About RAKEZ

The Ras Al Khaimah Economic Zone (RAKEZ) is an amalgam of the RAK Investment Authority and the RAK Free Zone. RAKEZ is situated in the United Arab Emirates’ emirate of Ras Al Khaimah. Ras Al Khaimah’s business establishments in Dubai are recognized to thrive mostly because of the city’s steady and secure economic environment. Real-world examples of this are RAKEZ companies. Ras Al Khaimah is an ideal location for any business due to its adaptable corporate setup options and constant communication via its seaports, airport, and highways. For this reason, a lot of independent contractors, small and medium-sized businesses, multinational corporations, and major industries choose RAKEZ as their preferred free zone.

The Advantages of Establishing a RAKEZ Business

RAKEZ offers the following advantages to its businesses:

  • The Economic Zone of Ras Al Khaimah allows for around four thousand (4,000) commercial operations.
  • A cost-effective choice for company setup are RAKEZ firms.
  • There are possibilities that are in and out of the free zone.
  • Without traveling to the UAE, establish a company.
  • To register a company, the bare minimum of paperwork is needed.
  • There are zones set aside in the Ras Al Khaimah Economic Zone for corporate, academic, and industrial activity.
  • The firm incorporation procedures in the Ras Al Khaimah Economic Zone are expedient.
  • The Ras Al Khaimah Economic Zone grants freelancers particular licenses.
  • RAKEZ offers exclusive plans for female business owners.
  • AED 10,000 is the minimum capital needed (AED 15,000 for industrial activities).
  • For up to six (6) months, you may pay for your company’s registration and renewals in interest-free installments.
  • A single RAKEZ company may operate under numerous licenses for various commercial endeavors.
  • Full repatriation of capital and profits.
  • Taxation (personal or corporate) at zero.
  • For RAKEZ firms, ready-to-move-in alternatives include dedicated offices, flexi desks, and flexi offices.
  • Options for storage and warehousing facilities are also offered.
  • The Ras Al Khaimah Economic Zone is a land bank that could be used for initiatives related to the manufacturing, logistics, and service industries.
  • Provision of labor accommodations and staff on-site.
  • RAKEZ makes running a business easier.
  • The Ras Al Khaimah Economic Zone provides secretarial services and business centers.
  • All government services are available under one roof.
  • Many options for employee and investor visas.
  • Possibility of conducting business with over 14,000 organizations from 50 different nations who have already registered with the RAKEZ.
  • The RAKEZ-banks strategic alliance expedites the process of creating a bank account. Additionally, this makes using bank accounts easier.
  • Sponsorship of family members is available to investors and workers in Ras Al Khaimah Economic Zone enterprises.
  • Investors in RAKEZ enterprises are awarded an investor visa, which gives them the flexibility to visit any country in the Gulf Cooperation.
How It Works

3 Simple steps to start your dream business in no time

Step 1
Make your bundle selection and place the order.
Step 2
We'll set up your business with RAKEZ.
Step 3
You will receive your company documents to start your business

Process

Not sure how to proceed? To learn how to establish a RAKEZ firm, scroll down.
Pricing Packages

Get in touch with us for a customized quote for starting your business.

Types of RAKEZ Companies

Whether a company is incorporated in the free zone or non-free zone of the Ras Al Khaimah Economic Zone determines its legal structure. A Dubai free zone business may be owned entirely by foreigners. A non-free zone business is formed in collaboration with a local partner in the UAE and is governed by labor regulations in the country. Below is a tabular summary of the many legal forms that RAKEZ firms have adopted.

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RAKEZ free zone
Free zone limited liability company (FZ-LLC)
One to fifty (1 – 50)
  • Zero corporate tax
  • Zero income tax
  • Zero custom duty
  • Zero re-exported tax
  • Freedom to source labour
  • 100 % foreign ownership
  • Access to local market of Ras Al Khaimah
RAKEZ non-free zone
Individual establishment
One (1)
  • Zero corporate tax
  • Zero income tax
  • Sell directly in the local market
  • Zero custom duty on sales in markets of UAE and Gulf Co-operation Countries.
RAKEZ non-free zone
Limited liability company (LLC)
Two to fifty (2 – 50)
  • Zero corporate tax
  • Zero income tax
  • Sell directly in the local market
  • Zero custom duty on sales in markets of UAE and Gulf Co-operation Countries.
RAKEZ non-free zone
Branches of companies incorporated inside or outside of the UAE.
N/A
  • Zero corporate tax
  • Zero income tax
  • Sell directly in the local market
  • Zero custom duty on sales in markets of UAE and Gulf Co-operation Countries.

Types of Licenses for RAKEZ Companies

Regarding a trading license in Dubai, any RAKEZ company can choose from the choices stated below:

  • Commercial
  • Educational
  • E-commerce
  • General trading
  • Individual
  • Industrial
  • Media
  • Professional
  • Service
  • Freelance

A corporation can operate in both the RAKEZ free zone and non-free zone region with the commercial and industrial licenses. Depending on the type of professional activity, both free zone and non-free zone locations are eligible for the professional license.

Documents Required for a RAKEZ Company

In order to establish a corporation within the Ras Al Khaimah Economic Zone, the following documents are needed:

  • colored copy of a passport or Emirates ID (for residents of the UAE).
  • Entry stamp and copy of visa (if the individual is in the UAE).
  • Original certificate of no objection for the general manager (available to UAE residents only).
  • Plan of business.
  • A resolution passed by the shareholders established RAKEZ and named a general manager (for corporate shareholders).
  • Trade license or current business registration certificate (for corporation shareholder).
  • Articles of association and memorandum (for corporate shareholder).
  • Certificates of incumbency (for corporate shareholders) or certificates of good standing.

Documents Needed to Establish a Free Zone Company in Creative Cities

Unable to locate a suitable location for your RAKEZ business? Read this article to see how we can assist you.

Therefore, renting office space is essential for your RAKEZ business. Before deciding on an office that is both appropriate for your RAKEZ business and does not break the bank, you can scan and analyze a number of office possibilities.

Each office choice is allotted a specific amount of fixed visas. Therefore, the amount of visas that a person hopes to receive for their RAKEZ firm should be the primary consideration while choosing an office space. Once this is established, considerations including room, adaptability, seclusion, and other amenities should be made. Additionally, keep in mind that not all office options are accessible for all licensing types and that the type of office space depends on the type of RAKEZ firm license. To make it easier for you to decide, we’ve sorted the many office options below into categories so you can establish the perfect office for your RAKEZ business:

Flexi Desk:

Each office choice is allotted a specific amount of fixed visas. Therefore, the amount of visas that a person hopes to receive for their RAKEZ firm should be the primary consideration while choosing an office space. Once this is established, considerations including room, adaptability, seclusion, and other amenities should be made. Additionally, keep in mind that not all office options are accessible for all licensing types and that the type of office space depends on the type of RAKEZ firm license. To make it easier for you to decide, we’ve sorted the many office options below into categories so you can establish the perfect office for your RAKEZ business:

Flexi Office:

A shared office within a sizable co-working environment is called a felxi office. If you choose to set up a flexible office for your RAKEZ company, you will be assigned up to two (2) visas. Additionally, access to amenities including cafes, event venues, and meeting rooms is granted. A flexi office also comes with free locker use, limitless access to open workspace, and free admission to events sponsored by RAKEZ. Only freelancers or businesses holding a commercial or service trade license in Dubai are served by flexi offices.

Serviced Office:

An appropriate choice for small businesses wishing to rent a specific area for their employees to work. An enclosed office with a designated workspace will be provided for your personnel. They and other like-minded businesses will be using the same space. There are a maximum of four (4) visa allocations for a serviced office. Serviced offices are divided into “Serviced Office A” and “Serviced Office B” categories based on the size of the office and the distribution of visas. A maximum of two (2) visas can be assigned to “Serviced Office A,” and a maximum of four (4) visas can be assigned to “Serviced Office B.” Additionally, you receive a dedicated signboard at the office door with the name of your RAKEZ company. Businesses with licenses for commercial, services, educational, e-commerce, general trading, professional, and media may choose to use serviced offices.

Executive Office: Select an executive office if you need more room for your employees and clients, a private office in a developed building, and up to six visas. Please be aware that only businesses with a commercial, services, or general trading license are eligible to use the executive office. The executive office is a popular choice for businesses that are small to medium sized. For an extra fee, RAKEZ also provides executive office furnishings.

Any office fee may be paid yearly or in one lump sum over a period of three (3) years. To view our company creation packages for RAKEZ that include office costs, click this link. Please get in touch with us if you are still having trouble choosing an office space that suits you. Our business setup advisors will assist you in choosing and submitting an application for an appropriate office that will support the development and management of your RAKEZ firm.

Documents Needed to Establish a Free Zone Company in Creative Cities

There are advantages to being a woman in a Middle Eastern nation like the United Arab Emirates. Women now have every advantage at their fingertips thanks to the advancement of gender equality. Through the establishment of successful enterprises, women in the UAE have succeeded in realizing their aspirations of becoming female entrepreneurs.

The Ras Al Khaimah Economic Zone, or RAKEZ, made a commitment to advance women’s empowerment in August 2019 when they unveiled a unique package for businesswomen. It’s interesting that these packages were introduced by RAK EZ on Emirati Women’s Day. The specially crafted packages include special offers for women who wish to start their own firm and elevate their status in the business world. The packages for women enable the development of businesses at discounted prices and in payments.

All the advantages of forming a RAKEZ firm are included in the businesswomen packages. The following advantages are available to women who establish businesses through the businesswomen packages:

1. Company Set-up at a Low Cost

With RAKEZ, women may launch their own business for a very reasonable price, starting at AED 6,280. Women are also entitled to three (3) months of unlimited use of an office desk under these packages. Other free zones typically have restricted utilization of flex desks.

2. Pay in Instalments

The fact that women may pay for the business setup in installments and at their convenience is another fantastic advantage of these packages. RAKEZ offers a number of payment plans with installments beginning after three (3) months.

3. Zero Balance Bank Account Exclusively for the RAKEZ Businesswomen Package

This promotion is limited to ladies solely at RAKEZ. From the standpoint of a businesswoman, this is a big advantage. Women can obtain a zero-balance business account with RAK Bank for their enterprise. There are various currency denominations available for opening the bank account. Without having to go through the trouble of repeatedly asking a bank for approvals, this account can be opened.

4. Priority Ticket at One Stop Shop (OSS) Centers of RAKEZ

While patience is a virtue in and of itself, you cannot turn down the opportunity to receive a priority ticket at a RAKEZ one-stop shop. Women’s demands for services are given top priority. Once more, only owners of businesses established under the RAKEZ businesswomen package are eligible for this benefit.

5. Business Card Printing Free of Charge

Women will benefit from free business card printing (in whatever design they choose!), depending on the exact pack they choose from the businesswomen packages.

By now, we are aware that the advantages of the businesswomen package have left you feeling pretty pleased. What you should also know in order to use the businesswomen packages to start a corporation is as follows:

1. Only new clients choosing to use a free zone license for shared workstations or office space are eligible for packages.

2. Only if a company is owned entirely by women can it be founded under these packages. It is necessary for women to possess 100% of the business.

3. The following license categories are available to women for their RAKEZ business:

  • Commercial license
  • Educational license
  • E-commerce license
  • Media license
  • Professional license
  • General trading license
  • Services license

4. Upgrades and downgrades are possible for packages as long as eligibility is maintained.

5. The second year’s renewal fee would be AED 1,000 less than the initial setup costs for the business.

6. With their RAKEZ company, female entrepreneurs are eligible for zero to six (0 to 6) visas.

7.Women would want to rent a variety of office locations for their RAKEZ business. There are the following choices.

  • Flexi Desk
  • Flexi Office
  • Service Office
  • Executive Office

Please contact us by phone or submit an online inquiry if you need any details about any of these programs. Click the order button to create your RAKEZ firm if you want to launch your own company. We would be pleased to assist you.

Key Features

Here are the benefits of RAKEZ companies
Most amount of business activitiesEngage in more than 4,000 business-related activities.
Do business in free zone and non-free zoneRAKEZ offers business solutions for areas that are not free zones.
Women empowermentRAKEZ gives women's discounts in order to support them.
Minimum share capitalCreate a company with as little as 10,000 AED in share capital.
Special economic zonesThere are dedicated corporate, academic, and industrial activity zones in RAKEZ.
Freelancers can operate in RAKEZFreelancers can obtain specific licenses from RAKEZ.
Flexible payment optionsRenewing a license can be paid either annually or every three years. There are also possibilities for interest-free instalments for license renewals and company creation.
All inclusiveYour RAKEZ company, its office space, and visa allocations are all paid for with a single payment.
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