Ras Al Khaimah Investment Authority (RAKIA) was organized in 2005. Emiri Decree Number (2)/2005 was given by the late Sheik Saqr Bin Muhammad Al Qasimi, constituting the Ras Al Khaimah Investment Authority free zone. It was done to strengthen the venture climate and have the Ras Al Khaimah’s economic divisions be promoted.

Business setup in RAKIA

It is made out of two industrial parks that give investors options to choose from when conducting Ras Al Khaimah free zone business setup. Before whatever else, there are two diverse business types in the United Arab Emirates, namely free zone company and non-free zone company. This is additionally significant for businesspersons to know before they go into having a business arrangement in the United Arab Emirates. Likewise, the legal entities that are permitted Ras Al Khaimah Investment Authority free zone are the accompanying:

• Establishment for a non-free zone company
• Limited liability company (LLC)
• Free zone establishment (FZE)
• Free zone LLC (FZ LLC)
• Branch of a local or foreign company

These choices are fundamental to be known by the entrepreneurs, so they are aware of what options are open for their Ras Al Khaimah free zone business setup.

Types of licenses

• Consultancy/service
• General trading
• Commercial
• Industrial
• Media

Advantages

• 100% foreign ownership
• 100% tax exemptions
• 100% repatriation of profits and capital
• Quick and easy business setup
• Low-cost business setup

Before you start your investment in setting up a company in the Ras Al Khaimah Investment Authority free zone, it is necessary that you reach a business advisor for guidance on a business arrangement in the United Arab Emirates. About all free zone, companies in RAK and in some other UAE free zones were set up with the assistance of a business expert. When businesspersons are hoping to form an organization in Ras Al Khaimah Investment Authority free zone, it is incredible assistance that they have the right information about the Ras Al Khaimah free zone company setup cost as to set up a budget and the RAK free zone trade license to guarantee they get the right one. For more information contact us +971562181007 or send us an email at info@msz.ae