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What Types of Companies are available to be Registered in RAKIA and RAK IBC

Article image: What Types of Companies are available to be Registered in RAKIA and RAK IBC

RAKIA (Ras Al Khaimah Investment Authority) and RAK FTZ (Ras Al Khaimah Free Zone) Free Trade Zones are very popular among foreign entrepreneurs and offer attractive conditions for carrying on business:

  • zero tax rate;
  • 100% ownership of a company;
  • no need to submit financial reporting;
  • a simple registration procedure, etc.

Types of Companies Available to be Registered in RAKIA FTZ

RAKIA Free Trade Zone is located within an hour's drive from Dubai on the territory of the Emirate of Ras Al Khaimah, which is famous for its outstanding natural beauty. Al Hamra and Al Ghail industrial parks with the total area of 30 m2 are functioning on its territory. Three international airports, three seaports and two highways are located in the vicinity of the FTZ.

As of today, more than 7,5 thousand companies are registered in the RAKIA FTZ. Their main activities are in the fields of consulting, metal industry, petrochemical industry, food industry, polymer engineering, trade, power engineering, automotive industry and building materials industry.

Types of companies that can be registered in RAKIA are as follows: subsidiary, branch office, newly created company (FZ LLC or FZE).

Clarify the cost of opening company, corporate or personal bank account, obtaining a residence visa, or another question regarding business in Dubai, UAE:

Types of Companies Available to be Registered in RAK FTZ

RAK is the youngest of the UAE's free trade zones, whose offices are also located in Germany, Turkey and India. It is located on the territory of the Emirate of Ras Al Khaimah as well as the RAKIA FTZ. It consists of 4 specialized zones, and each investor can choose the most appropriate one:

  • Technology Park — trading companies and light industry enterprises;
  • Business Park — companies that have to rent an office;
  • Academic area — various educational institutions;
  • Industrial Park — heavy industry enterprises.

RAK is among the top seven free trade zones in the Middle East. The FTZ is actively developing and turning into a major investment and business centre of the Arab Emirates.

The current number of registered companies is more than 8 thousand. Their main activities are in the fields of auto rental and leasing, freight transport, consulting, education, manufacturing, advertising, repairing, trade, tourism, packaging industry, marketing, food processing, engineering services, sport.

Types of companies that can be registered in RAK FTZ are as follows: subsidiary, branch office, newly created company (FZ LLC or FZE).

Our company provides professional assistance in setting up companies in the Ras Al Khaimah FTZ. Contact us!

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