Business Setup In RAK Maritime City

Benefits of Setting up A Business in RAK Maritime City

RAK Maritime City’s strategic location is the most important advantage that business owners can have while setting up a company here. The Free Zone enjoys close proximity to the Saqr Port, which is the largest bulk commodity port in the Middle East. The Free Zone is adjacent to the RAK International Airport and provides excellent local access to the UAE’s road network. Establishing a company in the RAK Maritime City

• 100% Foreign Ownership
• Long and stable lease agreements
• Customized plot sizes to meet business requirements
• The easy and cost-efficient business setup procedure

How to Establish a Company in RAK Maritime City?

A company or individual wishing to operate a business at the RAK Maritime City can be registered at the zone in one of the following four legal forms:

• Free Zone Establishment
• Free Zone Company
• Local Branch
• Foreign Branch

Companies that seek to start their operations in the RAK Maritime City are required to

• Register as a legal entity at the RAK Maritime City
• Obtain a valid permit to undertake approved activities
• Sign a lease contract for using the selected facility at the RAK Maritime City

Once all of these procedures have been completed successfully, the company will be entitled to activate a bank account, apply for the approved number of visas (UAE residence permits), and to start business activities in the RAK Maritime City.

List of Documents Required to set up Businesses in RAK Maritime City

• License Application Form
• Brief Project Description
• Copy of Passport (Owner(s) / Manager)
• Bank Statement (proving a minimum account balance as per the capital requirement)
• Company Resolution (for FZ Company)
• Power of Attorney Appointing a Representative / Manager (for FZ Company)

For local and foreign branches the following additional documents are required:

• Power of Attorney Appointing a Representative / Manager
• Parent Company’s Board Decision to Set Up a Branch
• Good Standing Letter
• Parent Company’s Legal Documents
• Registration Certificate of parent company

However, the Parent Company should have existed for more than one year (also applicable to Subsidiary Company). Local branches are required to present all documents as originals and attested by the UAE court. It is also important to note that all documents related to a foreign branch need to be attested by the UAE Embassy.

In the case of Industrial License, a special application form must be submitted along with the following documents:

• Business Plan
• Plant Layout
• Material Storage and Handling
• Feasibility Study
• Environmental Impact Assessment Study
• Equipment List
• Detailed Process Description
• Effluent Treatment and Waste Management
• Power and Water Requirements