Establishing a company in the Ras Al Khaimah Free Zone is considered an important strategic step for entrepreneurship and expanding commercial activity. Freedom Zones offer distinct opportunities for companies by offering a favorable operating environment and flexibility in regulations and controls, which attracts investors from various sectors. Itqan Company seeks to provide comprehensive support to its clients in establishing companies in the Ras Al Khaimah Free Zone, with a focus on making the most of the available opportunities and achieving success in the local and global market.

An important aspect to focus on when establishing a company in Ras Al Khaimah Free Zone is to take advantage of the advanced infrastructure and excellent logistics services available in the region. In addition, the Freedom Zones enjoy attractive customs and tax facilities that help reduce costs and increase competitiveness.

Establishing a company in Ras Al Khaimah Free Zone

Establishing a company in Ras Al Khaimah Free Zone

Investors must have a good understanding of the legal and administrative procedures and requirements related to establishing a company in the free zone. In this context, Itqan plays a vital role in guiding clients through this process, and providing the necessary consultations to ensure full compliance with laws and regulations.

Using its experience and specialization in the field of establishing companies, Itqan Company provides the necessary support to clients to achieve their business goals in the Ras Al Khaimah Free Zone . By providing distinguished and customized services, the company seeks to build strong partnerships with clients and support them at every stage of business growth and development.

Services and privileges provided by the free zone in Ras Al Khaimah

Ras Al Khaimah Free Trade Zone (RAK Free Trade Zone) provides many services and privileges to companies that wish to establish there. Among the common services and privileges provided by the free zone in Ras Al Khaimah are:

• Foreign Ownership: Ras Al Khaimah Free Zone allows foreign ownership of companies with 100% of the capital, allowing foreign investors to have full control over their businesses.
• Fast incorporation procedures: Ras Al Khaimah Free Zone features quick and simplified incorporation procedures, which facilitates and accelerates the process of establishing new companies.
• Licenses and Permits: Ras Al Khaimah Free Zone provides the necessary licenses and permits to practice various commercial activities.
• Advanced Infrastructure: Ras Al Khaimah Free Zone has advanced infrastructure, including logistics facilities, warehouses and integrated logistics centers.
• Tax exemptions: The Ras Al Khaimah Free Zone offers attractive tax exemptions, including no corporate income tax and no value-added tax.
• Access to the regional market: Ras Al Khaimah is strategically located that provides excellent access to the regional market and neighboring countries, facilitating trade and distribution in the region.

Legal and procedural requirements for establishing a company in the Ras Al Khaimah Free Zone

To establish a company in the Ras Al Khaimah Free Zone, there are usually a set of legal and procedural requirements that must be adhered to. Please note that this information may change, and it is important to check current regulations and legislation with the relevant authorities in the Ras Al Khaimah Free Zone. There are some general requirements that may include:

• Choosing the type of company: You must specify the type of company you want to establish, such as a local company, a joint-stock company, a limited liability company, etc.
• Company name: You must choose a name for the company and ensure that it does not conflict with the names of other existing companies in accordance with local laws.
• Articles of Association: The company’s Articles of Association must be prepared, which defines the company’s structure, objectives, and the rights and duties of shareholders and management.
• Capital: The registered capital of the company must be determined and made available in a timely manner.
• Legal power of attorney: Establishing a company may require a legal power of attorney for a person or an accredited lawyer to represent investors in legal procedures.
• Licenses and permits: The company may need to obtain licenses and permits specific to its activity, such as a business license, building permit, and health and safety licenses.

Fees and taxes associated with establishing and operating companies in the Ras Al Khaimah Free Zone

Fees and taxes associated with establishing and operating companies in the Ras Al Khaimah Free Zone

In the Ras Al Khaimah Free Zone, the government provides a range of tax incentives and financial facilities to attract investments and encourage company establishment. Below is an overview of the fees and taxes associated with establishing and operating companies in the free zone:

• Registration fees: When establishing a company, there may be registration fees that must be paid to the relevant authorities. These fees vary according to the type of company and the size of registered capital.
• Annual License Fees: The free zone may impose annual fees on companies in order to maintain their license and continue operating in the free zone.
• Corporate Taxes: Free zones in Ras Al Khaimah usually provide a favorable tax environment for companies, where taxes are usually low or completely exempt. However, there may be special taxes or fees on some company activities, such as Value Added Tax (VAT) and Customs Declarations Fees, but this depends on the type of company and its activity.
• Tax breaks: Ras Al Khaimah free zones sometimes provide tax breaks for companies, such as not charging income tax for a specific period or reducing the tax rate. These exemptions are determined in accordance with local laws and legislation.

Conditions related to operation and trade in the Ras Al Khaimah Free Zone

The Ras Al Khaimah Free Zone includes a set of conditions and requirements related to operation and trade. In order to comply with local laws and regulations, it is best to check current information with the relevant authority in the free zone. However, here are some general conditions that may apply:

• Business License: Companies must obtain a license to practice their business activity in the free zone. An application must be submitted to the responsible body, the required documents must be submitted, and the relevant fees must be paid.
• Compliance with Laws and Regulations: Businesses must comply with all local laws and regulations related to operation and trade. This includes compliance with labor, tax, environmental, safety, health and other laws.
• Health and Safety Protection: Companies must take all necessary measures to ensure the safety of workers and maintain public safety at the work site. There may be special requirements for sensitive or hazardous industries.
• Financial obligations: Companies must adhere to financial obligations related to their operation in the free zone. This may include paying annual fees, taxes, social insurance, etc.
• Recruitment and labor: Recruitment and labor may involve special requirements in the free zone. Must comply with labor laws and obtain necessary permits to employ local and foreign workers.

Investment opportunities available in the free zone in Ras Al Khaimah

Ras Al Khaimah Free Zone provides a variety of investment opportunities in several sectors. The region aims to attract local and foreign investments and provide a suitable commercial environment for business development. Below are some of the investment opportunities available:

• Manufacturing industries: Ras Al Khaimah Free Zone encourages the establishment and operation of various manufacturing industries, such as food industries, chemical industries, plastic and metal products, electronics, clothing, furniture, and others.
• Financial and banking services: The free zone provides a suitable environment for establishing banks, financial and investment companies. Investors can explore opportunities in financial services, insurance, financial investments and asset management.
• Logistics and warehousing: The free zone provides advanced infrastructure and advanced logistics facilities. Investors can benefit from opportunities in shipping, warehousing, distribution and logistics services related to ports, sea and air transport.
• Technology and Innovation: The free zone promotes innovation and technology development. Investors can explore opportunities in the IT, communications, artificial intelligence and other modern technologies sectors.
• Tourism and Hospitality: Ras Al Khaimah is a wonderful tourist destination, and the free zone provides investment opportunities in the hotels, resorts, entertainment facilities and eco-tourism sectors.

Our experience is in helping clients establish a company in Ras Al Khaimah Free Zone

In conclusion, we can say that establishing a company in the free zone in Ras Al Khaimah can be a successful investment step. The free zone provides an advanced business environment and unique advantages that make it an excellent destination for entrepreneurship and business expansion.

With the availability of modern infrastructure, advanced facilities, and distinct tax and customs privileges, companies can benefit from low operating costs and business facilities that enhance their growth and competitiveness.

In addition, the Ras Al Khaimah Free Zone provides an opportunity to benefit from a distinguished strategic location that provides easy access to regional and global markets. Businesses can benefit from the diverse economy, active trade and global networks available in the region.

Frequently asked questions about establishing a company in Ras Al Khaimah Free Zone: