Advantages and steps of establishing a company in the Ras Al Khaimah Free Zone. The free zones in Dubai have exceptional advantages that make them an ideal environment for establishing emerging and innovative companies. In partnership with Itqan, the leading management and legal consulting firm in the emirate, ambitious businesses can benefit from these advantages and turn their ideas into reality.

Free zones in Dubai provide unique incentives and facilities for new companies. It is characterized by an integrated tax system that ensures that no taxes are imposed on profits or capital, which enhances the profitability and competitiveness of projects. It also provides full ownership to foreigners without the need for an Emirati partner, and offers simple and quick registration and licensing procedures.

In addition to regulatory and tax advantages, Dubai\\\’s free zones are characterized by quality infrastructure and advanced logistics services. It provides fully equipped office and industrial space, in addition to the necessary facilities for storage, shipping and transportation. These areas are also witnessing continuous development to meet the needs of emerging and innovative establishments.

In cooperation with Itqan, ambitious companies can take full advantage of these distinctive advantages. Itqan Company provides the necessary advisory services and guidance for establishing and developing businesses in free zones, including registration, licensing and regulatory compliance procedures. It also provides specialized administrative and legal support to ensure the success of emerging projects.

Based on these integrated advantages, establishing a company in the free zone in cooperation with Itqan Company is an attractive and motivating option for innovators and ambitious pioneers who wish to launch and expand their businesses in Dubai.

Establishing a company in Ras Al Khaimah Free Zone

Types of companies that can be established in Ras Al Khaimah Free Zone

Establishing a company in the free zone provides various opportunities for investors and businessmen. Free zones provide a flexible business environment and specific features that make them a preferred destination for establishing companies. There are several types of companies that can be established in the free zone, including:

• Local Company (LLC): The Limited Liability Company is the most common form of company in the free zone. These companies enjoy flexibility in business management and shareholder rights.
• Regional Limited Company (FZ-LLC): This company gives an opportunity to exploit the local market in the UAE. This company is considered suitable for companies that want to expand their activities in the region.
• Free Limited Company (FZE): Established as a single company wholly owned by one person or by a group of people. This company provides great flexibility in business management and asset ownership.
• Public Company (PJSC): A public company is a form of company available in the free zone. These companies have the ability to raise capital from the public by offering their shares on the market.
• Joint Venture (JV): A joint venture is formed by two or more companies, working to achieve common goals. This company provides the advantages of cooperation and risk sharing between partners.

Remember, these are just some examples among the many types of companies that can be established in a free zone. It is best to consult a local legal expert or business consultant for precise guidance on the appropriate type of company and incorporation requirements.

Basic steps to establish a company in Ras Al Khaimah Free Zone

To establish a company in Ras Al Khaimah Free Zone, here are some basic steps that must be followed:

• Research and Planning: Study the Ras Al Khaimah market and the requirements of companies in the free zone. Determine the type of company you want to establish and your business goals.
• Legal advice: Consult a local legal advisor with experience in establishing companies in Ras Al Khaimah Free Zone. He will provide you with the necessary advice about the legal procedures and required conditions.
• Choose the legal type: Select the legal type of company you want to establish, such as a limited liability company or a free company.
• Choosing a company name: Choose a suitable name for the company that complies with the laws and directives of Ras Al Khaimah. Make sure the name is not already in use and complies with local laws.
• Submit Required Documents: You may be asked to submit documents such as passports of shareholders and directors, articles of incorporation, financial records, and other documents required to register the company.
• Establishing a company: You may be required to sign the articles of incorporation and pay the fees required to establish the company.
• Obtaining Licenses: After establishing a company, you may need to obtain additional licenses such as a business license and a construction license if you plan to build a place for business.
• Open a bank account: Open a bank account with a local bank for the company to manage financial matters.
• Work Visas: If you intend to hire employees, you may need work visas for them. Submits visa applications to appropriate employees and carries out the required procedures.

These are general steps, and the exact requirements and procedures may vary based on the type of company and local legislation in Ras Al Khaimah. It is necessary to consult with Itqan Company to ensure that the correct procedures are followed and to provide up-to-date and accurate information about the cost of issuing a commercial license in the free zone. It requires bringing the latest data and legislative updates related to Ras Al Khaimah. Unfortunately, I do not have updated information on the current cost of issuing a business license in Ras Al Khaimah Free Zone, as my knowledge is limited to updated information.

To obtain updated and accurate information regarding the current cost and requirements required to issue a commercial license in the Ras Al Khaimah Free Zone, it is preferable to contact local relevant authorities such as the Federal Authority for Human Resources and Emiratisation and the Department of Economic Development in Ras Al Khaimah, or seek the assistance of a legal expert or accountant to obtain updated information and necessary guidance.

Commercial activities that can be practiced in the Ras Al Khaimah Free Zone

Commercial activities that can be practiced in the Ras Al Khaimah Free Zone

The free zone in Ras Al Khaimah provides wide opportunities for practicing various commercial activities. There are a variety of business activities that can be established and operated in the free zone, including but not limited to:

• Manufacturing and secondary industries: Manufacturing and production companies can be established in the free zone, whether it is in the food industry, electronics, cars, furniture, etc.
• Professional and consulting services: Consulting and professional services can be provided in various fields such as engineering, accounting, design, marketing, information technology, training, and others.
• Trade and distribution: Trade and distribution companies can be established to import and export various products, whether consumer goods, equipment, building materials, or others.
• Logistics and warehousing services: Companies can be established to provide logistics, warehousing and distribution services, including shipping, customs clearance and temporary storage.
• Travel and tourism: Travel agencies and tourism companies can be established to organize trips and provide tourism and hotel services.
• Research, development and innovation: Research and development companies can be established in diverse fields such as technology, health sciences, renewable energy, and environmental technologies.
• Medical and health services: Private hospitals, medical clinics, and companies can be established to provide health services such as laboratory analyzes and home health care.
• Real estate and real estate investment: Real estate development, real estate investment, and property management companies can be established.

These are just general examples, and there are many other business activities that can be practiced in the Ras Al Khaimah Free Zone. It is preferable to consult the Federal Authority for Human Resources and Emiratisation. The commercial activities that can be practiced in the Ras Al Khaimah Free Zone may be diverse and develop over time. Therefore, it is preferable to contact the competent authorities in the Ras Al Khaimah Free Zone to obtain updated and detailed information about the currently permitted and available commercial activities.

Expected costs of establishing a company in Ras Al Khaimah Free Zone

Expected costs of establishing a company in Ras Al Khaimah Free Zone

Determining the expected costs of establishing a company in Ras Al Khaimah Free Zone depends on several factors, including the type of business activity, the size of the company, and its requirements. However, I will give you a list of the basic costs that you may encounter when establishing a company in a free zone:

Registration fees: You may need to pay a fee for the company registration process in the free zone.
License fees: Obtaining a commercial license and paying the required license fees may be required depending on the type of business activity.
Contract and lease fees: If you plan to rent office or commercial space in a free zone, you will need to pay the required contract and lease fees.
Invested Capital: You may be required to determine the company\\\’s invested capital, which is the amount you invest in the business and its equipment.
Legal and accounting services fees: If you engage the services of legal advisors or accountants to help you establish the company and prepare accounts, you will need to pay fees for their services.
Insurance costs: You may need to obtain company insurance policies, and there may be costs associated with this.
Visa costs: If you plan to hire employees from abroad, you will need visas for them, and there may be costs associated with this.
Registration and office costs: You may need to rent an office or space for the company and purchase equipment and furniture necessary for the business, and this may entail additional costs.
You should contact the competent authorities in the Ras Al Khaimah Free Zone to obtain more detailed information and determine the exact costs of establishing a company in the free zone, as fees and costs can vary according to current laws and regulations and the type of business activity you wish to engage in.

Our company\\\’s role in establishing a company in Ras Al Khaimah Free Zone

In conclusion, establishing a company in Ras Al Khaimah Free Zone is an exciting business and investment opportunity. In cooperation with Itqan Company, sustainable success and competitive advantages can be achieved in this thriving economic environment.

The journey to establishing a company begins with understanding the requirements and procedures required. Starting from registering the company and obtaining the business license, Itqan provides the experience and knowledge to guide you through these complex processes.

Itqan Company ensures that all legal papers and procedures are in full compliance with local regulations and requirements. It also provides support in determining invested capital and guides you in choosing the appropriate business activity and market analysis.

In addition, Itqan helps you make the right strategic decisions regarding contracts, leases, insurance, legal and accounting services. The company works to make the most of the advantages available in the free zone, allowing you to achieve maximum profitability and success.

Ras Al Khaimah Free Zone is an ideal environment for business, as it provides advanced infrastructure, logistical facilities, and encouraging investments. Itqan Company can be a strategic partner that helps you exploit all these opportunities in the best possible way.

In short, establishing a company in Ras Al Khaimah Free Zone in cooperation with Itqan Company can be a gateway to success and prosperity. Depending on its experience and multiple services, Itqan can support you at every stage of your business journey, contributing to achieving your future aspirations and goals in this dynamic business environment.

Frequently asked questions about establishing a company in Ras Al Khaimah Free Zone