Business setup in Ras Al Khaimah (RAK)
Starting a business in Ras Al Khaimah is easy and affordable. With low costs, tax benefits, and flexible options, it’s a great place for new businesses. Ras Al Khaimah offers a strong economy and simple setup process. Our experts help you with fast and smooth business setup in Ras Al Khaimah.
Detailed Benefits of business setup in Ras al Khaimah (RAK)
1
100% Foreign Ownership
RAK permits 100% foreign ownership in free zones, thereby giving more control to international investors.
2
No Income Tax
RAK offers tax-free benefits, enhancing profitability and appealing to global businesses.
3
Cost-Effective Setup
Lower registration and operation costs make RAK an affordable choice for new businesses.
4
Ease of Business Expansion
RAK has a streamlined setup with fast approvals, allowing quicker market entry for companies.
Business Activities for Business Setup in Ras Al Khaimah (RAK)
Trading
Manufacturing
Retail
Construction
Hospitality
Healthcare
Consultancy Services
Education
Types of legal forms in Ras Al Khaimah (RAK) Mainland
Essential Documents for Company Formation in Ras Al Khaimah (RAK)
Establishing a mainland company in RAK involves adhering to specific legal procedures, one of which is preparing the necessary documentation. Below is a comprehensive list of the essential documents required:
A clear copy of the passport is required for all business activities.
The type of visa required varies depending on the business activity:
- 2.1 UAE Residence Visa: For this type of visa, an NOC (No Objection Certificate) form is required from the current person.
- 2.2 Tourist Visa: For this type of visa, a copy of the visit visa is required.
- 2.3 Cancel Visa: For this type of visa, a copy of the canceled visa is required.
- 2.4 On Arrival Visa: This type of visa is for British people, such as those from the USA, UK, and other countries. A copy of the on-arrival visit visa is required.
- 2.5 Golden Visa: For this type of visa, no NOC is required. Only a copy of the Golden Visa is required.
- A unique company name is required as per the company government guidelines.
- The proposed company name should be checked for availability and approved by the relevant authorities.
- 3.1 Business Plan: A business plan is not mandatory for some business activities, but it is required for certain activities, such as Ministry of Health and KHDA “Dubai Health Authority” to set up any pharmacy, institute, or other related activities.
- 3.2 Goods Standard Certificate, Resume, Personal Profile, and Education Certificate:
These documents may be required for certain business activities.
- Military trade (Good Standing Certificate and Education Certificate)
- Education institute setup (Resume and Education Certificate)
- Chemical activity (Goods Standard Certificate and Personal Profile)
- Sports academy setup (Resume and Personal Profile)
- Military trade (Good Standing Certificate and Education Certificate)
Cost of Business Setup In Ras Al Khaimah (RAK)
The cost of mainland company formation in Ras Al Khaimah typically ranges from AED 25,000* to AED 40,000*. This cost varies depending on factors such as the type of business activities, office space requirements, number of visas, and other legal considerations.
Our Business Setup services In Ras Al Khaimah (RAK) include:
Pro Services in Ras Al Khaimah
This service provides professional services in Ras Al Khaimah, such as accounting and law.
Trade Licence in Ras Al Khaimah
This service provides a trade licence in RAK, which allows companies to operate their business in the mainland.
Trade Licence Issuance in Ras Al Khaimah
This service provides UAE services in RAK, such as business setup, licensing, and compliance.
Legal Documentation in Ras Al Khaimah
This document outlines the company’s constitution and defines its objectives, powers, and responsibilities.
Licence Renewal in Ras Al Khaimah
This service provides licence renewal in RAK, which allows companies to continue operating their business in RAK.
Bank Account Opening in Ras Al Khaimah
This service provides bank account opening in RAK, which allows companies to operate their business in RAK
Corporate Tax Registration in Ras Al Khaimah
This service provides corporate tax registration in RAK, which allows companies to operate their business in RAK.
VAT Registration in Ras Al Khaimah
This service provides VAT registration in RAK, which allows companies to operate their business in RAK.
Licence Liquidation in Ras Al Khaimah
This service provides licence liquidation in RAK, which allows companies to cease operating their business in RAK.
Accounting & Bookkeeping in Ras Al Khaimah
This service provides accounting and bookkeeping services in RAK, which allows companies to operate businesses in RAK.
How to start business setup in Ras al Khaimah (RAK)?
Here are the key steps to Business setup in Ras Al Khaimah
Choose Business Activity & Legal Form
Reserve Trade Name & Get Initial Approval
Draft & Notarize MOA
Choose Business Location & Tenancy Contract
Final Submission, Payment & License Issuance
Common Questions About business setup in ras al khaimah(RAK)
A business opening in RAK is necessary to fulfill the following requirements:
Choose your business activity
Choose the legal category
Registration of Trade name
Approval from relevant authorities
Business license
Some of the most common legal structures that one can incorporate within the RAK Mainland, such as
Company Limited Liability (LLC)
Joint Venture Company
Public/Private Shareholding Company
Free Zone Company
International Business Company (IBC)
Yes, non-residents can open businesses in the UAE. The government of the UAE welcomes foreign investment.
A RAKFTZ company registration fee is AED 7,000, and the annual service charge is AED 1,200.
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