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Business Setup in RAK Free Zone
Quick Start Your Business in RAKEZ
Gatestone Group offers top-notch services for affordable and fast company formation in Ras Al Khaimah Economic Zone (RAKEZ). With extensive experience and a dedicated staff, we simplify the entire process, making it profitable and transparent. We provide constant support from choosing licenses and legal structures to visa processing, preparation of paperwork, and finding an office space. We collaborate closely with each client to deliver optimal solutions for launching startups to large international firms. Besides this, we also provide professional assistance for Mainland business setup in Dubai and Offshore company formation in UAE. Consult today!
A Detailed Overview
Ras Al Khaimah Economic Zone (RAKEZ) is a consolidated entity designed to manage and serve the clients of two free zones: RAK Free Trade Zone (RAK FTZ) and RAK Investment Authority (RAKIA). It acts as a strategic investment platform connecting entrepreneurs and investors to rapidly expanding markets in the Middle East, North Africa, Europe, South Asia, and Central Asia. By offering bespoke solutions for company development in free zones and non-free zones, RAKEZ stands out as a supportive business center. It is a prominent location, attracting freelancers, solo entrepreneurs, startups, SMEs, and industrial enterprises.
Key Features
Licensing Options for RAK Free Zone Company Setup
for wholesale, retail and export-import activities
for manufacturing and assembly enterprises
for consulting, IT, marketing, education
for online platforms and internet stores
for specialists in media, design, IT and other spheres
for trainings, schools, educational programs
for legal, financial, medical and technical services
for advertising, publishing, content creation
for general trading and retail trade
RAKEZ Legal Structures
| Legal Structure | No. of Shareholders | Description |
|---|---|---|
| Individual Establishment | 1 | Suitable for solo entrepreneurs who want full ownership and control |
| Limited Liability Company (LLC) | 2–50 | Offers limited liability to partners and is allowed to operate in the local UAE market |
| Free Zone Establishment (FZE) | 2 or more | Ideal for businesses operating within the RAKEZ free zone with more than one shareholder |
| Free Zone LLC (FZ LLC) | 1–50 | Offer flexibility of ownership in the RAKEZ free zone with tax benefits and foreign ownership |
| Branch of a UAE Company | N/A | Extension of an existing UAE-registered company within RAKEZ |
| Branch of a Foreign Company | N/A | Allows international companies to establish a branch in RAKEZ and access UAE and GCC markets |
Stages of Company Incorporation
Below is the step-wise procedure for RAK Free Zone Company Setup
Consultation and determination of the type of activity
Choice of legal form and license
Selection of name and office type
Collection and submission of paperwork
Receiving preliminary approvals
Opening of bank account
Payment and signing of agreements
Required Documentation
- Application
- Copies of passports
- Emirates ID (if available)
- Passport size pictures
- Copy of visa and entry stamp (if applicant is in UAE)
- NOC from employer (for UAE residents)
- Ultimate Beneficiary Owner declaration form and passport copy
- Business Plan
Besides the above papers, you must present the following for the free zone and non-free zone branches:
- Board Resolution
- Copy of a valid license
- Memorandum of Association (MOA)
- Articles of Association (AOA)
- Certificate of Registration
- Certificate of Good Standing
Advantages of Business Setup in RAK Free Zone
- 0% corporate tax on Qualifying Income
- 100% foreign ownership
- Absence of currency restrictions
- Full repatriation of capital and profits
- Flexible visa packages
- Simple registration process
- Competitive rates for licenses and rent
- Fast issuance of residence visas
- Numerous permits in a variety of industries
- Support for women's entrepreneurship
- Ready to move in workspaces (flexi desk & flexi office)
- Dedicated zones for industrial, academic & business activities
- Warehousing and storage facilities
- Secretarial and Business Centre services
