One of the major legal requirements to start a free zone business in RAK is to obtain a free zone license and pay the Ras Al Khaimah trade license cost accordingly. UAE Company registration in RAK free trade zone is subject to certain terms and conditions set by the RAK economic zone (RAKEZ) authority to standardize the processes involved in starting a new free zone business. The investors must be aware of the rules and regulations of the RAK free trade zone and must comply with all the legal requirements to start their free zone company successfully in one of the most well-reputed free trade zones in the UAE.
Investors need to follow a step-by-step procedure to complete the registration process for their UAE based free zone company in Ras Al Khaimah. As mentioned earlier, obtaining the RAK free zone license is an essential legal requirement and investors must choose a specific type of license intelligently according to their specific business requirements.
It must be noted that after starting your business in RAK free trade zone, you need to renew your trade license every year and the renewal amount is the same as the RAK license fee that you pay when applying for the trade license for the first time. Paying the RAK free zone license renewal fees before the expiry date is important to avoid cancellation of the license.
Start your Business in RAK Free Trade Zone
Starting a business in RAK economic free zone could be an excellent decision as many benefits are offered to investors for UAE company registration in RAK including 100% ownership of the business and exemption from corporate taxes amongst others.