Business Setup / free zone
Ras Al Khaimah & Ajman Free Zones
Ras Al Khaimah Economic Zone (RAKEZ)
Ras Al Khaimah Economic Zone (RAKEZ) is a powerhouse business and industrial hub strategically located in the heart of Ras Al Khaimah, United Arab Emirates (UAE)
Ras Al Khaimah Economic Zone (RAKEZ) is a powerhouse business and industrial hub strategically located in the heart of Ras Al Khaimah, United Arab Emirates (UAE) that offers wide-ranging customisable solutions to investors from all over the globe.
Established in 2017, RAKEZ currently houses over 14,000 multinational companies from more than 100 countries covering over 50 industries, making it one of the largest economic zones in the region.
It was established to oversee and consolidate the specialized parks and clients of both Ras Al Khaimah Free Trade Zone (RAK FTZ) and RAK Investment Authority (RAKIA).
RAKEZ has become a popular destination for foreign investors, who are attracted to its cost-effective and unique environment for business.
Advantages of Business Setup in RAKEZ
- Fast and simple registration procedure
- 100% foreign ownership
- Provides 100% income and corporate tax exemption
- Yields 100% capital and profit repatriation
- Fast procedure to issue UAE residencies and visas
- Less restrictions on labor
- Avail state-of-art infrastructure
- No currency restrictions
- Excellent airport and seaport availability
- Transparent laws and regulations
- Furnished offices and warehouses
- Provides variety of real estate facilities to meet out individual start up needs
Permissible Legal Entities in RAK Free Zone
As one of the fastest growing free zones in the Middle-East, RAKEZ has 4 types of legal entities under its authorization:
1. Free Zone Establishment (FZE)
One shareholder or single ownership
2. Free Zone Company (FZC)
2 to 5 shareholders or partnership business
3. Branch of a Local Company
For a branch of a company registered in the UAE
4. Branch of a Foreign Company
For a branch of a company registered outside the UAE
Business Licenses in RAKEZ
RAKEZ provides a platform for local as well as foreign investors to diversify their investment and help them to penetrate local, regional and international markets by setting up a company in the free zone region. Companies in RAKEZ get a strategic location and gain access to many growing markets of the Middle East, South Africa, Europe as well as South and Central Asia.
Commercial License
Investors can register their trading company under a commercial license in RAKEZ. This license allows an entrepreneur to deal in trading of goods. The company can be registered as a free-zone entity or a non-free zone entity, as per the entrepreneur’s preference.
Educational License
An educational license permits an investor to enter into the education business. By registering one’s educational institute under the educational license, an investor can open any kind of education-related company in RAK Economic Zone.
E-Commerce License
RAK free zone offers e-commerce license for business owners, through which they can trade their goods and services via an online portal/platform.
General Trading License
In order to increase their limit of goods, traders or business owners can register for a general trading license in RAKEZ.
Professional/Service License
A professional license is provided to those who are providing professional services in RAKEZ. The owner of a professional company is required to have a specific specialty or expertise. A service license permits its holder to carry out services or consultancies across any industry in RAK free zone.
Industrial License
Companies which have their operations in manufacturing, importing, packaging or exporting products can opt for an industrial business license in RAK Economic Zone.
Media License
To encourage media related industry and attract more investors for the media industry, RAK Economic Zone issues media license. Business owners who are involved in the production of media-related activities can get a media license for their business.
Tourism License
A tourism license is exclusive to tourism-oriented business activities in RAKEZ.
Start your Business now with a Free Zone License
For required documents, setup fees and other related information, feel free to contact us.
