Blog

al

RAS Al Khaimah Media Free Zone

  • 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.

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

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

Leave a Reply

Your email address will not be published.