Ras Al Khaimah Media City Free Zone Business Set Up | RAK Media City
Ras Al Khaimah Media City Free Zone, located in Ras Al Khaimah, is a thriving hub for media, entertainment, and creative industries. RAK Media City was launched in 2006, as a competition to Dubai Media City.
Established to support and nurture media-related businesses, the free zone offers a comprehensive range of services and facilities, ensuring a conducive environment for growth and innovation. Its strategic location, modern infrastructure, and business-friendly policies make it an ideal choice for media professionals and companies.
If you are looking to set up your dream media business in the UAE, RAK Media Free Zone could be your go-to destination for its extensive range of incentives for businesses and world-class facilities.
Why Set Up a Business in RAK Media City Free Zone?
RAK Media City Free Zone offers numerous advantages, including 100% foreign ownership, tax exemptions, and easy access to regional and international markets. The free zone provides a streamlined company setup process, state-of-the-art facilities, and a supportive regulatory environment, making it an attractive destination for media and creative businesses.
Ras Al Khaimah Media City is one of the fastest-growing free zones in the Middle East and an ideal destination for media-oriented companies. It has a leading commercial hub with a vibrant community and a growing business culture.
Benefits of Setting Up a Company in RAK Media City Free Zone
- 100% foreign ownership
- 0% tax on personal & corporate income
- 100% repatriation of capital and profits
- Zero duties on imports and exports
- Speedy immigration process
- No currency restrictions
- Strategic location
- Fast registration procedure
- State-of-the-art infrastructure
- Close to airports and seaports
- Transparent laws and regulations
- Modern real estate facilities
Types of Licenses in RAK Media City Free Zone
Ras Al Khaimah Media Free Zone is a central hub for media-related businesses. However, the business activity in the region is not limited to the media industry. Here are some of the licenses offered by RAK Media City Free Zone Authority:
- Commercial License: Ideal for businesses engaged in trading activities, allowing the import, export, distribution, and storage of goods.
- E-commerce License: For online businesses, enabling them to operate digital platforms and provide electronic services.
- General Trading License: Allows businesses to trade in a wide variety of goods, providing flexibility to operate in multiple sectors.
- Media License: Perfect for media-related activities such as advertising, publishing, broadcasting, and production.
- Dual License: Enables businesses to operate both within the free zone and onshore, offering greater flexibility and market reach.
- Service License: For companies providing professional services, such as consulting, legal, accounting, and other specialized services.
- Freelance License: For individual professionals and freelancers offering their services in various creative and media fields.
Business Activities Permitted in RAK Media City Free Zone
RAK Media City supports various kinds of business activities, not particularly limited to media. This diversity allows entrepreneurs from different media sectors to establish and grow their businesses within the free zone.
Here are some of the best businesses to set up in Ras Al Khaimah Media Free Zone:
- Media
- Publishing
- Broadcasting
- Film Production
- Media and Marketing Services
- Music and Entertainment
- Business and Information Services
- News Media
- Consultancy Services
- Restaurants
- Medical Clinics
- Beauty Salons
- Banking Services
- Event Management
- Tourism and Travel
- Insurance Service Provider
- Hospitality
Legal Entities in RAK Media City Free Zone
As one of the fastest-growing free zones in the UAE, RAK Media Free Zone houses various kinds of businesses. Here are four major types of legal business entities that you can set up in RAK Media City:
- Branch of a Local Company: A legal entity that operates as an extension of an existing local company, benefiting from the parent company’s reputation and resources.
- Branch of a Foreign Company: An extension of an overseas company, allowing it to establish a presence in the UAE while maintaining ties to its home country.
- Free Zone Company (FZC): A limited liability company with multiple shareholders, suitable for medium to large businesses looking for a flexible and secure business structure.
- Free Zone Establishment (FZE): A limited liability company with a single shareholder, ideal for individual entrepreneurs or small businesses.
How to Setup a Company in Ras Al Khaimah Media Free Zone [Steps]
Follow these steps to launch your business in Ras Al Khaimah Media City easily:
Choose a Business Activity
Select the type of business activity you want to pursue in RAK Media City. It could be media-related or any other permitted business activity.
Select a Legal Entity
Decide on the appropriate legal structure for your business, such as a Free Zone Establishment (FZE), Free Zone Company (FZC), or a branch office.
Apply for a License
Submit the required documents and application form to obtain the relevant business license from the free zone authority.
Lease Office Space
Choose and lease suitable office space or warehouse facilities within RAK Media City.
Register Your Company
Complete the company registration process by submitting all necessary documentation and paying the required fees.
Receive Your Business License
After the approval from the RAK Media City Authority, you will receive your business trade license, allowing you to operate in the free zone.
Apply for Visas
Apply for visas for yourself, your employees, and dependents if necessary.
Open a Corporate Bank Account
Open a corporate bank account in the UAE to facilitate your business transactions.
Start Your Operations
Once all formalities are completed, you can commence your business activities.
Set Up a Company in RAK Media City with Solutions FZCO
Solutions FZCO offers comprehensive support for setting up your business in RAK Media City Free Zone. Our team of professionals guides you through the entire process, from choosing the right business activity and license to handling documentation and registration.
With our local contacts with the authorities in the UAE, we make sure your company formation process is fast and smooth as we help expedite licenses and approvals.
Let us help you leverage the benefits of RAK Media City Free Zone and successfully establish your media business.
