Incorporation of Companies in RAKIA
The RAK Investment Authority (RAKIA) was constituted as per Emiri Decree No. (2)/ 2005, RAKIA is challenged to provide competitive incentives and unique opportunities to establish a business in a tax-free environment, full company ownership, No restrictions on hiring expatriates, exemptions from all commercial levies and repatriation of capital and profits. RAKIA has good logistic support, excellent port facilities, easy access to GCC countries, the strategic location being near to large markets.
Types of License:
In RAKIA, you can opt for an Industrial License which will allow you to take part in manufacturing, processing, assembling, packaging activities.
Trading licenses are also available and will also you to be involved with import, export, distribution, warehousing and trading (maximum 5 activities from similar product lines or 3 different activities from 2 different product lines). General Trading licenses can also be obtained, enabling all kinds of trading, import, export, warehousing and distribution of goods.
With a Commercial License, also obtainable from RAKIA, activities covering contracting, repairing, maintenance, renting, shops, restaurants can be performed.
Consulting / Services License will enable an investor to carry out any type of management, business, industrial consultancy or professional services including real estate consulting.
Finally, Media Licenses will allow for various kinds of media and communication services.