Company Setup in Ras Al Khaimah Mainland
Setup your company in Ras Al Khaimah Mainland and unlock your business potential
United Arab Emirates (UAE) is being viewed as a major international business center for organizations seeking to grow overseas. Setting up your business in Ras Al Khaimah Mainland provides the important advantage of connecting to emerging markets around the globe.
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Setting up your business in Ras Al Khaimah Mainland provides the important advantage of connecting to emerging markets around the globe
World-Class Infrastructure
Efficient Business Operations
State-Of-The-Art Logistics Facilities
Investor-Friendly Regulations
Low Corporate Tax
Full Repatriation of Profits
With a range of business setup options like mainland, free zone, and offshore, RAK Mainland is ready to meet the needs and objectives of potential entrepreneurs. Establishing a presence in RAK Mainland presents an opportunity to profit and also to link with one of the world’s most progressive and stable economies. No matter what local leadership’s focus is or how much international acknowledgment is attained, initiating a company in RAK Mainland is a smart move that exposes important market opportunities.
Why Setting Up Your Business in RAK Mainland is advantageous
- Easy visa process: Foreign investors find it relatively easy to obtain visas in the RAK Mainland. This facilitates the smooth process of introducing the talent you require for business growth.
- Free zones: RAK Mainland has a selection of free zones that deliver specific benefits to companies, which include 100% foreign ownership, no corporate tax, and no personal income tax.
- Highly skilled workforce: RAK Mainland has an advanced workforce, largely consisting of people who speak English.
- Strategic Location: Connecting Europe, Asia, and Africa, RAK Mainland finds itself perfectly situated for trade, tourism, and logistics. The city’s situation with respect to emerging markets offers seamless access for businesses to a vast customer audience.
- Tax Benefits: In most jurisdictions of RAK Mainland, there is a low corporate tax advantage. In addition, the absence of hurdles for the return of both profits and capital makes it a refined locale for enterprises given taxation.
- Vibrant economy: RAK Mainland has an energetic economy that is progressing at a fast speed. This presents openings for businesses to develop and enjoy success.
- Access to Global Markets: Located as a gateway for international trade, the city gives organizations a chance to grow internationally, giving businesses an opportunity to navigate different markets.
- Ease of Doing Business: The government of RAK Mainland has performed several reforms to facilitate easier company registration. When businesses have efficient and visible processes in place, entrepreneurs can rapidly focus on growth.
- Promotion of entrepreneurship: The government of RAK Mainland is engaged in actively encouraging entrepreneurship. This includes providing financial incentives, training programs, and business support services.
General Procedures for Company Setup in RAK Mainland
- Choose the Business Activity: One must choose the type of business to be carried out. The license that one would need depends on the kind of business you have, whether commercial, industrial, or professional.
- Selecting the Company Structure and Jurisdiction: Depending on the regulatory benefits and costs, you can opt to establish your company on the mainland, in a free zone, or offshore. Moreover, you can also select which type of company you want to establish, such as a Limited Liability Company, Sole Establishment, Branch Office, or a Freezone Entity.
- Register the Trade Name: Acquire a unique trade name for your company from the various licensing issuing authorities. The name must be unique and cannot be similar to the name of any other existing business.
- Apply for Initial Approval: You are required to get an acknowledgment from the government that there is no issue with your business activity or plan.
- Preparation of Legal Documents and Obtainment of Trade License: You will have to further prepare the company incorporation documents like the MOA and AOA. Further, apply for a license/permit depending on the type of business activity you are involved in.
- Lease an Office Space: The requirement for mainland companies is that they must lease an office space. Freezone companies are required to be located within the specific free zone of interest.
- Register with the Chamber of Commerce: A business person should first register their company with the RAK Mainland Chamber of Commerce and Industry to enjoy various business services and forums.
- Visa Processing: Apply for visas for yourself, your employees, and their dependents. This includes obtaining an Establishment Card, which allows companies to sponsor visas.
Mainland vs. Freezone vs. Offshore: Choosing the Right Business Structure in the UAE
Mainland Companies
Mainland companies are those registered with the Department of Economic Development (DED) in Abu Dhabi and Sharjah and the Department of Economy and Tourism (DET) in Dubai, and have the right to work throughout the RAK Mainland.
- The requirement to have a local partner or service agent as a partner has been waived.
- Mainland companies have full freedom of operation and are allowed to tender for government contracts.
- Ideal for companies that require going straight to the market in the RAK Mainland.
Freezone Companies
Freezone companies are formed in areas of free zones. There are now over 50 free zone establishments in the RAK Mainland that are industry-specific, including the DMCC, DIC, and JAFZA.
- They allow 100% foreign ownership, and the company enjoys tax holidays, no import or export duties are charged.
- Under the Freezone, it is prohibited for the companies to trade directly in the mainland of the RAK Mainland without involving a distributor.
- Popular among businesspeople who operate in the fields of import/export, selling goods online, or in a particular industry.
Offshore Companies
Offshore companies are those legal entities incorporated in specific offshore jurisdictions within the RAK Mainland.
- They cannot carry out any commercial activities within the RAK Mainland but can do so outside the RAK Mainland.
- No license is issued disclosing the names of the shareholders.
- Offshore companies provide an opportunity for their owners to have privacy as well as protection of their property and favorable tax legislation.
- Ideal for companies with little or no physical interaction with clients and seek to engage in international transactions.
Licenses Available in Abu Dhabi
- Trade License: Obtained by those people or companies who indulge in buying and selling goods.
- Industrial Licenses: These are issued to industrial companies that engage in manufacturing processes.
- Business Licenses: Awarded to companies providing services, including professionals, artisans, and craftsmen.
Documents Required for Company Setup in Abu Dhabi
- Shareholders’ information
- Passport and Visa of the shareholders
- Application form
- PDF of the business plan
- Board resolution documents
- Memorandum of Association (MOA)
- Articles of Association (AOA)
- ID proofs for the shareholders.
You get access to emerging global markets, low corporate tax, and full repatriation of profits.
Yes, foreign investors can own 100% of their company in most sectors.
Trade, Industrial, and Business licenses are available, depending on your business activity.
It typically takes a few weeks, depending on documentation and approvals.
Yes, mainland companies must lease office space to operate.
A Freezone company needs a distributor to trade in the mainland.
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