Establishing a company in the Ras Al Khaimah Free Zone is an exciting investment option targeted by many businessmen and investors due to the many advantages and benefits that this free zone provides. Ras Al Khaimah is located as an emirate in the United Arab Emirates and enjoys a developed economic environment and excellent infrastructure that make it an ideal destination for business and investments. Establishing a company in a free zone such as Ras Al Khaimah includes several advantages, including obtaining privacy and great freedom in managing the company, as well as government and tax facilities available to companies registered in this region. The Ras Al Khaimah Free Zone also provides ample opportunities to access regional and international markets due to its strategic location on the Arabian Gulf. The types of companies that can be established in a free zone in Ras Al Khaimah are diverse, including sole proprietorships, joint stock companies, and limited liability companies, allowing investors to make the appropriate choice according to their business goals and needs. These benefits and challenges that can be faced when establishing a company in a free zone in Ras Al Khaimah will be explored in more detail in the article, in addition to providing tips and advice for investors who intend to take advantage of the investment opportunities available in this thriving free zone.  

Advantages of establishing a company in the free zone in Ras Al Khaimah

The free zone in Ras Al Khaimah is considered a major attraction for investors and entrepreneurs to establish a company in the free zone , to benefit from the following advantages:

• Full corporate and personal income tax exemption.
• The full right to dispose of the profits and capital of the company.
• The right to own the company 100%.
• Tax exemption on imports.
• Small fees for facilities.
• Flexibility of necessary procedures.
• Providing offices for rent.
• Flexible and easy-to-implement laws and regulations.

Tips for establishing a company in the Ras Al Khaimah Free Zone

To obtain initial approvals, the investor or businessman must follow a set of procedures and obtain important documents and papers that will facilitate the process of establishing a company. Here are some tips that will help you in this task:

• Have a business plan.
• Obtain a completed application form to obtain initial approval.
• A copy of the existing business license or registration certificate.
• A copy of the passport (colored) for the company’s shareholders and the director or management member.
• Signature form for each company\\\’s shareholders and the director or member of management.
• Financial reports that accurately show the company’s budget for two years, or a reference certificate from the bank for each shareholder.
• For individuals, a letter of no objection must be obtained from the current sponsor.
• Title deed for the real estate unit.
• Letter of intent.
• Good recording.
• biography.
• Reference letter from the bank.
• A form with the manager’s commercial registry identification code.

If you need to know more about establishing a company in the Ras Al Khaimah Free Zone, you can contact us and one of our experts will assist you in all procedures without requiring you to make an effort or waste time.   

Types of companies that can be established in a free zone in Ras Al Khaimah

Basic steps to establish a company in a free zone in Ras Al Khaimah

Establishing a company in a free zone in Ras Al Khaimah is considered an important strategic step for investors and businessmen wishing to benefit from the economic opportunities available in this thriving region. A free zone in Ras Al Khaimah provides an ideal business environment for growth and prosperity, as it provides tax and customs facilities, provides advanced infrastructure, and encourages national and international investments. Here are the basic steps for establishing a company in a free zone in Ras Al Khaimah:

1. Market Study: Conduct a careful study of the market and identify available business opportunities and unmet needs in the Ras Al Khaimah region. Analyze the competition and determine your company\\\’s position in the market.
2. Selection of activity and classification: Determine the company’s activity and legal type, whether it is a local company, a subsidiary, a joint venture company, a branch, or a public or private joint-stock company.
3. Choosing a company name: Choose an appropriate name according to local laws and legislation and ensure that it does not conflict with other brands.
4. Bring the required documents: Prepare the documents required to establish the company, which may include a passport, a personal photo of shareholders and directors, a bank certificate, the company contract, and other required documents.
5. Registration and licenses: Establishing a company may require registration with the Ras Al Khaimah Economic Development Authority or the competent government agency. You may also need to obtain the necessary licenses and permits to conduct business activity.
6. Infrastructure and Office: Secure a location for your company headquarters in Ras Al Khaimah Free Zone, whether it is an office or commercial space. Ensure the availability of necessary infrastructure such as communications, electricity and other facilities.
7. Additional Certifications and Permits: You may need to obtain additional certifications or permits specific to your business activity, such as building permits or health and safety permits, depending on the type of work you do.
8. Opening a bank account: Open a bank account in the name of the company in one of the recognized banks in the Ras Al Khaimah region.
9. Insurance and labor licenses: You may need to comply with social insurance and health insurance for employees and obtain the necessary labor licenses.

It is recommended to cooperate with a local legal advisor or business consultant who specializes in establishing companies in the Ras Al Khaimah Free Zone. This is what our company’s experts provide. They will be able to guide you step by step and provide the necessary advice and guidance to ensure compliance with local laws and legislation.  

Expected costs of establishing a company in a free zone in Ras Al Khaimah

The expected costs of establishing a company in a free zone in Ras Al Khaimah vary greatly depending on the type of company, the size of the operation, and the services required. Here\\\’s an overview of the costs you could face when setting up a company in Ras Al Khaimah:

• Registration fees: Includes fees for registering the company and obtaining the necessary permits from the relevant authorities in the free zone in Ras Al Khaimah.
• Core capital: You may need to determine a core capital for the company and pay it into the company\\\’s designated bank account.
• Legal services fees: These can include legal advice and the preparation of necessary legal documents such as contracts and agreements.
• Infrastructure costs: These can include the costs of renting and furnishing office or commercial space as well as technological and communications infrastructure.
• Additional Services Fees: You may need to pay additional fees for additional services such as logistics, export and import support.
• Consulting and Training Fees: If you require consulting or training services, you may need to pay additional fees to obtain these services.

Additional services available in the free zone in Ras Al Khaimah

In the free zone in Ras Al Khaimah, many additional services are available that facilitate the process of establishing companies and encourage investment. Here are some additional services available in this area:

• Customs facilities: A free zone in Ras Al Khaimah provides customs facilities that help import and export goods smoothly and at low costs.
• Financial Services: Ras Al Khaimah Free Zone provides various financial services such as banking, financing, investments, and insurance services.
• Advanced Infrastructure: The free zone provides an advanced infrastructure that includes modern logistical and communications facilities and distinguished engineering infrastructure.
• Logistics and logistics support: Logistics support and specialized logistics services are provided to companies located in the free zone to facilitate their operations and improve their efficiency.
• Manufacturing and assembly: The free zone provides opportunities for companies to establish manufacturing and assembly units to enhance their manufacturing capabilities.
• Research, Development and Innovation: Support and assistance are provided to companies in the areas of research, development and innovation to develop their products and services.
• Training and qualification: Training and qualification services are available to local and foreign workers to improve their skills and increase employment and professional development opportunities.
• Government and administrative support: Government and administrative support is provided to companies through legal and administrative consulting services, licenses and permits.

These are some of the additional services that are available in a free zone in Ras Al Khaimah, and the services available can change according to the specific free zone and the specializations of the companies located in it.  

Frequently asked questions about establishing a company in a free zone in Ras Al Khaimah