Rak Free Zone
Formation Establishment Incorporation of a Company in Ras Al Khaimah Economic Zone (RAKEZ)
Ras Al Khaimah Economic Zone (RAKEZ) is one of the leading free zones in the UAE, offering a comprehensive range of business setup options for entrepreneurs, SMEs, and large enterprises. Located in the emirate of Ras Al Khaimah, RAKEZ provides an ideal environment for a wide variety of business sectors, including manufacturing, trading, and services. The zone is known for its competitive pricing, flexible solutions, and excellent infrastructure.
Steps to Form a Company in Ras Al Khaimah Economic Zone (RAKEZ)
1
Choose a Business Activity:
RAKEZ offers over 50 business activities across sectors like trading, manufacturing, services, consultancy, e-commerce, media, and more. Select a business activity that aligns with your business goals.
2
Select a Legal Structure:
- Free Zone Establishment (FZE): For a single shareholder company.
- Free Zone Company (FZC): For multiple shareholders.
- Branch Office: For companies looking to open a branch in the UAE.
3
Reserve a Trade Name:
Choose a trade name for your company that follows the RAKEZ naming conventions and reflects your business activity.
4
Submit Initial Application:
Complete the application form and submit the necessary documents, including shareholder details and business activity.
5
Prepare Required Documentation:
- Passport copies of shareholders and directors.
- Passport-sized photographs.
- Proof of address for shareholders and directors.
- No Objection Certificate (NOC) for UAE residents (if applicable).
6
Choose an Office Space:
RAKEZ offers a variety of office options including flexi-desks, executive offices, and warehouse facilities. Choose the space that best suits your needs.
7
Pay the Fees:
Pay the registration fees, license fees, and any additional charges based on the type of business activity and office space.
8
Obtain the Business License:
Once the application is approved, RAKEZ will issue your business license and Certificate of Incorporation.
9
Open a Corporate Bank Account:
Use your company’s legal documents to open a corporate bank account in the UAE.
10
Apply for Visas:
Depending on the office space and business activity, apply for visas for investors, employees, and dependents.
Advantages of Setting Up a Company in Ras Al Khaimah Economic Zone (RAKEZ)
Strategic Location:
RAKEZ is strategically located in Ras Al Khaimah, offering easy access to major shipping routes, nearby ports (such as the Port of Saqr), and the Ras Al Khaimah International Airport, making it ideal for businesses focused on trade, manufacturing, and logistics.
100% Foreign Ownership:
RAKEZ allows full foreign ownership of companies, providing entrepreneurs with complete control over their businesses without the need for a local sponsor or partner.
Tax Benefits
- 0% corporate and personal income tax for up to 50 years (renewable).
- No customs duties on imports and exports.
- No restrictions on the repatriation of profits or capital.
Cost-Effective Setup:
RAKEZ is known for offering affordable business setup solutions, making it an attractive choice for startups, small businesses, and large enterprises looking to minimize overhead costs.
Flexibility in Business Activities:
RAKEZ caters to a broad spectrum of industries and offers flexibility in business licensing, allowing you to customize your business setup according to your specific needs and goals.
Repatriation of Profits and Capital:
RAKEZ allows full repatriation of profits, capital, and dividends, giving business owners the freedom to manage their finances efficiently.
No Currency Restrictions:
Businesses in RAKEZ can operate in any currency, which facilitates smooth international transactions.
Easy and Quick Setup Process:
The company registration and licensing process is straightforward and quick, allowing businesses to get started without unnecessary delays.
Visa and Residency Benefits:
RAKEZ offers a wide range of visa options for employees, investors, and their dependents. The number of visas available depends on the office space you select, providing greater flexibility for businesses of all sizes.
World-Class Infrastructure:
RAKEZ provides top-tier office spaces, warehouses, and industrial facilities with modern amenities that meet international business standards.
No Minimum Capital Requirement:
RAKEZ does not have a minimum capital requirement for most business types, making it an attractive option for small to medium-sized enterprises (SMEs).
Access to Skilled Labor:
Being in proximity to a major business hub, RAKEZ provides access to a skilled labor force, with a wide pool of talent from across the globe, especially in industries like manufacturing, logistics, and IT.
Supportive Business Ecosystem:
RAKEZ offers a range of services to support business growth, including legal, accounting, marketing, and administrative services. The zone also has a strong network of businesses, creating opportunities for collaboration and expansion.
Warehouse and Industrial Facilities:
RAKEZ offers competitive and customizable warehouse and industrial space, making it a top choice for manufacturing, logistics, and distribution businesses.
Sustainability and Green Initiatives:
RAKEZ promotes sustainable business practices with a focus on environmental responsibility, making it an ideal choice for businesses with green initiatives.
VALUES
WHY US
Why Choose Ras Al Khaimah Economic Zone (RAKEZ)?
RAKEZ offers a compelling business environment for both entrepreneurs and large enterprises. Its strategic location, tax exemptions, cost-effective setup options, and world-class infrastructure make it an ideal choice for businesses across multiple sectors.
Whether you are starting a small business, expanding your operations, or establishing a branch of an international company, RAKEZ provides the necessary tools and support to succeed in the UAE and global markets. Its flexible business licensing options and competitive pricing structure make it one of the most attractive free zones in the region.