Ras Al Khaimah Free Zone is one of the most flexible free zones for establishing companies, in addition to not needing a local partner, as the laws allow you to own 100% as a foreign owner if you want to establish your company in Ras Al Khaimah Free Zone, and provide high flexibility in procedures so that you can practice your business activity as quickly as possible to benefit from the opportunities for growth and economic prosperity that Ras Al Khaimah enjoys.
Benefits of establishing a company in the Ras Al Khaimah Free Zone
Ras Al Khaimah Free Zone is a major attraction for entrepreneurs and investors who aspire to multiple advantages in establishing their companies.
These benefits include:
- Tax exemption on income and corporations, and help retain high corporate profits.
- 100% foreign ownership.
- Low utility fees.
- Tax exemption on imports.
- Easy leasing procedures for both offices and warehouses used for industrial purposes.
- Flexible rules for residence and immigration visas for both skilled and unskilled workers.
- Easy company formation procedures.
- Issuing residence permits for investors, employees and their families.
How can you establish a company in the free zone?
Establishing companies in Dubai’s free zones is much easier than establishing a company inside Dubai, as it can be 100% owned by any nationality and does not require a partner or sponsor from the UAE citizens, as the company is registered as a free zone establishment or a company belonging to the free zone or a branch or representative office in the Dubai free zone. In this case, the main company can be outside the Emirates and it is not required to be inside the Emirates. Companies located inside the free zone are regulated by the authority responsible for the free zone, which issues any licenses for the company. This is done based on the location of the free zone and the activity it carries out. The type of license issued by the responsible authority varies according to the commercial activity. A company can be established in the free zone by following some steps, including:
- Choosing a company location
- Agree on the trade name, as it is the name that distinguishes one company from another.
- Obtaining the company’s business license.
- Obtaining initial approval to start work.
- Commercial license registration.
- Complete the requirements for the commercial license and obtain it.
Establishing a company in the free zone
The UAE is distinguished by having more than 40 free zones in addition to some areas that are being established. Therefore, establishing a company in the free zone is one of the difficult things facing the investor, as it is difficult to choose between many areas. Therefore, Kaber Company, through its extensive experience in business management, helps many investors in choosing the appropriate free zone for their commercial activity. It also helps in establishing and founding the company in the free zone in the shortest time and at the lowest costs.
