RAK EZ Awarded Best Free Zone for SMEs in the Middle East for 2020
Awarded the Best Free Zone for SMEs in the Middle East for 2020, the Ras Al Khaimah Economic Zone today is home to a staggering 14,000 companies from 100 countries around the world. And there is good reason to set up a company in the Ras Al Khaimah Economic Zone – the emirate is full of opportunities.
With no sector contributing more than 20%, Ras Al Khaimah’s economy is perhaps the most diverse in the UAE, supported by real estate, manufacturing, tourism, agriculture, fisheries, building materials, and the services sector. RAK BANK, the nation’s top small business bank, is located right here in Ras Al Khaimah.
Ras Al Khaimah is located just an hour from Sharjah, or 80 minutes from Dubai; and well-connected by public transport. It has its own international airport that connects several international destinations worldwide, including Europe. Port Saqr, located in the emirate, is the largest bulk handling port in the Middle East. With all these on offer, it is no wonder that RAK EZ has become one of the top free zones in the United Arab Emirates.
For anyone intending to set up their company in the Ras Al Khaimah Economic Zone, one needs to identify the exact business activity or activities the company will be into. The business could be dealing with general trading, providing education services, manufacturing, packaging, import-export, or the media sector. Dedicated warehouses await those in logistics, as well as industrial units.
It is also important to identify the company structure that the business will have before anyone can apply for a business license. It could be a Sole Establishment (this is the same as a Proprietorship Firm) or a Limited Liability Company. The former is recommended for solo entrepreneurs and freelancers, while the latter becomes inevitable if there are two or more business partners.
Application for a business license is a fairly straightforward affair. All one needs are a completed application form along with a detailed business plan, a copy of his/her passport, and a colour photograph. If one is new to the process, it is recommended that he/she seek professional help in this regard. A business setup consultant can provide the right guidance, relying on experience to prepare the business plan so that the application for setting up a company in the Ras Al Khaimah Economic Zone is approved, and the business license duly granted.
Dubai-based company formation expert A&A Consultant LLC is running limited period special offers for those interested in setting up a company in the Ras Al Khaimah Economic Zone. With years of experience in the field, they have helped establish hundreds of companies and can be counted on for all of one’s business needs, including company setup and formation. For more details contact +971 56 4086728 or email firstname.lastname@example.org
Office No: 208, Rawdat Al Wasl Bldg Near Mazaya Ce, Business Bay P.B.No:32925, Dubai – U.A.E
A&A Associate LLC is a UAE registered management consultancy firm, trusted in providing bespoke Business Setup, Company Formation, Accounting and Auditing Solutions in UAE
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