Business Startup Services – RAK & UAE
Over the years, the Ras Al Khaimah Investment Authority (RAKIA) has been instrumental in attracting investors to try out the new business startup services on offer in the Emirate. Some of the key advantages that investors enjoy in RAK are the zero taxation policy that extends to income tax, personal tax, corporate taxes (including VAT), etc.
RAKIA (the Ras Al Khaimah Investment Authority) acts as a one-stop-shop for all business requirements. It provides licenses, visas and all the permits necessary. Online registration facilities are also provided to help speed up the setup process. In addition to this, the authorities have rolled out a host of services to assist and facilitate business setups in Ras Al Khaimah (RAK).
To setup a business in RAK, all investors must begin with an application for a license.
The application process starts with the finalization of whether one wishes to establish a Free Zone Company or a Non- Free Zone Company. Once then move onto the category of license under which the application is to be submitted. Sample categories include: Commercial/Trading, Consulting/ Services/Professional, General Trading, Industrial, or Media.
Here, it is important to decide upon the company structure (e.g. Branch of Local or Foreign Company, an establishment or if it is to be a Limited Liability Company), financial assistance (if required) and three preferred names for the business. List out the visas that would be required and don’t forget to include the names and number of shareholders in the company being set-up.
Having applied for a license, one can now choose from the many business setup packages made available by RAKIA (the Ras Al Khaimah Investment Authority). Important options include:
Flexi-Desk – A solution that is best suited for companies wanting to test the waters. Investors can hit the ground running, armed with this fully equipped professional office space that’s comes sans any long term lease commitments or significant capital costs.
Cubicle Offices – Best suited for those involved in advisory and consultancy practices (Lawyers, traders, etc.), the Cubicle Offices come with partitioned workspaces that are semi-enclosed to facilitate close collaboration.
Executive Offices – These are ideal for established companies that seek to employ a relatively larger workforce and choose to provide their employees with an enclosed work-space to facilitate greater productivity.
3 Simple Steps are all that it takes to successfully acquire a business setup license in Ras Al Khaimah (RAK). To know more, visit: new business startup in UAE
The Ras Al Khaimah Investment Authority (RAKIA) RAKIA issues visas to licensed companies in both the Free Zone as well as the Non-Free Zones. Visa categories include: investor visa, employment visa, & residence visa. Further information on the same can be found here: Visa Application
RAKIA Industrial Parks:
The Ras Al Khaimah Investment Authority (RAKIA) has set up Free Zone and Non-Free Zone industrial parks for the benefit of businesses seeking to engage in light, medium and heavy manufacturing activity. The infrastructure has been designed to cater to all the warehousing requirements as well. Businesses can choose between the industrial parks at Jazeera Al Hamra and Al Ghail for setting up their manufacturing units and the Jazeera Al Hamra Industrial Park for their warehousing activities. The infrastructure at both these locations is truly state-of-the-art and comes with additional advantage of having among the lowest setup costs. You can get further details on RAKIA Industrial Parks here.
Till date, over 10,000 Satisfied Investors, 5000 On-Shore Companies and 900 Industrial Units have chosen the Ras Al Khaimah Investment Authority (RAKIA) to be their partner in Success. It is time, you chose too!