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business setup with Rakia and Rakia Strategic Business units

RAK Investment Authority (RAKIA) is a Government entity operating in the emirate of Ras Al Khaimah, United Arab Emirates, with free zone and non free zone industrial parks we also provide following facilities like business setup with Business Unit Setup in Ras al Khaimah, Business Unit Setup Rakia, investment advisory services in rak

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business setup with Rakia and Rakia Strategic Business units

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  1. Business Setup with RAKIA in Four Simple Steps

  2. Introduction • Flag-ship venture of the Emirate of Ras Al Khaimah (RAK) • RAKIA came into existence in 2005 • Entrusted with establishing the region as a successful hub for purposes of trade and commerce together with the finest industrial manufacturing units

  3. Advantage RAKIA • Single Window Clearance for all Permits & Consents • 100 % Foreign Ownership • 100 % Capital & Profit Repatriation • No Foreign Exchange Controls • No Restrictions on Hiring Foreign Employees • Low Rental Costs for Apartments, Offices, Warehouses, Land, etc.

  4. Process to Setup Business In RAKIA • The conducive business climate makes setting up a business in RAKIA, extremely quick and easy • The entire process can be divided into Four Key Steps

  5. Step 1 • Settle upon the nature of the business entity that is to be established • One can choose between a Free Zone and a Non-Free Zone setup

  6. Step 2 • Identifying the license category under which the business is to be setup • Licenses can be categorized further as: • Industrial License: For manufacturing, processing, assembling, packaging etc • Trading LicenseFor Import, export, distribution, warehousing, trading • General TradingFor all kinds of trading, import, export, warehousing and distribution of goods

  7. Step 2 (Contd.) • Commercial LicenseFor activities covering contracting, repairing, maintenance, renting, shops, restaurants etc • Consulting / Services LicenseFor any type of management, business, industrial consultancy or professional services including real estate consulting • Media LicenseFor all kinds of media and communication services

  8. Step 3 • Ideate upon the activities that the firm is going to be actively involved in • Provide 3 Naming options for the company and develop the company structure • One must decide between the following: • An Establishment • A Branch of a UAE or a Local Company (BLC) • Limited Liability Company (LLC) or • the Branch of a Foreign Company (BFC)

  9. Step 4 • Work out the rest of the minor yet important details: • Capital Required • Staff Accommodation • Working Visa requirements • Name and Number of Shareholders that have a stake in the Company, etc

  10. Conclusion • All that remains is to make an online application and choose from the friendly setup packages on offer to complete the formation process • That’s it, YOU are now in the exalted company of 10000 satisfied investors, 5000 onshore companies and 900 industrial units, a number that is only bound to rise!

  11. Thank You!

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