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Ras Al Khaimah Economic Zone Overview

The United Arab Emirates’ Ras Al Khaimah Free Trade Zone (Ras Al Khaimah Freezone), which was founded in 2000, is a rapidly expanding and incredibly affordable free trade zone. More than 12,000 businesses representing more than 100 nations and at least 50 industry categories call it home today. It is a pleasure to live and do business in Ras Al Khaimah. Compared to free zones in other emirates, RAK Free Zone offers a variety of advantages at reduced prices.
The Ras Al Khaimah Free Zone provides its investors with specialised support services. Due to its strategic location near rapidly developing markets in Europe, Africa, and South East Asia, Ras Al Khaimah is a great site to establish a business. An hour’s journey separates Ras Al Khaimah Freezone from Dubai. It is conveniently close to five seaports, notably Saqr Port, the biggest bulk port in the area, and an international airport.

Ras Al Khaimah Freezone Company Formation

GET FREE CONSULTATION
GETTING STARTED

SET-UP PROCESS THAT’S AS EASY AS 1, 2, 3

Step 1

CUSTOMISE YOUR PACKAGE

Step 2

SUBMIT APPLICATION & DOCUMENTS

Step 3

RECEIVE YOUR BUSINESS LICENCE

Ras Al Khaimah Freezone Company Setup

Establishing a company in the Ras Al Khaimah Economic Zone can be simple and easy as long as you follow all legal requirements and the documentation process, which can be assisted by a qualified business adviser. With the assistance of a qualified adviser, registering a business in Ras Al Khaimah Freezone can be completed even more quickly.

Benefits of Company Formation in RAK Free Zone

  • Ras Al Khaimah Freezone is one of the world’s most cost-effective free zones. Land and cost of living in Ras Al Khaimah is also very inexpensive
  • 100% foreign ownership, free from taxes (including VAT), no restrictions on foreign exchange transactions and other free zone facilities
  • Flexible and transparent laws and regulations for businesses in Ras Al Khaimah Freezone
  • Vital location for logistics and warehousing for both the UAE and the GCC markets
  • Geostrategic location with access to over 1.2 billion consumers
  • Ras Al Khaimah Freezone Industrial Park and Technology Park are nearby to a seaport and international airport
  • Remote Setup Ease: No need to be physically present, and the demand for original documents is out the window.
  • Seamless Registration and Renewal: Thanks to the user-friendly RAKEZ Portal, the whole process becomes a walk in the park.
  • Effortless Document Management: Streamline attestation, submission, and the delegation of responsibilities to employees, company shareholders, or directors – all seamlessly orchestrated through the RAKEZ Portal.
  • Hiring Made Easy: Unlock the eligibility to bring onboard a team of skilled individuals.
  • Facility Options Galore: Take your pick from a range of facilities, whether it’s a cozy co-working space, a solid physical office, a spacious warehouse, or land for potential development.
  • Guidance on Economic Substance Regulations: RAKEZ has your back, providing assistance with navigating the intricacies of the UAE Economic Substance Regulations.
  • Pathway to Residence Visas and Bank Accounts: Subject to the bank’s requirements, enjoy the eligibility to apply for UAE Residence Visas and secure a spot in a UAE Bank Account.
  • Company can own a real estate in Dubai.

Cost of Setting Up Your Company
in Ras Al Khaimah Freezone

In Ras Al Khaimah Freezone, you can register your business for as little as AED 5,499,00.
Please be aware that this pricing may change based on your company’s operations, the number of shareholders, the amount of office space you require, and other factors. Get an estimate of the setup costs for your business in the UAE’s Ras Al Khaimah Freezone.

Benefits of Investment in Ras Al Khaimah Freezone

01

100 percent foreign ownership

02

Fast and efficient business setup process

03

Wide ranging business and industrail facilities

04

Provision of built onsite staff and labour accommodation

05

One-stop shop for all government services

06

Self service client portal

07

Connectivity of major logistical hubs

09

Easy access to to markets across, MENA, Europe and Asia

Discount on Multi-Year Plans for Freezone Business Setup

15% 15% 20% 20% 25% 25% 30% 30%
    1 Year Package 1 Year Package 2 Years Package 2 Years Package 3 Years Package 3 Years Package 4 Years Package 4 Years Package 6 Years Package 6 Years Package
Facility Visa inclusion in package New Renewal New Renewal New Renewal New Renewal New Renewal
Coworking Entrepreneur 1visa 16,500 16,500 28,050 28,050 39,600 39,600 49,500 49,500 69,300 69,300
Coworking Partner 2 visas 20,000 20,000 34,000 34,000 48,000 48,000 60,000 60,000 84,000 84,000
Coworking Venture 3 visas 25,000 25,000 42,500 42,500 60,000 60,000 75,000 75,000 105,000 105,000
Coworking Enterprise 4 visas 29,000 29,000 49,300 49,300 69,600 69,600 87,000 87,000 121,800 121,800
Serviced Office A 2 visas 25,000 25,000 42,500 42,500 60,000 60,000 75,000 75,000 105,000 105,000
Serviced Office B 4 visas 34,000 34,000 57,800 57,800 81,600 81,600 102,000 102,000 142,800 142,800
Standard Office 4 visas 38,000 38,000 64,600 64,600 91,200 91,200 114,000 114,000 159,600 159,600
Executive Office 6 visa 48,000 48,000 81,600 81,600 114,100 114,100 142,350 142,350 198,850 198,850

Note: Dependent Visa @20% Discount (Entry Permit, Medical, EID, Stamping)

Get a 10% additional discount exclusively for Ras Al Khaimah residents.

Office Space Package Fees Outlined

PRODUCT NAME Serviced Office A Serviced Office B Standard Office Executive Office
PRICE 1 YEAR AED 25,000 AED 34,000 AED 38,000 AED 48,000
PRICE 2 YEAR AED 42,500 AED 57,800 AED 64,600 AED 81,600
Visa Quota 2 FREE (Lifetime) 4 FREE (Lifetime) 4 FREE (Lifetime) 6 FREE (ifetime)
RENEWAL PRICE 1 YEAR AED 25,000 AED 34,000 AED 38,000 AED 48,000
RENEWAL PRICE MULTIPLE YEAR Same as Above Same as above Same as Above Same as Above

Ras Al Khaimah Freezone Global Product

Ras Al Khaimah Freezone is rolling out a Mid-Shore Free Zone Company (melding the perks of an Offshore and Free Zone) for global investors to establish their company or relocate an overseas company to Ras Al Khaimah Freezone.

Within the special Business License Package, there’s a smorgasbord of business activities for investors to cherry-pick. You’ve got your Commercial Services, E-Commerce, Media, General Trading, and Industrial License categories, all decked out with co-working spaces, physical offices, warehouses, and lease land options.

Your company will be rooted in the Ras Al Khaimah Freezone, allowing you to appoint managers, individual shareholders, and employees to steer the ship in UAE.

Exemptions Available

  • No Physical Presence Hassle: Shareholders aren’t required to grace the UAE with their physical presence for company registration.
  • No Secretary Needed: Skip the formality of appointing a company secretary.
  • Audit Report Flexibility: The submission of the Audit Report to the Authority is contingent upon request. However, it’s a must for Industrial Licenses.

Business Package Details

Type of Facility Shared Workstation Dedicated WorkStation in Shared Office Executive Office
Annual Fee (AED) 10,535 15,035 17,035
Visa Eligibility 2 4 6

Company Closure Process in Ras Al Khaimah Freezone

Closing shop? Whether it’s a strategic decision or a necessary step, shuttering a business in Ras Al Khaimah Freezone involves a meticulous process that every investor needs to navigate. Not to worry, though – Registered Agents like Rotanabiz can kickstart the Company Closing journey in the Ras Al Khaimah Freezone.

Closing Procedures

  1. Submission of Application Form: The first dance move in this closing tango involves the submission of the company closing application form to the Ras Al Khaimah Freezone Authorities. Rotanabiz, acting on behalf of the investor, takes the lead.
  2. Declaration of Closure Reason: The owner must wear their honesty hat and provide a declaration stating the reason for the company’s closure.
  3. Notarized Letter: To initiate the process, a signed letter must be notarized and handed over to the Free Zone Licensing authority. If the owner is globe-trotting, they can notarize the letter from the UAE Embassy and send the original to the authorities.
  4. Corporate Board Resolution for Holdings: In the case of a holding company or a subsidiary, a notarized Corporate Board resolution is a must. All shareholders need to sign, and their details, along with the board resolution, must be on the table.
  5. Management Moves: Once the board resolution is polished, the General Manager takes a bow, resigns, and settles all dues with creditors, suppliers, Free Zone authorities, government bodies, banks, and the whole shebang. Employee visas? Cancelled and settled.
  6. Exit Survey: Don’t forget the exit survey – the authorized signatory must attend as part of the company closing protocol.

Clearance Checklist

But wait, there’s more! The company needs a clearance certificate from various Free Zone Departments:

  • RAK Customs: For owners of warehouses and land/plots.
  • Chamber of Commerce: If applicable.
  • Environment Protection Department: Essential for industrial license holders.
  • Telecommunications Provider (Etisalat/Du)
  • Federal Electricity and Water Authority
  • Miscellaneous Dues: Clear all other dues with the Free Zone Authority.

Final Steps

  1. Document Submission: Once all clearances are in hand, submit the required documents and the company closing application form.
  2. Payment: Pay up to kickstart the official company closing.
  3. Visa Clearance: Before you take the closing plunge, ensure all employee visas are in check. Submit the visa cancellation form to the Ras Al Khaimah Freezone Authority based on the active visas the company holds.
  4. Collect the Prize: As the grand finale, collect the Company Closing letter/Company Liquidation Certificate from the Ras Al Khaimah Freezone Authority. With this in hand, the company bids adieu to Ras Al Khaimah Freezone, officially closing its doors to any future trade or business operations.
  • BizStarter 0 VISA
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  • Zero Visa
  • 100 Foriegn Ownership
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  • Memorandum of Association
  • Flexi Desk
  • Dedicated Account Manager
  • 2 Business Activities
  • Facility Usage
  • Co-Working Printing Credits
  • Co-Working Meeting Room Access
  • –
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  • BizStarter 1 VISA
  • AED13,500
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  • Memorandum of Association
  • Flexi Desk
  • Dedicated Account Manager
  • 2 Business Activities
  • Facility Usage
  • Co-Working Printing Credits
  • Co-Working Meeting Room Access
  • –
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  • All Inclusive Free For Life 1 VISA (Life Time)
  • AED16,500
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  • Dedicated Account Manager
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  • Dedicated Account Manager
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  • All Inclusive 3 VISA (Life Time)
  • AED25,000
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  • Dedicated Account Manager
  • Upto 7 Business Activities
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  • Facility Usage
  • Co-Working Printing Credits
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  • Business Licence
  • Memorandum of Association
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  • Dedicated Account Manager
  • Upto 7 Business Activities
  • Upto 5 Share Holders
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  • Dedicated 1 Desk @ Shared Office
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  • AED34,000
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  • Dedicated Account Manager
  • Upto 7 Business Activities
  • Upto 5 Share Holders
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  • Upto 5 Share Holders
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LOCATIONS

  1. 1. RAS AL KHAIMAH BUSINESS ZONE – AL NAKHEEL

  2. 2. RAS AL KHAIMAH BUSINESS ZONE - AL HAMRA

  3. 3. RAS AL KHAIMAH ACADEMIC ZONE

  4. 4. AL HAMRA INDUSTRIAL ZONE

  5. 5. AL GHAIL INDUSTRIAL ZONE

  6. 6. AL HULAILA INDUSTRIAL ZONE

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Julphar, Al Mataf Road, Ras Al Khaimah, UAE

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    Julphar, Al Mataf Road, Ras Al Khaimah, UAE

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    +971 7 2430438

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