Ras Al Khaimah Economic Zone (RAKEZ) Business Setup
- Company Setup from AED 5,499 (no visa setup)
- Registration in 2 weeks
- Bank account Guaranteed
- Residence visas for 2 years
About RAKEZ (ex. RAK FTZ)
Ras Al Khaimah Economic Zone is referred to as RAKEZ. Many people consider this free zone to be among the most well-known and alluring for setting up a business in the United Arab Emirates, both domestically and internationally. It has a seaport nearby and is located close to RAK Airport, making it a highly advantageous location.
More than 18,000 businesses, including manufacturers, freelancers, SMEs, entrepreneurs, and startups, consider the Ras Al Khaimah Economic Zone home. Free zone, non-free zone, off-shore, and mid-shore free zone company setups are supported by this worldwide commercial and industrial hub that spans more than 50 industry sectors.
Opening personal and commercial bank accounts will be simpler and quicker because of Dubai banks’ strong trust in RAKEZ business licenses.
It was created following the merger of the RAK Investment Authority (RAKIA) and the Ras Al Khaimah Free Trade Zone (RAK FTZ). This connection resulted from a vast free zone with a wide range of services.
The seven distinct field-specific zones that make RAKEZ are as follows:
- Large industrial manufacturers are the focus of the AL Ghail Industrial Zone.
- Al Hamra Industrial Zone is appropriate for businesses operating in both light and heavy industries.
- Leading worldwide educational institutions and service companies are located in the RAKEZ Academic Zone.
- Al Hulaila Industrial Zone for manufacturers of heavy industries.
- Al Nakheel Business Zone, which has excellent business hubs for independent contractors and small businesses, and
- AL Hamra Business Zone is a business area that offers access to residential and entertainment amenities as well as commercial, industrial, and logistics hubs.
Is RAKEZ suitable for your business?
— Yes If you
Plan to launch or expand a manufacturing, industrial, or assembly company because of the ready-made warehouses and industrial land plots that are available, as well as the area’s proximity to the possess and RAK Airport.
- If you want to have an executive office but are not necessarily close to Dubai or Abu Dhabi, RAKEZ has a good range of offices in various sizes, with a flex desk facility serving as the bare minimum.
- Are independent contractors (individual professionals) or remote workers (digital nomads)? The free zone provides a range of offices, co-working spaces, and flex desks, and the setup fee is affordable. The Ajman Free Zone, however, provides the most affordable freelance package.
- Are female entrepreneurs since RAKEZ has a specific product for women called BusinessWomen that is 40% less expensive?
- Combine activities supported by mainland and free zone arrangements into a single business. In this situation, a mid-shore setup—RAKEZ’s exclusive Global product—might be something to consider.
No, if you wish to be in Dubai or Abu Dhabi and require a real office there. In this situation, you can establish a business in one of the free zones in Dubai.
— No If you
wish to be in Dubai or Abu Dhabi and require a real office there. In this situation, you can establish a business in one of the free zones in Dubai.
RAKEZ company formation process
Setting up a business in Ras Al Khaimah takes roughly a week. Although a physical visit is necessary, you can visit the zone’s representative office in Dubai instead of travelling all the way to Ras Al Khaimah.
FZEs (Free Zone Establishments) with one shareholder, FZCs (Free Zone Companies) with two to five shareholders, and branches of domestic and international businesses are among the company creation types in RAKEZ.
The Ras Al Khaimah company register is kept private and is not accessible to the general public. After you have paid the free zone, you will receive a 100% refund if your setup fails for any reason—including force majeure. This sets up the advantages of the RAKEZ free zone and explains why business owners worldwide decide to establish their companies there.
Company registration procedure in RAKEZ
- Based on your requirements for your business strategy, operations, number of shareholders, etc., select the legal entity and license type for your potential free zone enterprise.
- Compile the necessary paperwork in compliance with the free zone’s rules, send it in with a completed application, and pay the fees.
- Execute the lease agreement for the free zone property. Additionally, submit the contract to the RAKEZ authorities.
- Get your company’s incorporation documentation if your application is accepted.
- Get a resident visa and undergo a medical examination.
- Wait for your Emirates ID card once the visa has been approved.
- In the UAE, apply for a corporate bank account. The bank’s approval can sometimes take a month.
- After obtaining the account information, you can begin operating your company in the UAE.
Don't miss out on this limited-time opportunity!
We'd Love To Hear From You
contact us
Find us Here
Office No 20, 4th Floor, Al Moosa Tower 2,
Sheikh Zayed Road Dubai, United Arab Emirates P.O. Box 27614.
Get In touch
+971 4 824 4842
info@jsbincorporation.com
Send Your Inquiry
License Cost in DAZ free zone
RAKEZ license package fees are the lowest:
| TYPE OF LICENCE | COST IN AED |
|---|---|
|
Zero-visa Commercial/Services/Media/E-Commerce/Education package |
5,499 |
|
1 visa Individual/Professional package |
13,000 |
|
1 visa Commercial/Services/Media/E-Commerce/Education package |
13,500 |
A mix of general trading and e-commerce licenses can also be obtained under the one visa beginning package. The other license is free, and you can select either of them as the primary license.
RAKEZ licenses and business activities
The Ras Al Khaimah Free Trade Zone Authority frequently launches sales and discounts. The pricing is affordable, starting at 5,499 AED for a zero-visa firm with a one-year contract.
Additionally, RAKEZ offers Business Women, a unique offering for women, at 40% less than regular costs. You can choose any package and any activity and just pay less if you’re a woman!
In addition, you can sign up for a three-year package if you wish to save money over time. In this instance, a 25% discount will be applied. Additionally, the organization will provide all resident visas at no cost.
Here is a table with licenses offered by RAKEZ:
| License Type | Activities Allowed |
|---|---|
|
Commercial |
Trading in goods and services |
|
Educational |
Establishing educational institutions and consultancies |
|
E-Commerce |
Trading goods and services electronically |
|
General Trading |
Trading in multiple goods |
|
Professional |
Providing professional services |
|
Industrial |
Manufacturing, importing, packaging, and exporting goods |
|
Media |
Media-related business activities |
|
Service |
Offering various services and consultancies |
|
Tourism |
Operating tourism-related businesses |
|
Business Invest |
Various types of investments |
|
Freelance Permit |
Ideal for independent professionals offering services in various fields |
A Ras Al Khaimah business license is available for various commercial operations.
When compared to other free zones in the United Arab Emirates, RAKEZ has one of the widest ranges of activities. Activities are separated into licensing categories, which are further subdivided into several groups, each of which has a list of activities.
A certificate confirmed by the UAE Embassy in the country of origin should serve as proof of a company manager’s proper educational degree, which is required for some operations. These kinds of tasks are typically associated with professional services that call for specific credentials, like:
- Bookkeeping and accounting.
- Design and consulting for architecture.
- Aviation consultancy.
- Consulting for communication engineering, among other things.
Due to RAKEZ’s compliance with substance requirements, numerous activities are now subject to them. Special requirements will need to be met for their registration, including:
- A warehouse or a specific office location.
- Submitting a plan for the company.
- The management of the company has a resident visa sponsored by the company.
Overview of RAKEZ Global Product
By combining the advantages of offshore and free zone installations, RAKEZ provides a Mid-Shore Free Zone Company. This concept enables corporate re-domiciliation to RAKEZ and is perfect for foreign investors.
With possibilities for co-working spaces, physical offices, warehouses, and leased property, the Business License Package enables a range of activities, including media, e-commerce, commercial services, and RAKEZ industrial licenses.
Business package details
| Facility Type | Annual Fee (AED) | Visa Eligibility |
|---|---|---|
|
Shared Workstation |
10,535 |
2 |
|
Dedicated Workstation |
15,035 |
4 |
|
Executive Office |
17,035 |
6 |
- Starting a remote business without physical presence.
- Simple RAKEZ Portal registration and renewal.
- Visas for residency in the UAE and bank accounts in UAE banks.
- Access to more than 100 double taxation treaties and no business tax.
For holding corporations, trading, e-commerce, and industrial manufacturers, RAKEZ Global Product is perfect.
RAKEZ facilities
For any business, but particularly for entrepreneurs needing storage facilities, Ras Al Khaimah company incorporation would be a wise choice. RAKEZ provides land plots for development as well as a large number of ready-to-use, adaptable spaces for staff housing and storage. These locations offer all the advantages of a Jebel Ali business setup, but they are far more affordable.
The Ras Al Khaimah Economic Zone’s offices are in Abu Dhabi and RAK. In any of these emirates, you can choose between a smart office and a flex desk. The price will be roughly 2,000 AED more in Abu Dhabi.
Office kinds are related to the number of eligible visas and range from executive offices to co-working spaces with flex desks.
| Facility Type | Description | Key Benefits |
|---|---|---|
|
Co-working Spaces |
Flexible workspaces ideal for entrepreneurs/freelancers or startups. |
Located in Compass Coworking Centre; fosters collaboration and networking. |
|
Serviced Offices |
Premium offices offering both privacy and a professional setting. |
Situated in prime business centers; fully serviced with essential amenities. |
|
Standard Offices |
Affordable private offices designed for SMEs. |
Cost-effective option for building a market presence.
|
|
Executive Offices |
Spacious offices tailored for growing companies. |
Accommodates larger teams; equipped with advanced facilities. |
|
Shell & Core Offices |
Undeveloped spaces ready for tenant customization. |
Flexibility to design according to specific business needs. |
|
Warehouses |
Customizable warehouses in various sizes. |
Close to seaports and airports; suitable for storage and distribution needs. |
|
Industrial Land |
Extensive plots available for large-scale operations. |
Suitable for industrial development and expansion. |
|
Staff Accommodation |
Ready-made staff and labor housing in industrial zones. |
Convenient on-site accommodation for workers, enhancing productivity. |
|
Flexi-Desk |
Flexible desk spaces in RAK and Abu Dhabi. |
Cost-effective option with eligibility for fewer visas; slightly higher cost in Abu Dhabi. Minimum company setup requirement. |
|
Smart Offices |
Modern office spaces in RAK and Abu Dhabi. |
High-end office facilities with additional costs in Abu Dhabi, catering to various business needs. |
RAKEZ company license renewal
Renewing a Ras Al Khaimah business license is 1,000 AED less expensive than incorporation. It is possible to renew without the shareholder being present in person.
RAKEZ specifies that the enterprises undergo financial audits. It needs to be turned in at the end of your fiscal year, which is December by default, but you can choose another month.
RAKEZ company renewal procedure
Fill out an application >> Make the renewal payment >> Get your license.
RAKEZ company amendments and regulations
The company is subject to change at any time. The following changes are among the most common ones:
- Shareholders/managers
- Company name
- Business activity
- Office facility
The manager or shareholder must be present in person to submit an amendment application.
RAKEZ company amendment procedure
Visit RAKEZ representative office >> Pay the amendment fee >> Receive the amendment confirmation.
The closing of a Ras Al Khaimah free trade zone firm takes roughly three to four weeks. Before applying for the company’s liquidation, make sure to cancel all of the visas associated with it.
The government must pay 3,500 AED to close the business.
RAKEZ company liquidation procedure
Visa cancellation >> Bring the original copies of your documentation and the signed cancellation form to the representative office of RAKEZ >> Get confirmation of liquidation.
RAKEZ residence visa: procedure and cost
If you hire a pre-made executive office, the packages start with zero visas and run up to four. Of course, since you would need to hire more employees, your business will be eligible for additional visas if you rent a warehouse.
Although it is not necessary for RAKEZ business owners, health insurance is for dependents if you open family visas.
Conclusion
Establishing a business with JSB Incorporation in the Ras Al Khaimah Economic Zone (RAKEZ) is a strategic choice for entrepreneurs seeking a streamlined and cost-effective process.
RAKEZ offers a dynamic environment with modern infrastructure, various license options, and tax benefits that foster business growth. JSB Incorporation’s expertise ensures a hassle-free setup and guides clients through every step with precision and efficiency. Get started with your company formation today with us.
FAQs
RAKEZ is a business hub in the United Arab Emirates that provides investors and businesses with strategic sites and affordable solutions.
RAKEZ provides e-commerce, trade, service, industrial, and freelancing licenses for various commercial activities.
Depending on the kind and accuracy of the papers, forming a company in RAKEZ can take as little as one to three working days.
RAKEZ offers access to international markets, tax benefits, reasonably priced office space, and 100% foreign ownership.
Yes, for companies that don't need actual office space, RAKEZ provides virtual office and flexi-desk options.
Don't miss out on this limited-time opportunity!
We'd Love To Hear From You
contact us
Find us Here
Office No 20, 4th Floor, Al Moosa Tower 2,
Sheikh Zayed Road Dubai, United Arab Emirates P.O. Box 27614.
Get In touch
+971 4 824 4842
info@jsbincorporation.com