Ras Al Khaimah Free Zone is an ideal destination for investors and companies looking to establish their businesses in a favorable and prosperous business environment. It offers many advantages, most notably extended tax exemptions, flexibility in establishing a company in Ras Al Khaimah Free Zone, in addition to its strategic location that connects the markets of the Middle East and Asia. Establishing a company in Ras Al Khaimah Free Zone gives companies the opportunity to expand and grow within a developed commercial and industrial environment.

The free zone is characterized by great flexibility in the establishment procedures, as foreigners can own 100% of the shares of companies without the need for a local partner. Investors in this zone also enjoy tax exemptions on profits and personal taxes, in addition to facilitating import and export procedures, making it an ideal choice for international trade, heavy industries and technology companies.

In addition, Ras Al Khaimah Free Zone provides advanced infrastructure, including business centers, storage facilities, and flexible office spaces, making it easy for companies to start their operations quickly and efficiently. The quick and simple procedures for obtaining licenses and visa-related privileges make Ras Al Khaimah an encouraging environment for investment, whether for local or international investors.

Through this article, we will discuss how to establish a company in the Ras Al Khaimah Free Zone, the most important advantages it provides, in addition to the basic steps that investors must follow to obtain their business license at the lowest costs and in the fastest time.

Establishing a company in the Ras Al Khaimah Free Zone

Establishing a company in a Ras Al Khaimah Free Zone includes specific procedures. Here are the general steps for establishing a company in a Ras Al Khaimah Free Zone:

Choosing the type of company: Select the appropriate type of company, such as a limited company, a sole proprietorship, or another form of partnership.

Choosing the company name: Choose a unique name for your company and make sure it complies with the rules for naming companies in Ras Al Khaimah.
Determining the business activity: Determine the company\’s main activity and any subsidiary activities, if any.
Determining the financial contribution: Determine the capital required for your company.
Determining partners and responsibilities: If it is a joint venture, identify the partners and distribute responsibilities.
Preparing the necessary documents: Prepare and submit the required documents such as the articles of association and the articles of association.
Submitting the application: Submit the application to establish the company to the competent authority in the Ras Al Khaimah Free Zone.
Obtaining approvals: Wait for the necessary approvals from the relevant authorities.
Signing contracts and agreements: Once approved, sign the final contracts and necessary agreements.
Obtaining licenses and permits: Make sure to obtain the necessary licenses and permits to start operating legally.
Opening a bank account: Open a commercial bank account in the name of the company.
Complying with tax obligations: Registering the company with the tax authorities and complying with the necessary tax controls and submissions.

Costs of establishing a company in the Ras Al Khaimah Free Zone

The Ras Al Khaimah Free Zone is very attractive to investors, thanks to its competitive establishment costs compared to some other areas in the Emirates. However, the costs of establishing a company in this zone depend on several factors, including the type of business activity and the size of the company.

First, the licensing fees are one of the main elements that affect the overall cost, as they vary depending on the type of license the company needs, whether it is a commercial, industrial, or professional license. Companies operating in the fields of trade or commercial services may face lower costs compared to industrial companies that require additional licenses.

Secondly, rental fees should be taken into account, as office space or logistics facilities required vary depending on the size of the business and location. The Ras Al Khaimah Free Zone offers flexible options in terms of space, allowing the most appropriate space to be determined according to the company’s needs, which in turn affects the rental cost.

It is also important to consider administrative service fees, such as visa fees, employee costs, as well as fees associated with logistics activities such as shipping and warehousing, if the company is operating in the field of trade or manufacturing.

In addition, costs may include government fees related to registering the company and submitting the required documents, such as incorporation procedures, work certificates, and other legal procedures.

Overall, although the costs of establishing a company in the Ras Al Khaimah Free Zone vary according to many factors, the region offers a favorable environment in terms of cost savings and providing economic incentives that make it a preferred destination for investors.

Our company\’s services for establishing a company in the Ras Al Khaimah Free Zone

Etqan Company provides a comprehensive range of specialized services for establishing companies in the Ras Al Khaimah Free Zone, which contributes to facilitating all business establishment procedures quickly and efficiently. Etqan Company\’s services include:

1. Legal and commercial consultations:
Etqan Company provides specialized consultations that help investors understand the requirements of the local market and commercial laws, ensuring full compliance with government regulations. These services include identifying appropriate business activities, choosing the optimal legal structure, and advising on the required licenses.

2. Submitting applications for licenses:
Etqan handles the procedures for submitting applications for the necessary licenses to establish companies in the free zone, whether it is a commercial, industrial, or professional license. It ensures the speed and ease of completing all legal procedures and required approvals.

3. Facilitating registration procedures:
Etqan facilitates the procedures for registering companies in the free zone, starting from choosing a trade name, submitting the necessary documents, and obtaining official certificates. The company aims to reduce routine procedures and save investors time and effort.

4. Ready-made Office Services:
Itqan offers ready-made office services in the free zone, which include all the basic facilities such as internet, office furniture, and logistics. This service is ideal for startups that do not want to invest time or money in setting up offices from scratch.

5. Work and Residence Visas:
Itqan handles the procedures for obtaining work and residence visas for employees, which facilitates the recruitment process for new companies. This includes providing advice on the number of visas allowed according to the type and size of the company.

6. Bank Account Opening Services:
Itqan helps companies open local or international bank accounts to facilitate the company’s financial operations. It cooperates with many banks in the UAE to provide integrated banking solutions.

In conclusion, establishing a company in the Ras Al Khaimah Free Zone is a strategic and profitable step for investors wishing to enter the UAE market. The free zone provides an ideal environment for business thanks to the economic and tax incentives it offers, such as long-term tax exemptions, the possibility of 100% foreign ownership of companies, and the ease of administrative procedures. Ras Al Khaimah’s proximity to global markets, both in the Gulf and in Asian markets, enhances opportunities for business growth and expansion.

The Ras Al Khaimah Free Zone is ideal for investors looking to benefit from advanced infrastructure and modern facilities, including air and sea ports, which facilitate export and import operations. Moreover, the free zone provides great facilities for small and medium enterprises, which contributes to attracting a large number of emerging and innovative companies.

On the other hand, companies in Ras Al Khaimah enjoy strong support from the local government, whether through legal facilities or financial incentives aimed at stimulating investment and economic growth. Therefore, establishing a company in this free zone provides a favorable environment for innovation and business expansion, and is an ideal option for those looking for a distinct investment opportunity in the UAE.

Finally, the decision to establish a company in Ras Al Khaimah is a smart move for those seeking to achieve success and sustainable growth in the UAE market, which is full of business opportunities, as the free zone provides all the necessary elements to achieve this goal.

The most important frequently asked questions about establishing a company in Ras Al Khaimah

What are the procedures for obtaining work and residence visas in Ras Al Khaimah?
Ras Al Khaimah companies provide services to provide work and residence visas for their employees. Companies in the free zone can provide visas for employees as well as for investors, depending on the requirements of the activity and the size of the company.

What services does the government provide to facilitate the establishment of companies?
The government in Ras Al Khaimah provides extensive support to investors, such as legal facilities, facilitation services, and business consulting. Many companies provide advisory services to help investors facilitate the procedures faster.

What are the business activities that can be established in Ras Al Khaimah?
Ras Al Khaimah offers a wide range of business activities, such as general trade, e-commerce, logistics, manufacturing, professional services, consulting, and technology. Investors can choose the activity that suits their business goals.

Can I establish a small business or a startup in Ras Al Khaimah?
Yes, Ras Al Khaimah is an ideal destination for small and startup companies due to the low cost and high flexibility in establishing companies. The presence of free zones also provides a favorable environment for innovation and growth.