Company Formation in Ras Al Khaimah (RAK) Free Zone
Setting up a company in the Ras Al Khaimah (RAK) Free Zone offers a straightforward process and numerous benefits for entrepreneurs.
We have streamlined the company registration process, which helps entrepreneurs and business owners to register their companies seamlessly.
We stand out for:
- Quick and Easy Company Formation
- Remote Bank Account Assistance
- 24*7 Customer Support
Ras Al Khaimah (RAK) Free Zone Company Formation
Our simple step-by-step guide covers everything you need to know about setting up a business in the RAK Free Zone. We offer a simple and transparent registration process that lists all the documents required for an RAK Free Zone license.
Features of Ras al Khaimah(RAK) Company Setup
Transform Your Business Dreams into Reality in the RAK Free Zone with the assistance of Gryffin Capitalist.
Here are some essential features of opening a company in the Rak Free Zone.
- At least one manager/one shareholder.
- There is no need for Accounting and Bookkeeping records.
- Renewal Date - Annual Date of Company Registration.
- You do not need any paid-up capital.
- You do not need local partners.
Rak Free Zone Company License is Ideal for
- Holding Company
- Legal Consultancy
- General Trading
- Management Consultancy
- Project Management and etc.
Types of Business Entities in RAK Free Zone
RAK Free Zone offers various legal structures for companies, which provide flexibility to businesses as per requirement:
Free Zone Limited Liability Company (FZ-LLC): Requires 1 to 50 shareholders, offering limited liability protection.
Branch Office: Allows foreign companies to operate in RAKEZ while maintaining their parent company's identity.
Joint Venture Company: A partnership between local and foreign investors that is beneficial for specific projects.
Benefits of Business Setup in Ras al Khaimah (RAK)
Here are a few benefits you can expect when you choose Ras al Khaimah Free Zone Company Setup.
- 100% Foreign Ownership
- Quick and Easy Process
- Infrastructure Support
- Exempted from Import and Export duties
- 100% Repatriation of capital and profits
- Tax Incentives
- Diverse Business Activities
Process for Company Registration in RAK Freezone
Our streamlined Company registration process makes getting a RAK Free Zone license easier.
The first step in Ras al Khaimah company formation is to decide on the business activity you want to conduct.
After choosing a company name, the next step is to select the proper company structure based on your requirements.
After choosing the company structure, you must select a unique business name that is available to the UAE's concerned authorities.
Once you have selected your business activity, company structure, and business name, you must apply to the RAK Free Zone.
After submitting your application, you will receive initial approval for the RAK company formation. It will allow you to proceed further with the company registration process.
You must submit certain documents to the RAK Freezone Authority. These include a business plan, copies of passports, and other necessary paperwork.
Once RAK Free Zone reviews and approves the documents. One must pay the relevant fees and obtain a business license.
You must open a bank account in the UAE for your company and deposit the minimum required capital.
Mandatory Documents for Ras Al Khaimah (RAK) Free Zone Company Setup
- Colour Passport Copy of all Shareholders/Directors
- Visa Status Copy and Entry Stamp Copy
- Passport Size Photo
- Other Documents Depending on the Business Activity
What our clients say
Gryffin Capitalist delivers exceptional service for hassle-free UAE freezone company formation. They offer step-by-step guidance, ensuring your business is operational quickly.
Setting up a freezone company in Dubai with Gryffin Capitalist is straightforward and efficient. The team provides expert guidance, ensuring compliance with all legal requirements.
Gryffin Capitalist simplifies Sharjah freezone company formation with its expert advisors and tailored services. They handled everything from documentation to licensing efficiently.
Why Choose Gryffin Capitalist?
Company formation in the RAK Free Zone is efficient and entrepreneur-friendly, offering robust support systems and favourable conditions for businesses. By following the outlined steps and choosing the appropriate legal structure, entrepreneurs can successfully establish their presence in this dynamic economic environment
At Gryffin Capitalist, we are committed to helping you achieve your business goals. We offer customized solutions tailored to your business needs, ensuring a seamless and hassle-free experience. Contact us today to learn more about free zone packages and take the first step toward success.
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Efficient and Transparent Process
Best Freezones to choose to start your Company
Our business consultants have chosen freezones which are ideal for start-ups, business owners, and SME companies. These freezone provide a quick company registration process and a complete ecosystem for businesses.
Frequently Asked Questions (FAQs)
RAK Free Zone company formation takes around 5-6 working days.
The documents required for RAK Free Zone company formation are:
- A Passport copy
- Passport size photos
- Visa status copy/Entry stamp copy
- Auxiliary documents, depending on the business activity
These are the businesses you can start in the RAK Free Zone:
1) General Trading
2) Manufacturing
3) Logistics
4) E-commerce
5) Service industries
Costs will vary based on factors like the business structure and office space.
Yes, there are ongoing compliances. Businesses have to renew their licenses on an annual basis, then maintain the financial records and follow the local labour laws.
