RAK Maritime City

RAK Maritime City serves as one of the most dynamic business center points of the Middle East. Isolated into zoned plots, it covers a territory of several million square meters. The zone is located at the Strait of Hormuz and can hold various size businesses from small to large-sized and different industrial sectors as well. The plot size can go from 25,000 square meters upwards and 100 linear meters will need 40,000 square meters and the plots have an exclusive compartment.

The RAKMC visualizes the mixture of unmatched ports and several facilities along with a suitably situated logistics gateway. Saqr Port is the Pilotage Authority for the area covered by RAK Maritime City that shows that the zone is actively involved in the development.

Benefits of company formation in RAK Maritime City

• 0% charges on personal tax
• 100% return of profits and capital
• Cultural diverse business and world-class infrastructure attract corporations from all over the world
• 100% foreign investment
• Rapid access to global shipping
• Offers companies with wide-ranging networks for rapid business development
• No tax rate on corporate for the next 50 years
• 100% exemptions from import and export tax
• No charges on custom duties and tariff as well
• Rapid plus easy business formation regulations
• Support with the sponsorship, labor recruitment, and housing
• Allows fuel cost savings for renters
• Flexible and top-rated policies for hiring a foreigner
• Easy access to the high-tech infrastructure

Types of legal entities permitted in RAK Maritime City

• Free Zone Establishment (FZE): It is an independent entity that includes one stakeholder.
• Free Zone Company (FZE): It is a separate entity that includes two to five stakeholders.
• Branch of a local/ foreign company: It is a dependent entity that functions under its parent company.

Types of business license allowed in RAK Maritime City

• General Trading License: It is obtained under the commercial license and permits the companies with more than seven product lines.
• Industrial License: With this license approval, the companies are capable to import raw materials, processes, packages, and then export them.
• Service License: This license permits the owner to import, export, stock, and trade things.

Nasiha offer a plethora of services which can assist you for company formation in Ras Al Khaimah Maritime City. Be it choosing a company name or selecting an office area, our team will come to you as a savior for time and resources. While you focus on the operations and management, we work on all the documentation and licensing work involved. Get in touch with us for any query and we will quickly solve it.