Ras Al Khaimah Free Trade Zone (RAK FTZ)

Ras Al Khaimah Free Trade Zone (RAK FTZ) is one of the fastest-growing and most cost-effective free trade zones in the UAE. It is located in the northern most emirate of the UAE just 45 minutes from Dubai International Airport. It is home to around 7500 + active companies. Formed in 2000, RAK FTZ was chosen as the ‘Best Emerging Free Zone’ consecutively for three years by the Middle East Logistics Awards.

With a reputation for affordability, flexibility and broad geographical reach, RAK FTZ is rapidly emerging as the preferred business hub in the region, from which investors can easily access and branch into the emerging markets. RAK FTZ lets you do business without any legal and bureaucratic barriers like taxes, quotas, red tape, etc.

Facilities available in RAK FTZ:

RAK FTZ features an excellent list of facilities for its clients. It is up to you to decide which of them best fits your business purpose:

  • State-of-the-art warehouses (in Technology and Industrial Parks)
  • Office space (Standard, Executive, Shell and Core)
  • Industrial area
  • Accommodation facility (for labourers, staff and senior members)
  • Flexi-desk

RAK FTZ allows its clients to register their business in the following four ways:

RAK FTZ issues the following types of license options for business setup.

  • As a Free Zone Establishment (FZE): Ideal for startups with just one owner
  • As a Free Zone Company: Ideal for startups with more than 2 partners (limited to 5)
  • As a Local Branch: Should be a branch-out of a parent company in the UAE that has been in operation for one year or more
  • As a Foreign Branch: Should be a branch-out of a parent company based outside UAE and that has been in operation for one year or more

RAK FTZ clients enjoy the widest range of facilities and value added services, and benefit from key advantages such as:

  • 100% tax exemption
  • 100% foreign ownership
  • Transparent laws and regulations
  • No restrictions on capital and profit repatriation
  • Easy registration
  • Strategic location, with proximity to Dubai
  • Personalised support
  • Exposure to 2 billion plus potential customers
  • Access to big clients
  • State-of-the art communication facilities
  • Easy access to Ras Al Khaimah’s airport and sea ports

Licenses issued by the RAK FTZ

RAK FTZ requires the companies in its jurisdiction to obtain trade or business license before undertaking any activity, whether commercial, industrial or service. The license issued by RAK FTZ is subject to yearly renewal, for which the company should submit their audit reports.

RAK FTZ Offers Four Types of Business Licenses:

RAK FTZ issues the following types of license options for business setup.

  • Commercial License: Issued for activities such as export/import and warehousing/distribution. Usually it is issued in 2 – 3 working days.
  • General Trading License: Issued for activities such as export/import and warehousing/distribution. Usually it is issued in 2 – 3 working days.
  • Consultancy/Services License: Issued for all kinds of services-related activities such as logistics, management, etc. Usually it is issued in 2 – 3 working days.
  • Industrial License: Issued for activities such as manufacturing, import of unfinished goods and export of finished goods, assembling, packaging, etc. Usually it takes around 2 -3 weeks to process this type of license.

Applicants should be aware of the following points when applying for a business license:

Every company operating within RAK FTZ is required to obtain a business license. A business license (also known as a trade license) is a time-limited permit granted to a company to undertake commercial, consulting or industrial activities within the free zone. Companies licensed by RAK FTZ are not authorized to do business in the UAE market - a local agent or distributor has to be specially appointed for carrying out business activities in the UAE market.

Each license is valid for one year, starting from the date of issue, and must be renewed annually. Submission of audit reports is a mandatory requirement for business license renewal.

All rates are subject to periodic revisions, and the licensed companies will be informed of such revisions at the time of business license renewal.

Document Requirements for Company Registration:

  • Certificate of Incorporation/Formation.
  • Application form (applicable to Free Zone Company/Establishment only).
  • Brief project description.
  • Bank letter to open an account in the name of the company.
  • Passport copies
  • Bank references
  • List of Trade Names, Declaration & Letter of Intent.
  • Personal Bank Statement to be submitted for any one of the Individual Shareholders, amounting to AED 100,000.
  • No Objection Letter from the sponsor to set up business at the RAK Free Trade Zone (Only for UAE resident).
  • Copy of Degree Certificate (Management Degree) of the Manager along with Translation of the same. (Academic qualifications and professional experience in the particular field will be required for Consulting & Services License).

A bank letter confirming that the specified amount of capital has been deposited (applicable to Free Zone Company/Establishment only) is required.

For Branches, it is not mandatory to deposit capital in the company account - RAK Free Trade Zone will issue the license once payment has been processed.

All new Free Zone Company/Establishment applicants should open a bank account within 90 days of the Certificate of Incorporation/Formation to avoid paying a penalty to revalidate the Certificate of Incorporation/Formation.

RAK FTZ gives you the flexibility to choose the most advantageous location for your business. The four major locations are:

  • Business Park
  • Industrial Park
  • Technology Park
  • Al Ghail Park

Business Park:

Features:

  • Located at the commercial centre of the city, adjacent to Al Manar Mall and RAK Exhibition Centre
  • Can set up offices at the RAK Business Centre
  • Provision for full-furnished modern offices, operational offices, flexi-desks, etc
  • Qick access to ports at Saqr and Dubai and Sharjah
  • Etisalat-powered telecommunication facility
  • Warehousing
  • Staff accommodation facility

Industrial Park

Features:

  • Located on RAK’s coastal belt, close to Hulyalah Island
  • Very close to port Saqr (just 6 KM away)
  • Most suitable for warehousing and heavy industries
  • Offers plots of varying sizes with water supply, power supply and telecommunication facility
  • On-site staff accommodation
  • Support center

Technology Park

Features:

  • Rests on a 100-hectre land in the South of Ras Al Khaimah
  • Near to Ras Al Khaimah Airport and Dubai
  • Staff accommodation facility
  • Provision for full-furnished modern offices, operational offices, flexi-desks, shell and core facilities

Al Ghail Park

Features:

  • Set in a 400-hectre land, near to Sharjah and Fujairah Suitable for companies of all sizes
  • Offers plots of varying sizes

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Testimonials View All »

Jamilya S.
Director, Eastchem Limited Company.
" We were new to UAE, and we did not get a good feedback from many of the consultants "

Specialized in COMPANY FORMATIONS

Officially appointed as Registered Agents for Dubai Airport Free Zone Authority (DAFZA), RAK International Companies (RAKIC), RAK Free Trade Zone (RAKFTZ) Fujairah Free Zone Authority (FFZA), Fujairah Creative City (FCC), RAK Offshore Companies (RAKIA).

Promotional agents for RAK Free Trade Zone, Licensed in Dubai, Fujairah and Ras Al Khaimah

tel: +971-4-304-2600  +971-4-372-1181  +971-4-372-1184
After office hours & on holidays: +971-4-3721189
fax: +971-4-372-1182 +971-4-304-2601

Our offices are open from:

8:30am to 4:30pm, Sunday to Thursday in Dubai, 8:00am to 3:30pm, Sunday to Thursday in Fujairah