Ras Al Khaimah Media Free Zone
Ras Al Khaimah Free Trade Zone Authority, Ras Al Khaimah
Description
RAK Media City is a leading entertainment hub for companies operating in the media industry, offering world-class facilities, excellent business infrastructure, pre-built offices, and media-related business licenses.
| Emirate | Ras Al Khaimah |
| Contact Info | |
| Year Established | 2006 |
| License Types | Publishing License, Consultancy License, Broadcasting License, Media & Marketing Services License, Music & Entertainment License |
| License Cost | License costs vary depending on the type and scope of business activities. |
| Formation Cost | Formation costs depend on the chosen business package and facilities. |
| Minimum Capital Requirement | No specific minimum share capital requirement is mentioned. |
| Allowed Business Activities | Publishing, Consultancy, Broadcasting, Media and Marketing Services, Music and Entertainment |
| 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 | Pre-built Offices, Customizable Office Spaces, Flexi-desks |
| 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. |
| Governing Laws | Subject to UAE federal laws and regulations. |
| VAT Registration Required | Yes |
| Corporate Tax Applicable | No |
| Annual Audit Required | Yes |
| Renewal Fees | Renewal fees vary based on the license type and business activities. |
| 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, 100% repatriation of capital and profits, Tax exemption on personal income, Low corporate tax, Customs duty-free for all import-export items, No restrictions on currencies, Range of office spaces available |
| Drawbacks | Specific focus on media-related industries may limit suitability for some business types. |
| Specific Compliance Requirements | Compliance with UAE labor laws, Adherence to RAK Media City regulations and guidelines |
