The free zone in Ras Al Khaimah is one of the free zones that is characterized by the flexibility of procedures for establishing companies in it, in addition to the fact that you do not need a local partner, as the laws enable you to own 100% as a foreign owner if you want to establish your company in the free zone in Ras Al Khaimah, and it provides high flexibility in Procedures to be able to start your business 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 free zone in Ras Al Khaimah
The free zone in Ras Al Khaimah is a major attraction for entrepreneurs and investors who aspire to the many advantages in establishing their companies.
These advantages include:
- Income and corporate tax relief, helping to retain high corporate profits.
- 100% foreign ownership.
- Low utility fees.
- Tax exemption on imports.
- Easy leasing procedures, whether for offices or warehouses used for industrial purposes.
- Flexible laws for residency and immigration visas, whether for skilled or unskilled workers.
- Easy procedures for establishing companies.
- Issuing residence permits for investors, employees and their families.
How can you establish a company in the free zone?
Establishing companies in the free zones in Dubai is much easier than establishing a company inside Dubai, as it can be 100% owned by any nationality, and the presence of a partner or sponsor who is a citizen of the UAE is not required, as the company is registered as a free zone establishment or it is a company belonging to The free zone or a branch or representative office in the free zone in Dubai. In this case, it is possible for the main company to be outside the Emirates, and it is not required to be inside the Emirates. The companies located within the free zone are regulated through the authority responsible for the free zone, which is the one that issues any licenses to the company. This depends 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:
- Choose the company’s location
- Agreeing 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 a commercial license and obtain it.
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.
