Ras Al Khaimah Investment Authority (RAKIA) Business Setup
Ras Al Khaimah Investment Authority (RAKIA) Free Zone is a prominent free zone in the UAE, established to attract and support businesses from various sectors. Offering a strategic location, world-class infrastructure, and investor-friendly policies, RAKIA provides a conducive environment for businesses to thrive and expand.
The free zone is renowned for its cost-effective solutions and comprehensive range of services tailored to meet the needs of diverse industries. It has 2 industrial parks for investors in Al Hamra and Al Ghail. Within a span of 3-4 years, RAKIA has attracted over US$2.5 billion in investment.
If you are looking to set up a business in the UAE, Ras Al Khaimah Investment Authority Free Zone is your go-to destination for its extensive range of services and cost-effective business solutions.
Why Choose RAKIA Free Zone?
RAKIA Free Zone offers numerous advantages, with its strategic location providing easy access to regional and international markets, state-of-the-art infrastructure, and flexible licensing options. It is an ideal destination for businesses looking to establish a strong presence in the UAE.
Ras Al Khaimah Investment Authority Free Zone was established because of the rising cost of living and business establishment in Dubai. Because of its facilities and low-cost company formation solutions, RAKIA is one of the fastest-growing free zones in the UAE.
Benefits of Setting Up a Company in RAKIA Free Zone
- 100% foreign ownership
- 100% Exemption on imports and exports
- 100% repatriation of capital and profits
- 0% tax on personal & corporate income
- Affordable company formation solutions
- Multiple industrial areas
- Double Taxation Agreement (DTA)
- Asset protection
- Simple legal laws and regulations
- Prime geostrategic location
- 24/7 visa processing
- Thousands of business activities
Types of Licenses in Ras Al Khaimah Investment Authority (RAKIA) Free Zone
RAKIA Free Zone Authority offers plenty of business licenses for a variety of activities. These fall under the following categories:
- Industrial License: Suitable for businesses involved in manufacturing, production, and processing activities, providing the necessary permissions to operate industrial facilities.
- Commercial License: Ideal for trading businesses, allowing the import, export, distribution, and storage of goods.
- Professional License: For individuals and companies offering professional services such as consulting, legal, and accounting services.
- Consulting License: Designed for firms providing advisory and consultancy services across various sectors.
- Service License: For businesses offering a wide range of services, including hospitality, maintenance, and support services.
- Tourism License: Tailored for companies involved in the tourism industry, including travel agencies, tour operators, and hospitality businesses.
Best Businesses to Start in RAKIA Free Zone
RAKIA Free Zone permits a diverse array of businesses, including manufacturing, trading, logistics, consulting, professional services, tourism, and media. This flexibility allows entrepreneurs and companies from various sectors to establish and grow their operations within the free zone.
Here are some of the best businesses to set up in Ras Al Khaimah Investment Authority Free Zone:
- Trading Activities
- Construction
- Media and Publishing
- Manufacturing and Industrial
- IT and Software Development
- Education and Training
- Financial Services
- Tourism and Hospitality
- Financial Services
- Lifestyle
- E-commerce Business
- Healthcare and Medical Services
- Consulting and Professional Services
- Restaurants and Cafes
- General Trading
Facilities Offered in RAKIA Free Zone
RAKIA Free Zone offers a range of world-class facilities designed to meet the needs of businesses of all sizes and sectors. These include:
- Office Spaces: Modern and fully equipped office spaces suitable for small, medium, and large enterprises. There are various low-cost options available for entrepreneurs.
- Warehouses: High-quality warehousing facilities with flexible leasing options. This is great for companies holding in-house inventories for delivery services.
- Industrial Land: Serviced industrial land plots for manufacturing and industrial operations. You can acquire enormous land for building your factory.
- Customizable Units: Tailored solutions for businesses requiring specific setups or configurations.
- Business Centers: Fully serviced business centers providing administrative support and meeting facilities.
How to Setup a Company in Ras Al Khaimah Investment Authority (RAKIA)
Follow these steps to launch your business in the RAKIA Free Zone easily:
Choose a Business Activity
Decide on the type of business activity you want to pursue in RAKIA.
Select a Legal Structure
Choose the appropriate legal structure for your business, such as a Free Zone Establishment (FZE) or Free Zone Company (FZC).
Apply for Trade License
Submit the required documents and application form to obtain the relevant business license for your company.
Lease Office Space
Select and lease suitable office space, warehouses, or industrial land within RAKIA.
Register Your Company
Complete the company registration process by submitting all necessary documentation to the free zone authority and paying the required fees.
Receive Business License
After the approval from the Free Zone Authority, you will receive your business trade license, allowing you to operate in the free zone.
Obtain Visas
Apply for visas for yourself, shareholders, your employees, and dependents if needed.
Open a Bank Account
Open a corporate bank account in the UAE to facilitate your business transactions and start your business operations in RAKIA Free Zone.
Set Up a Company in RAKIA with Solutions FZCO
RAKIA Free Zone is a great place to bring your business dreams to reality in the UAE. The company formation process might seem daunting, but we are here to help you. Our experts cater to your business setup needs.
We have contacts and partnerships with local agencies in the UAE to ensure a smooth and hassle-free company formation experience in RAKIA Free Zone.
Contact us today to set up your company in Ras Al Khaimah and benefit from a tax-free business environment.
