Rak Free Zone Company

RAK Free Zone Company | Expanding And Shifting Your Business Activity Through RAK Free Zone Company Setup

One of The Fastest Growing and Most Cost-effective Free Trade Zones Globally

RAK Investment Authority (RAKIA) is a Government body formed in 2005 with a mandate to promote industry, trade, investment, tourism and infrastructure in the Emirate of Ras Al Khaimah in UAE.Free Zone has quickly proven itself to be one of the fastest growing and most cost-effective free trade zones globally, making true its goals to achieve global brand recognition as a premium investment agency.Learn How To Gain A Strong Physical Presence In Dubai From Dubai Company Registry

RAKIA Free Zone is a World-Class Business Hub and a Vehicle for Industrial Growth and Development

Ras Al Khaimah (RAK) is one of the seven emirates that comprise the United Arab Emirates (UAE). Strategically it located on the tip of the Arabian Gulf, Ras Al Khaimah shares borders with Oman, Sharjah, Dubai and Fujairah.The total land area of the RAK is 2478 sq.kms and has an overall population of 250,000. The past few years has seen RAK grow rapidly on the back of economic development and diversification of its industries. Ras Al Khaimah has earned its reputation as a pre-eminent commercial centre with an innovative, dynamic and entrepreneurial business culture. Strategically located at the crossroads of trade and commerce between East and West, it is ideally positioned to service and access markets that span the Middle East, Africa, the Indian Subcontinent and the CIS countries. The establishment of RAK Investment Authority (RAKIA) has helped drive the enormous economic growth in the emirate, which has seen GDP increase by more than 50% during the past four years.

Rakia Free Zone has managed to attract more than 1600 companies to the emirate and amassed more than USD 2 bn in industrial investments. Rakia Free Zone is at the forefront of the Ras al Khaimah Government’s initiatives to diversify the economy, and is responsible for promoting the development of the Industrial zone and the Free Zone in Al Hamra, and the Industrial Park in Al Ghail. A new company takes birth with a separate legal identity and is considered a person in its own self by law. The birth of a company only takes place when the articles of incorporation are registered by the relevant regulatory authority and a “Certificate of Incorporation” is issued. Ras al Khaimah Investment Authority acts as one stop shop for all investor needs. Their services include offering business licenses (Free and Non-free zones), visas, industrial plots, warehouses, labor accommodation, commercial space, building permits etc. RAK Investment Authority has been given the mandate to establish, run and operate a free zone in the emirate for foreign investors who wish to have full ownership and to avail of the tax and the duty concessions. Established in the year 2000, it has more than 5000 companies from 106 countries around the globe. RAK Free Zone Company Offers a String of Benefits to the Investors: 100% foreign ownership of the enterprise

• 100% export and import tax exemption
• 100% repatriation of capital and profits
• Transparent laws and regulations

In RAKIA free zone, the type of license(s) depends on the type of activities License Types Are:

• General Trading License
• Commercial / Trading License
• Consulting / Services License
• Industrial License
• Media License

The costs of a RAK free zone company for different types of license are as follows:

• General Trading License– AED 26500 [US$ 7280] but not including Office space or Warehouse space. Renewal fee is AED 15,000 [US$ 4120].

• Consulting License– AED 21500 [US$ 5900] but not including office space. Renewal fee is AED 10000 [US$ 2740].

• Media License– AED 24500 [US$ 6730] but not including office space. Renewal fee is AED 10000 [US$ 2740].

• Commercial / Trading License– AED 19500 [US$ 5360] but not including Office or Warehouse space. Renewal fee is AED 8000 [US$ 2200].

• Industrial License– AED 26500 [US$ 7280] but not including warehouse space. Renewal fee is AED 15000 [US$ 4120]. Number of visas will be as per business requirement.For Industrial License, the initial capital required for a business set-up is AED 200000 [US$ 54950] for a Free Zone LLC and AED 150000 [US$ 41200] for a Free Zone Establishment. For LLC companies, if more than 2 a partner, then AED 100000 [US$ 27470] per new partner is required.At present, the annual lease rent for land is AED 12/- per sq.mtr. Per year in Al Ghail Industrial Park.The minimum area available is 5,000 sq.mtr Please note that you are allowed to build labor / staff accommodation on your plot. Also, they have built their own power plant for their clients in Al Ghail Industrial Park. Land is available in both Free Zone and Non Free Zone. Please note that they have separate warehouses for Free Zone as well as Non Free Zone. The minimum size of warehouses is 312 sq.mtr. The annual lease rent for warehouse is AED 200/- per sq.mtr. Per year including service charge. The office space rent at the RAKIA Amenity Centre Office Space is AED 70 per sq.ft. Per year. If you need any employee visas you need to have a minimum 10 sq mtr office at about AED. 8,000 [US$ 2,200] per annum. This allows you to be eligible for for 4 visas. The 3 year visa costs are around AED. 4,500 [US$ 1,230]. Documents required are completed application form, utility bill, passport copies of partners and bank reference letters of partners Our fee for completing the RAKIA free zone process is AED 10000 [US$ 2740].