BUSINESS SETUP WITH RAKIA IN FOUR SIMPLE STEPS
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
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
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The conducive business climate makes setting up a business in RAKIA, extremely quick and easy
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The entire process can be divided into Four Key Steps
Step 1 
Settle upon the nature of the business entity that is to be established
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One can choose between a Free Zone and a Non-Free Zone setup
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.)
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Commercial License For activities covering contracting, repairing, maintenance, renting, shops, restaurants etc
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Consulting / Services License For any type of management, business, industrial consultancy or professional services including real estate consulting
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Media License For all kinds of media and communication services
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
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
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All that remains is to make an online application and choose from the friendly setup packages on offer to complete the formation process
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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!