Originally established to amalgamate the specialized zones and clientele of the RAK Free Trade Zone (RAK FTZ) and the RAK Investment Authority (RAKIA), RAKEZ has evolved into a comprehensive business ecosystem. Offering tailored solutions for both non-free zone and free zone companies, RAKEZ provides a haven for freelancers, solo entrepreneurs, startups, SMEs, and industrialists across a spectrum of over 50 thriving industries.
With a strategic location in Ras Al Khaimah, one of the seven emirates of the UAE, RAKEZ enjoys proximity to major markets, making it an ideal choice for businesses seeking global connectivity. The diverse range of business solutions at RAKEZ caters to the unique needs of various industries, ensuring that startups, SMEs, and large corporations find the perfect environment to flourish.
Unique Features of RAKEZ
- RAKEZ’s strategic location connects you to thriving regional and international markets via air, sea, and land, opening doors to immense growth potential.
- World-class infrastructure, including dedicated logistics facilities and state-of-the-art ports, ensures seamless trade and efficient operations.
- Clear regulations and transparent procedures
- Competitive pricing and flexible payment options make setting up and operating your business a financially sound decision.
Types of licenses available in RAKEZ
- General Trading License
- Commercial License
- Educational License
- E-commerce License
- Professional License
- Industrial License
- Media License
- Service License
- Freelance Permit
Benefits of setting up a business in RAKEZ
- 0% corporate tax on Qualifying Income
- 100% foreign ownership
- No currency restrictions
- 100% repatriation of capital and profits
- Transparent rules and regulations
- Easy procedure for registering a business
- Connectivity to highways and logistical centers
- Visas for residency in the UAE are issued quickly
- Numerous licenses in a variety of industries
FAQs
The process of setting up a company in RAKEZ mainly includes:
- Choose the type of license
- Choose your type of facility
- Choose a company name and structure
- Submit the signed application forms with required documents
- Obtain initial approval
- Obtain commercial registration (CR)
- Open a corporate bank account
The documents required for company formation in RAKEZ include but not limited to:
For setting up FZ LCC and LLC:
- Application form
- Passport copies and passport-size photo of all shareholders, directors, and authorised signatories
- UAE Residence Visa or Emirates ID Copies (if the shareholder is a UAE resident)
- Ultimate Beneficiary Owner declaration form and passport copy
- Business Plan
The documents required for company formation in RAKEZ include but not limited to:
For setting up FZ LCC and LLC:
- Application form
- Passport copies and passport-size photo of all shareholders, directors, and authorised signatories
- UAE Residence Visa or Emirates ID Copies (if the shareholder is a UAE resident)
- Ultimate Beneficiary Owner declaration form and passport copy
- Business Plan
For setting up a Free zone or non-free zone branch:
- Application form
- Passport copies and passport-size photo of all shareholders, directors, and authorised signatories
- UAE Residence Visa or Emirates ID Copies (if the shareholder or general manager is a UAE resident)
- Ultimate Beneficiary Owner declaration form and passport copy
- Board Resolution
- Business Plan
- Copy of valid trade license
- Memorandum of Association (MOA)
- Articles of Association (AOA)
- Certificate of Registration
- Certificate of Good Standing
The permitted legal entities in RAKEZ are:
- Individual Establishment
- Limited Liability Company (LLC)
- Free Zone Establishment (FZE)
- Free Zone Limited Liability Company (FZ LLC)
- Branch of a UAE company
- Branch of a Foreign company
RAKEZ offers a number of benefits to businesses, including:
- 0% corporate tax on Qualifying Income
- 100% foreign ownership
- No currency restrictions
- 100% repatriation of capital and profits
- Transparent rules and regulations
- Easy procedure for registering a business
- Connectivity to highways and logistical centers
- Visas for residency in the UAE are issued quickly
- Numerous licenses in a variety of industries
RAKEZ offers the following types of licenses:
- General Trading License
- Commercial License
- Educational License
- E-commerce License
- Professional License
- Industrial License
- Media License
- Service License
- Freelance Permit
The costs of setting up a company in RAKEZ will vary depending on the type of license you require and the complexity of your business operations. Contact Gatestone Group for more information via [email protected] or call +971 4 451 1023.
No, you do not need a local partner to set up a company in RAKEZ. Foreign investors are allowed to own 100% of their businesses in the free zone. For seamless company formation and expert guidance in RAKEZ, reach out to Gatestone Group today via [email protected] or call +971 4 451 1023.
How long does it take to set up a company in RAKEZ?
The process of setting up a company in RAKEZ can take an average of 7 business days without external approvals. Empower your business success in RAKEZ with Gatestone Group’s expertise and unwavering support via [email protected] or call +971 4 451 1023.