Set up a company in a Free Zone in Ras Al Khaimah

DOING BUSINESS IN RAS AL-KHAIMAH

Ras al-Khaimah (RAK) is northernmost emirate, and is less than an hour’s drive from Dubai. RAK is connected to Dubai by Sheikh Mohammed Bin Zayed Road and Emirates Road, two multi-lane highways, and by several smaller roads.

Its neighbours are the emirates of Fujairah and Umm Al Quwain, and it also shares a very short border with Sharjah in the desert interior, as well as the Sultanate of Oman’s Musandam peninsula.

Ras Al Khaimah is also the geographical area of the UAE that is closest to Iran. RAK’s Mina Saqr port is only 100 kilometres (60 miles) away from the Iranian port of Bandar Abbas.

The fourth-largest emirate, Ras Al Khaimah has always held a position of significance. From it’s early days as a centre of traditional shipbuilding and trade, Ras Al Khaimah has now become a centre of quarrying, manufacturing and tourism. Since 2003, the Government of Ras Al Khaimah has been investing heavily in education and public utilities, and has pursued an economic diversification policy, promoting industrialisation and tourism in the emirate.

Ras Al Khaimah was ranked sixth on the FDI magazine’s list of Top 20 Middle Eastern Cities, and first on the magazine’s list of Cities Most Attractive for Foreign Investment, followed by Abu Dhabi and then Dubai.

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Advantages of a Free Zone Company in Ras Al Khaimah

Growing Economy
Ras Al Khaimah has been the most prominent emirate, after Dubai and Abu Dhabi. It was the first emirate, after Dubai, to enact a freehold law enabling foreigners to purchase property. RAK also came up with innovative offshore and onshore free zone offerings, that made it economical to do business in the region.

Favourable Investment Climate
Ras Al Khaimah’s freehold laws have attracted investors from all over the GCC and worldwide to invest in tourism and living in the emirate. It offers an economical substitute to Dubai, and the lower costs of living have helped it gain prominence among investors looking at investing in the UAE.

Free Zone
RAKEZ, the free zone at Ras Al Khaimah, has over 14,500 companies, with hundreds of freelancers living and working from the free zone. It offers entrepreneurs and established companies a wide range of solutions, from desk space packages to large tracts of land for industry.

Tax friendly
There are no personal or corporate income taxes. This enables companies in Ras Al Khaimah to deploy their capital and earnings to expand their businesses, and attract good talent from all parts of the world.

Geographic Location
Ras Al Khaimah is located between Asia, Europe and Africa, a gateway to over 2 billion people.

Good Infrastructure
Ras Al Khaimah has a good network of roads and highways and good port facilities. It also has an international airport.

Tourism
The tourism sector is a major driver of business in Ras Al Khaimah, with the emirate offering a premium selection of properties (such as Al Marjan Island) for short-term staycations and long-term time-share investments.

Security
The UAE has had a politically stable climate since inception. Abu Dhabi is known as one of the most tolerant, prosperous, secure and safe societies in the world and is ranked as the top Middle Eastern city in Mercer’s Quality of Life Index.

RAKEZ FREE ZONE

RAKEZ is one of the largest free zones in the UAE, offering free-zone, non free-zone and offshore solutions.

SPECIAL FREE ZONE PACKAGES

Selective packages to help you get started

RAKEZ Basic

Service/Trading License
1 visa
Flexi-desk
no e-channel fees

from AED 11,000

Apply

RAKEZ Office

General Trading License
4 visas
Flexi Desk
Establishment Card

AED 17,000

Apply

RAKEZ

SPV License
Holding Company activity
No office space
No visas

from AED 10,000

Apply

RAKEZ

Media License
No license fee!
1 visa
Flexi Desk

from AED 17,000

Apply

BROWSE ALL FREE ZONES

Dubai

Dubai has over 20 free zones with a wide variety of business activities available.

Know more

Abu Dhabi

Abu Dhabi is the capital of the UAE and has highly specialised free zones.

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Sharjah

Sharjah is the largest emirate and home to three free zones.

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RAK

RAK is an upcoming tourist and investment destination in the UAE.

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Ajman

Ajman offers offshore and onshore company formation licenses.

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Umm Al Quwain

UAQ free zone has economical initiatives for startup companies.

Know more

Fujairah

Fujairah free zones are cost-effective and offer licenses not available elsewhere in the UAE.

Know more

GUIDES

Forming a company in the UAE can be a daunting task, due to the multiple options available. Do you start a company in the Dubai mainland, or do you setup a free zone company? What are the laws and regulations governing your company? Answer these questions, and many more, through our Doing Business Guides that you can download for free!

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From tips on searching names, to acceptable trade names in Dubai.

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Relocating to the UAE

The lowdown on living costs, school fees, and everything about living in Dubai.

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Setting up in Dubai Mainland

Covers every aspect of establishing a presence in the hub of the Middle East.

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LATEST BLOGS

We write on all aspects of doing business in the UAE. Read our blogs to understand more about company formation, advantages of various free zones,
typical issues that you may face when setting up a company in the UAE, or operating in the region, and much much more.

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