

    Flexi Facilities

    RAK Free Trade Zone offers flexi facilities that cater to the specific needs of small businesses. Shared and networked work stations (Flexi Desks) or offices (Flexi Offices) include services provided by our first-class business centres.

    Standard Offices

    RAK Free Trade Zone offers fully furnished and equipped office spaces with access to corporate business centre services, office management services, cleaning service and parking facilities for medium-sized business at competitive rates.

    Executive Offices

    RAK Free Trade Zone provides fully serviced office spaces with access to corporate business centre services, office management services, cleaning service and parking facilities for medium-sized business at competitive rates that allow for maximum return on investment.

    Shell & Core Offices

    RAK Free Trade Zone offers office spaces that can be adjusted to match business needs. We have various sizes of undeveloped facilities with flexibility to suit the customisation requirements of your business.

    Warehouses

    RAK Free Trade Zone provides warehouses that meet industrial requirements for light manufacturing, storage of goods and general assembly, and are available for lease on a year-round or limited time basis.

    Industrial Land

    RAK Free Trade Zone offers lower-cost industrial land for construction in a wide range of sizes with close proximity to seaports and airports as well as easy.

    Calculating Your New Free Zone Company in the RAK Free Trade Zone

    This is always crucial to understand the initial costs for a company start-up. Below is an overview of the basic expenses associated with a new company registration in the RAK Free Trade Zone:

    1.Type of License and Facility

    Each activity of a company falls under a specific License Type. RAKFTZ offers various packages combining license and facility type – “all in-one” for start-up companies. Each package includes license fees, facility, registration fees, establishment card, administration and IT services. Below is an overview of the basic expenses associated with a new company registration in the RAK Free Trade Zone:

    Consultancy License

    type of FACILITY

    Flexi Desk (BC Services)*

    Flexi Desk* 

    Flexi Office*

    Standard Office**

    Standard Office Plus**

    Special Executive Office**

    VISA ELIGIBILITY

    0

    1

    2

    2

    3

    3

    1ST YEAR

    AED 19,500

    AED 23,900

    AED 29,500

    AED 28,390

    AED32,400 

    AED 35,000 

    2ND YEAR

    AED 19,500

    AED 21,700

    AED 28,200

    AED 32,110

    AED 40,560 

    AED 35,560

     

    Commercial License

    type of FACILITY

    Flexi Desk (BC Services)*

    Flexi Desk* 

    Flexi Office*

    Flexi Office A**

    Special Executive Office**

    VISA ELIGIBILITY

    0

    1

    2

    2

    3

    1ST YEAR

    AED 15,500

    AED 20,400

    AED 26,100

    AED 24,540 

    AED 31,150

    2ND YEAR

    AED 15,650

    AED 17,850

    AED 24,350

    AED 27,710

    AED 31,710

     

    General Trading License

    type of FACILITY

    Special Flexi Office**

    Special Executive Office**

    VISA ELIGIBILITY

    2

    3

    1ST YEAR

    AED 40,000

    AED 42,500

    2ND YEAR

    AED 33,000

    AED 34,060

     

    Special Activity License (ex. Legal Consultancy)

    type of FACILITY

    Special Flexi Office**

    Executive Office**

    VISA ELIGIBILITY

    2

    3

    1ST YEAR

    AED 42,150

    AED 38,650

    2ND YEAR

    AED 38,850

    AED 39,210

     
    Industrial License

    type of FACILITY

    Warehouse 15 KW

    Warehouse 16-30 KW

    Warehouse 30+ KW

    1ST YEAR

    AED 54,700

    AED 60,850

    AED 64,950

    2ND YEAR

    AED 47,700

    AED 53,850

    AED 57,950

     

    Above fees for Industrial License are starting prices only. The final quote may increase depending on the kilowatts and warehouse requirements. Number of visas the company is eligible for depends on requirements outlined in the business plan of the company.

    Notes regarding visa eligibility:

    * Visa is restricted to the owner, partner or general manager of the company.

    **Visa can be given to staff provided that company shall operate 100% in the RAK Free Trade Zone.

    2. Visa Application

    Cost of each visa may differ depending on the visa type and whether the person in currently in or out of the UAE.

    VISA APPLICATION

    Investor Visa Application (validity 3 years)

    Employment Visa Application (validity 2 years)

    Medical Test and Emirates ID

    COST

    AED 7,750

    AED 3,820

    AED 1,270

     

    Note: 2000 AED Visa Guarantee Deposit for Employees is required.

    3. WIS RAK Free Trade Zone Service Packages

    Three packages are available for clients’ choice depending on individual needs.

    RAK Free Trade Zone – Packages


    Packages

    COMPARE PACKAGE FEATURES

    Corporate Consultancy

    Name Check

    Initial Approval

    Company Registration

    Flexi Facility Arrangements

    Board Resolution

    Licensing

    Establishment Card

    Setting-Up Company Portal

    Company Stamp

    Daily Update Regarding The Full Process

    Audit Appointment Letter

    Company Letterhead

    Guidance For Depositing Capital

    Obtaining Statement Of Accounts

    Company Profile

    Meeting Arrangement With Banker

    Full Bank Account Opening Application

    Free Pro Service For 1st Company Visa

    Business Plan Making

    SILVER

    AED 7500

    Yes

    Yes

    Yes

    Yes

    Yes

    Yes

    Yes

    Yes

    Yes

    Yes

    Yes

    -

    -

    -

    -

    -

    -

    -

    -

    -

    GOLD

    AED 14000

    Yes

    Yes

    Yes

    Yes

    Yes

    Yes

    Yes

    Yes

    Yes

    Yes

    Yes

    Yes

    Yes

    Yes

    Yes

    Yes

    Yes

    -

    -

    -

    PLATINUM

    AED 24000


    Yes

    Yes

    Yes

    Yes

    Yes

    Yes

    Yes

    Yes

    Yes

    Yes

    Yes

    Yes

    Yes

    Yes

    Yes

    Yes

    Yes

    Yes

    Yes

    Yes

     
    *USD 1 = approx. AED 3.67.

    Need Help Choosing the Right Package?

    Submit an enquiry or request a confidential callback or chat with us.


    Why Choose Worldwide Incorporation Services?
    • We’ve been helping business owners since 1998
    • Incorporating your business is our focus
    • We make a complex process fast and easy
    • We work closely with RAK Free Trade Zone Authority to guarantee our service

    RAK Free Trade Zone Company Formation – Office Addresses

     

    Services in RAK FTZ

    Worldwide Incorporation Services provides the following services in RAK FTZ:

    • RAK Free Trade Zone Company Formation
    • Investor & Employment Visas
    • Full Company Administration & Secretarial Services
    • Opening of Bank Accounts

    Worldwide Incorporation Services | Ras al Khaimah Free Trade Zone Company

     

    Free Initial Consultation
    Call to any of our offices for your free initial consultation.


    How to proceed
    To start your business in the Ras al Khaimah Free Trade Zone please contact one of our offices or submit an online enquiry.

    GET YOUR BUSINESS STARTED IN THE RAK FTZ

    Why Our Company is the Best Choice for Ras al Khaimah Free Trade Company Formation and Administration?
    Click here to find out some reasons for that.


    Questions? Need advice?

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