Issuu on Google+

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



The conducive business climate makes setting up a business in RAKIA, extremely quick and easy



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



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.)



Commercial License For activities covering contracting, repairing, maintenance, renting, shops, restaurants etc



Consulting / Services License For any type of management, business, industrial consultancy or professional services including real estate consulting



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



All that remains is to make an online application and choose from the friendly setup packages on offer to complete the formation process



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!


business setup with Rakia and Rakia Strategic Business units UAE