How to do a Business Setup in Ras Al Khaimah Free Zone

Introduction 

Ras Al Khaimah free zone has evolved as the prime destination for business people and entrepreneurs looking for the setup in UAE. With its strategic location, business-friendly environment, strong infrastructure, and a vast range of incentives, RAK freezone provides a distinctive platform for both international and local investors. In this blog, you will get to learn about how to do business setup in the Ras Al Khaimah free zone and the documents that are necessary in this process.

The procedure to follow for setting up a business in the Ras Al Khaimah free zone

Below we have mentioned the process of setting up a business in Ras al Khaimah:

Step 1: Determine your business activity 

The initial step to open a business in the Ras Al Khaimah free zone is to decide on what type of business activity you will have. These are described as professional, industrial, or commercial business activities.

Step 2: Decide the legal form of the business

In this step, you will determine the type of corporate entity of your business. This depends on the kind of business you are doing and how many shareholders you wish to have

Step 3: Confirm your legal structure 

You have to confirm the legal structure of your business either its freezone establishment (FZE), freezone company (FZC), representative office, or branch of a foreign company. 

Step 4: Choose the appropriate Ras al Khaimah free zone license 

Ras Al Khaimah free zone offers numerous types of licenses customized to different types of business activities such as industrial licenses for manufacturing, commercial licenses for trading, and professional licenses for service-oriented businesses. 

Step 5: Reserve your company name

For further proceeding, you need to reserve a special name for your company. The proposed name should follow the Ras Al Khaimah free zone rules and guidelines and it should not violate any existing copyrights and trademarks. Once it gets approved the reserved name is valid for a limited period, during which you can finish the incorporation formalities. 

Documents needed for Ras Al Khaimah free zone

Below we have mentioned the documents that are required for the Ras Al Khaimah economic zone.

• Filled application form
• Passport copies of  directors and shareholders
• Business plan stating your company operations and goals
• Memorandum of Association (MOA) and article of association (FZE and FZC)
• The lease agreement of your office space with RAK freezone
• No objection certificate (NOC) from your present sponsor (if applicable)
• If any other selective documents are needed based on your license type and business activity. 

Conclusion 

There are numerous best RAK free zone companies and we Arab Business Consultants are one among them. If you want to do a business setup in Ras Al Khaimah free zone then you can contact us for proper and expert guidance. We ensure that your entire business process is seamless and hassle-free. Apart from this if you also want other services like VAT registration in UAE, visa processing, local sponsorship in UAE, bank account opening, etc you must get in touch with Rakesh Khatri who is a prominent business consultant holding a team of experts and skillful people. 

Here are a few of the blogs for insightful knowledge related to our services and how we will help you out with your business growth do also visit our website Arab Business Consultant.

• Jebel Ali Free Zone
• business license in Dubai
• virtual office in Sharjah 
• VAT registration in Dubai
• PRO services in Abu Dhabi

FAQS

Q1. Can a business setup be done in the RAK-free zone?

A1. Yes, a business setup can be done here.

Q2. What is an MOA?

A2. MOA- memorandum of association it is a required document for any business setup in Dubai.

Q3. What is RAK?

A3. RAK it is the short form of Ras Al Khaimah.

Q4. How many freezone are there in RAK?

A4. There are a total of four freezone in RAK.

Q5.What are these four types of free zones in RAK?

A5. These four types of parks are: 

• Industrial park- heavy manufacturing
• Business park- office clients
• Technology park- trading and light manufacture
• Academic zone- educational institution