RAK Investment Authority (RAKIA)

rakia

RAKIA’s promise to its clients is that it will enhance their success and prosperity. It will ensure the emirate of Ras Al Khaimah benefits from fast, continued growth by being appealing to investors from the local and foreign markets.

After four years from its establishment, RAKIA has managed to attract over US$2.5 billion in business investments resulting in an extraordinary economic growth and Ras Al Khaimah becoming an international and regional business centre and one of the fastest growing emirates in the region and the whole of the UAE.

RAKIA has developed to be a key provider of business opportunities with its one-stop facilities in the free zones, industrial zones, and offshore facilities.

His Highness, Sheikh Saud bin Saqr Al Qassimi, Supreme Council Member and Ruler of Ras Al Khaimah, has issued the Emiri Decree No. (32) of 2012, which states that the services and products available by RAKIA are the following:

  • Issuing business licenses of all types of companies in RAKIA’s industrial zones and free zones
  • Providing business facilities (industrial plots, commercial centre, office space, accommodation, warehouses,)
  • Issuing licenses for offshore companies as per the Authority Free Zone Regulations, 2006
  • Issuing permits and visas 

Where is it located?

RAK Investment Authority

Government of Ras Al Khaimah
P.O.Box No. 31291
Ras Al Khaimah
The United Arab Emirates.
Phone: +971 7 206 8666
Fax: +971 7 243 4464
Toll Free No: 800 RAKIA
Email: info@rakinvestmentauthority.com
Website: www.rakinvestmentauthority.com

Describe the kind of businesses here

Types of Companies Registered at RAKIA

  • Establishment (FZ/IZ) – Incorporated by one shareholder, either an individual (a person) or a non-individual (a company)
  • Limited Liability Company (FZ-LLC/LLC) – Incorporated by minimum two or more partners, e., by individuals (people), non-individuals (companies) or both individuals and companies
  • Foreign or Local Branch – Licenses are issued to companies which have a valid license from any licensing authority either in UAE or outside the UAE

Types of Licenses issued by RAKIA

A client must have a valid license from RAKIA and a valid lease for premises to conduct business in RAKIA free zone or non-free zone.

  • Industrial License – Manufacturing, processing, assembling, packaging,
  • Commercial License – Maintenance, contracting, repairing,  renting, retail outlets, restaurants etc.
  • Trading License – Import, export, trading, distribution, warehousing (up to 5 activities from similar product lines or 3 activities from 2 different product lines).
  • General Trading – All kinds of trading, import, export, distribution of goods, warehousing.
  • Consulting / Services License – Management services, business, industrial consultancy or professional services such as real estate consulting.
  • Media License – Media and communication services

Note: Companies with different activities are issued separate licenses for each activity

Visas

RAKIA free zone and non-free zone companies with valid licenses are eligible for visas to employ expatriate employees.

Visa types are:

  • Investor visa
  • Employment visa
  • Residence visa
  • Visit visa

Permits

Licensees of RAKIA land, warehouses or other property who wish to make structural modifications, must follow the RAKIA Building Regulations.

  • Industrial Plots
  • Warehouses / Light Industrial Units (LIUS)
  • Executive office space
  • Cubicle offices
  • Flexi desks

Industrial Plots

Industrial land is located in Al Ghail and Jazeera Al Hamra and industrial zones. It is suitable for all sizes of manufacturing companies.

Industrial Land Features:

  • Free zone as well as non-free zone plots
  • Own power plant of 65 MW for the industrial zone
  • Modern infrastructure, with roads, water, electricity, gas and sewage plant
  • Near Fujairah Port and Saqr Port
  • Self-contained industrial zones complete with commercial centres, warehouses, labour housing and public utilities
  • Permits granted to build offices, warehouses, houses on leased plot
  • Suitable for all sizes of companies of all sizes (plot minimum size is 5,000m2 up to any size)
  • Long leases – up to 25-year leases which are renewable

Industry plots are suitable for industries such as:

  • Industrial (electrical, electronics, mechanical)
  • Pharmaceuticals
  • Plastic & rubber
  • Construction material and chemicals
  • Steel & stainless steel products
  • Food
  • Consumer durables and non-durables
  • Glass
  • Chemicals
  • Packaging
  • Clothing
  • Auto and auto parts
  • Paints
  • Tableware
  • Refractory products

Warehouses and Light Industrial Units (LIUS)

RAKIA’s warehouses are located in Jazeera Al Hamra.  RAK Warehouse Solutions offer ready-made warehouses that are suitable for storage and light industrial activities such as packaging, service centres, workshops, assembly units.

Warehouse Features:

  • Free-zone and non-free zone warehouses
  • Warehouse sizes are from 311m2 up to 10,000m2
  • Flexible designs
  • Offices and other rooms can be built inside the warehouse
  • Car parking
  • Labour and staff housing are nearby
  • Each warehouse has 15KVA connection (additional load available)
  • Security systems
  • Long leases – up to 10 years which are renewable
  • Central location, near RAKIA health centre and Al Hamra shopping mall

Executive Office Space

RAK Executive Offices Solutions offers office space for all types of companies and are suitable for companies with a large number of employees.

Executive Office Features:

  • Office sizes from 32m2 to 500m2
  • Twin Tower new building with floor area of 29,000 sqm located in Jazeera Al Hamra
  • More than 300 commercial and office spaces
  • Unfurnished office spaces with full amenities
  • Use by RAKIA’s registered companies such as manufacturing companies, traders, consultants, etc
  • Bank, ATM, retail shops, restaurants within the complex
  • Near Government offices
  • Car parking
  • 24/7 security
  • Three-year leases

Cubicle Offices

Cubicle Offices are partly partitioned office spaces.  They are suitable for companies with activities such as trading, consultancy, professional services. Sizes range from 10m2 to 25m2.

Flexi Desks

Flexi Desks are ideal for new set ups.   Flexi Desk solutions are flexible, with no long leases and are low in cost.  This type of office space is fully furnished and equipped with full amenities.

Who are your prominent clients? 

Company Line of Business Country of Origin
Vesuvius Ras Al Khaimah Refractory materials UK
Eternity Technologies Industrial batteries India
POSCO Steel Steel products South Korea
Saver Glass LLC Glass France
Seah Steel Steel pipes & fittings South Korea
Mahindra Emirates Armored vehicles India
Peikko Steel connectors Finland
ITW Insulation Systems Insulation materials USA
Zamil Steel Steel KSA
Franke SS Washroom products Switzerland
Maico Gulf Ventilation systems Germany
Kirby Steel Steel products Kuwait
Becker Paints Paints manufacturers France
Novas Sealing Industrial gaskets UK
Kludi RAK Water taps & faucets Germany
Ashok Leyland Bus & heavy vehicles assembly India
Kempe Engineering Industrial equipment Australia
Guardian Industries Float glass USA
Duscholux Sanitaryware Germany
RAK Steel Steel products India
Pioneer Cement Cement India
Dabur India Herbal products India
RAK Ghani Glass Glass products Pakistan
Global Glass Solution Glass manufacturers Jordan
Mitsui Japan Fabric Japan
JBF RAK Polyester products India
Falcon International DVD’s Switzerland
Arc International Tableware France

 What are the advantages of setting up business here? 

  • 100% foreign ownership in free zones
  • 0% income and personal tax
  • 0% corporate tax and VAT
  • 100% repatriation of profits and capital
  • 100% liberal labour laws
  • Zero foreign exchange controls
  • Zero hiring restrictions
  • Zero barriers to trade or quotas
  • One-window clearance for licenses and consents
  • Connected to airports and seaports
  • Modern infrastructure, telecommunications, and utilities
  • One-stop shop for all types of Free Zone and Non-Free Zone licenses
  • Low cost of rent
  • Strong support provided to businesses by the government
  • Excellent geographical location connecting trade between East and West and access to the Middle East, India, CIS countries and Africa
  • Low cost of living in RAK and breathtaking natural beauty 

What are the procedures for establishing a business here? 

Setting up a company with RAKIA is simple, quick, cheap and hassle free.

Decide which type of company you wish to set up – a Free Zone Establishment (FZE), Free Zone Company (FZCO) or Branch or Non-free Zone Limited Liability Company (LLC) or Branch. For detailed information about the Types of Companies Registered at RAKIA follow this link: http://bit.ly/2cl2SEU

Choose the type of license suitable for your activity: Commercial, Industrial, Trading, General Trading, Service or Media. For detailed information about the Types of Licenses issued by RAKIA follow this link: http://bit.ly/2d81OpF

Choose the products required (land, office space, warehouse, LIU, labour housing, executive housing commercial centre). For full products follow this link: http://bit.ly/2cNBzEv

Complete the Application Form and submit all the necessary documents to RAKIA offices. To download the application forms, follow this link: http://bit.ly/2cggMd6
Following approval of the application, the client will be requested to submit the necessary legal documents.

Documents Needed for the Registration of Free Zone Companies:

Establishment Single Owner Limited Liability Company Two or More Partners Branch (Foreign or Local)
Application form Application form Application form
Business plan – for industrial licenses Business plan – for industrial and trading licenses Business plan – for industrial and trading licenses
Professional and Experience Certificate – for professional, consultancy and services licenses Professional and Experience Certificate – for professional, consultancy and services licenses Owner / Manager’s Passport copy
Owner / Manager’s Passport copy Owner / Manager’s Passport copy Original bank statement for the last three months
    Certificate of Incorporation – Attested and Notarized
    Memorandum of Association and Articles of Association – Attested and Notarized
    Board Resolution to Set Up Branch – Attested and Notarized
    Power of Attorney Appointing Representative – Attested and Notarized

The documents from outside the UAE need to be attested or legalized by UAE, GCC or Arab embassies in the country of origin.

Additional documents may be requested.

Documents Needed for the Registration of Non-Free Zone Companies:

Establishment

Single Owner

Limited Liability Company

Two or More Partners

Branch

(Foreign or Local)

Application form Application form Application form
Business plan – for industrial licenses Business plan – for industrial and trading licenses Business plan – for industrial and trading licenses
Professional & Experience Certificate – for professional, consultancy and services licenses Professional & Experience Certificate – for professional, consultancy and services licenses Owner / Manager’s Passport copy
Owner / Manager’s Passport copy or copy of Book of Nationality – for UAE nationals Owner / Manager’s Passport copy or copy of Book of Nationality – for UAE nationals Original bank statement for the last three months
    Certificate of Incorporation – Attested and Notarized
    Memorandum of Association & Articles of Association – Attested and Notarized
    Board Resolution to Set Up Branch – Attested and Notarized
    Power of Attorney Appointing Representative – Attested and Notarized

The documents from outside the UAE need to be attested or legalized by UAE, GCC or Arab embassies in the country of origin.

Additional documents may be requested.

What is the distance from various landmarks to this location? 

RAKIA to Dubai – 92.6 Km

RAKIA to Downtown – 90.3 Km

 

 

 

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