The dynamically growing business area, Ras Al Khaimah, is a desirable place for investors looking to expand their operations. It supports ex-pats from over 100 different countries. Currently, this free zone has 15000 plus firms that help diverse sectors to operate. The city also has various advantages over other free zones, such as lower rates and ease of securing a license with a straightforward business setup service. RAK is also close to the airport and five ports, which attract business people from around the world. Thus, one is highly inclined towards this part for
company setup in UAE.
Four permits are issued to entrepreneurs for their company formation, as mentioned below:
RAK Free Zone Company Formation Process
The major steps for incorporating a firm in Rakez include:
- Determining the legitimate business entity;
- Choosing a desired commercial activity;
- Deciding the name of the enterprise;
- Obtaining a Trade License;
- Applying for UAE Visa.
