Business Setup at RAKIA Free Zone
Form your RAK Investment Authority (RAKIA) Free Zone Company with assistance of A-Z Consulting. We help client to setup RAKIA Manufacturing Company, RAKIA trading Company or RAKIA Service Company. With our support your formation of your company will be completed in no time.
Why RAKIA Free Trade Zone
The RAK Investment Authority was constituted as per Emiri Decree No. (2)/ 2005 issued by H.H. Sheikh Saqr Bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah. The mandate for the Authority is to work towards reinforcing the investment climate in the Emirate and to promote its various economic sectors.
RAK Investment Authority- RAKIA’s vision is to build a diverse economy that enjoys strong, sustainable growth, by attracting investments from the domestic and foreign markets that will create wealth and raise the standard of living for the people of Ras Al Khaima.
RAKIA’s mission is to offer complete solutions to the needs of every investor and provide value and customer satisfaction, ensure minimum transaction & conversion cost, enable businesses to flourish in the quickest possible time and to make investment in Ras Al Khaimah simple, easy and a pleasant experience. The growth is driven by increased focus on manufacturing, services, real estate, construction and tourism.
The mandate of RAKIA is to develop and manage the industrial parks which include the free zones and industrial zones in the Al Hamra and Al Ghail areas of Ras Al Khaimah. Across this region free trade zones have traditionally been viewed as real estate ventures, primarily issuing licenses, however, RAKIA went the extra mile not only being a facility provider but also offering investment advisory services and equity participation on selected projects. This has resulted in an atmosphere of trust among investors and generated a solid network of opportunities.
RAK free zone’s Investment Authority wing has been able to attract close to US$ 1.2 billions of investment from all over the world, in various industry segments. These industries are diverse and strategic and are in the areas of Glass & Table ware, Float Glass sheet, Cement, DVD media factory, Renewable Energy, Pharmaceuticals, Consumable Hygienic Products, Vehicle Assembly, Hotels & hospitality business, health & education, tourism industry and many more.
- Industrial license
- Commercial license
- Consulting and Service license
- General Trading license
Commercial license: AED 19,500 (for 2 shareholders) / AED 17,000 (for one shareholder). Facility will be additionally charged (min cost AED 12,000)