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Ras Al Khaimah Media City Freezone

RAK Media City

 

About Ras Al Khaimah Media City Free Zone

Ras Al Khaimah Media City is a leading business hub for all the companies that have operations in the media industry.

It was established in the year 2006 as an alternative to Dubai Media City Freezone and has been providing opportunities for media-oriented business owners and investors.

RAK Media City is controlled by the Ras Al Khaimah Free Trade Zone (RAKFTZ) Authority which guarantees a streamlined business setup procedure.

Business owners are attracted towards RAK Media City due to its dedication towards providing world-class facilities, great business infrastructure, pre-built offices, and media-related business licenses.

Benefits of Company Setup in RAK Media Free Zone

Ras Al Khaimah Media City Free Zone offers a vibrant and favorable climate for media businesses  to prosper and expand. The benefits it provides are:

  • 100% foreign ownership
  • 100% repatriation of capital and profit
  • Tax exemption on personal income
  • Low corporate tax
  • Customs duty-free for all import-export items
  • No restrictions on currencies
  • Range of office spaces availabl

Business Licenses offered by RAK Media Free Zone

Obtaining a business license is a prerequisite for establishing a company in Ras Al Khaimah Media City Free Zone.

It is necessary that you apply for the right license according to the type of business. Let’s examine the licenses that are offered in the RAK Media City free zone:

  • Publishing License
  • Consultancy License
  • Broadcasting License
  • Media & Marketing Services
  • Music & Entertainment License

How to start a business in RAK Media Free Zone?

The process of business setup in the RAK media-free zone is as follows:

1. Choose Your Business Activity

Establishing a business in the Ras Al Khaimah Media Free Zone begins with choosing your business activity. You can engage in various commercial activities in this free zone. It is imperative that you as a business owner, decide which activities you wish to do and which license is right for your business before establishing it

2. Pick a Trade Name

Your trade name will serve as the operating name for your company, so picking a name that is distinctive, memorable, and simple to say is crucial.

3. Apply For a trade License

The next stage in opening a business in the Ras Al Khaimah Media City Free Zone is to apply for a free zone trade license after registering your trade name.

To legally operate a business in the RAK Media Free Zone, you must obtain a trade license, which permits you to carry out the chosen business activity there.

You must submit the following documents for company formation in RAK Media City Free Zone are:

  • Completed application form
  • Passport copies of shareholders and directors
  • Proof of residence of shareholders and directors
  • Passport size photo

4. Get Your Business License

Upon approval of your application from the RAK Media City Free Zone Authority, you will be issued a trade license to conduct business within the free zone.

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