Business Setup In Ras Al Khaimah Investment Authority (RAKIA)

Business Formation in RAK Investment Authority (RAKIA)

Ras Al Khaimah Investment Authority (RAKIA) was founded in 2005. Emiri Decree No. (2)/2005 was issued by the late Sheikh Saqr Bin Muhammad Al Qasimi, constituting RAKIA free zone. It was done to reinforce the investment climate and have the RAK’s economic sectors be promoted.

It is composed of two industrial parks that give investors choices to choose from when conducting RAK free zone business setup.Before anything else, there are two different business types in the UAE, namely free zone company and non-free zone company. This is also important for businessmen to know before they go into having a business setup in UAE. Also, the legal entities that are allowed RAKIA free zone are the following: establishment for a non-free zone company, limited liability company (LLC), free zone establishment (FZE), free zone LLC (FZ LLC), and branch of a local or foreign company. These alternatives are essential to be known by the business owners so they are aware what choices are open for their RAK free zone business setup.

The license types should also be noted as follows: consultancy/service, trading/general trading, commercial, industrial, and media. To accommodate the needs of the investors and the requirements of their businesses, RAK free zone company formation is made easy and comfortable with the flexible facilities, cubicle offices, standard offices, executive offices, conference room facility, mail forwarding services, and a business lounge for networking and executive meetings. Aside from these, there is also a RAK free zone virtual office that is available for any businessman who needs it.

RAK free zone business setup, like any other UAE free zones, has its own procedures that should be followed for an orderly processing of company formation in UAE. Before you start your venture on setting up a company in RAKIA free zone, it is imperative that you reach a business consultant for further advice on business setup in UAE. Almost all free zone companies in Ras Al Khaimah and in any other UAE free zones were established with the help of a business consultant. In this regard, it is not a surprise that Ras Al Khaimah Investment Authority is now becoming a household name when it comes to company formation in UAE. The business consultants are playing a huge role in having the investors be well-informed with regard to everything they need to know about RAK free trade zone authority. When businessmen are looking to form a company in RAK Investment Authority free zone, it is a great help that they have the correct information about the RAK free zone company setup cost as to prepare a budget plan and the Ras Al Khaimah free zone trade license as well to ensure they get the correct one. Moreover, to have an even more detailed budget plan, it will help to find out what the RAK free zone flexi desk cost is. These things can help with regard to financial side of things. It can prepare the investors. Since company formation in RAK free trade zone authority should not be taken lightly, these consultants will advise you further than how to start a business in UAE free zone, like information about the RAK free zone virtual office, if you plan to have one. The main benefit of having a business consultant on your side, however, is the fact that they will be the person who will do everything on your behalf, like going to the Ras Al Khaimah economic department. They do not only answer your question about RAK free zone company setup but will help you make it come to reality.There are a lot of license types, business types, and everything to deal with about RAK free trade zone UAE, and it is essential that you have specialists on RAK company formation on your side to ensure of having a good start.

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