RAK Maritime City Free Zone
RAK Maritime City Free Zone Authority, Ras Al Khaimah
Description
RAKMC is a specialized free zone in Ras Al Khaimah, UAE, established to cater to maritime-related industries by combining international port facilities with business advantages for companies seeking cost-efficient and customized solutions.
| Emirate | Ras Al Khaimah |
| Website | https://rakports.ae/ports/saqr-port-and-free-zone/ |
| Contact Email | info.rmc@rakports.ae |
| Contact Info |
Phone: +971 7 202 5100
Address: RAK Maritime City, Administration Building, P.O. Box 5130, Ras Al Khaimah, UAE
|
| Year Established | 2009 |
| License Types | General Trading License, Commercial License, Industrial License |
| License Cost | AED 25,000.00 - Trade License issuance fee is AED 25,000. |
| Formation Cost | AED 10,000.00 - New Company Registration fee is AED 10,000. |
| Minimum Capital Requirement | No specific minimum share capital requirement is mentioned. |
| Allowed Business Activities | Shipping and Maritime Services, Logistics and Freight Forwarding, Trading, Marine Engineering and Repairs, Offshore Support Services, Cruise and Yacht Services, Sea-Related Tourism |
| Company Legal Structures | Free Zone Establishment (FZE), Free Zone Company (FZC), Branch of a Local Company, Branch of a Foreign Company |
| Restricted Activities | Activities conflicting with UAE laws and Islamic morals |
| Investor Visa Cost | Visa costs depend on the business package and number of visas required. |
| Employee Visa Cost | Employee visa costs vary based on the company's requirements and the number of visas. |
| Processing Time (Days) | Processing times vary depending on the business setup package and compliance with requirements. |
| Physical Office Required | No |
| Office Space Options | Retail Spaces, Warehouses, General Cargo Handling Facilities, Industrial Production Units, Tank Storage Facilities, Shipbuilding and Repair Yards |
| Office Space Cost | Office space costs depend on the type and size of the facility chosen. |
| Virtual Office Available | Yes |
| Bank Account Assistance | Yes |
| Bank Account Cost | Assistance with bank account opening is provided; costs vary by bank and account type. |
| Partner Banks | Emirates NBD, Mashreq Bank, RAKBANK |
| Governing Laws | Subject to UAE federal laws and regulations. |
| VAT Registration Required | Yes |
| Corporate Tax Applicable | No |
| Annual Audit Required | Yes |
| Renewal Fees | AED 25,000.00 - Renewal fees for Trade License are AED 25,000. |
| Business Restrictions | Prohibited from engaging in activities outside the scope of licensed operations. |
| Ownership Structure | 100% foreign ownership allowed. |
| Import/Export Restrictions | No No restrictions; businesses benefit from import and export tax exemptions. |
| Benefits | 100% foreign ownership, Zero taxes and duties, 100% repatriation of capital and profits, Modern port infrastructure, Strategic location with access to global markets, Transparent business regulations, Access to skilled labor market, Innovative support services from RAKMC authority |
| Drawbacks | Specific focus on maritime-related industries may limit suitability for some business types. |
| Specific Compliance Requirements | Compliance with UAE labor laws, Adherence to RAKMC regulations and guidelines |
