The free zone in Ras Al Khaimah is considered one of the easiest free zones in terms of ways to establish companies in it, in addition to not needing a local partner, because the law allows you to own 100% as a foreign owner if you want to establish your company in the free zone in Ras Al Khaimah, and gives you great flexibility In the procedures in order to carry out its commercial activities as soon as possible to take advantage of the opportunities for growth and economic prosperity that Ras Al Khaimah enjoys. The free zone in Ras Al Khaimah is a great attraction for preferred entrepreneurs and investors, as they have enjoyed many advantages of establishing their companies, and those advantages include the following:

• Tax credits on income and corporations, and help make a lot of profits for big companies
• 100% reduced foreign ownership
• Exemption from import duties
• Simple supply chain management, whether the factory or warehouse is used for industrial purposes
• Flexible regulations regarding residence and immigrant visas, for both skilled and unskilled workers
• Simple procedures for preparing corporate residence permits for investors, employees and their families

How do you create a company in the free zone?

Establishing a company in the free zones is in Dubai is much easier than setting up a company inside Dubai, because it can be 100% owned by any country, and there is no requirement for a partner or sponsor who is a citizen of the United Arab Emirates, as That 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 free zone in Dubai, in which case the main company may be outside the Emirates and not necessarily inside the Emirates, and the companies in the free zone implement the program through the authority responsible for the zone The free zone, which is established by any licensing agency depending on the location of the free zone and the activity it carries out. The type of license issued by the regulatory body differs according to the commercial activity. A company can be established in the free zone by following certain steps, including:

Choose the company's website

• Adopting a trade name because it is a name that distinguishes one company from another. Obtaining a trade license for the company
• Obtaining initial approval to start work
• Write a commercial license
• Completing and obtaining a trade license

Request advice on company formation through the experts of Etqan Company, where it will prepare you for international taxation, company structure, asset protection, or guidance in wealth management, after this stage we will send a quotation for approval, trade name retention and approval and legal status and initial approval. We will also assist you in obtaining commercial premises (such as shop, office, warehouse) contract, drafting legal requests documentation, obtaining legal status and sending application approval and finally followed by obtaining a business license from JLT and company seal. However, the new buildings aim to achieve the objectives of the free zone in contributing to the national economy, enhanced by the integrated supply of solutions that play an important role in economic development. government that aims to attend the post-oil sector by supporting economic diversification programmes. Dubai has more than 40 free zones. Establishing a company in the free zone is one of the most difficult things that an investor must face, because it is difficult to choose many places, so our company, through its experience, helps you in managing the internal matters. Many investors work to choose the appropriate free zone for their trading activity, and this helps to establish and establish the company in the free zone in a short time and at a very low cost.

Ras Al-Khaimah Free Zone Regulatory Authority:

Enterprises established in free zones in the UAE are subject to the laws and regulations governing each particular free zone authority. Therefore, according to the official portal of the UAE government, the authority that supervises activities in the Ras Al Khaimah Free Zone and is subject to the laws of the Ministry. Ras Al Khaimah Economic Development cooperates with more than 14,000 companies.

What is the government agency responsible for issuing and renewing licenses for economic activities in Ras Al Khaimah?

The Economic Development Authority in Ras Al Khaimah is the government agency responsible for all licenses for economic activities in the emirate, their management and duration, as well as amendments in accordance with the laws, rules and regulations in force at the federal and local levels there, in cooperation with the relevant authorities.

Choose a brand name:

3. Not to be registered or used for the same or similar activities
4. It must comply with the nature of the program and the required legal form
5. It should not contain sectarian names, names of ruling parties, or names and logos of local, Arab and international institutions, agencies, and organizations.
6. It should not be identical or similar to local or international trademarks registered with the Ministry of Economy

The requirement to specify the trade name is included in the renewal data section of the permit form so you will be asked to specify the renewal period, which can vary from one year to five years.

Selection of desks and work facilities:

You will notice that in the permit form issued by the Department of Economic Development in Ras Al Khaimah there are details of the business location, while in the free zones in Ras Al Khaimah and other areas, it is possible to buy or rent office space and office requirements depend on the number of employees and the type of business activity of the company.

Contact us to find suitable workspaces in the free zones of Ras Al Khaimah.

ITQAN has a team of experts and consultants who can assist you in all procedures required to establish your company in the free zone in Ras Al Khaimah. Contact us now.