Establishing a company in the Ras Al Khaimah Free Zone is a great gain for every investor, as Ras Al Khaimah is located at the northern tip of the Emirates with the mountainous borders of the Sultanate of Oman and is located between the Arabian Gulf in the west and the Hajar Mountains in the east. It is also 45 minutes away from the city of Dubai. It is characterized by flexibility of procedures for establishing A company in the Ras Al Khaimah Free Zone and great facilities for investors, a complete tax exemption and the freedom to fully own the founding company, in addition to a large number of advantages. We will discuss in the following lines the advantages and steps of establishing a company in the Ras Al Khaimah Free Zone.

Advantages of establishing a company in Ras Al Khaimah Free Zone

Establishing a company in Ras Al Khaimah Free Zone (RAKEZ) provides many advantages to companies and investors. Here are some of these features:

• Tax exemption: No personal income tax and corporate tax, which helps reduce operational costs and increase profitability.
• Full Foreign Ownership: Allowing 100% foreign ownership without the need for a local partner.
• Visa facilities: Facilitations in issuing visas for workers, company owners and their families, which facilitates moving and working in the region.
• Low operational costs: Low establishment and rental fees for offices and warehouses compared to other free zones in the Emirates.
• Advanced work environment: Modern infrastructure and high-quality facilities that support businesses in various sectors.
• Ease of registration and procedures: Fast and simple establishment procedures, with the ability to complete many procedures online.
• Strategic location: A distinctive geographical location that allows easy access to local, regional and international markets.
• Multiple types of licenses: The possibility of obtaining multiple types of licenses, such as commercial, service, and industrial, which suit various commercial activities.
• Integrated support services: Provides integrated support services such as legal consultations, logistics services, and information technology services.
• Diverse commercial areas: The presence of diverse commercial areas that meet the needs of different types of companies, from small and medium to large companies.
• Transfer of profits and capital: Freedom to transfer profits and capital without restrictions. These advantages make Ras Al Khaimah an attractive destination for establishing companies and investing in the UAE.

Steps to establish a company in Ras Al Khaimah Free Zone

Steps to establish a company in the Ras Al Khaimah Free Zone: It is considered one of the easiest steps to establish a company and easier than establishing a company in Dubai itself due to the advantages that the free zone enjoys. The steps are the following points:

1. Determine the type of business activity: Choose the type of business activity you would like to carry out (commercial, industrial, service, educational, media, etc.) to determine the appropriate license.

2. Choose the type of company in terms of determining the type of company you wish to establish. An appropriate name for the company is also chosen that complies with the laws and regulations in force in the Ras Al Khaimah Free Zone.

3. Submitting a company incorporation application: Fill out the company incorporation application form and submit it to RAKEZ, along with the required documents
. 4. Receiving initial approval: Waiting for initial approval from RAKEZ, which usually takes a few days.

5. Payment of fees: Payment of fees related to incorporation and licenses, including registration fees, licensing fees, and office or warehouse fees
. 6. Signing legal documents: Signing all required legal documents such as the company’s articles of association and articles of association.

7. Renting an office or warehouse: Renting an office or warehouse in the free zone, according to the type of commercial activity you carry out.

8. Receiving the license: After completing all procedures and paying the fees, you will obtain the official license that enables you to start working in the free zone.

9. Opening a bank account: Opening a bank account for the company in one of the approved banks in the Emirates to facilitate financial operations.

10. Obtaining work visas: Submit an application for work visas for employees and company owners (if necessary).

11. Starting commercial operations: After obtaining all necessary licenses and permits, you can officially begin commercial operations.

Obtaining a commercial license to establish companies in the free zone

There is a specific process for obtaining a commercial license to establish companies in the Jebel Ali Free Zone, and the following are the main steps:

• Choosing a business: Select the business activity you wish to practice and ensure that it is included among the permitted activities in Jebel Ali.
• Registration and incorporation: Register the company with the Jebel Ali Development Authority (JAFZA) and determine the company’s ownership structure.
• Applying for a commercial license: After registration, you must apply for a commercial license for your activity, and the application will be reviewed.
• Obtaining the necessary approvals: You may need to obtain additional approvals from the competent authorities depending on the nature of the activity.
• Pay the required fees: You will pay the fees specified for issuing the commercial license.
• Issuing a license: After meeting the requirements, your company’s commercial license will be issued.
  It is worth noting that there are services of our specialized consulting company available in Jebel Ali that can be used to help you complete this process easily. There are also other services such as office leasing and legal contracts available to help establish the company.

 

Itqan services for establishing a company in Ras Al Khaimah Free Zone

Itqan Company provides a range of integrated services for establishing companies in the Ras Al Khaimah Free Zone (RAKEZ). These services help investors and businessmen establish their companies easily and efficiently. Here are some of the services provided by Itqan Company:

1. Company establishment consultations: Providing comprehensive consultations on the steps and procedures for establishing companies in RAKEZ. With assistance in choosing the appropriate type of company and business activity.
2. Preparing legal documents: Preparing all legal documents required to establish the company. With assistance in drafting the company’s articles of incorporation and articles of association.
3. Choosing a company name: Providing support in choosing and registering a suitable trade name for the company. Ensure that the chosen name is compatible with local laws and regulations.
4. Submitting official applications: Assistance in filling out and submitting application forms for establishing a company.
Follow up requests with the relevant authorities to ensure the process runs smoothly.
5. Renting offices and warehouses: Providing multiple options for offices and warehouses within the Ras Al Khaimah Free Zone. Facilitating leasing operations in a way that suits the company’s needs and activities.
6. Opening a bank account: Assistance in opening a bank account for the company in one of the approved local banks. Providing support in meeting the bank’s requirements for obtaining a company account.
7. Issuing licenses: Facilitating obtaining the required commercial, industrial and service licenses. Ensuring that all legal conditions and requirements for obtaining licenses are met.
8. Visa and residency services: Assistance in issuing work and residency visas for employees and company owners. With support in obtaining family visas if necessary.
9. Accounting and Finance Services: Providing accounting and account management services to ensure compliance with financial requirements. With the preparation of financial reports and annual budgets.
10. Secretarial and administrative support services: Providing secretarial and administrative support services to facilitate daily business management. Providing integrated solutions for office management.
11. Marketing and public relations services: Providing marketing and public relations services to help promote the company’s business. With assistance in preparing marketing strategies and public relations plans. Contact us now to establish a company in the Ras Al Khaimah Free Zone in Dubai.

At the conclusion of this article, it is clear that establishing a company in the Ras Al Khaimah Free Zone provides many advantages and opportunities for investors. These free zones offer attractive incentives such as low tax rates, 100% foreign ownership, and advanced infrastructure. The establishment process itself has become easier and simpler compared to before.

With the continuous efforts of the Ras Al Khaimah Free Zone Management Authority to simplify procedures and provide encouraging incentives, the free zone constitutes an ideal destination for launching new projects. Whether you are planning to establish an industrial, commercial or professional company, you will find in Ras Al Khaimah the appropriate environment for the growth and sustainability of your business.

Frequently asked questions about establishing companies in the free zone