Business Setup in RAKEZ
Business setup in RAKEZ provides an ideal environment for startups, SMEs, and global manufacturers. Located in Ras Al Khaimah, UAE, RAKEZ is a vibrant business hub that supports startups, SMEs, and global manufacturers on their journey to company formation. As a prominent industrial zone, RAKEZ offers tailored solutions for UAE company formation, serving over 18,000 companies spanning various sectors.
Supported by the Ras Al Khaimah Government, RAKEZ is a key economic zone in the region, providing strong backing to startups, SMEs, and industrialists in their business setup ventures. RAKEZ’s comprehensive services include a range of business licenses, residence visa facilitation, customizable facilities, and essential support services such as accounting, translation, recruitment, and more. With a streamlined approach, RAKEZ ensures a smooth and compliant experience when establishing and operating your business in the UAE.
Major Benefits of a Business Setup in RAKEZ Free Zone
International Ownership
The RAKEZ free zone enables full ownership of companies, eliminating the need for a UAE local partner to own 51% of the business. Moreover, there are no constraints on foreign exchange transactions and access to other free zone amenities, simplifying entry for non-locals.
Easier Business Setup
Establishing a business in the UAE within RAKEZ is swift and streamlined, particularly with the assistance of a company setup consultant like YABS. YABS manages all the requirements and procedures. This includes the expedited process of obtaining UAE residencies and visas. RAKEZ is also recognized as a central hub for government services and provides self-service customer portals, enhancing convenience for entrepreneurs during the business setup process.
Cost Efficiency and Quality Environment
RAKEZ stands out as one of the world’s most cost-effective economic zones, making it an ideal destination to launch a new business in the UAE. Moreover, land prices and living costs in Ras Al Khaimah are highly affordable, further enhancing its appeal as a business location.
Local and International Market Connectivity
The Ras Al Khaimah Free Zone enjoys excellent accessibility to trade routes between the East and West, linked to major logistical hubs and multi-lane superhighways. It features seaports and an international airport, enabling RAKEZ-based businesses in the UAE to reach a wide array of regional offices and markets across the MENA and Asia regions.
Diverse Business Opportunities
The Ras Al Khaimah Free Zone provides a range of business activities such as manufacturing, pharmaceuticals, import-export, food industries, and robotics. You can leverage the numerous industrial facilities and value-added services offered by RAKEZ. Additionally, benefit from flexible and transparent business-friendly regulations that simplify the growth of your company.
Features
RAKEZ (Ras Al Khaimah Economic Zone) features a strategic location, diverse business facilities, and cost-effective solutions, making it a hub for various industries. It offers streamlined setup processes, a range of license types, and robust support services, attracting both startups and established businesses.
RAKEZ Free Zone company setup involves
Free zone offices and warehouses
Al Khaimah is more popular for its warehousing capabilities than the other zones. RAKEZ stands out among free zones for consistently offering customizable warehouses and parcels of industrial land for development.
You can rent pre-built staff and labor accommodations. They have all the benefits of Jebel company setup but have a smaller budget. Ras Al Khaimah Economic Zone has offices in RAK and Abu Dhabi. A user can opt for flexi-desk or smart office as well.
The total cost for business setup comes out to be a minimum of AED 2,000 or higher. Office types vary from flexi-desk to executive offices tied to eligible visas.
Ras Al Khaimah economic zone activities
A Ras Al Khaimah business license can be acquired for a wide range of business activities, ensuring you’ll find exactly what you’re looking for.
RAKEZ boasts one of the UAE’s most extensive arrays of activities among free zones, categorized into license categories and further divided into distinct groups, each with its own set of activities.
Certain activities necessitate the company manager to hold a relevant educational degree, validated by a certificate attested by the UAE Embassy in their home country. Typically, these activities pertain to professional services requiring specific qualifications, such as:
- Accounting and Bookkeeping
- Architectural Design and Consultancy
- Aviation Consultancy
- Communication engineering and more.
RAKEZ has introduced substance requirements that cover a range of activities. These activities must fulfill particular criteria, which involve:
- Maintaining dedicated office space or a warehouse
- Providing a comprehensive business plan
- Ensuring the company manager holds a resident visa
Here is the list of licenses offered by RAKEZ:
Here is the list of licenses offered by RAKEZ:
RAKEZ Resident visas
The packages begin with zero visas and can extend up to 4 visas if you opt for a ready-made executive office. Naturally, renting a warehouse or similar space would make your company eligible for more visas, as you would likely need to hire additional staff.
RAKEZ Company renewal
Renewing a Ras Al Khaimah business license is 1,000 AED cheaper than the initial incorporation. The renewal process can be completed without the shareholder’s presence.
RAKEZ mandates financial audits for companies to be submitted at the end of the financial year, defaulting to December or any other chosen month.
Changes to the company can be made at any time. The most common amendments include:
- Shareholders/managers
- Company name
- Business activity
- Office facility
The application for amendments requires the personal presence of the shareholder or manager.
RAKEZ Company amendments
RAKEZ Business liquidation
Liquidating a Ras Al Khaimah free trade zone company typically takes around 3-4 weeks. Before applying for liquidation, ensure that all visas under the company are canceled.
The government fee for company closure amounts to 3,500 AED.
Expert opinion
Freelance permit costs in RAKEZ free zone
1 year visas
AED 17,070
2 year visas
AED 22,920
Commercial, service, e-commerce, media and educational license costs in RAKEZ free zone
General trading license costs in RAKEZ free zone
RAKEZ Business Setup Packages
Silver
The most basic Plan
$29
monthly
This Plan excludes online consultation options for the users
Gold
The most Profitable Plan
$69
monthly
This Plan excludes online consultation options for the users
Platinum
The most Profitable Plan
$69
monthly
This Plan excludes online consultation options for the users
Different Types of Licenses in RAKEZ Free Zone
A commercial license enables you to engage in trading services and goods both within the UAE and internationally. This license empowers you to establish connections with fellow business professionals, providing the freedom and credibility necessary for business success.
Commercial
A commercial license enables you to engage in trading services and goods both within the UAE and internationally. This license empowers you to establish connections with fellow business professionals, providing the freedom and credibility necessary for business success.
CommercialIf you're launching an education-oriented school or consulting enterprise, obtaining this license is essential. It allows you to provide specialized training and educational programs tailored to specific school requirements.
Educational
If you're launching an education-oriented school or consulting enterprise, obtaining this license is essential. It allows you to provide specialized training and educational programs tailored to specific school requirements.
EducationalAcquiring an e-commerce license is vital for conducting online product sales and expanding your reach to a global audience. It plays a crucial role in fostering trust among customers, thereby contributing to your online success.
E-commerce Acquiring an e-commerce license is vital for conducting online product sales and expanding your reach to a global audience. It plays a crucial role in fostering trust among customers, thereby contributing to your online success.
E-commerceGetting this license lets you do many types of trading. It also helps you work in different industries. Eventually, you can gain from new opportunities in the UAE and beyond.
General Trading Getting this license lets you do many types of trading. It also helps you work in different industries. Eventually, you can gain from new opportunities in the UAE and beyond.
General TradingWhether you work in healthcare, as a consultant, or as an artist, having a service license gives you the power to offer special services. This not only lets you offer your services legally but also makes you more trustworthy.
Individual/Professional Whether you work in healthcare, as a consultant, or as an artist, having a service license gives you the power to offer special services. This not only lets you offer your services legally but also makes you more trustworthy.
Individual/ProfessionalNo matter your field, whether it's healthcare, consulting, or artistic endeavors, obtaining a service license empowers you to provide specialized services. This not only ensures that you're offering your services within legal bounds but also enhances your credibility and trustworthiness.
Industrial No matter your field, whether it's healthcare, consulting, or artistic endeavors, obtaining a service license empowers you to provide specialized services. This not only ensures that you're offering your services within legal bounds but also enhances your credibility and trustworthiness.
IndustrialA media license grants you the authorization to engage in various media-related activities such as content creation and distribution. Whether you're a journalist, content creator, or media entrepreneur, obtaining a media license assists you in adhering to evolving regulations and maintaining fairness in your work.
Media A media license grants you the authorization to engage in various media-related activities such as content creation and distribution. Whether you're a journalist, content creator, or media entrepreneur, obtaining a media license assists you in adhering to evolving regulations and maintaining fairness in your work.
MediaA service license enables you to provide specialized services in a legal and professional manner. This type of license is beneficial for consulting firms, marketing agencies, and other service-based businesses.
Service A service license enables you to provide specialized services in a legal and professional manner. This type of license is beneficial for consulting firms, marketing agencies, and other service-based businesses.
ServiceObtaining a freelance permit within the RAK Free Zone allows independent professionals in various sectors, such as media, education, IT, and more, to operate legally. This permit empowers you to leverage your skills to contribute to the growth of your industry within the RAK Free Zone.
Freelancer Permit Obtaining a freelance permit within the RAK Free Zone allows independent professionals in various sectors, such as media, education, IT, and more, to operate legally. This permit empowers you to leverage your skills to contribute to the growth of your industry within the RAK Free Zone.
Freelancer PermitLegal Structure Under RAKEZ Free Zone
Entrepreneurs within the RAKEZ Free Zone have the option of selecting from two legal setups. They can initiate a Free Zone Limited Liability Company (FZ-LLC), providing them with autonomy, cost-effectiveness, and a welcoming business environment. Alternatively, they can establish a branch, benefiting from streamlined processes and a positive working environment. These choices highlight RAKEZ’s commitment to supporting businesses of all types.
FZ-LLC
Establishing an FZ-LLC allows you to create a company with 2-50 shareholders. This structure encourages a collaborative approach among entrepreneurs within the RAKEZ Free Zone community.
Branch Company
International companies have the option to establish branches in the UAE to establish their presence. This approach enables them to benefit from RAKEZ's strategic advantages. Moreover, a branch of a UAE-based company can expand its activities within the free zone, extending its reach and operations.
Required Documents for Individual Shareholder
Required Documents for Corporate Shareholder
Steps for Company Formation in RAKEZ Free Zone
Defining name and activities
Collect and submit your application
Receive Business License
Visa Processing
Setup Completion
Open A Bank Account
Become a Successful Female Entrepreneur with RAKEZ
RAKEZ (Ras Al Khaimah Economic Zone) empowers female entrepreneurs with a supportive and dynamic business environment tailored to their needs. Offering a variety of business licenses, cost-effective setup options, and comprehensive support services, RAKEZ provides the perfect platform for women to launch and grow their ventures. The economic zone’s strategic location, modern infrastructure, and access to regional and international markets further enhance opportunities for success. Additionally, RAKEZ promotes a thriving community of female entrepreneurs, encouraging networking, mentorship, and collaboration, making it an ideal choice for women looking to make their mark in the business world.
Cost-Effective Business Setup
RAKEZ offers affordable licensing and registration options, making it easier for female entrepreneurs to start and scale their businesses without significant financial strain.
Comprehensive Support Services
RAKEZ provides extensive support, including business consultation, visa services, and administrative assistance, ensuring that female entrepreneurs have the resources they need to succeed.
Strategic Location
Located in Ras Al Khaimah, RAKEZ offers easy access to key regional and international markets, enhancing business opportunities and facilitating trade and logistics.
Diverse Business Facilities
RAKEZ features a wide range of modern facilities, from office spaces to warehouses, catering to various business needs and enabling female entrepreneurs to choose the best environment for their operations.
Thriving Community and Networking Opportunities
RAKEZ fosters a vibrant community of entrepreneurs, providing ample opportunities for networking, mentorship, and collaboration, which are crucial for business growth and development.
Businesswomen commercial and service license costs
Up to 1 visa freelance
LICENSE TYPE
VISAS INCLUDED
TOTAL COST
Freelance permit
1 visa
AED 10,101 $2,750
1 year license
LICENSE TYPE
VISAS INCLUDED
TOTAL COST
Freelance permit
1 visa
AED 10,101 $2,750
Freelance permit
1 visa
AED 10,101 $2,750
Freelance permit
1 visa
AED 10,101 $2,750
Freelance permit
1 visa
AED 10,101 $2,750
Freelance permit
1 visa
AED 10,101 $2,750
Freelance permit
1 visa
AED 10,101 $2,750
Freelance permit
1 visa
AED 10,101 $2,750
3 years license with 40% discount and free investor visa options
LICENSE TYPE
VISAS INCLUDED
TOTAL COST
Freelance permit
1 visa
AED 10,101 $2,750
Freelance permit
1 visa
AED 10,101 $2,750
Freelance permit
1 visa
AED 10,101 $2,750
Freelance permit
1 visa
AED 10,101 $2,750
Freelance permit
1 visa
AED 10,101 $2,750
Freelance permit
1 visa
AED 10,101 $2,750
Key Features
Why Choose YABS
YABS is your one-stop shop for all your business needs. We have a team of professionals who understand the nuances of a business setup and their expertise will be beneficial to you in different ways. Also, YABS believes in helping its customers at every step of the way. YABS has all the features enabled from start to end so that you have a seamless experience. We believe in client’s secrecy and do not reveal their names publicly.
Accepted Payment Methods
We accept all sorts of credit cards including
1) Visa
2) Master Card
3) JCB
4) Discover, and more
