business setup with Rakia and Rakia Strategic Business units UAE

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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 Rakia, Rakia Strategic Business units, Business Units Functions in Rakia, Rakia Strategic Business Units, Strategic Business Units in Rakia, Rakia Offshore Business facilities, establish your company in rak, Rakia Offshore Business Facilities, Business Setup in Ras al Khaimah, Establish Company in RAK, Business Unit Setup in Ras al Khaimah, Business Unit Setup Rakia, investment advisory services in rak

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Business Setup with RAKIA in Four Simple Steps: 

Business Setup with RAKIA in Four Simple Steps

Introduction: 

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

Advantage RAKIA: 

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.

Process to Setup Business In RAKIA: 

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

Step 1: 

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

Step 2: 

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 License For Import, export, distribution, warehousing, trading General Trading For all kinds of trading, import, export, warehousing and distribution of goods

Step 2 (Contd.): 

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

Step 3: 

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)

Step 4: 

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

Conclusion: 

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!

Thank You!: 

Thank You!