Ras Al Khaimah Media City free zone Company Formation

Business Setup Services | Ras Al Khaimah Media City free zone

All the companies that have operations in the media industry Ras Al Khaimah Media City is a leading entertainment hub. An alternative to Dubai Media City and provide more places for media It was established in the year 2006 and has been providing benefits for media-oriented business owners and investment opportunities for investors. RAKFTZ authority controlled and rules the RAK Media City and another free zone like RAK Free Trade Zone which is to improve the economy and develop the local place. Rak Media becomes a viable source for living as compared to the cost of living in Dubai free zones. RAK FTZ dedication towards providing international standard facilities, pre-built offices, great business infrastructure, and media-related business licenses attract the investors to open their business.

In the past couple of years RAK Media City has been growing at an unprecedented pace Economically speaking. Its business-friendly environment regulations, favorable towards media industries, have made it a fine destination for the media and entertainment sector to develop. There is no tax on media companies who want to shoot film, radio show, televisions with no extra tax to promote and boost the Media culture.

Benefits of business setup in RAK Media City

  • Advantages RAK Media City provides
  • 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

Types of Business Licenses in RAK Media City

  • License Type Purpose
  • Publishing License For publishing magazines, educational & professional books, consumer books, promotional content, e-books, directories & guides
  • Broadcasting License For tv & radio broadcasting
  • Filmed Entertainment / Production & Post Production License For the aim of film production & distribution, media content management & provider, film content rights management, production, post-production, and animation
  • Media & Marketing Services License For marketing, promotional services, advertising/communication & PR agency, property rights management, media placement, buying & selling, media representation
  • Business & Information Services License For any press agency, media research & information services
  • Music & Entertainment License For music production & recordings, music distribution, music publishing, music label & rights management, promotion & management, event management, theme parks management, sports management
  • New Media & Media Support Services License For web designing & management, interactive services, media software development & integration, access spending, multimedia software development, digital media management
  • Service Provider License Restaurant, stationary, medical clinic, salon, bookstore, kiosk, banking services, interior & set decorator, music & video, agency, laundry, insurance service provider
  • Consultancy License Legal consultancy, accounting/auditing consultancy, human resources consultancy, marketing, management, project management, marketing entire film and media city

RAK Media City free port Company Formation

The business setup process in RAK Media City takes a really systematic way which is both fast and under the legal boundary. It involves the subsequent steps:

  • Deciding on one’s business nature/activity type
  • Designing an in depth plan for the business
  • Selecting a reputation for the corporate, and reserving it
  • Depositing the specified minimum capital amount within the checking account of the corporate in RAK Media City
  • Determining the human resource required to run the corporate
  • Registering your business under the rules RAK free port Authority
  • Completing the business licensing requirements
  • Obtaining the shareholder(s)’ signatures on the corporate formation documents, with the completion of other business setup formalities within the presence of RAK Media City authorities

Documents Required for RAK Media City Company Formation

  • Proof of 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 every shareholder and manager
  • Lease agreement

Note: Additional documents could be requested by the authorities counting on the sort of license and business type.

Our Role

Branches is a licensed agent in RAK International Corporate Centre (RAK ICC), which helps all kinds of entrepreneurs and start-ups in fixing their business in RAK FTZ or RAK Media City. we'll lookout of all the documentation, registration process, licensing, taxation and other legal procedures of our clients. we offer our clients with business consulting & support and minimize your efforts in order that you specialize in the larger picture of your business.

BCM Corporate Services Can Help You !

1. GET A VISA WITH FLEXI-DESK:

While Dubai World Trade Centre Free Zone is home to a large number of multinational corporations, it’s also very popular with smaller businesses – and its flexi-desk package is a big reason. Flexi-desk is perfect for entrepreneurs who don’t want to commit to permanent physical office space, but still require the ad-hoc use of office equipment and facilities such as meeting rooms. But the key benefit here is that with DWTC’s flexi-desk package you can apply for multiple visas.

2. NO NEED TO COMMIT TO OFFICE SPACE:

For those who require more flexibility than a flexi-desk, Dubai World Trade Centre allows you to set up shop without committing to any office space at all – simply register your business in the free zone and work from wherever you wish. If an office is a requirement, however, DWTC has you covered here as well. Entrepreneurs have the option of taking permanent office space in DWTC’s business centre – currently located in Sheikh Rashid Tower but soon to move to brand new facilities in the coming months.

3. STRAIGHTFORWARD AND AFFORDABLE SETUP:

Whatever type of business you wish to form, Dubai World Trade Centre company setup is fast, simple and affordable. Starting a Free Zone Establishment (FZE), a Free Zone Company (FZCO) or a branch of an existing business in DWTC can be very reasonable. In fact, for the flexi-desk option it may be as low as AED 41,000. As for the process, all is taken care of through the Dubai Department of Economic Development (DED) special project counter and therefore follows the standard DED company formation process.

4. NO REQUIREMENT FOR NOC FROM A LOCAL SPONSOR:

Another reason why Dubai World Trade Centre Free Zone appeals to smaller businesses is that it does not require entrepreneurs to provide a No Objection Certificate (NOC) from a current employer. This is ideal for first time entrepreneurs wishing to set up side businesses within the free zone while still employed.

5. A VARIETY OF BUSINESS TYPES AVAILABLE:

Perhaps the biggest reason why DWTC is one of the UAE’s most bustling business hubs is that it is open to such a wide variety of businesses. Entrepreneurs wishing to set up here can select any DED listed business activity – that’s a choice of over 2,000 from industries as diverse as agriculture, construction and finance.

6. SHARE CAPITAL REQUIREMENTS:

To set up in Dubai World Trade Centre Free Zone you simply deposit AED 300,000 in paid upfront share capital and provide proof that you have done so. While this is certainly a barrier for some, it’s a relatively small cost for setting up in such a prestigious location. If you wish to set up a branch of an existing company, no share capital is required.

7. NO AUDITING OR BOOK KEEPING REQUIRED:

Anything that can lighten the administrative burden can only be a good thing. Fortunately, Dubai World Trade Centre is on hand to help. Not only is there no annual audit for DWTC businesses but there’s also no ongoing book keeping requirements.

8. EASY TO ARRANGE YOUR CORPORATE BANK ACCOUNT:

Another way DWTC can help to reduce admin is by assisting with the opening of your corporate bank account. As well as advising you on the best banks to suit your needs, Dubai World Trade Centre staff can also arrange meetings with your chosen financial institutions should you so wish.

9. EASY TO SPONSOR DEPENDANTS:

As well as making it easy to apply for your own visa, it’s also straightforward for entrepreneurs in Dubai World Trade Centre to sponsor dependants for their residence visas as well. Whether you wish to sponsor a maid, driver or family member, the process is relatively easy – entry permit, status adjustment, medical fitness test, then Emirates ID registration and visa stamping. As this is such an important process, it’s a good idea to get advice from an expert in setting up UAE free zone businesses. This ensures that before you start an application, both you and those you’re hoping to sponsor meet all of the entry criteria.

10. SET UP WITH MULTIPLE SHAREHOLDERS:

Another major draw for large businesses toward Dubai World Trade Centre is that it allows for setup with multiple shareholders – which can be individuals, corporate entities or a combination of the two. Entrepreneurs wishing to set up such a business simply need to register a Free Zone Company.

11. WORLD CLASS LOCATION AND FACILITIES:

Dubai World Trade Centre’s strategic location is yet another factor behind its tremendous popularity. Its transport links include the Dubai Metro and close proximity to Al Maktoum International Airport. Plus, at the heart of its complex is the Dubai International Convention and Exhibition Centre making DWTC the perfect home for entrepreneurs looking to network, collaborate and engage with likeminded professionals from around the world.

12. COMPETITIVE EDGE:

Dubai World Trade Centre’s location, coupled with its low setup costs can offer businesses a real competitive edge. At the heart of Dubai’s financial district, next door to Dubai International Financial Centre, DWTC offers businesses a prestigious office address without the sky-high costs usually associated with the area.

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Company Registration Service in Ras Al Khaimah Media City Free Zone Know business setup cost & Package with Tariff for Ras Al Khaimah Media City Free Zone. You will get Ras Al Khaimah Media City Free Zone Office at affordable cost, You can see several new companies in Ras Al Khaimah Media City Free Zone generating good Revenue. Read on Ras Al Khaimah Media City Free Zone Jurisdiction and Benefits of setting up of company in Ras Al Khaimah Media City Free Zone. We help you getting Business License in Ras Al Khaimah Media City Free Zone. Rules & Regulations in Ras Al Khaimah Media City Free Zone are similar to other free zones in UAE. You might have read about the activities, advantages employee benefits of Ras Al Khaimah Media City Free Zone. Get a quote today and know about license fees & trade license cost towards establishment of Ras Al Khaimah Media City Free Zone.

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