START A COMPANY IN RAK Free Zone
RAK Free Zone Business Setup : Ras Al Khaimah Economic Zone (RAKEZ) is one of the world-class business and industrial hub in UAE which offers you state of art customisable business setup solution for all kind of Industry in a cost-effective environment. Ras Al Khaimah Economic Zone(RAKEZ) is a preferred business destination of with more than 14,000 companies, from 100+ countries worldwide, with multiple industries.
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FAQ
What is RAK Free Zone, and where is it located?
RAK Free Zone is a business-friendly economic zone situated in Ras Al Khaimah, one of the emirates in the United Arab Emirates (UAE).
What types of business activities can I set up in RAK Free Zone?
RAK Free Zone offers a wide range of business activities, including trading, industrial, and professional services. You can check with the authorities for the specific activities permitted.
What are the advantages of setting up a business in RAK Free Zone?
Advantages include 100% foreign ownership, tax exemptions, modern infrastructure, and access to global markets through the UAE’s strategic location.
What is the process for obtaining a business license in RAK Free Zone?
The process typically involves choosing a business type, submitting required documents, and obtaining necessary approvals from the free zone authority.
Is it mandatory to have a physical office in RAK Free Zone?
Many business activities in the free zone require a physical office presence. However, there are options for flexi-desk and shared office facilities to meet these requirements.
What are the visa options available for business owners and employees?
RAK Free Zone offers various visa options for business owners and employees, depending on the business activity and the size of the company.
What are the annual renewal and maintenance requirements for businesses in RAK Free Zone?
Businesses are generally required to renew their licenses annually, and compliance with reporting and financial obligations is necessary.
Are there any restrictions on hiring foreign employees in RAK Free Zone?
RAK Free Zone allows businesses to hire foreign employees, but the specific regulations may vary based on the type of business activity and the number of employees.
How long does it take to set up a business in RAK Free Zone?
The timeline for business setup can vary, but it typically takes a few weeks to complete the necessary procedures.
What is the cost associated with setting up a business in RAK Free Zone?
The cost will depend on the type of business, the size of the office space required, visa requirements, and other specific factors. It’s advisable to consult with the free zone authorities for a detailed cost breakdown.
