RAK Free zone

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RAK Free zone

RAK free zone is one of the popular and fastest-growing free zone among other free zones in UAE, especially for its strategic location. RAK has easy accessibility to China, India, Iran, Pakistan, and the Commonwealth of Independent States (CIS). It is an investor-friendly space with modern infrastructure and other facilities that together make it the best option for investment in UAE. RAK is also known for its proximity to the port.

The investors in RAK free zone are allowed to enjoy several incentives and facilities in forming a company there. Some of the benefits are listed below:

  • 100% ownership
  • No tax on personal or corporate income
  • 100% tax exemption on all commercial levies for import and export
  • Business-friendly environment for investors
  • Simple company formation procedures
  • No customs duty on import, export services

Procedures for business setup in RAK Free Zone

To complete the procedures for business setup in RAK Free Zone, the documents required are as follows:

  • Choose the type of legal entity
  • Choose a trade name
  • Apply for a business license
  • Choose an office space
  • Get pre-approvals
  • Register your business and get your license

Company Setup in RAK Free Zone

Setting up a business in a free zone is relatively easier. Free zone authorities require minimum paperwork and duration. In a free zone, you can set up one of the two types of companies:

• Free Zone Limited Liability Company (FZ LLC) or Free Zone Company (FZ Co.)

• Free Zone Establishment (FZE)

  1. Name Approval

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  2. Initial Approval

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  3. Memorandum of association

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  4. Get the license

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Frequently Asked Questions on Business Licenses in UAE

Emirates First offers Company formation and its related services throughout all of the freezones in UAE

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