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.

Deposit of Starting Capital

Type of Entity Industrial Commercial / Trading General / Trading Consulting / Services
Free Zone Limited Liability Company(FZ-LLC) AED 200000 Not Required Not Required Not Required
Free Zone Establishment (FZE) AED 150000 Not Required Not Required Not Required
Free Zone Branch (FZB) Not Required Not Required Not Required Not Required
Non Free Zone Limited Liability Company (LLC) AED 200000 AED 150000 AED 500000 AED 150000
Non Free Zone Establishment (IE) AED 150000 AED 100000 AED 250000 AED 100000
Non Free Zone Branch (FZB) Not Required Not Required Not Required Not Required

Leasing of a facility

Land can be leased from 12 AED to 20 AED per Square meter. Warehouses / light Industrial Units are also available from 200AED per Square meter. Office units start at 70 AED per Square meter and desk space which allows for 2 working hours per day and 1 investor visa provided starts at 5,000AED per month.

 

The required documents

Please note that we would require the following documentation to proceed with the registration of an FZE and obtain a Commercial Trading License in Ras Al Khaimah Free Trade Zone:

 

Passport copy

  • Utility Bill [within the last 3 months]
  • Bank reference letter [within the last 3 months]
  • Bank Statement – Minimum balance Dhs 100,000 (only need personal bank statements of the investor)
  • C.V.
  • Educational Qualification [only if required]
  • Business Plan View our Business Plan Template

 

Time Frame

Once we receive all the required documentation and the stipulated payment, we will prepare the registration and license applications and submit the same to RAKIA Authority for approval. Please note that it will take approximately 4 weeks to complete the entire registration procedure and obtain the relevant license from the Free Zone Authority.

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