RAK Maritime City Free Port Company Formation

Business Setup Services | RAK Maritime City Free Port

RAK Maritime City (RMC) was created as a free port by Emiri Decree in December 2009. It offers international port facilities and business services for companies seeking an efficient and secure environment for his or her operations. With different zones for retail, warehousing, cargo handling, industrial production and manufacturing, tank storage and shipbuilding or repairs, RAK Maritime City offers a spread of facilities for businesses from a spread of industries. The free port seeks to attract businesses as a one-stop-shop with the benefits of a free port environment, state of art, 21st-century harbor infrastructure within a developed and established port.

RAK Maritime Zone divided into zoned plots which can accommodate businesses of varying size and across multiple industrial sectors and that covers an area of several million square meters. It’s strategically positioned near the Strait of Hormuz and thus features a unique advantage in terms of fuel cost savings for tenants and its ports functionality and features.

Benefits of fixing a corporation in RAK Maritime City

  • 100% company ownership
  • 100% tax exemption
  • 100% foreign investment
  • No customs duties and tariff
  • Access to high-end infrastructure and communication
  • Access to a worldwide market
  • 100% repatriation of profits and capital
  • Flexible policies for hiring a foreigner
  • Easy business formation regulations

Licenses in RAK Maritime City

There are 3 main sorts of licenses available in RAK Maritime City:

Commercial License

With a commercial license you can do import, export, sell, distribute, and store items specified on the license.

General Trading License

A General Trading License are often obtained under a billboard License, which allows for quite seven product lines.

Industrial License

This license allows the holder to import raw materials for the aim of producing, processing, and/or assembly of specified products.

Types of Legal Entities in RAK Maritime City

A company wishing to line up a business in RAK free port are often registered together of the subsequent legal entities:

  • Free Zone Establishment
  • Free Zone Company
  • Local Branch
  • Foreign Branch

How to found out a corporation in RAK Maritime City Free Zone?

Any company that wishes to work at the RAK Maritime City (RMC) should register as a legal entity at the RMC, open a checking account, acquire a legitimate permit to undertake approved activities (business license) and sign a lease contract for using the chosen facility at the RMC. Once all of those procedures are completed successfully, the corporate is going to be entitled to activate a checking account, apply for the approved number of visas (UAE residence permits) and to start out business activities within the RMC. To register your business in RAK Maritime City free port, the subsequent procedure must be undertaken:

  • Download a form online from the RAK free port website and fill all the small print correctly
  • Submit all the required documents once the appliance is approved by the
  • RAK authorities
  • Get the Memorandum of Association of the corporate notarized at the registrar
  • Register the businesses brand name
  • After you get the Certificate of Incorporation fulfill the licensing requirements
  • Get the sort of license you need for your commercial activity by paying the fee

Documents Required to line Up a corporation in RAK Maritime City

  • Application form of company incorporation and license
  • A brief description of the company/project
  • Copy of passport of both owner and manager
  • Company resolution
  • Bank statement to prove you’ve got the specified capital for the corporate
  • Registration certificate

Why found out a corporation in RAK Maritime City?

RAK Maritime City free port not just brings huge benefits to the entrepreneurs but also supports you thru every step of incorporation by easing out its legal framework to line up a corporation. This free port maybe a project of giant dimensions which successively will have a long-lasting impact on the maritime industry across the region. If you’ve got made your mind to line up your company within the Ras Al Khaimah free port, then we at Branches can assist you to guide through every step of incorporation. Our advisors have years of experience during this field and may make this process easy and hassle free.

BCM Corporate Services Can Help You !

1. GET A VISA WITH FLEXI-DESK:

While Dubai World Trade Centre Free Zone is home to a large number of multinational corporations, it’s also very popular with smaller businesses – and its flexi-desk package is a big reason. Flexi-desk is perfect for entrepreneurs who don’t want to commit to permanent physical office space, but still require the ad-hoc use of office equipment and facilities such as meeting rooms. But the key benefit here is that with DWTC’s flexi-desk package you can apply for multiple visas.

2. NO NEED TO COMMIT TO OFFICE SPACE:

For those who require more flexibility than a flexi-desk, Dubai World Trade Centre allows you to set up shop without committing to any office space at all – simply register your business in the free zone and work from wherever you wish. If an office is a requirement, however, DWTC has you covered here as well. Entrepreneurs have the option of taking permanent office space in DWTC’s business centre – currently located in Sheikh Rashid Tower but soon to move to brand new facilities in the coming months.

3. STRAIGHTFORWARD AND AFFORDABLE SETUP:

Whatever type of business you wish to form, Dubai World Trade Centre company setup is fast, simple and affordable. Starting a Free Zone Establishment (FZE), a Free Zone Company (FZCO) or a branch of an existing business in DWTC can be very reasonable. In fact, for the flexi-desk option it may be as low as AED 41,000. As for the process, all is taken care of through the Dubai Department of Economic Development (DED) special project counter and therefore follows the standard DED company formation process.

4. NO REQUIREMENT FOR NOC FROM A LOCAL SPONSOR:

Another reason why Dubai World Trade Centre Free Zone appeals to smaller businesses is that it does not require entrepreneurs to provide a No Objection Certificate (NOC) from a current employer. This is ideal for first time entrepreneurs wishing to set up side businesses within the free zone while still employed.

5. A VARIETY OF BUSINESS TYPES AVAILABLE:

Perhaps the biggest reason why DWTC is one of the UAE’s most bustling business hubs is that it is open to such a wide variety of businesses. Entrepreneurs wishing to set up here can select any DED listed business activity – that’s a choice of over 2,000 from industries as diverse as agriculture, construction and finance.

6. SHARE CAPITAL REQUIREMENTS:

To set up in Dubai World Trade Centre Free Zone you simply deposit AED 300,000 in paid upfront share capital and provide proof that you have done so. While this is certainly a barrier for some, it’s a relatively small cost for setting up in such a prestigious location. If you wish to set up a branch of an existing company, no share capital is required.

7. NO AUDITING OR BOOK KEEPING REQUIRED:

Anything that can lighten the administrative burden can only be a good thing. Fortunately, Dubai World Trade Centre is on hand to help. Not only is there no annual audit for DWTC businesses but there’s also no ongoing book keeping requirements.

8. EASY TO ARRANGE YOUR CORPORATE BANK ACCOUNT:

Another way DWTC can help to reduce admin is by assisting with the opening of your corporate bank account. As well as advising you on the best banks to suit your needs, Dubai World Trade Centre staff can also arrange meetings with your chosen financial institutions should you so wish.

9. EASY TO SPONSOR DEPENDANTS:

As well as making it easy to apply for your own visa, it’s also straightforward for entrepreneurs in Dubai World Trade Centre to sponsor dependants for their residence visas as well. Whether you wish to sponsor a maid, driver or family member, the process is relatively easy – entry permit, status adjustment, medical fitness test, then Emirates ID registration and visa stamping. As this is such an important process, it’s a good idea to get advice from an expert in setting up UAE free zone businesses. This ensures that before you start an application, both you and those you’re hoping to sponsor meet all of the entry criteria.

10. SET UP WITH MULTIPLE SHAREHOLDERS:

Another major draw for large businesses toward Dubai World Trade Centre is that it allows for setup with multiple shareholders – which can be individuals, corporate entities or a combination of the two. Entrepreneurs wishing to set up such a business simply need to register a Free Zone Company.

11. WORLD CLASS LOCATION AND FACILITIES:

Dubai World Trade Centre’s strategic location is yet another factor behind its tremendous popularity. Its transport links include the Dubai Metro and close proximity to Al Maktoum International Airport. Plus, at the heart of its complex is the Dubai International Convention and Exhibition Centre making DWTC the perfect home for entrepreneurs looking to network, collaborate and engage with likeminded professionals from around the world.

12. COMPETITIVE EDGE:

Dubai World Trade Centre’s location, coupled with its low setup costs can offer businesses a real competitive edge. At the heart of Dubai’s financial district, next door to Dubai International Financial Centre, DWTC offers businesses a prestigious office address without the sky-high costs usually associated with the area.

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    Company Registration Service in RAK Maritime City Free Zone Know business setup cost & Package with Tariff for RAK Maritime City Free Zone. You will get RAK Maritime City Free Zone Office at affordable cost, You can see several new companies in RAK Maritime City Free Zone generating good Revenue. Read on RAK Maritime City Free Zone Jurisdiction and Benefits of setting up of company in RAK Maritime City Free Zone. We help you getting Business License in RAK Maritime City Free Zone. Rules & Regulations in RAK Maritime City Free Zone are similar to other free zones in UAE. You might have read about the activities, advantages employee benefits of RAK Maritime City Free Zone. Get a quote today and know about license fees & trade license cost towards establishment of RAK Maritime City Free Zone.

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