Establishing a company in Ras Al Khaimah Free Zone

Establishing a company in Ras Al Khaimah Free Zone is considered an important strategic step for those wishing to benefit from the thriving economic environment and modern facilities provided by the region. In this context, it is important to seek help from local companies specialized in the field of establishing companies and providing legal and consulting services, such as Itqan Company, which has a good reputation and extensive experience in this field.

Establishing the company in the Ras Al Khaimah Free Zone provides great opportunities for expansion and growth in a growing market, as the region provides advanced infrastructure, easy regulatory procedures, and attractive tax exemptions that attract investors. Through a partnership with Itqan Company, those wishing to establish a company in the Ras Al Khaimah Free Zone can benefit from its distinguished services and comprehensive support to establish and operate the company efficiently and smoothly.

If you are looking for a fruitful investment opportunity and achieving sustainable success in the UAE market, establishing a company in Ras Al Khaimah Free Zone in cooperation with Itqan Company could be the perfect choice for you.

Establishing a company in Ras Al Khaimah Free Zone

Conditions for establishing a company in the free zone in Ras Al Khaimah

Ras Al Khaimah Free Zone is considered one of the most promising areas in the UAE for establishing companies, as it offers a flexible and attractive investment environment. To establish a company in this region, investors must follow several conditions and procedures, which are represented in the following points:

• Determine the type of business activity: The investor must determine the activity that the company will undertake, such as commercial, industrial, or service activity.
• Choosing the type of license: Choosing the appropriate type of license for the specific commercial activity, such as a commercial, industrial, or service license.
• Choosing a company name: Choose a unique name for the company and register it with the Free Zone Authority, making sure that it does not conflict with the names of other registered companies.

Submit the required documents

1. Fill out the company establishment application form.
2. Provide copies of the passports of all founding partners.
3. Personal photos of partners.
4. Submit a brief business plan explaining the intended commercial activity.
5. No objection certificates if required.

• Capital: Some activities may require specifying a specific capital for the company. The capital must be deposited in a local bank account opened in the name of the company.
• Office address: Submit a lease contract or proof of ownership for an office or work space in the free zone.
• Establishment fees: Pay the necessary fees for establishment procedures and issuance of the trade license.
• Compliance with Legal Requirements: Ensure compliance with all legal and regulatory requirements of the free zone.
• Registration with government agencies: Register the company with the relevant government agencies, such as tax and social insurance departments, if required.
• Obtaining the necessary approvals: In some cases, a business may require additional approvals from government agencies or competent authorities.
  Complying with these conditions ensures that the company is established in a legal and efficient manner, enabling it to benefit from the many advantages offered by the Ras Al Khaimah Free Zone, including advanced infrastructure, government support and tax facilities.

Establishing a company in the free zone in Ras Al Khaimah

Establishing a company in the Ras Al Khaimah Free Zone is  a major attraction for entrepreneurs and investors who aspire to the multiple advantages in establishing their companies.

These advantages include:

• Income and corporate tax relief, helping to retain high corporate profits.
• 100% foreign ownership.
• Low utility fees.
• Tax exemption on imports.
• Easy leasing procedures, whether for offices or warehouses used for industrial purposes.
• Flexible laws for residency and immigration visas, whether for skilled or unskilled workers.
• Easy procedures for establishing companies.
• Issuing residence permits for investors, employees and their families.

How can you establish a company in the free zone?

Establishing companies in the free zones in Dubai is much easier than establishing a company inside Dubai, as it can be 100% owned by any nationality, and the presence of a partner or sponsor who is a citizen of the UAE is not required, as the company is registered as a free zone establishment or it is a company belonging to The free zone or a branch or representative office in the free zone in Dubai. In this case, it is possible for the main company to be outside the Emirates, and it is not required to be inside the Emirates. The companies located within the free zone are regulated through the authority responsible for the free zone, which is the one that issues any licenses to the company. This depends on the location of the free zone and the activity it carries out. The type of license issued by the responsible authority varies according to the commercial activity. A company can be established in the free zone by following some steps, including:

• Choose the company’s location
• Agreeing on the trade name, as it is the name that distinguishes one company from another.
• Obtaining the company’s business license.
• Obtaining initial approval to start work.
• Commercial license registration.
• Complete the requirements for a commercial license and obtain it.

Establishing a company in the free zone

Itqan Company is an ideal choice for investors who want to establish a company in the Ras Al Khaimah Free Zone, as it provides comprehensive services to facilitate procedures and achieve investment goals. By cooperating with Itqan, investors are able to benefit from their extensive experience in providing legal and commercial consultations, preparing the required documents, and obtaining government approvals quickly and efficiently. In addition, Itqan ensures the provision of customized solutions that meet the needs of different investors, whether in commercial, industrial or service fields. With Itqan’s support, investors can focus on growing their business and achieving success in a suitable business environment characterized by flexibility, tax exemptions and low operating costs, which enhances the opportunities for success and growth in the promising UAE market.

Obtaining a commercial license to establish a company in the free zone

Obtaining a commercial license to establish a company in the Ras Al Khaimah Free Zone is a process characterized by ease and clarity, as the free zone provides a suitable environment for establishing businesses quickly and efficiently. The process begins by determining the type of business activity and choosing the appropriate type of license, whether it is a commercial, industrial, or service license. Next, you must choose a unique name for the company and ensure that it complies with local regulations and is not similar to other company names.

After choosing the company name, the incorporation application is submitted to the Ras Al Khaimah Free Zone Authority. This requires submitting a completed application form, along with necessary documents such as passports and photographs of the founding partners, and a brief business plan outlining the activity to be undertaken. Other required documents may include no objection certificates from relevant authorities, if required.

Once the application and required documents are submitted, they are reviewed by the Free Zone Authority to verify that all requirements are met. After the application is approved, the founder must pay the necessary fees to obtain the business license. These fees vary depending on the type of activity and the size of the company.

In addition, the company must open a local bank account to facilitate financial transactions and deposit initial capital. After completing this step, the Free Zone Authority issues the official commercial license, enabling the company to start operating legally and officially.

Ras Al Khaimah Free Zone provides many advanced facilities and infrastructure to support new companies, including offices, warehouses and logistics services. Companies in the free zone also enjoy tax exemptions, full foreign ownership, and the freedom to transfer profits, making it an ideal destination for investors looking for growth and expansion opportunities in an encouraging business environment.

Establishing a company in Ras Al Khaimah Free Zone

Establishing a company in the Ras Al Khaimah Free Zone provides investors with an advanced economic environment that supports business growth. Ras Al Khaimah Free Zone offers a number of attractive advantages. Establishing a company in a free zone requires following the following steps:

1. Choosing the type of company: You must first determine the type of company you want to establish, such as a sole proprietorship or a limited liability company.
2. Choosing an economic activity: Determine the activity you want to practice with your company, and make sure that it is compatible with local regulations and laws.
3. Choosing a company name: Choose a name for your company that is consistent with local laws and does not conflict with the names of other companies.
4. Identify shareholders and shares: Identify the company’s shareholders and determine their contribution to the company’s social capital.
5. Submitting an application for incorporation: Submit a request to the competent authorities in the Ras Al Khaimah Free Zone to establish the company, by submitting the required documents.
6. Obtaining licenses and permits: After approving the establishment application, you may need to obtain the necessary licenses and permits to start work.
7. Opening a bank account: Open a bank account in the company’s name to manage the company’s financial operations.
8. Registration with tax and social authorities: Register the company with local tax and social authorities as needed.
9. Insurance: You may need employee or company property and equipment insurance.
10. Starting to work: After completing all necessary procedures, you can officially start working.

These steps depend on the current regulations and laws in Ras Al Khaimah Free Zone, and may differ slightly depending on the individual case of each company. Therefore, it is necessary to review the official regulations and consult with Itqani Company experts before starting the process of establishing the company.

Obtaining a commercial license to establish a company in the free zone

Advantages of establishing a company in Ras Al Khaimah Free Zone

Establishing a company in the Ras Al Khaimah Free Zone comes with many advantages that make it an attractive option for investors and entrepreneurs. Here are some of these features:

• Tax exemption: Companies in the free zone enjoy complete exemption from income tax and corporate tax, which enhances the company’s net profits.
• Full foreign ownership: Foreign investors can own the company 100% without the need for a local partner.
• Full transfer of profits: Companies in the free zone can transfer their entire profits and capital abroad without restrictions.
• Simplified establishment procedures: Ras Al Khaimah Free Zone features quick and simplified procedures for establishing companies, which saves time and effort.
• Advanced infrastructure: The area provides modern infrastructure that includes advanced facilities, equipped offices, and warehouses available for companies.
• Strategic location: Ras Al Khaimah enjoys a strategic location close to major markets in the Middle East, Asia and Africa, which facilitates export and import operations.
• Low operating costs: Compared to some other free zones in the UAE, Ras Al Khaimah has low operating costs, making it an economical destination for investors.
• Freedom to re-export: The free zone allows the re-export of goods without imposing additional taxes or duties.
• Diversity in economic activities: The free zone offers a wide range of economic activities that can be practiced, providing multiple opportunities for investors.
• Government support: Companies in the free zone receive strong government support, with incentive programs to encourage investment and expansion.

These features make Ras Al Khaimah Free Zone an ideal environment for establishing companies and benefiting from the promising investment opportunities in the region.

In conclusion, establishing a company in Ras Al Khaimah Free Zone represents a golden opportunity for investors and entrepreneurs who seek a flexible business environment that encourages growth. With advanced infrastructure, tax exemptions, and full foreign company ownership, RAK Free Zone provides an ideal platform for success and expansion into local and international markets. Simplified procedures and continuous support by local authorities make establishing and managing a business in this region a smooth and fruitful process. Leveraging these competitive advantages can put your company on a path to sustainable success and enhance your ability to compete in the dynamic business world. In cooperation with reliable partners such as Itqan Company, you can ensure that your company is established effectively and that you begin a successful investment journey in Ras Al Khaimah.

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