Business setup In RAK
Are you looking for a cost-effective way to expand or start your next venture in the UAE? Business setup in RAK (Ras Al Khaimah) provides a streamlined process for Ras Al Khaimah business registration, competitive licensing options in a Ras al Khaimah free zone, and direct access to RAKEZ—a renowned economic zone. With strategic advantages and solid government backing, it’s no surprise that entrepreneurs see RAK business as a promising gateway. Whether partnering with a trusted rak company or going it alone, Ras Al Khaimah stands out as a hub for growth and innovation.
Essential Steps for Business Setup RAK
Key Steps for Company Formation and Business Setup IN RAK.
Key Benefits of Business Setup RAK
1
100% Foreign Ownership
RAK allows full foreign ownership of businesses, which means investors can retain complete control over their company without needing a local partner.
2
Cost-Effective Setup
The regulatory framework in RAK is designed to support business activities with streamlined processes for company formation and licensing.
3
No Income Tax
Businesses in RAK benefit from a tax-friendly environment, including no corporate or personal income tax, no value-added tax (VAT), and no customs duties on imports and exports.
4
Ease of Business Expansion
RAK geographical position provides easy access to major markets in the Middle East, Africa, and Asia.
- This is particularly advantageous for international entrepreneurs looking to establish a presence in the UAE market.
- The Ras Al Khaimah Investment Authority (RAKIA) offers various incentives to attract foreign investment, making it easier for businesses to start and grow.
- This significantly reduces the overall cost of doing business and enhances profitability.
- Its proximity to Dubai and well-developed infrastructure, including international airports and seaports, facilitate efficient logistics and trade operations.
Business Activities for Business Setup in Ras Al Khaimah (RAK)
Trading
Manufacturing
Retail
Construction
Hospitality
Healthcare
Consultancy Services
Education
Types of legal forms in Ras Al Khaimah (RAK) Mainland
Essential Documents for Company Formation in Ras Al Khaimah (RAK)
Establishing a mainland company in RAK involves adhering to specific legal procedures, one of which is preparing the necessary documentation. Below is a comprehensive list of the essential documents required:
A clear copy of the passport is required for all business activities.
The type of visa required varies depending on the business activity:
- 2.1 UAE Residence Visa: For this type of visa, an NOC (No Objection Certificate) form is required from the current person.
- 2.2 Tourist Visa: For this type of visa, a copy of the visit visa is required.
- 2.3 Cancel Visa: For this type of visa, a copy of the canceled visa is required.
- 2.4 On Arrival Visa: This type of visa is for British people, such as those from the USA, UK, and other countries. A copy of the on-arrival visit visa is required.
- 2.5 Golden Visa: For this type of visa, no NOC is required. Only a copy of the Golden Visa is required.
- A unique company name is required as per the company government guidelines.
- The proposed company name should be checked for availability and approved by the relevant authorities.
- 3.1 Business Plan: A business plan is not mandatory for some business activities, but it is required for certain activities, such as Ministry of Health and KHDA “Dubai Health Authority” to set up any pharmacy, institute, or other related activities.
- 3.2 Goods Standard Certificate, Resume, Personal Profile, and Education Certificate:
These documents may be required for certain business activities.
- Military trade (Good Standing Certificate and Education Certificate)
- Education institute setup (Resume and Education Certificate)
- Chemical activity (Goods Standard Certificate and Personal Profile)
- Sports academy setup (Resume and Personal Profile)
- Military trade (Good Standing Certificate and Education Certificate)
Cost of Business Setup In Ras Al Khaimah (RAK)
The cost of mainland company formation in Ras Al Khaimah typically ranges from AED 25,000* to AED 40,000*. This cost varies depending on factors such as the type of business activities, office space requirements, number of visas, and other legal considerations.
Our Business Setup services In Ras Al Khaimah (RAK) include:
Pro Services in Ras Al Khaimah
This service provides professional services in Ras Al Khaimah, such as accounting and law.
Trade Licence in Ras Al Khaimah
This service provides a trade licence in RAK, which allows companies to operate their business in the mainland.
Trade Licence Issuance in Ras Al Khaimah
This service provides UAE services in RAK, such as business setup, licensing, and compliance.
Legal Documentation in Ras Al Khaimah
This document outlines the company’s constitution and defines its objectives, powers, and responsibilities.
Licence Renewal in Ras Al Khaimah
This service provides licence renewal in RAK, which allows companies to continue operating their business in RAK.
Bank Account Opening in Ras Al Khaimah
This service provides bank account opening in RAK, which allows companies to operate their business in RAK
Corporate Tax Registration in Ras Al Khaimah
This service provides corporate tax registration in RAK, which allows companies to operate their business in RAK.
VAT Registration in Ras Al Khaimah
This service provides VAT registration in RAK, which allows companies to operate their business in RAK.
Licence Liquidation in Ras Al Khaimah
This service provides licence liquidation in RAK, which allows companies to cease operating their business in RAK.
Accounting & Bookkeeping in Ras Al Khaimah
This service provides accounting and bookkeeping services in RAK, which allows companies to operate businesses in RAK.
Frequently Asked Questions about Business setup RAK
Business opening in RAK is necessary to fulfil the following requirements:
1. Choose your business activity
2. Choose the legal category
3. Registration of Trade name
4. Approval from relevant authorities
5. Business license
Some of the most common legal structures which one can incorporate within the RAK Mainland, such as
1. Company Limited Liability (LLC)
2. Joint Venture Company
3. Public/Private Shareholding Company
4. Free Zone Company
5. International Business Company (IBC)
Yes, non-residents can open businesses in the UAE. The government of the UAE welcomes foreign investment.
A RAKFTZ company registration fee is at AED 7,000 and the annual service charge is AED 1,200.
