The RAK Media City Free Zone is not just another hub for media-related businesses. It is a space designed to foster growth and innovation in industries like entertainment, music, and photography. What sets it apart is the oversight of the Ras Al Khaimah Free Trade Zone Authority which ensures a streamlined process from issuing licenses to approving business structures.
RAK Media City Free Zone is strategically positioned to provide entrepreneurs like you access to markets all over the world. This strategic advantage is designed to encourage trade and open up new opportunities for your business. Read on to understand the details about RAK Media City.
Benefits of Company Formation in RAK Media City Free Zone
There are certain benefits of starting a company in this RAK free trade zone. They are mentioned below:
- Reclaim all profits and capital.
- Enjoy tax exemptions.
- Have complete control over the business.
- There are no restrictions on the use of any currency.
Licenses Offered by Ras Al Khaimah Free Trade Zone Authority
You will need to apply for the appropriate license based on the business activity. Let us take a look at which licenses are available in the RAK Media City freezone -
- Service Provider License
- Consultancy License
- E-commerce License
- Commercial License
- Freelance Permit
- Service License
- Dual License
How to Set up a Business in Ras Al Khaimah Media City Free Zone?
Here is a step-by-step guide on how to successfully incorporate your business in Ras Al Khaimah Media City
- You need to decide on the business activity you wish to conduct in RAK Media City.
- Choose the appropriate business structure that aligns with the company's goals.
- Select a unique trade name and apply for approval from the relevant authorities.
- Apply for the necessary business license by submitting an application and documents.
- Pay the requisite fees to the relevant freezone authorities to secure the license.
Documents required for Company Incorporation in RAK Media City
Some of the documents which need to be submitted to the authorities include passport copies of all shareholders, trade licenses, business plan, reference letters from the bank, good standing certificates, sample signatures of shareholders, among others.
Download our free guide on setting up a business in Ras Al Khaimah Free Zones.
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Commitbiz LLC has been a pioneer in business incorporation for over 17 years. Our experts are well-versed in the documentation, application, and licensing processes. We have assisted in the establishment of 10,000+ businesses in the Middle East.
Be it opening a bank account or services related to accounting and bookkeeping, we offer our services at reasonable prices. Get on a free call with our business consultants to understand the packages available for business setup in RAK.
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