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Ras Al Khaimah Investment Authority (RAKIA) Free Zone

 

To develop an investment climate and promote Ras al-Khaimah’s economic sector, Ras Al Khaimah Investment Authority (RAKIA) Free Zone was founded in 2015. It is composed of 2 industrial parks for investors to choose from while setting up a business in the free zone. RAKIA free zone provides great support to its investors and ensures smooth and hassle-free business setup at a very low cost, thus helping companies to thrive in the region and beyond. Its vision to build a diverse economy that enjoys strong and sustainable growth by attracting foreign investment is what makes RAKIA one of the best free zones in the UAE. Also, given the strategic geographical location at the crossroads between the east and the west, excellent infrastructure, strong support from the government, and, not to forget, the unmatched natural beauty, it is no surprise that RAKIA has emerged as a destination of choice for investors and leisure travelers alike.

Types of Company Setup in RAKIA

1. Free Zone Establishment (FZE)

This type of business is allowed for just 1 shareholder. The owner can be an individual or an already established company in the UAE or abroad.

2. Free Zone Company (FZC)

This type of business accommodates multiple shareholders. A free zone company can have 2 to 5 shareholders.

3. Limited Liability Company (LLC)

In this type of business, the members of the company cannot be held personally liable for the company’s debts or liabilities.

4. Non-Free Zone Branch

Types of Licenses for Company Setup in RAKIA

  • - Industrial License
  • - Commercial License
  • - Trading License
  • - General Trading License
  • - Service/Consulting License
  • - Media License

Facilities for Business Setup in RAKIA

1. Industrial Land

RAK Investment Authority free zone provides land on long-term lease for industrial ventures in its 2 industrial parks in Al Hamra and Al Ghail in Ras Al Khaimah, the major advantages being international airport and sea-port located within an hour’s drive, and proximity to national highways for easy connectivity with other emirates and neighboring GCC countries.

2. Warehouses

For the benefit of companies engaged in trading, warehousing, assembling, packaging, and light manufacturing activities, RAK Investment Authority free zone offers warehouses in its free zone and non-free zone. It includes security, drainage, and fire alarm system, car parking, and staff residency within industrial parks.

3. Offices

Offices in RAKIA are of the following types:

  • Executive Offices: Executive offices are ideal for businesses with firm long-term plans for the region. Branch offices, manufacturing units, and services entities with considerable staff strength can benefit from the finest office spaces at competitive rates. Offices in RAKIA are of various sizes (medium or large), depending on the needs of the client.
  • Standard Offices: Standard offices are best suited for small businesses looking to start a venture in the region with a minimum capital investment.
  • Cubical Offices: Cubical offices are unfurnished partitioned office spaces suitable for small companies, providing a more exclusive work environment.
  • Flexi-Desk: RAKIA offers shared workstations for the benefit of start-ups or companies looking to test the market.

The facilities and advantages provided by RAKIA are enough for you to set up a business in this free zone. The authority enables investors to enjoy a simplified journey of success.

Contact us to set up your business in Ras Al Khaimah Investment Authority (RAKIA), our team will be glad to assist you!

For more information and enquiries, please (Contact Us) at  00971558879700 or email us at info@sterlingheightsuae.com

   

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