Establishing a company in Ras Al Khaimah Free Zone

Ras Al Khaimah is one of the most prominent investment destinations in the United Arab Emirates, as it provides an ideal environment for establishing companies in its free zones. The Emirate of Ras Al Khaimah is known for its advanced infrastructure, flexible economic policies, and low operating costs compared to other emirates. Establishing a company in Ras Al Khaimah Free Zone provides investors with exceptional opportunities for growth and expansion in an integrated business environment that supports innovation and leadership.

One of the main advantages of establishing a company in the Ras Al Khaimah Free Zone is the attractive tax exemptions, including no taxes on income or profits, in addition to the freedom of 100% foreign ownership of companies. This, in addition to the lack of restrictions on repatriating capital and profits abroad, makes it an attractive option for international investors looking to make the most of their investments.

The procedures for establishing a company in the Ras Al Khaimah Free Zone are simple and transparent, as the incorporation process can be completed in a short time and with the help of local authorities who provide integrated support for new companies. These procedures include choosing the type of company and commercial activity, preparing the necessary legal documents, and submitting applications through the available electronic portals.

In addition, the Ras Al Khaimah Free Zone provides a stimulating work environment characterized by world-class infrastructure, including advanced logistical facilities, modern communications services, and integrated business centers. The emirate also seeks to attract investments by offering various economic incentives and specialized advisory services that help companies adapt to the local and regional market.

In short, establishing a company in the Ras Al Khaimah Free Zone is a strategic step that enables investors to benefit from the enormous economic opportunities provided by the emirate, in light of an advanced business environment that supports growth and innovation.

Establishing a company in Ras Al Khaimah Free Zone

Benefits of establishing a company in the free zone in Ras Al Khaimah

Establishing a company in Ras Al Khaimah Free Zone offers many benefits that make it an attractive destination for investors. Here are some key benefits:

1. Tax exemptions: Companies in Ras Al Khaimah Free Zone enjoy full tax exemptions on income and profits, which helps increase profitability and reduce operational costs.
2. Full Foreign Ownership: Foreigners are allowed to own 100% of companies without the need for a local partner, giving investors full control over their business and investments.
3. Ease of establishing a business: The procedures for establishing companies in the Ras Al Khaimah Free Zone are simple and quick, with the possibility of completing them in a short time, which makes it easier for investors to start their business quickly and effectively.
4. Advanced infrastructure: The free zone provides modern and advanced facilities that include excellent communications networks, high-quality logistical facilities, and integrated business centers that support all companies’ needs.
5. Freedom to transfer profits: There are no restrictions on transferring profits or capital abroad, allowing investors to easily transfer and benefit from funds freely.
6. Government incentives: The government in Ras Al Khaimah provides various economic incentives, including financial and administrative facilities, and advisory services to support companies and stimulate growth.
7. Strategic location: Ras Al Khaimah is located in a strategic location with easy access to the markets of the Gulf Cooperation Council countries, the Middle East, and North Africa, which enhances trade opportunities and regional growth.
8. Supportive business environment: The free zone provides a stimulating business environment that includes a vibrant community of diverse companies, facilitating cooperation and business partnerships.
9. No labor restrictions: Companies in the free zone can hire foreign employees with ease, with work visas provided quickly and easily.

How can you establish a company in the free zone?

To establish a company in a free zone in Dubai , the following steps are usually required:

1. Choosing the appropriate free zone: Start by identifying the free zone that suits your company’s activity, such as Jebel Ali, Jafza, or Dubai Media Production.
2. Choose the type of company: Decide what type of company you would like to create, such as a limited liability company (LLC), sole proprietorship, or partnership.
3. Submitting an application: Submit your application to establish a company to the chosen free zone authority. You may need to submit a simple business plan, a copy of your passport and a photo.
4. Obtaining a business license: After accepting the application, you will be granted a business license for your company from the free zone authority.
5. Registration in the Chamber of Commerce: Register the company with the local Chamber of Commerce to obtain a commercial number and confirm the legitimacy of the company.
6. Open a bank account: Open a bank account in the company’s name to manage financial operations efficiently.
7. Residence and work visa: If you want to reside in Dubai, you may need to obtain a residence and work visa.
8. Compliance with local laws: Ensure compliance with all local laws and legislation related to business in Dubai.

Establishing a company in the free zone

The UAE is distinguished by the fact that it has more than 40 free zones in addition to some areas that are being established. Therefore, establishing a company in a free zone is one of the difficult matters facing the investor, as it is difficult to choose between many areas. Therefore, Kaber Company, through its great experience in business management, undertakes By helping many investors choose the appropriate free zone for their commercial activity, it also helps in establishing and establishing a company in the free zone in the shortest time and at the lowest costs.

Costs of establishing a company in the free zone

The costs of establishing a company in a free zone in Ras Al Khaimah depend on several factors such as the type of company, the size of operations, and the services required. Generally, the following approximate costs include:

1. Incorporation fees: Includes company registration and establishment costs, and varies depending on the type of company (sole proprietorship, limited company, etc.).
2. License fees and annual renewals: An annual fee must be paid to maintain the commercial license, and these fees may vary depending on the company’s activity and the type of license.
3. Administrative services costs: These administrative services include stock management, accounts, and other administrative facilities that the company may need.
4. Rental costs: If a company needs an office or work space, rental costs are an essential part of the monthly costs.
5. Costs of legal and consulting services: These can include the costs of obtaining legal advice, document translation, and other consulting services that assist in the establishment and operation process.
6. Other government fees: These may include costs for obtaining work visas, visas for foreign employees, and customs duties if there are imports or exports.
7. Financial services costs: such as opening a bank account for the company, and the costs of other financial services that the company may need.

Steps to establish a company in the free zone

To establish a company in a free zone in Dubai, here are general steps that can be followed:

• Choosing the appropriate free zone: Decide which free zone suits your company’s activity, such as Jebel Ali, Jafza, or Dubai Media Production.
• Determine the type of company: Select the type of company you want to create, such as a limited liability company (LLC), sole proprietorship, or partnership.
• Submitting the application: Submit the company establishment application to the chosen free zone authority. You may need to submit a simple business plan, a copy of your passport, and a photo.
• Completing the legal procedures: After accepting the application, a business license will be issued to your company from the free zone authority.
• Company Registration: Register the company with the local Chamber of Commerce to obtain a commercial number and confirm the legitimacy of the company.
• Open a bank account: Open a bank account in the company’s name to manage financial operations efficiently.
• Residency and work visa: If you plan to live in Dubai, you may need to obtain a residence and work visa.
• Compliance with local laws and regulations: Ensure compliance with all local laws and legislation related to business in Dubai.
• Starting a business: After completing the previous steps, you can officially start doing business in the chosen free zone.

At the conclusion of this article, we find that establishing a company in a free zone in Ras Al Khaimah represents an excellent option for investors seeking to exploit the diverse economic opportunities in the emirate. The free zones in Ras Al Khaimah are characterized by an investment environment that encourages innovation and growth, supported by advanced infrastructure and large government facilities that contribute to accelerating the establishment and operation processes.

Establishing companies in a free zone in Ras Al Khaimah provides benefits such as full tax exemptions, and flexible legislation that supports businesses across various sectors, enhancing growth and expansion opportunities for startups and medium-sized companies. These companies also benefit from access to a diverse consumer market and a strategic geographic region that facilitates export and import operations.

The most important frequently asked questions about establishing a company in the free zone