RAS AL KHAIMAH FREE TRADE ZONE IS A COST-EFFECTIVE INVESTMENT DESTINATION Established in 2000, Currently, RAK FTZ is home to more than 8000 businesses originating from more than 100 countries across the world. RAK Free Zone companies engage in more than 50 kinds of industries. Investors are attracted to Ras Al Khaimah Free Trade Zone due to the low cost of living and low business expenses and costs, which allows them to enjoy more profits. RAK FTZ is also located in close proximity to Dubai.
Advantages of RAK Free Trade Zone
100% tax free in UAE (no corporate tax, no income tax, no VAT)
100% expat ownership
No local sponsor required
Discreet (RAK FTZ has a closed register and is not a signatory to any information exchange with national tax authorities unlike European or UK overseas territories)
Minimum capital is not required for the incorporation of an offshore company – the paid up capital doesn't have to be shown to the authorities
One person can set up a RAK Offshore Company as a sole shareholder, director and secretary of the company
Can be registered remotely (JAFZA Offshore requires presence of min. 2 directors).
No physical presence required in UAE
Speedy company registration in 2 working days once all documents are provided
You may open a corporate bank account in the UAE in a variety of major foreign currencies. Please note that for bank account opening, you are required to come to the UAE as deemed necessary by the Central Bank Regulation on corporate account procedures
No annual audit is required
UAE is not on the OECD 'blacklist' of tax havens nor the FATF blacklist
Types of licenses available in RAK Free Trade Zone :
Industrial License: Activities allowed: Import of raw materials, manufacturing, processing, assembling, packaging, and exporting finished products. Feasibility and environmental impact studies and clearance from RAKFTZ are required.Usually it takes around 2 -3 weeks to process this type of license.
Commercial License: Activities allowed: Import, export, distribution, consolidation, storage or warehousing of items specified on the License. Maximum limit is seven similar product lines.Usually it is issued in 2 – 3 working days.
Consulting & Service License Activities allowed: Offering consulting services in management, finance, investment, legal issues, labour relations, economics (including feasibility studies), industrial development, marketing, and related subjects. Other services include logistical support such as: restaurants or food outlets, catering services, travel agencies, leisure and social activities, insurance, cargo & freight forwarding, accounting, and audition services.Usually it is issued in 2 – 3 working days.
Commercial – General Trading License: A General Trading License can be obtained under a Commercial License, which allows for more than seven product lines.Usually it is issued in 2 – 3 working days.
Legal Entities Permitted
Free Zone Establishment (FZE)
A new business entity that is owned by one owner.
Free Zone Company (FZC)
A new business entity that is owned by 2 to 5 shareholders.
Branch of a foreign Company (BFC)
refers to a branch of a non-UAE-based company. The non-UAE-based company (parent company) should be in business operation more than one year.
Branch of a UAE Company (BLC)
refers to a branch of a UAE-based company. The UAE-based company (parent company) should be in business operation more than one year.
RAK Free Trade Zone
If you are looking to set up a company in RAK Free Trade Zone
, please get in touch with us for professional assistance