Business setup In RAKEZ Free zone

Embarking on the journey of establishing your business in a thriving economic hub? Business setup in RAKEZ Free Zone stands out as an exceptional choice for visionary entrepreneurs, agile startups, and scaling SMEs (small and medium-sized enterprises). We offer meticulously crafted, low-cost, and business-friendly solutions within the heart of the UAE (United Arab Emirates). As a premier economic zone, Ras Al Khaimah Economic Zone (RAKEZ) empowers your venture with highly affordable setup options, substantial tax benefits, and unparalleled easy access to global markets, fostering your international trade ambitions. Unlock Unprecedented Growth and Investment Potential with RAKEZ.

Experience the remarkable simplicity of company registration processes, coupled with the profound advantage of full foreign ownership, a key benefit for investors. Tailor your operations by choosing from a diverse range of flexible office spaces, including flexi desks, serviced offices, and executive offices, designed for businesses of all sizes and their unique workspace requirements. RAKEZ’s strategic location within the UAE business ecosystem and its pro-business policies collectively solidify its position as one of the top free zones for international trade and foreign investment. Whether you’re a burgeoning new entrepreneur launching your inaugural commercial venture or an expanding company seeking to diversify your business activities and global reach, RAKEZ consistently provides the perfect environment for sustainable growth and long-term success.

Ready to leverage the advantages of RAKEZ company formation? Explore your possibilities today.

How to Setup a Company In RAKEZ Freezone?

Firstly, determine the particular business activities you plan to be involved in. RAKEZ Free Zone supports diverse sectors like commercial, educational, e-commerce, general trading, industrial, media, professional, service, and freelance. These business activities define your licence type and legal structure within the UAE business ecosystem.

Here are the key steps to set up a business in RAKEZ:

Business Activity

Choose the right business activity that perfectly aligns with your business goals. RAKEZ Free Zone supports various sectors such as consulting, trading, and specialized services, enabling a successful business operation in Ras Al Khaimah. This initial choice guides your company formation journey.

Lease Agreement

To initiate your company setup in RAKEZ, secure a unique trade name. Ensure the chosen business name complies with RAKEZ regulations for trademark protection and effective branding within Ras Al Khaimah’s business environment. Your trade name is a vital business identity element.

Reserve Trade Name

Secure your office space within RAKEZ Free Zone. Choose from flexible office solutions like private offices, shared workspaces (e.g., flexi desks), or warehouses. Signing a lease agreement is crucial to establishing your official business presence in the UAE.

Application with Documents

Submit all required documents for your company formation in RAKEZ Free Zone. This typically includes your passport copy, Emirates ID, and visa copy, ensuring full compliance with the UAE’s regulatory framework for business setup and licensing.

Business License

Apply for your RAKEZ business license. Depending on your chosen business activity, you can select from commercial, consultancy, trading, industrial, or professional licenses to legally operate and scale in the dynamic UAE market. This is your official authorization.

Corporate Bank Account

After obtaining your RAKEZ business license, proceed to open a corporate bank account in the UAE. This crucial step helps manage your business finances, conduct transactions, and ensure smooth operations within the UAE economy. Our partners can assist with bank account opening assistance.

Key Benefits of Business Setup In RAKEZ Freezone

Choosing RAKEZ Free Zone for your business setup in the UAE provides a multitude of compelling advantages designed for optimal company formation and sustained business growth. Discover why entrepreneurs, SMEs, and global corporations consistently select Ras Al Khaimah Economic Zone as their strategic investment destination.

1

100 % Foreign Ownership

Experience complete financial freedom with 100% foreign ownership, a significant benefit for investors. RAKEZ Free Zone ensures a 0% corporate tax rate, along with no personal income tax or import/export duties. This allows you to repatriate all profits entirely, making your business operations exceptionally cost-effective and highly competitive.

2

Accessible Location

Benefit from RAKEZ Free Zone’s accessible location, positioned in the northernmost emirate of the UAE (Ras Al Khaimah). Its proximity to major transport routes, including seaports and an airport, provides unparalleled easy access to regional and global markets. This strategic connectivity is vital for international trade and business expansion initiatives, leveraging major trade routes for efficient logistics.

3

Business Options

RAKEZ is a versatile business hub offering extensive business options across over 50 sectors. It provides direct access to key regional and international markets through its robust infrastructure. Whether you are a startup, an SME (small and medium-sized enterprise), or a global company aiming for significant market reach, RAKEZ facilitates diverse business activities and offers a flexible legal structure to suit your specific needs.

4

Solutions at Low Cost

Launch your venture with confidence, knowing that RAKEZ Free Zone offers highly affordable business setup with a very low fee structure for company formation in the UAE. This commitment to cost-effective solutions makes business setup accessible and genuinely affordable for startups, SMEs, and even large global companies, ensuring maximum value for your investment.

Essential Documents for business setup In RAKEZ Freezone

Setting up your business in RAKEZ Free Zone involves submitting a few essential documents that ensure smooth company registration and full compliance with RAKEZ’s regulatory framework within the UAE. The following key documents are necessary to complete your company formation process:

Proposed Names For Trade License

Provide three proposed names for your RAKEZ trade license. Ensure they adhere to RAKEZ naming conventions for official trade name reservation and business identity.

Shareholder & Managers Details

Submit comprehensive details for all shareholders and the appointed manager(s). This includes personal information crucial for your legal entity and corporate governance within RAKEZ.

Visa Copy

A valid visa copy (if applicable) is required for individual applicants residing in the UAE. This supports your residency application as part of the business setup process.

Passport Copy

A clear, valid passport copy is a mandatory identification document for all shareholders and managers involved in your RAKEZ company formation.

Cost of Business Setup In RAKEZ Freezone

The cost of business setup in RAKEZ Free Zone typically ranges from AED 5,750 to AED 15,000+. This investment amount can vary depending on several critical factors, including the specific type of business activity you choose, the required size of office space, the number of visas needed for your team, and other legal considerations.

RAKEZ is committed to providing cost-effective options, making it an ideal choice for entrepreneurs and investors actively seeking a budget-friendly yet efficient business formation solution in the UAE or Ras Al Khaimah. Our transparent fee structure ensures clarity in your financial planning for company registration.

Our Business Setup services In RAKEZ include:

Beyond initial company formation, our comprehensive business setup services in RAKEZ extend to vital ongoing support, ensuring seamless operations and full compliance for your enterprise in the UAE. We offer a range of value-added services to support your business growth and administrative efficiency.

PO Box registration and mail management

Efficiently manage your business’s PO Box registration and comprehensive mail handling services. This ensures reliable and efficient communication for your RAKEZ company, maintaining vital corporate correspondence.

Annual Support Services Assistance

Receive dedicated ongoing support throughout the year for your RAKEZ Free Zone operations. This guarantees continuous assistance with licence renewals, visa processing, and other administrative requirements, facilitating smooth business operations.

Document translation and attestation

Access essential document translation and attestation services to ensure full compliance with RAKEZ and UAE regulations. This is vital for the legal validity of international documents and seamless regulatory adherence.

Document delivery

Ensure timely and efficient document delivery services, helping you manage all important paperwork and crucial business correspondence. This streamlines your corporate communications within the RAKEZ Free Zone.

Customs code

Receive expert assistance with customs procedures and ensure complete compliance with the UAE’s import/export regulations. This vital service facilitates your international trade operations through RAKEZ.

Courier service

Benefit from reliable courier services for swift delivery and secure shipment of all important documents. This guarantees secure business operations and efficient logistics for your RAKEZ company.

VIP Services

Access premium VIP services, precisely tailored to meet specific business needs and significantly enhance your overall customer experience. These exclusive services cater to high-level corporate requirements within RAKEZ.

Extensive Support Services

Gain comprehensive support services that extend far beyond initial business setup. This ensures your continuous business success and addresses all ongoing operational requirements for your RAKEZ company in the UAE market.

Car registration renewal

Ensure smooth car registration renewals within Ras Al Khaimah/UAE, simplifying the process for both your business vehicles and personal vehicles. This adds convenience to your corporate logistics and personal mobility.

Dedicated Relationship Managers

Benefit from personalized support and expert guidance with our dedicated relationship managers. They assist proactively with every stage of your business journey in RAKEZ, ensuring tailored solutions and seamless interactions.

Bank account opening assistance

Get expert support for opening corporate bank accounts and adeptly navigating the complex financial services landscape in the UAE. This crucial banking assistance simplifies your corporate finance management for your RAKEZ business.

Visa and Immigration Assistance

Receive specialized help with visa applications and complex immigration processes for both business owners and employees in the UAE. This streamlines your workforce mobility and ensures full legal compliance for your team in RAKEZ.

Frequently Asked Questions about Business Setup In RAKEZ Freezone

RAKEZ (Ras Al Khaimah Economic Zone) is a leading business powerhouse and economic zone in the UAE, consolidating the RAK Free Trade Zone (RAK FTZ) and RAK Investment Authority (RAKIA). It offers customizable company formation solutions for free zone and non-free zone businesses across over 50 sectors, attracting startups, SMEs, and global corporations seeking a business-friendly environment in Ras Al Khaimah.

The primary benefits of RAKEZ Free Zone company setup include 100% foreign ownership, 0% corporate and personal income tax, full repatriation of profits, cost-effective setup options, strategic global market access, and a simplified business registration process. It's an ideal choice for diverse business activities.

RAKEZ Free Zone accommodates various legal structures, including Free Zone Limited Liability Companies (FZ-LLC) for 1-50 shareholders and branches of local or foreign companies. These structures are designed to support a wide range of business models from freelancers to large industrial enterprises.

The key steps to register a company in RAKEZ Free Zone involve: 1) Defining your business activity and legal structure, 2) Reserving your trade name, 3) Securing office space (e.g., Flexi Desk, Serviced Office), 4) Submitting essential documents (passport, visa copy), 5) Obtaining your business license, and 6) Opening a corporate bank account.

The RAKEZ business setup process is remarkably time-efficient, with company formation and trade license issuance typically completed within 5-10 business days. This fast-track registration allows for swift market entry in the UAE.

Yes, 100% foreign ownership is a cornerstone benefit of RAKEZ Free Zone company registration. This means international investors can fully own their RAKEZ company without the need for a local sponsor, ensuring complete control and profit repatriation.

RAKEZ Free Zone offers significant tax benefits, including 0% corporate tax and 0% personal income tax. Additionally, there are no import/export duties, contributing to the cost-effectiveness and attractive fiscal environment for your UAE business.

RAKEZ Free Zone issues a wide variety of business licenses, including Commercial, Educational, E-commerce, General Trading, Industrial, Media, Professional, Service, and Freelancer Permits. These licenses cover over 4,000 distinct business activities, offering flexibility for diverse operations.

The minimum capital requirement for RAKEZ company formation is generally AED 10,000, though it's AED 15,000 for industrial activity. RAKEZ also offers cost-effective setup options and flexible payment plans to accommodate various investment budgets.

Yes, leasing an office space is mandatory for RAKEZ company registration. However, RAKEZ provides multiple flexible office options, including Flexi Desks, Flexi Offices, Serviced Offices, and Executive Offices, allowing you to choose based on your visa allocations and business needs.

RAKEZ actively supports women entrepreneurs by offering special packages and pricing tailored to their needs. This initiative is part of RAKEZ's commitment to women empowerment and fostering an inclusive business environment in the UAE.

Yes, a RAKEZ Free Zone company can operate on the UAE mainland, especially with the RAKEZ Dual License, which combines free zone and mainland activities under one unified business license. This offers extensive market access and operational flexibility.

Beyond initial setup, RAKEZ provides extensive ongoing support services, including annual support assistance for license renewals, visa and immigration assistance, bank account opening support, document translation and attestation, mail management, and dedicated relationship managers for personalized guidance.

Typically required documents for RAKEZ company registration include a passport copy, visa copy (if applicable), Emirates ID (for UAE residents), proposed company names, a business plan, and details of all shareholders and managers. Corporate shareholders require additional corporate documents.

To get started with RAKEZ Free Zone company setup, you can select your desired business package and submit an initial application. Our business setup consultants are available to provide expert guidance, help you customize your solution, and streamline the entire company formation process for your UAE business.