Ras Al Khaimah (RAK) Media City is a leading entertainment hub for all the companies that have operations in the media industry. It was launched in the year 2006 as an alternative to Dubai Media City and has been providing investment opportunities and benefits for media-oriented business owners and investors. RAK Media City is another RAK Free Trade Zone (RAKFTZ) which is controlled by the RAKFTZ authority. The increasing cost of living in Dubai free zones makes RAK Media City a low-cost alternative. Business owners are attracted towards this RAK FTZ due to its dedication towards providing world-class facilities, great business infrastructure, pre-built offices, and media-related business licenses.
Economically speaking, RAK Media City has been growing at an unprecedented pace in the past couple of years. Its business-friendly environment regulations, favorable towards media industries, have made it a fine destination for the media and entertainment sector to develop. The media companies receive complete freedom for producing their films, radio, and television shows.
Advantages of Business Setup in RAK Media City
RAK Media City provides all its companies with benefits like:
- Provision of 100% foreign ownership
- Complete freedom of capital and profit retention
- Exemption of customs duty on all import-export goods
- Quick immigration process
- No currency restriction
- Tax exemption on both corporate and personal income
Types of Business Licenses in RAK Media City
| License Type | Purpose |
| Publishing License | For publishing magazines, educational & professional books, consumer books, promotional content, e-books, directories & guides |
| Broadcasting License | For tv & radio broadcasting |
| Filmed Entertainment / Production & Post Production License | For the purpose of film production & distribution, media content management & provider, film content rights management, production, post-production and animation |
| Media & Marketing Services License | For direct marketing, promotional services, advertising/communication & public relations agency, intellectual property rights management, media placement, buying & selling, media representation |
| Business & Information Services License | For any news agency, media research & information services |
| Music & Entertainment License | For music production & recordings, music distribution, music publishing, music label & rights management, promotion & management, event management, theme parks management, sports management |
| New Media & Media Support Services License | For web designing & management, interactive services, media software development & integration, access spending, multimedia software development, digital media management |
| Service Provider License | Restaurant, stationary, medical clinic, beauty salon, bookstore, kiosk, banking services, interior & set decorator, music & video, travel agency, laundry, insurance service provider |
| Consultancy License | Legal consultancy, accounting/auditing consultancy, human resources consultancy, marketing, management, project management, marketing entire film and media city |
RAK Media City Free Zone Company Formation
Business setup process in RAK Media City takes a very systematic way which is both fast and under the legal boundary. It involves the following steps:
- Deciding on one’s business nature/activity type
- Designing a detailed plan for the business
- Selecting a name for the company, and reserving it
- Depositing the required minimum capital amount in the bank account of the company in RAK Media City
- Determining the human resource required to run the company
- Registering your business under the guidelines RAK Free Zone Authority
- Completing the business licensing requirements
- Obtaining the shareholder(s)’ signatures on the company formation documents, with the completion of other business setup formalities in the presence of RAK Media City authorities
Documents Required for RAK Media City Company Formation
- Proof of company name reservation
- A certificate initial approval for business activities
- Passport copies of the shareholders and managers
- A CV of the manager
- Personal Information sheet of each shareholder and manager
- Lease agreement
*Note: Additional documents might be requested by the authorities depending on the type of license and business type.
Our Role
Commitbiz is an authorized agent in RAK International Corporate Centre (RAK ICC), which helps all types of entrepreneurs and start-ups in setting up their business in RAK FTZ or RAK Media City. We will take care of all the documentation, registration process, licensing, taxation and other legal procedures of our clients. We provide our clients with business consulting & support and minimize your efforts so that you focus on the bigger picture of your business. Contact us today to get your media production started in RAK Media City.
