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RAK Maritime City Free Zone Authority

Approved Auditors in RAK Maritime City Free Zone Authority

RAK Maritime City Free Zone Authority (MCFZA) is one of the leading free zone authorities in the United Arab Emirates. Established in 2001, MCFZA is a part of Ras Al Khaimah Economic Zone (RAKEZ), a government-owned economic center located in Northern UAE. The goal of MCFZA is to provide an attractive business environment for international and domestic companies through various incentives such as tax exemptions, reduced operational costs, and access to world-class infrastructure.

Since its establishment, MCFZA has become renowned for providing high quality services that promote competitiveness and sustainability in all sectors of maritime industry including shipping, repair & maintenance services, trading activities, shipbuilding & conversion works.

RAK Maritime City Free Zone: A Modern and Flexible Hub

  • RAK Maritime City contributes significantly to RAK's economy by attracting foreign ex-pats looking to establish businesses in the Free Zone.
  • Furthermore, the marine city connects all businesses and currently houses hundreds of businesses of various sizes and industries.
  • It helps at every stage of the process, from forming the corporation from the first application, company registration, obtaining licences, permits, and residency, to launching the business with ease and in accordance with the law.

 

The Advantages of RAK Maritime City Free Zone Authority

The advantages listed below should be considered before establishing a business in RAK maritime city.

  • Complete foreign ownership
  • 100% tax exemption
  • There are no customs duties on import-export transactions.
  • Modern port infrastructure
  • Simple access to global markets
  • Transparent business rules and regulations
  • Access to the skilled labour market
  • Innovative support services for the RAK MC authority

 

License Categories in RAK Maritime City Free Zone Authority:

The following licences are used in RAK maritime city:

  • General Trading Permit

The company's general trade licence allows it to import, export, sell, distribute, and warehouse items. It has the capacity to run more than seven product lines.

  • Commercial Permit

The commercial licence enables the company to import, export, sell, distribute, and store goods.

  • Industrial Permit

An industrial licence holder is permitted to import raw materials and commodities for product production, processing, or assembly.

Entities allowed in the RAK Maritime City Free Zone:

A company in RAK Maritime City can be registered as one of the following entities:

  • Sole Establishment in a Free Zone
  • Free Zone Corporation
  • A local (UAE-based) company's branch
  • A foreign company's branch

 

Documents Required to Open a Business in RAK Maritime City:

The documents needed to start a business in RAKMC are listed below.

  • License application form and company incorporation
  • Certificate of registration
  • A brief overview of the company/project
  • Copy of both the owner's and the manager's passports
  • Bank statement demonstrating that you have sufficient funds for the company

 

From the beginning to the end, everything is regarded as critical. Because starting a business has numerous advantages, selecting a solid business solution is also critical.

Avail the Best Auditing Service from the Best Firm

Reyson Badger firm has been providing the best auditing services in RAK Maritime City Free Zone Authority for years. Our dedicated and professional team of accountants and auditors consistently provide reliable financial and audit reports to small business owners, multinational companies, government departments, and public sector organizations.

We offer a range of audit services such as internal/external auditsrisk assessment reviewscompliance reviews, and more. Reyson Badger’s team consists of experienced professionals who have extensive knowledge about legal requirements related to accounting and taxation in the Emirate of Ras Al Khaimah. With our expertise on local laws and regulations combined with international standards, we are able to deliver the highest quality audit reports that can help businesses identify opportunities for improvement in their operations.

Benefits of Reyson Badger auditing service in  RAK Maritime City Free Zone Authority:

  • Reyson Badger auditing service offers a plethora of advantages for businesses operating in the RAK Maritime City Free Zone Authority.
  • The company specializes in servicing clients and providing personalized business solutions to help companies reach their desired results.
  • Reyson Badger provides expert advice and guidance tailored to the needs of each individual business as well as proactive measures that can help us to stay ahead of potential problems.
  • The experienced staff at Reyson Badger are familiar with the laws and regulations applicable to businesses operating within RAK Maritime City Free Zone Authority, so we can provide sound advice on how best to comply with the relevant authorities.
  • We also have an extensive network of contacts, enabling them to access resources quickly and efficiently.
  • This enables businesses to benefit from cost-effective auditing services every step of the way - from initial start-up right through to ongoing management.

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