Ras Al Khaimah Economic Zone Business Setup | RAKEZ
Ras Al Khaimah Economic Zone (RAKEZ) in the emirate of Ras Al Khaimah, UAE is a powerhouse supporting startup businesses, SMEs, and global companies. It is a prominent free zone in the UAE, offering a strategic location and a business-friendly environment. The free zone houses more than 23,000 companies from 50+ sectors.
Established by the Government of Ral Al Khaimah, RAKEZ is one of the biggest free zones in the region with fast-track and cost-effective business setup processes. RAKEZ provides a range of solutions for businesses of all sizes and industries, making it an ideal choice for entrepreneurs and established companies alike.
If you are looking to set up your dream business in the UAE, Ras Al Khaimah Economic Zone could be your go-to destination for its extensive range of services and world-class facilities.
Why Set Up a Business in Sharjah Free Zones?
Ras Al Khaimah Economic Zone (RAKEZ) is a prominent free zone in the UAE, offering a strategic location and a business-friendly environment. It is one of the most attractive free zones for business setup in UAE among investors.
RAKEZ stands out for its cost-effective business setup options, strategic location with easy access to markets in the Middle East, Africa, Europe, and Asia, and a streamlined process for company formation. The economic zone offers a variety of business facilities, a wide range of license types, and an investor-friendly environment, making it a preferred choice for many businesses.
Benefits of Setting Up a Company in RAKEZ Free Zone
- 100% foreign ownership
- 100% repatriation of capital and profits
- 100% Exemption on imports and exports
- 0% tax on personal & corporate income
- Affordable company setup
- Permits 4000+ business activities
- Remote company setup
- Dedicate zones for business activities
- Land for development
- No currency restrictions
- Government incentives for investors
- Strategic location
Types of Licenses in Ras Al Khaimah Economic Zone (RAKEZ)
Ras Al Khaimah Economic Zone Authority permits over 4000+ business activities in the region, offering various license types. Here are some of the licenses offered by RAKEZ:
- Commercial Licence: Suitable for businesses involved in trading activities (imports, exports, distribution, etc)
- Educational License: For institutions providing training and academic services.
- General Trading License: For companies trading a variety of goods.
- E-Commerce License: Ideal for businesses operating online stores.
- Individual License: For single-person businesses that are operating independently.
- Industrial License: For businesses involved in manufacturing and industrial activities.
- Media License: Perfect for media-related businesses, including advertising, broadcasting, etc.
- Professional Licence: Geared towards professional services such as consulting and other services.
- Freelance License: Enables individual professionals to offer their services in various fields.
Business Activities Permitted in RAKEZ Free Zone
RAKEZ Free Zone permits a diverse array of businesses, including manufacturing, trading, logistics, educational institutions, and more. This flexibility allows entrepreneurs from various sectors to establish and grow their businesses within the zone.
Here are some of the best businesses to set up in Ras Al Khaimah Economic Free Zone:
- Trading Activities
- Media and Publishing
- Manufacturing and Industrial
- IT and Software Development
- Education and Training
- Tourism and Hospitality
- Financial Services
- E-commerce and Online Retail
- Healthcare and Medical Services
- Consulting and Professional Services
- Restaurants and Cafes
- General Trading
Range of Facilities Offered in RAKEZ
RAKEZ offers state-of-the-art facilities including modern office spaces, warehouses, and land for development. The zone provides access to business centers, labor accommodation, and customizable offices to meet the specific needs of businesses.
Additionally, RAKEZ offers support services like IT, logistics, and marketing to ensure seamless operations for companies.
RAKEZ consists of 7 different field-specific zones, including:
- Al Ghail Industrial Zone for industrial manufacturers
- RAKEZ Academic Zone for educational institutes and service providers
- RAKEZ Academic Zone for light and heavy industrial sector
- AL Hamra Business Zone for commercial and business activities
- Al Nakheel Business Zone for SMEs, freelancers, and businesses
- Al Hulaila Industrial Zone for heavy industries
How to Setup a Company in Ras Al Khaimah Economic Zone [Steps]
Follow these steps to launch your business in Ras Al Khaimah Economic Free Zone easily:
Choose a Business Activity
Decide on the type of business activity you want to pursue in RAKEZ.
Select a Company Structure
Choose the appropriate legal structure for your business, such as a Free Zone Establishment (FZE) or Free Zone Company (FZC).
Apply for a License
Submit the required documents and application form to obtain the relevant business license.
Lease Office Space
Select and lease suitable office space or warehouse facilities within RAKEZ.
Register Your Company
Complete the company registration process by submitting all necessary documentation and paying the required fees.
Receive Business License
After the approval from the RAK Free Zone Authority, you will receive your business trade license, allowing you to operate in the free zone.
Obtain Visas
Apply for visas for yourself, your employees, and dependents if needed.
Open a Bank Account
Open a corporate bank account in the UAE to facilitate your business transactions.
Start Your Operations
Once all formalities are completed, you can commence your business activities.
Set Up a Company in RAKEZ with Solutions FZCO
Solutions FZCO specializes in assisting businesses with their setup in RAKEZ. Our expert consultants provide end-to-end support, from choosing the right business activity and license to handling the documentation and registration process.
We have contacts and partnerships with local agencies in the UAE to ensure a smooth and hassle-free company formation experience in RAK Free Zone.
Let us help you navigate the complexities of setting up your business and take advantage of the numerous benefits RAKEZ has to offer.
