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Establishing a business entity in one of the numerous UAE Free Zones (FTZs) can be an attractive option for foreign investors and foreign trade.

All seven Emirates already have, or are developing, such economic zones.

There are over 20,000 companies in 21 Free Zones around the UAE.

The largest Free Zones, by number of companies, are the following:

• Jebel Ali Free Zone (6,000 companies)
• Sharjah Airport International Free Zone (3,900 companies)
• Dubai Airport Free Zone (1,300 companies)
• Dubai Media City (1,200 companies)
• Dubai Internet City (1,000 companies)

The procedures for establishing a business in a Free Trade Zone are usually very straightforward and can be completed in a short space of time, especially if there are no environmental issues involved.

Individual Free Zones may have specific requirements, but general steps are:

• Questionnaire from the relevant Free Zone Authority which will assist in assessing a company’s requirements
• License application, planning documents, and a consumer request for electricity
• Provisional approval and lease agreement
• Meetings with the authority to finalize details of the project

UAE free zones, with the number of zones increasing, their impact on the uae economy has deepened.

The Jebel Ali free Zone being the first free zone in the country has created the benchmark for regulations & incentives.

Its rapid growth has also provided a powerful economic inspiration to the other emirates, which have set up their zones to attract investment.

UAE free zones main mission is to be the free zone management, consultants and advisors of choice by providing world class, technically advanced, transparent and focused business services that allow our partners and clients to thrive in the global market.

Once a legal presence has been established in UAE Free Zone, the business will need to lease premises or land and acquire an operating license from the FZA.

Different types of licenses apply in the different types of free zone, however, in general companies with trade and industrial licenses can only conduct business within the Free Zone or abroad.

To sell their products in the UAE, a UAE official agent is required.

Services and products can be obtained from and within the UAE without an agent.

Other types of license available are service licenses (e.g. banking, insurance, air shipment etc) and national industrial licenses.

For the former the services offered must be the same as those stipulated in the parent company’s license in the UAE or abroad.

The share capital of a company applying for a national industrial license must be at least 51 per cent GCC and 40 per cent of the sale value of the product must be value added.

Uae free zones offers:

• Offshore centre in Rakia
• Company formation in DIFC, DMCC, DSC, DOZ
• Company formation in Dubai technology & research park
• General trading in dubai
• Dubai studio city free zone
• Company formation in building material zone
• Nominee shareholder services required in Dubai
• Dubiotech
• Rakia offshore
• Registered Agents with Rak offshore
• Dubai design center
• Dubai energy city
• Abu Dhabi ports city
• International humanitarian city
• Dubai international academic city
• Special purpose company at DIFC
• Tecom business park
• Rak media city

The main Uae Free Zones are the following:

• United Arab Emirates Free Zones
• Jebel Ali Free Zone
• Dubai Internet City Free Zone
• Dubai Media City Free Zone
• Knowledge Village Free Zone
• Dubai Airport Free Zone
• Hamriyah Free Zone
• Sharjah Airport International Free Zone
• Ras Al khaimah FTZ
• Abu Dhabi Airport Free Zone
• Ajman Free Zone
• Fujairah Free Zone
• Dubai logistics

Among these free zones we incorporate is the Ras Al Khaimah Free Zone Company.

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It covers an area of 656 square miles (1700 km²). The Ras al khaimah uae is ruled by Sheikh Saqr Bin Mohammad Al Qasimi.

The city of Ras al Khaimah UAE, the capital of emirate, is divided into two parts by a water gill named khour ras al khaimah.

Its ferocity and beauty is seen in its traditions and scenery.

An adventurous and spell-binding place, ras al khaimah uae is considered as the ‘Wild west’ of the United Arab Emirates.

Other important districts are Al Hamraniah which is an agricultural area, containing the Ras al khaimah International Airport, the Khaat area, a tourist for treatment, and masafi district that is well known for its orchards and natural potable water.

The main advantages are the following:

• No corporate/income/export tax
• Strategically located in the Arabian Gulf and forms the gateway to most of the countries in the Middle East
• Ras Al Khaimah uae is emerging as a solid tourism destination benefiting from rising costs of rents and sales in Dubai and Abu Dhabi
• Ras Al Khaimah uae is famous for its magnificent tourist attractions, charming endless sandy beaches, evergreen expanses of land, and high graceful mountains in addition to its fine weather
• No foreign exchange controls, trade barriers or quotas
• No restrictions on capital repatriation
• Easy access to key decision makers
• Liberal labor laws

Locational Advantages:

• Well connected to major international destinations
• Lowest freight cost to Europe, Asia, Africa and America
• Ras Al Khaimah uae has its own international airport and RAK Airways
• Well-developed infrastructure facilities
• Three main Seaports, Mina Saqr, Mina Khor and Mina Al Jazira

As the emirate will never be a major oil producer, Ras al khaimah uae has instead had to concentrate on developing its industrial sector.

It started the UAE’s first cement company in the early 1970s and is now the UAE’s largest producer of cement.

In the 1980s, the emirate formed Rak Ceramics, which has become the world’s largest ceramics producer, and Julphar, the Persian Gulf region’s first pharmaceuticals company.

The Emirate of Ras al khaimah uae has an impressive archaeological heritage and a very rich history.

This area had always enticed settlers with its unique combination of all the four types of landscapes found in different parts of the United Arab Emirates: the fertile plains, the mountainous region, coastal areas and the desert environment.

Another remarkable achievement of Ras al Khaimah uae is the formation of Rakia (Ras al kahiamah investment authority).

RAKIA has formed Rak Offshore which is a true offshore facility and regularity body offering complete offshore non-resident business registration and financial services.

An offshore company is a company which does not conduct substantial business in its country of incorporation and is formulated in a law of no tax jurisdiction for the purposes of legally minimizing any type of tax payment and improving one’s wealth management.

Features and regulations of rak offshore are the following:

• The capital of the company can be any amount divided into any denomination
• The minimum number of shareholder and director is one
• All shares must be fully paid when allocated and no bearer shares or differential classes of shares are allowed. There is no requirement to deposit the capital in bank
• 100% foreign ownership permitted and 100% tax and duty exemption
• Opening corporate bank account in a bank at Dubai, UAE
• A registered agent (legal firms, auditors, consultants) is required to be appointed by the Company from the approved list of registered agents maintained by RAK free zone
• The Offshore domicile is located in the RAK free zone
• The investors need not visit the authority to incorporate the company
• Only in case of suspicion Audited financials will be requested

For your offshore incorporation in Ras al Khaimah uae, there exist many service providers offering a competitive offshore package.

Such package include services for operating your business, hiring local employees, entering into agreements, renting of office space, selling goods and company services, drafting contracts and offering investments, taxation and banking advice.

We incorporate offshore companies in Ras al khaimah.

We provide the most confidential and the most comprehensive solution available in the offshore world.

If you want more information about the Rak offshore Please fill the following form.

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The mandate of the authority is to attract quality investments in the key sectors of RAK economy such as industry, tourism and real estate.

It is located within 1 hour driving distance from Dubai (85 kms) and 30 minutes drive from Sharjah (45 kms).

The land and infrastructure costs are competitive by as much 50-60% as compared to any neighboring Emirates.

With its proximity to Dubai and good connectivity, Ras Al Khaimah is quickly developing a reputation as one of the hottest investment destinations in the region, and as a tranquil and affordable place to live and work within the UAE.

The semi-governmental body will have a legal character and would enjoy financial and managerial independence.

Ras al Khaimah Investment Authority will have the brief of proposing investment policies and supervising their implementation, assessing economic feasibility studies pertaining to investment and promoting developmental projects and investment opportunities across economic sectors within RAK.

Ras al Khaimah Investment Authority acts as one stop shop for all investor needs. Our services include offering business licenses (Free and Non-free zones), visas, industrial plots, warehouses, labour accommodation, commercial space, building permits etc.

Ras al khaimah investment authority provides all necessary infrastructure and approvals under one umbrella for all investors including partnering them for their projects in UAE.

Rak government’s vision is that Ras al Khaimah Investment Authority becomes leading authority in making sound investments in Rak and partner with others who share their vision, enabling them to achieve their objectives, at the same time creating a sustainable and growing economy.

Ras al khaimah investment authority has been able to attract close to US$ 1.2 billions of investment from all over the world, in various industry segments since inception less than 2 years ago.

These industries are diverse and strategic and are in the areas of Glass & Table ware, Float Glass sheet, Cement, DVD media factory, Renewable Energy, Pharmaceuticals, Consumable Hygienic Products, Vehicle Assembly, Hotels & Hospitality business, Health & Education, Tourism industry and many more.

Ras al khaimah investment authority is at the forefront of the Ras Al Khaimah Government’s initiatives to diversify the economy, and is responsible for promoting the development of the Industrial Zone and the Free Zone in Al Hamra, and the Industrial Park in Al Ghayl.

Since its inception two years ago, the Investment Authority has successfully attracted almost USD 2.0 billion worth of investments from all over the world, across a broad range of industrial sectors.

Setting up of the Ras al khaimah investment authority is a step towards bringing this policy to life.

The Authority will propose and implement investment policies at a macro level and at a micro level, be involved in feasibility studies, viability analysis and establishment of healthy business enterprises in tourism, manufacturing and related sectors within Ras Al Khaimah.

To further accelerate the growth of the economy through foreign investments, Ras al Khaimah Investment Authority will also set up, establish and run the 4th Free Zone in the Emirate. It will also partner investors in enterprises outside the Zone where economic imperatives demand it.

Recently Ras al Khaimah Investment Authority has formed RAK OFFSHORE which is a true offshore facility and regularity body offering complete offshore non-resident business registration and financial services.

With RAKIA’s success in attracting companies and inward investment to the emirate, plenty of opportunities for corporate services are on the horizon.

In fact RAK Offshore, an authority created in 2006 to provide the financial infrastructure needed to support increased economic activity, had registered almost 2000 companies by the end of 2008.

Our website rakcompany.net gives wide information about Rak company formation and Free Zone Company.

One of the key advantages of rak offshore is that it offers complete privacy and confidentiality.

If properly structured offshore company formation is an excellent ,tax efficient strategy for enterpreneurs to conduct their international business.

In our opinion rak offshore is the  ideal offshore jurisdiction to invest money.

Offshore company formation is an excellent, way to legitimately minimize international taxation.  It is a legitimate way to protect your asset.

Offshore company registration procedures are typically less complex than those in traditional trading jurisdictions it requires only limited information on shareholders, directors and beneficial owners. So setting up of an offshore company is quick and cost effective.

The registrar of companies is the production unit of rak offshore and is responsible for establishing business relationships, incorporating offshore companies through licensed registered agents.

We provide offshore services in Ras Al Khaimah, UAE because it is the most confidential and secure offshore location today. We offer you low cost confidential offshore services and do offshore incorporating in the fastest and most efficient manner.

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Higher rents for residential and office space, increasing traffic problems and generally more stressful working environments in the bigger emirates are all factors why living and doing business in RAK is becoming more appealing.

The UAE is a federation of seven sheikhdoms: Abu Dhabi, Ajman, Dubai, Sharjah, Fujairah, Umm Al-Quwain and Ras Al Khaimah.

These sheikdoms signed the General Maritime Treaty with the UK in 1853.

Ras Al Khaimah joined the UAE federation in 1972 as the last of the seven emirates.

The ruler of the emirate, Sheikh Saqr bin Mohammed Al Qasimi, has been in power since 1948.

Since 2002, most of the day-to-day political and economic operations are carried out by the crown prince and deputy ruler, Sheikh Saud bin Saqr Al Qasimi.

In 2005, the Ras al Khaimah government announced a new policy of political liberalization. At the end of 2006, elections were held for the half of the seats of Federal National Council, while the other half will continue to be appointed by the government.

Various local government departments have been established to execute numerous functions.

Ras al Khaimah local government departments:

• Emiri Court
• Law Court
• Land Department
• Municipality Department
• Public Works and Services Department
• Economic Department
• General Accounts Department
• Ras Al Khaimah Oil and Gas Commission
• Ports and Customs Department
• Civil Aviation Department
• Information and Tourism Department
• Ras Al Khaimah Broadcasting Corporation
• Antiques and Museums Department

Having learned from the experiences of those other emirates that had started earlier, RAK’s political leaders are better able to formulate a successful development plan.

As a member of the UAE, Ras al khaimah government has access to excellent security forces, backed by the US and increasingly by Russia.

Liberalization of the ras al khaimah government continued in 2007 as well, following the election of the country’s first legislature.

While its powers are still limited, the UAE is garnering recognition worldwide for its efforts, with RAK in particular gaining notoriety through the progress it has achieved in its enfranchisement of women.

The emirate appointed nine women to the Federal National Council in February 2007, far surpassing other governments in the region. RAK has achieved equal literacy rates for both sexes in the UAE and currently counts more women enrolled in universities than men.

The Ras Al Khaimah Government established a real estate development company “RAK Properties” as a Public Joint Stock Company to oversee the development of real estate and leisure sectors in the Emirate of Ras Al Khaimah in particular, as well as other Emirates in the UAE in general.

Ras al khaimah established Rak free zone in 2000 is one of the fastest growing and most cost effective free trade zones in the uae and today is home to some 5000 companies.

Rak free zone has numerous features. Some of them are the following:

• 100% foreign ownership
• 100% income and corporate tax exemption
• 100% Capital & Profit repatriation
• Long term renewable lease
• Strategic location with access to over 1.2 billion consumers
• Transparent laws and regulations
• Promotion centers in Dubai and Abu Dhabi
• Simple and fast application procedures
• State of the art communication facilities
• Excellent Sea port and International Air port facilities
• Easy international Access
• Abundant energy supply

Etisalat has linked the Ras Al Khaimah’s eGovernment authority with nine local government departments, including the RAK Traffic Police Department, through a high-speed data cable network.

By segregating business activities according to function, operational requirements, and the needs of the surrounding communities, RAK Free Zone has created a system of three Free Zone Parks.

The three Parks:  Technology Park, Industrial Park and Business Park are spread over three different locations within the Emirate. Moving forward, the Rak free zone is expected to see more and more companies joining in.

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