Ras Al Khaimah Investment Authority Company main characteristics:
Type of License:
This allows the process of manufacturing, assembling and packaging, etc.
Import/export, distribution, most forms of trading (five activities of similar products must be specified or three very different activities consisting two different product types).
Most extensive forms of trading, import/export and the distribution of goods.
Contracting, repair and maintenance, rental, shops and restaurants etc.
All types of consultancy activities including management, business, industrial or professional services license (including real estate related consulting activities).
Every form of media and communication services.
Limited Liability Company Structure (FZ-LLC/LLC):
This type of company must comprise a minimum of two partners. The partners can be individuals or companies.
Foreign or Local Branch:
Under this category, licenses are only possible for existing companies which hold a valid license from any other acceptable licensing authority, be it local or foreign.
This incorporation is for the single shareholder, which can be either an individual or a company.
Information concerning RAK Investment Authority
Established in 2005, RAKIA manages the industrial parks of Al Hamra and Al Ghail areas of Ras Al Khaimah and the Free Zone. Business formation/incorporation is done quickly and it has been streamlined. There are also lower cost of living in the RAK area, 100% repatriation on profits and capitals, as well as 100% ownership in the free zone. Incorporations in RAK enjoy economic rent options for long-term leasing, dedicated power plant for the industrial parks, as well as land, air and sea connectivity from Ras Al Khaimah to markets in the UAE and the region.