Ras Al Khaimah (RAK), one of the seven emirates of the United Arab Emirates (UAE), provides an ideal environment for business setup, offering a variety of company structures suitable for different types of businesses and investment activities. At Zest, we guide you through the process of company formation in RAK, ensuring a smooth and successful establishment of your business.
Ready to establish your company in Ras Al Khaimah? Contact Zest today for expert guidance and assistance!
RAK offers a variety of company structures to cater to different business needs:
These companies are set up in one of RAK’s free zones, designated areas with special regulations and incentives for foreign investors. Benefits include 100% foreign ownership and exemptions from certain taxes and tariffs.
Set up in RAK’s offshore jurisdiction, these companies enjoy 100% foreign ownership, tax exemptions, and confidentiality in business operations.
Established outside of RAK’s free zones and offshore jurisdiction, local companies are subject to UAE laws and must have a local sponsor (a UAE national) who holds a majority stake in the company.
Foreign companies can establish a branch office in RAK, which serves as an extension of the parent company but is legally and financially separate.
It is important to note that each type of company has its own legal and financial requirements. We recommend seeking the assistance of our experienced consultants to ensure the chosen structure is appropriate for your business and that all legal requirements are met.
Incorporating a company in RAK offers numerous advantages:
The process of company formation in RAK involves several key steps:
Select a unique company name that is not similar to existing companies.
Submit the necessary documents, including the memorandum and articles of association, to the RAK Department of Economic Development (DED).
Depending on your business type, obtain the specific license required from the DED.
All companies in RAK must register for taxes, including VAT and corporate income tax.
To commence business operations, a company must open a bank account in RAK.
Directors responsible for the company's management must be appointed by the shareholders.
Your journey to establishing a successful business in Ras Al Khaimah starts here.
Contact Zest today to schedule a consultation and discover how our expert team can assist you with the company formation process. Don’t wait—let us turn your business ambitions in RAK into reality!
Call: +971 565655805