Business Setup in RAK Freezone
RAK Investment Authority (RAKIA) is a main business hub focused on giving a perfect business environment, administrative steadiness and solid foundation in the emirate of RAK in the UAE. The zone includes two devoted industrial parks, a consolidated region of 30-million square meters, RAKIA gives bother free business set-up, ideal office spaces and business solutions to help customers contend provincially and globally. RAKIA presents an extensive variety of arrangements and administrations, continually meeting the necessities of its customers. Attributable to the vital focal points and financial specialist situated approaches, RAKIA is home to more than 500 manufacturers and a large number of SMEs.
WHY RAKIARAKIA offers:
- Ease of doing business in UAE
- Choice to choose from free zone or non-free zone
- 100% foreign ownership in free zone companies
- 31% of world’s population
- Low cost of business set-up
- Proximity to highways, airports and seaports for easy access
- Low cost business operations
- Hassle-free access to strategic markets in the MENA Region
- 100% tax exemptions with no personal or corporate taxes
- Located at 45-minute drive from Dubai
- 100% repatriation (capital +profits)
Business types
Investors can obtain up to 100% ownership operational license under the following categories according to their lease agreement with the authority:
- Free zone establishment (FZE)
- Free zone company
- Non-free zone company
- Legal Entities
- Limited liability company (LLC)
- Free zone LLC (FZ LLC)
- Branch of a company local or foreign
Licence types
- Consultancy services
- Cubicle offices
- Trading
- Commercial
- Industrial
- Industrial land
- Media
- Executive offices
- Facilities
- Flexi facilities
- Standard offices
- Warehouses
Business centre servicesOur business center services include:
- High speed internet access
- Conference room facility
- Mail forwarding services
- Virtual office space
- Administrative assistance
- Call handling services
- fax handling services
- Business office space for executive meetings
- Dedicated business telephone number
- Coral
- Management of mail and courier
- Professional business address
- Incoming calls notification via email
- Calls forwarding
- Common P.O box number
- Incoming mail notification via email
- Pearl
- Company voice mail
- Personalized call answering
- Incoming calls notification via email
- Common fax number (incoming) & fax handling
- Diamond
- All Coral and Pearl benefits
- Workstation usage
- 2 email accounts
- Company voice mail
- 1 hour inclusive access to business lounge per month
This is the perfect financially stable solution for business owners for developing business the easy way; it’s intended for new organizations hoping to build up a successful venture in another city with an adaptable lease agreement. RAKIA gives an assortment of services to meet your financial plans and business requirements, in particular:
RAK Freezone Requirements for Business Registration
- Proof of business trade name
- Proof of preliminary approval for the business activities
- Passport Copies and other legal documents for the stakeholders and shareholders
- Passport copy and resume for the business manager
- Personal Information sheet for each shareholder & manager
- Lease agreement and documents – a physical office address for your office is obligatory in the UAE. The average rent within the free zone is around US$ 25 to US$ 45 per sq. ft. We help you find an appropriate location for your business.
- Notarized and attested power of legal representative that allows us to represent your shareholders on your business’s behalf.
- Third party authority pre approval with additional costs and professional fees.
- Other legal documents and their approval.
Additional Documents required for a corporate shareholder
- Attested and notarized articles of association from the UAE Embassy.
- Board resolution by the board of directors of the company to establish a new company setup abroad with properly attested and notarized documentation by the U.A.E Embassy.
- Certificate and license of registration for the existing company attested and notarized by the U.A.E Embassy.
ATTENTION – NOTE
The exact cost will be determined at the time of registration by the relevant authority. Our Professional fees covers comprehensive consultation sessions, preparation of legal documents in both English and Arabic, services of a service-agent as needed, supporting documents with notarization from the relevant local notary public, bank account and finance assistance, and registering with the concerned authorities on your company’s behalf.
