Establishing a Company in Ras Al Khaimah Free Zone In today\\\’s business world, the United Arab Emirates is an attractive destination for investors and entrepreneurs from all over the world, due to its distinguished investment environment and multiple economic advantages. The Emirate of Ras Al Khaimah stands out as one of the most attractive destinations thanks to its strategic location and advanced infrastructure. The Ras Al Khaimah Free Zone is an ideal choice for establishing companies, as it provides a stimulating and diverse business environment that includes tax exemptions and full foreign ownership, making it a major stop for attracting foreign investments.
Establishing a company in the Ras Al Khaimah Free Zone requires a thorough knowledge of legal and administrative procedures to ensure the process runs smoothly. Here comes the role of consulting companies such as “Itqan” Company, which plays a vital role in providing the necessary support to new investors. Itqan Company, with its extensive experience in the field of establishing companies, provides a comprehensive package of services starting from providing legal and commercial consultations all the way to following up on all administrative procedures with the competent authorities.
Itqan Company\\\’s services include assisting investors in choosing the appropriate type of company and determining the ideal business activity, in addition to providing support in choosing a trade name and submitting the required documents. The company also contributes to facilitating the process of paying fees and obtaining the final license, which saves time and effort for investors. Thanks to these integrated services, investors can focus on developing their business and achieving the desired success in a safe and stable investment environment.
Establishing a company in the free zone in Ras Al Khaimah with the help of Itqan Company is not limited to providing administrative support only, but extends to building a strategic partnership that contributes to enhancing opportunities for growth and commercial prosperity. Thus, Ras Al Khaimah becomes a gateway for investors to achieve their business goals in one of the most promising markets in the Middle East.
Establishing a company in the free zone in Ras Al Khaimah
Establishing a company in Ras Al Khaimah in the free zone, one of the most prominent free zones in the United Arab Emirates, as it provides an ideal environment for business thanks to its many advantages such as low costs and simplified procedures. Establishing a company in RAKEZ can be a strategic step towards achieving business success. In this guide, we will explain the main steps for establishing a company in this free zone.
- Choosing a Company Type
Several options are available for establishing companies, including: Limited Liability Company (LLC)
A branch of a foreign company
A representative office - Determine the business activity
You must determine the type of business activity you want to practice. It provides licenses for various activities such as: commerce,
services
, industry
, education, and
media - Choosing a Trade Name
Choosing a unique trade name that is in line with standards is an essential step. The name must reflect the nature of the company\\\’s business and not be reserved by another company. - Submitting an application:
An application to establish a company can be submitted or by visiting one of the customer service centers. The application includes information about the type of company, business activity, and proposed trade name. - Submitting the required documents
You will need to submit some necessary documents, such as: A copy of the passport for shareholders and managers
A recent personal photo for both shareholders and managers
A filled out and signed application form
The company’s articles of incorporation (for limited liability companies)
Establishing a company in the free zone
Types of companies in Ras Al Khaimah Free Zone
Ras Al Khaimah is considered one of the most prominent investment destinations in the United Arab Emirates, providing an ideal environment for businessmen and investors from all over the world. Thanks to its strategic location, advanced infrastructure, and supportive economic policies, Ras Al Khaimah has become an attractive center for establishing companies. If you are thinking about investing and establishing a company in Ras Al Khaimah, it is important that you learn about the types of companies in Ras Al Khaimah that you can establish there. There are a variety of options available to meet the needs of different types of businesses, whether small, medium or large. In this article, we will review the types of companies that can be established in Ras Al Khaimah, helping you make the right decision that fits your business goals and future strategy. Here are the types of companies in Ras Al Khaimah that you can establish:
| Type of Company | the description |
|---|---|
| Limited Liability Company (LLC) | A company with a legally independent entity, whose shareholders have limited liability for the company\\\’s obligations. |
| A branch of a local company | A branch of a parent company based in the Emirates, which carries out the same commercial activities as the parent company. |
| Branch of a foreign company | A branch of a parent company based outside the Emirates that carries out the same commercial activities as the parent company. |
| Representative office | An office used for marketing and advertising purposes for the parent company only, and does not carry out direct commercial activities. |
| Free Zone Company (FZE) | A company with only one shareholder, limited liability, and mainly used for small and medium enterprises. |
| Multi-Shareholder Free Zone Company (FZ LLC) | A company that has more than one shareholder, has limited liability, and its activities can vary between commercial, industrial, and service. |
This table briefly explains the different types of companies that can be established in the Ras Al Khaimah Free Zone, with a brief description of each type.
Advantages of establishing a company in the free zone in Ras Al Khaimah
Establishing a company in Ras Al Khaimah Free Zone (RAKEZ) offers many advantages that make it an attractive destination for investors and entrepreneurs. Here are some key features:
- Complete foreign ownership
100% foreign ownership: Foreign investors can own the entire company without the need for a local partner. - Tax exemptions
Income tax exemption: There are no taxes on individual income.
Corporate Tax Exemption: Complete exemption from corporate tax.
Customs exemption: There are no customs duties on goods imported and exported to and from the free zone. - Full transfer of profits
Freedom to transfer profits: Profits and revenues can be completely transferred outside the Emirates without restrictions. - Flexibility in hiring workers
and ease of issuing visas: Facilitations in obtaining residence visas for investors, managers, and employees.
International recruitment: The possibility of employing workers of any nationality without restrictions. - Advanced infrastructure
Modern facilities: Provides offices, warehouses, and industrial spaces equipped with the latest technology.
Strategic location: The free zone is close to major ports and airports, which facilitates shipping and transportation operations.
Establishing a company in the Ras Al Khaimah Free Zone gives investors the opportunity to benefit from an ideal investment environment that combines flexibility, low costs, and simplified procedures, allowing them to focus on the growth and development of their business in a competitive global market.
The regulatory body for free zone activities in Ras Al Khaimah
Establishments established in free zones in the Emirates are subject to the laws and regulations governed by each specific free zone body or authority. According to the official portal of the UAE government, the authority regulating the activities of the free zone in Ras Al Khaimah is RAKEZ, which operates in accordance with the laws of the Department of Economic Development in Ras Al Khaimah.
RAKEZ is distinguished by being a world-class body that includes more than 14,000 companies under its umbrella. It operates under the supervision of the following bodies:
- Ras Al Khaimah Free Zone Authority
- Ras Al Khaimah Investment Authority
These bodies work to provide a distinctive regulatory environment that supports business and investment in Ras Al Khaimah, making it an attractive destination for companies and investors from around the world.
Steps to establish a company in the free zone
Establishing a company in Ras Al Khaimah Free Zone (RAKEZ) is characterized by simplicity and speed. Ras Al Khaimah Free Zone (RAKEZ) is one of the most prominent free zones in the United Arab Emirates, offering an ideal environment for establishing and developing commercial and industrial businesses. Here are the steps for establishing a company in detail:
Choose the company type
When it comes time to establish a company in the UAE, choosing the right type of company is a crucial step. This step depends on several factors, such as the nature of the business to be practiced and the future goals of the company. Among the available options, investors can choose from a limited liability company (LLC), a branch of a local or foreign company, a representative office, a free zone company (FZE), or a multi-shareholder free zone company (FZ LLC).
If the company aims to expand its business and participate in the UAE market fully, establishing a limited liability company (LLC) may be the ideal option. On the other hand, if the company wants to exploit global opportunities and expand its activity outside the Emirates, establishing a branch of a local or foreign company could be the ideal solution. If the company seeks a local presence without the need to conduct business, establishing a representative office may be the appropriate option.
Determine the business activity
Defining the business activity is a crucial step in the company establishment process, as this activity determines the nature and scope of the company\\\’s business and the services or products it will provide to customers. Investors must study the market, analyze demand and supply, and choose the business activity that suits their experience and skills and is compatible with their business goals.
When defining a business, many factors must be taken into consideration, including the company\\\’s business strategy, available resources, legal regulation, and conditions and restrictions imposed by local authorities. Popular businesses in the local market and future growth opportunities should also be considered.
By accurately defining the business activity, a company can define its marketing strategy and develop effective business plans that contribute to achieving its financial and business goals. Defining the business activity correctly contributes to building the company\\\’s brand identity and increasing its chances of success in the market.
Choose a trade name
When choosing a trade name for your company, this process must be thoughtful and logical, as the trade name represents the company\\\’s identity and reflects its personality and vision. Choosing a trade name is one of the first and important steps in establishing a company, and it may have a significant impact on the success or failure of the business in the future.
The trade name must be clear and easy to understand, and accurately express the company\\\’s activity. It is preferable that the name you choose be unique and distinctive so that customers can easily remember it and distinguish it from other companies in the market. The trade name must also be appropriate to the local culture and values of the target market, and it must be ensured that there is no similarity or conflict with other existing trade names.
Before making the final decision on a trade name, thorough research should be conducted to ensure that there are no intellectual property rights registered in a similar name, as this helps avoid potential legal problems in the future. You must also ensure that the domain name is available on the Internet for the company, as obtaining the appropriate domain name can sometimes be difficult.
Submission of the application
When investors decide to establish a company in a free zone such as Ras Al Khaimah, they begin the application process by filling out a specific application form that identifies the body responsible for managing the free zone. The incorporation application includes comprehensive information about the company to be established, such as the proposed company name, the type of business activity that the company will undertake, the personal details of the founders and key managers, in addition to the specific address of the company’s headquarters in the free zone.
After filling out the form, investors must submit all the required documents, which may include a copy of the passport, a copy of the residence permit, a letter of support from the bank, a letter of support from the client present in the country, and other documents related to the commercial activity to be carried out.
After completing all procedures and submitting the application and required documents, the application is examined and reviewed by the relevant authority, and if approved, the necessary license to establish the company is issued. After that, investors can start the company establishment process and start business in the free zone.
A copy of the passport for shareholders and directors
The company incorporation process in Dubai requires specific documents for shareholders and directors. Among these documents, a copy of the passport is provided to each of the shareholders and directors concerned with the company. The passport is considered one of the basic documents that prove an individual’s identity and determines his nationality, and a copy of it is necessary to prove the identity and nationality of the people involved in managing and owning the company. Providing a copy of the passport enhances the credibility of the information provided and contributes to subsequent verification procedures carried out by government authorities and financial institutions. Shareholders and directors must retain their valid passports and submit copies thereof in accordance with the requirements of local authorities and laws regulating company incorporation in Dubai.
By following these steps and with the appropriate support, you can establish your company in the Ras Al Khaimah Free Zone easily and efficiently, allowing you to focus on growing and developing your business in an encouraging and safe investment environment.
Your company in the free zone
Steps to obtain a commercial license in the free zones in Ras Al Khaimah
To obtain a business license in the free zones of Ras Al Khaimah, investors must follow a series of specific steps to ensure compliance with all legal and regulatory requirements. The process begins with choosing the appropriate business activity and determining the type of company to be established, whether it is a limited liability company or a free zone establishment. After that, investors must submit an application to the relevant free zone authority, with the required documents, which include a copy of the passport, business plan and articles of association. This step is followed by a review of the application by the Authority to verify compliance with the conditions and standards. After obtaining initial approval, investors must pay the required fees and complete final legal procedures, including signing contracts and officially registering the company. When these steps are completed, the Authority issues the trade licence, allowing the company to begin commercial operations in the Ras Al Khaimah Free Zone. In addition, investors can open a bank account and register employees with the relevant authorities to complete operational procedures.
Financial guarantees for establishing a company in the free zone
Establishing a company in the Ras Al Khaimah Free Zone comes with a set of financial guarantees that help provide financial stability and protection to investors. Here are some key financial guarantees:
- Tax exemption
Income tax exemption: Investors in the free zone enjoy complete exemption from personal income tax, which contributes to increasing personal financial returns.
Corporate tax exemption: Companies located in the free zone are exempt from corporate tax, which helps them achieve higher profits.
Customs exemption: There are no customs duties on imported and exported goods, which reduces import and export costs. - Low fees policy
Low registration fees: Company registration costs in the free zone are often low compared to other places.
Low rental costs: The free zone provides offices and industrial space at low rental costs, which reduces operational costs. - Investment Protection
Full Foreign Ownership: Foreign investors can fully own the company without the need for a local partner, which protects their financial rights.
Freedom to transfer profits: Profits and proceeds can be completely transferred abroad without restrictions, providing great financial flexibility.
Legal security: There are laws and regulations that protect investors’ rights and provide a stable and safe investment environment. - Business Support
Integrated Service Centers: The free zone provides integrated service centers that provide technical and advisory support to companies in all financial, legal and operational fields.
Facilities for obtaining visas: Providing facilities for issuing visas to investors and employees, which facilitates procedures for recruiting and maintaining important human resources for the company.
These financial guarantees make establishing a company in the Ras Al Khaimah Free Zone an ideal choice for investors looking for an encouraging and stable investment environment that supports business growth and prosperity.
How to choose a location for your company in RAKEZ
Choosing the right location for your company in the RAKEZ (Ras Al Khaimah Economic Zone) requires consideration of several important factors to ensure the success of your business and achieve your business goals. Here are some tips for choosing the right location in RAKEZ:
- Type of economic activity: Make sure that the location you choose suits your business activity and its requirements. Some locations within RAKEZ are dedicated to manufacturing industries, while other areas are suited to services, technology and logistics companies.
- Infrastructure and Services: Ensure the necessary infrastructure such as electricity, water and effective communications is in place. Support services such as logistics, security and maintenance can also be important.
- Access and transportation: Check the ease of access to your location, whether by main roads or public transportation. This makes it easier for your employees and customers to reach you efficiently.
- Space and future expansion: Choose a location that provides you with enough space to meet your current business needs, while at the same time allowing you to expand in the future flexibly and without additional complications.
- Costs: Compare the costs of different locations available within RAKEZ, including rental costs and associated services. Choose the option that fits your budget and offers the best value for money.
- Laws and Regulations: View the laws and regulations that regulate corporate activity in RAKEZ. Make sure you understand the terms and requirements related to establishing and operating your company in the region.
By choosing the right location in RAKEZ, you can provide an ideal environment for your company to grow and achieve success in the local and global market.
Our service for establishing your company in Ras Al Khaimah
Itqan Company is one of the leading companies in the field of consulting and establishing companies in the United Arab Emirates, specifically in the free zone in Ras Al Khaimah. Thanks to its extensive experience and specialized work team, Itqan provides a full range of services that ensure establishing your company easily and efficiently. Below we review the most prominent services provided by Itqan Company to establish your company in Ras Al Khaimah:
- Legal and business consulting
Market analysis: Providing comprehensive studies and analyzes of the local and international market to ensure informed investment decisions.
Legal Consultation: Providing customized legal advice in line with RAKEZ requirements and laws, ensuring your company is established in a legal and proper manner. - Choosing the type of company and business activity
Determining the legal structure: Helping investors choose the most appropriate legal structure for their business activity, whether it is a limited liability company (LLC), a branch of a foreign company, or a representative office.
Identifying the business activity: Providing consultations to determine the ideal business activity based on the market study and the investor’s needs. - Incorporation Procedures
Preparation and Submission of Applications: Prepare and submit all required documents and forms to RAKEZ, including the application form, articles of incorporation, and other official documents.
Communication with the authorities: Dealing with all competent authorities to ensure that the process runs smoothly and effectively. - Trade Name Services
Trade Name Selection: Providing suggestions for distinctive trade names that are compatible with RAKEZ laws.
Trade name reservation: Reserve the trade name and ensure that it does not conflict with other trade names. - Payment of fees
Calculate fees: Calculate all fees related to establishing the company, including registration, licensing, and office fees.
Payment procedures: Facilitating the process of paying fees through multiple and secure payment channels.
By choosing Etqan Company, you are guaranteed to establish your company in Ras Al Khaimah in the best possible way, while obtaining comprehensive and integrated support that allows you to focus on developing your business and achieving sustainable success.
Your company in Ras Al Khaimah
In conclusion, establishing a company in the Ras Al Khaimah Free Zone represents a strategic step for many investors and entrepreneurs looking for an encouraging and flexible business environment in the heart of the United Arab Emirates. Thanks to the unique advantages it offers, such as low costs, full foreign ownership, tax exemptions, and advanced infrastructure, companies can achieve sustainable growth and prosperity in a competitive global market.
The role of Itqan Company in this journey cannot be overlooked. Thanks to its deep experience and specialized team, Itqan provides a comprehensive range of services that facilitate the process of establishing companies. From legal and business advice to choosing the right company and business type, Itqan provides unparalleled support to ensure the process runs smoothly and efficiently. Itqan contributes to saving time and effort for investors by providing customized solutions that start from preparing and submitting the required documents to paying fees and communicating with the competent authorities.
Furthermore, Itqan provides additional services that include assistance in opening bank accounts and facilitating procedures for obtaining residency visas for investors and employees. Thanks to these integrated services, startups can focus on developing their business and strategies without being concerned with complex administrative details.
The experience of establishing a company in the Ras Al Khaimah Free Zone with the help of Itqan Company confirms the importance of choosing the right partner to achieve success. The support provided by Itqan is not limited only to initial procedures, but extends to being a strategic partner that helps enhance opportunities for growth and prosperity. Thanks to this cooperation, investors can achieve their business goals in a favorable and safe investment environment, making Ras Al Khaimah one of the best investment destinations in the Middle East.
Ultimately, establishing a company is a deliberate step towards a promising business future, and relying on Itqan\\\’s experience and support is key to achieving success and prosperity in this dynamic market.
Frequently asked questions about establishing a company in the Ras Al Khaimah Free Zone
1. What types of companies can be established in the Ras Al Khaimah Free Zone?
- Limited Liability Company (LLC)
- A branch of a foreign company and a representative office
2. What documents are required to establish a company in RAKEZ?
- A copy of the passport for shareholders and directors
- A recent personal photo of both shareholders and directors
- A completed application form and signed company articles of association (for limited liability companies)
3. What are the fees associated with setting up a company in RAKEZ?
- Fees vary depending on the type of company and commercial activity.
- Fees include registration fees,
- license fees,
- and office fees (if you require office space).
4. What advantages does RAKEZ offer to investors?
- 100% foreign ownership
- Income and corporate tax exemption
- Full transfer of profits outside the Emirates
- Advanced infrastructure including offices, warehouses, and industrial lands
5. What are the basic steps to establish a company in RAKEZ?
Choosing the type of company and business activity Choosing the trade name Submitting the application and required documents Paying the fees Reviewing and approving the application Receiving the license Opening a bank account Obtaining residence visas
