How to Setup a Company in RAK?
Here are the key steps to set up a business in RAK.
Key Benefits of Business Setup In RAK
1
100% Foreign Ownership
RAK permits 100% foreign ownership in free zones, thereby giving more control to international investors.
3
No Income Tax
RAK offers tax-free benefits, enhancing profitability and appealing to global businesses.
2
Cost-Effective Setup
Lower registration and operation costs make RAK an affordable choice for new businesses.
4
Ease of Business Expansion
RAK has a streamlined setup with fast approvals, allowing quicker market entry for companies.
Frequently Asked Questions
Business opening in RAK is necessary to fulfill the following requirements:
1. Choose your business activity
2. Choose the legal category
3. Registration of Trade name
4. Approval from relevant authorities
5. Business license
Some of the most common legal structures to which one can incorporate within the RAK Mainland, such as
1. Company Limited Liability (LLC)
2. Joint Venture Company
3. Public/Private Shareholding Company
4. Free Zone Company
5. International Business Company (IBC)
Yes, non-residents can open businesses in the UAE. The government of the UAE welcomes foreign investment.
A RAKFTZ company registration fee is at AED 7,000 and the annual service charge is AED 1,200.