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RAK Investment Authority Business Setup - Setup Zone

RAK INVESTMENT AUTHORITY

 

Established in 2005, as per Emiri Decree No. 2, RAK Investment Authority (RAKIA) focuses on providing competitive and attractive opportunities to set up a business. Among the Free Zone’s highly advantageous characteristics are a 100% income and tax free environment, full capital and profit repatriation, 100% company ownership, exemptions from all commercial levies and no restrictions on hiring expatriates. Furthermore, RAKIA enjoys a strong logistic support and a strategic geographical location, with easy access to five ports and three airports, hence to other GCG countries and growing markets.

 

RAKIA offers industrial and business investors the benefit of smooth set up of their operations in a dynamic and synergistic environment.

RAK Investment Authority (RAKIA) is a leading business destination committed to providing a pro-business environment, regulatory stability and robust infrastructure in the emirate of RAK in the UAE. Comprised of two dedicated industrial parks, a combined area of 30-million square meters, RAKIA provides hassle-free business set-up, state-of-the-art facilities and economical solutions to help clients compete regionally and globally.

 

Setup Zone can assist in setting up business in RAKIA. We can aid in all types of company registrations out here, we make it easy for you to start your company. The incorporation of a free zone business is not always straight-forward or easy task. Setup Zone specializes in taking care of the legal and document clearing side of the process.

 

 


RAKIA presents a wide range of solutions and services, adhering to constantly meeting the requirements of its clients. Owing to the strategic advantages and investor-oriented policies, RAKIA is home to over 500 manufacturers and thousands of SMEs. These advantages include:

 

Choice of free zone or non-free zone 45-minute drive from Dubai
Low cost of business set-up and operations Ease of doing business
Easy access to strategic markets in the MENA Region 100% tax exemptions (no corporate or personal taxes)
31% of world’s population in 4-hour flying radius 100% foreign ownership in free zone companies
Proximity to express highways, seaports and airports 100% repatriation of capital and profits

 

License Types

 

  • Industrial License


    For manufacturing, processing, assembling or packaging activities

  • Trading License


    For import/export, distribution, warehousing and trading (select from three different activities or five similar activities to conduct business)

  • General Trading License


    For trading, import, export, warehousing and distribution of goods (ability to do business from a varied range and number of activities)

  • Commercial License


    For activities covering contracting, repairing, maintenance, renting, retail shops and restaurants

  • Consulting/Services License


    For any type of management, business, industrial consultancy or professional services including real estate consulting.

  • Media License


    For various media and communication services.

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