A RAK Free Trade Zone Company formation is one of the favorites options for investors because of the low cost of living in Ras Al Khaimah and low business costs.
RAK Free Trade Zone was launched in 2000 and it currently harbors more than 8000 companies from many countries around the world. RAK Free Trade Zone companies engage in more than 50 kinds of industries.
Ras Al Khaimah Free Trade Zone (RAK FTZ) is located in northern part of the country. It is one of the oldest and more famous free zones in UAE. The RAK Free Trade Zone location is 50 minutes drive from Dubai. RAK emirate has an airport and a sea port and airport that provide fast logistics.
Facilities available in the RAK FTZ include flexi-offices, executive offices, core and even shell offices, warehouses and even land.
A trading license for a RAK free trade zone company allows you to import and export goods to/from the whole UAE. You can import your products in UAE and sell them to other UAE companies who will be stated as agents or distributors.
A standard trading license allows you up to 2 different product categories.
A general trading license allows you to import/export any products categories without restrictions.
You can run professional services such as consultancy, design, IT development and many others with this type of RAK free trade zone company license.
RAK Free Trade Zone has the biggest amount of listed activities and you can be sure that you will find the appropriate business activity for your company formation.
An Industrial License allows you to import raw materials, carry out the manufacturing of specified products and export the finished product.
RAK Free Zone provides land and warehouses for rent and unlike many other Free Zones, it always has available warehouses for you! Sizes start from 205 sq meters.
Each package allows a number of resident visas, you can open as many resident visas as it allows. If your RAK free trade zone company formation package allows 2 visas, it means you are allowed to open only 2 visas including owners and employees.
An UAE resident that have a Investor or a Employers visa can open visas for his dependents (like his wife, children or parents). Family visas required for the certificates that prove the relation (marriage, birth certificates…). The documents must be attested in UAE Embassy in the country of origin. It is needed to have official tenancy contract with EJARI (government’s online registration system) in order to apply for family visa. If you open visas for parents, you should have minimum a 2 bedroom apartment.
No, you do not need to visit UAE for a company formation. But if you want to apply for a visa you must have a previous UAE entry stamp on your passport.
It takes around 1-2 business days.
The RAK free trade zone company setup package include a company registration, immigration card processing and the investor’s visa processing including the Medical checkup and Emirates ID application.
No, and audit is not required for renewal.
Your business could be carried out in the whole UAE and even worldwide. You can have customers from any Emirate.
Your official office will be in RAK Free Trade Zone, but you can use any Dubai business center. Every Dubai business center can provide virtual office services and you could even rent a small space there.
You can open a bank account in UAE. You will be allowed to open a company account after receiving the license. You are also allowed to open a resident’s bank account after getting the visa.
It depends on the chosen license, you can have 2-3 visas
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