Ras Al Khaimah Economic Zone (RAKEZ) is a popular choice for investors to establish their businesses, thanks to its advanced infrastructure and cutting-edge facilities. Its strategic location has made the Ras Al Khaimah Free Zone prominent due to its connectivity to Southeast Asia, Africa, and Europe. The Ras Al Khaimah Investment Authority oversees and regulates the Free Zones within RAKEZ. These zones provide numerous benefits:
- No Personal or Corporate Taxes
- 100% Foreign Ownership
- Low on Imports and Exports
- 100% Repatriation of Profits and Capital
- Easy Set-up Process
- Access to Ports and Airports
- Business-Friendly Policies and Regulations
Yuga Accounting & Tax Consultancy brings decades of expertise in assisting investors with licensing procedures, and we’re here to support you. From managing license applications to securing your visas, we’ll ensure that your business setup process is smooth and successful.
Select Your Business License
In Ras Al Khaimah Economic Zone, business licenses are classified into several categories.
01) Industrial License
For businesses involved in manufacturing, processing, or production activities, the Industrial License is your preferred choice. It enables companies to establish and operate industrial facilities within the Free Zone.
02) Commercial License
A Commercial License allows businesses to engage in trading activities within the RAK Free Zone. It covers a wide range of activities, including import, export, distribution, and storage of goods. Whether you’re a retailer, wholesaler, or involved in e-commerce, this license enables you to conduct commercial operations.
03) Consultancy/Service License
Service-oriented businesses, such as consultancy firms, IT service providers, and professional service providers, require a Consultancy/Service License. This license type allows firms to offer a wide range of services within the Free Zone and beyond.
04) General Trading License
A General Trading License permits a broader spectrum of trading activities, including the import, export, and distribution of a variety of products. It offers more flexibility for businesses trading in multiple product categories or expanding their trading activities across different sectors.
Required Documents and Steps to Obtain Your Business License in RAK Free Zone
Securing your business license in the Ras Al Khaimah Free Zone is designed to be straightforward and hassle-free. Here are the steps you need to follow to obtain your license and the documents you should include in your application:
Steps to Get Your Business License
- Choose Your Business Activity
- Gather Documents and Submit Application
- Obtain Necessary Approvals
- Register Your Trade Name
- Pay Fees and Receive License
Required Documents
- A business license application form
- Copies of the shareholder’s passport
- A reference letter from the bank
- A description of the business objectives
- A list of the proposed trade names
Free Zones in Ras Al Khaimah
Ras Al Khaimah consists of various strategic Free Zones, each providing unique benefits for specific types of businesses. Some of the Free Zones here include:
01) Ras Al Khaimah Economic Free Zone (RAKEZ)
RAKEZ is one of the UAE’s largest and most diverse free zones, offering a wide range of business activities across various sectors, including industrial, commercial, and educational.
02) RAK Investment Authority Free Zone (RAKIA)
RAKIA is one of the oldest and most established free zones in Ras Al Khaimah. It offers a wide spectrum of business activities across sectors like manufacturing, trading, logistics, and services.
03) RAK DAO
Ras Al Khaimah Digital Assets Oasis (RAK DAO) is a government-supported ecosystem that fosters the growth of blockchain and digital assets companies. Situated in UAE’s Ras Al Khaimah, it offers a transparent legislative framework to open and operate virtual assets companies with ease.
04) Ras Al Khaimah Media Free Zone
The Ras Al Khaimah Media Free Zone is the ideal destination for businesses operating in the media and creative industries. From film production to advertising agencies, this free zone provides specialized facilities and services tailored to the needs of media companies.
05) RAK Maritime City
As the only free zone in the UAE dedicated to maritime-related activities, RAK Maritime City is crucial in developing the maritime industry in Ras Al Khaimah. It offers a strategic location, modern facilities, and specialized services for shipbuilding, repair, and marine services.