RAK Free Zone. RAK Free Zone Company Setup.

Worldwide Incorporation Services specializes in RAK Free Zone Company Formation, establishment of branches of local and foreign companies, opening bank accounts and visa processing services.

RAK Free Zone

 

General Information about the RAK Free Zone

Ras Al Khaimah Investment Authority Free Zone (Rakia Free Zone or RAK Free Zone) is a special economic zone in Ras Al Khaimah, which is one of the seven emirates that comprise the United Arab Emirates.

Welcomed business activities

All business activities are welcomed by the RAK Free Zone.

Benefits of RAK Free Zone Company Setup

  • Allowed to do business in the UAE
  • Allowed to have an office in the UAE
  • Company can hold an account in a bank in the UAE
  • Possibility to get resident or employment visas for investor and employees
  • 100% foreign ownership
  • 100% repatriation of capital and profits
  • No corporate tax
  • Total exemption from all import and export duties
  • No personal income tax
  • Exempted from financial reports submission and audit

Legal Entities in RAK Free Zone

The RAK Free Zone Authority allows three types of business setups:

  • Free Zone Establishment (FZE) - Sole Ownership

    An FZE formation can be with a single shareholder.

  • Free Zone Limited Liability Company (FZ LLC)

    An FZ LLC can be formed with 2 to 5 shareholders.

  • Branch of a Local or Foreign Company

    For existing companies wishing to establish a base in the RAK Free Zone.

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    Kinds of licenses issued in the RAK Free Zone

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

    Consultancy / Services License

    Allows your company to conduct services or consultancies across any industry

    Trading / General Trading License

    Allows your company to import, export, distribute, or warehouse goods. You can select from specific or general trading licences

    Commercial License

    Allows your company to import, export, distribute, or warehouse goods. You can select from specific or general trading licences

    Industrial License

    Allows your company to import raw materials, as well as to manufacture, process, package, and export finished products

    Media License

    Allows your company to open media company.

    Required Documents for RAK Company Formation

    • Passport copy of owner
    • UAE Entry stamp copy of the owner or UAE residency visa copy
    • Educational degree copy (based on business activities)

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

    Ras al Khaimah Free Zone – Facilities

    Flexi Facilities

    Ras al Khaimah Free Zone offers business start-up packages that are cost-effective options for business professionals who require solutions on a time slot basis, perfect for startups wanting to explore the market. The packages include shared workstations, private e-mail accounts, high speed internet connection, and a common fax number with fax handling services.

    Cubicle Offices

    These are unfurnished partitioned office spaces suitable for small companies, providing a more exclusive work environment.

    Standard Offices

    Dedicated offices in a semi-closed environment, competitive cost and flexible terms to start your business in the UAE.

    Executive Offices

    Executive Offices are the ideal business solution for companies looking for a permanent, cost-effective presence in the UAE. RAK Free Zone provides a wide range of office setups to suit the company’s needs, with furnished office spaces available in sizes from 15 to 62 m². These offices are the perfect choice for organizations looking for a professional and creative aspect to their working environment.

    Warehouses

    For the benefit of companies engaged in trading, warehousing, assembling, packaging and light manufacturing activities, RAK Free Zone offers warehouses in different sizes for both free zone and non-free zone jurisdictions.

    Industrial Land

    RAK Free Zone provides land on long-term, renewable lease for industrial ventures in its two Industrial Parks in Al Hamra and Al Ghail in Ras al Khaimah. Land plots begin from 5000 m2 with 24-hour supply of power, water, gas and other utilities. Investors are permitted to construct warehouses, offices, and staff accommodation on leased land.

    Calculating Your New Free Zone Company in the RAK Free 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 formation in the RAK Free Zone:

    1.Type of License

    Each activity of a company falls under a specific License Type. Below is an overview of the basic expenses associated with a new company registration in the RAK Free Zone:

    Free Zone Establishment (FZE) – Sole Ownership

    type of License

    Consultancy / Service License

    Trading License

    Commercial License

    General Trading License

    1ST YEAR

    AED 15,000 - 20,000

    AED 15,000 - 20,000

    AED 15,000 - 20,000

    AED 24,500

    2ND YEAR

    AED 15,000 - 20,000

    AED 15,000 - 20,000

    AED 15,000 - 20,000

    AED 24,500

     

    Cost includes: License and Registration Fee.

    Free Zone Limited Liability Company (FZ LLC)

    type of License

    Consultancy / Service License

    Trading License

    Commercial License

    General Trading License

    1ST YEAR

    AED 15,000 - 20,000

    AED 15,000 - 20,000

    AED 15,000 - 20,000

    AED 24,500

    2ND YEAR

    AED 15,000 - 20,000

    AED 15,000 - 20,000

    AED 15,000 - 20,000

    AED 24,500

     

    Cost includes: License and Registration Fee.

    Note: additional Fee of AED 60 is required per shareholder for Immigration Approval (Security Clearance)

    2. Type of Office Facilities

    Being a RAK Free Zone licensed entity you are required to rent an office. Number of visas you are eligible for depend on the office’s size. RAK Free Zone offers Special Packages (SP) for Start-up Company where License and Facility Cost are combined, this can be beneficial for those companies who have Consultancy, Service, Trading or Commercial License only. Physical offices can be offered as well depending on the client’s requirements and subject to availability of offices in the RAK Free Zone. Here are the options:

    type of Facility

    Start Up Business

    Micro Business

    Small Business

    Physical Offices

    VISA ELIGIBILITY

    -

    1

    2

    1 visa / 50 sq.ft.

    ANNUAL FEE

    AED 15,000

    AED 17,000

    AED 20,000

    Starting from AED 17,000 + License Fee

     

    3. Other Documents

    Establishment Card is a mandatory document to enable the company register in the Residency Department. P.O. Box registration is required.

    DOCUMENT

    Establishment Card

    P.O. Box Registration

    COST

    AED 1,200

    AED 850

     

    4. 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 validity for Investor’s visa is 3 years and 2-years validity for employees visa.

    VISA APPLICATION

    Employment (Investor/Partner) Package (includes Entry Permit, Medical Test and Emirates ID Application - for3 years, visa stamping and Investor Card

    Employment (Investor/Partner) Package without Medical and Emirates ID

    Full Employment Package (includes Entry Permit, Medical Test, Emirates ID Application - 2 years, Visa Stamping, ID Card and attested employment contract

    COST

    AED 4,550

    AED 3,680

    AED 2,900

     

    5. WIS RAK Free Zone Service Packages

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

    RAK Free 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 Zone Authority to guarantee our service

    RAK Free Zone Company Formation – Office Addresses

     

    Services in the RAK Free Zone

    Worldwide Incorporation Services provides the following services in Ras al Khaimah Free Zone:

    • RAK Free Zone Company Setup
    • Investor & Employment Visas
    • Registered Office and Agent Services
    • Full Company Administration & Secretarial Services
    • Opening of Bank Accounts

    Worldwide Incorporation Services | RAKIA Free Zone | RAK Company Set Up

     

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


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

    GET YOUR BUSINESS STARTED IN THE RAK Free Zone

    Why Our Company is the Best Choice for RAK Free Zone Company Formation and Administration?
    Click here to find out some reasons for that.


    Questions? Need advice?

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

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