RAKEZ Free Zone Company Setup
☑ Special benefits for women entrepreneurs
☑ Over 4000 business activities
☑ Provisions for labour residence
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About RAKEZ Free Zone
RAKEZ, also known as Ras Al Khaimah Economic Zone, is a fusion of the RAK Free Zone and RAK Investment Authority. Located in the emirate of Ras Al Khaimah, UAE, RAKEZ has emerged as a coveted destination for businesses of all sizes, offering a wide array of advantages and opportunities. Discover the advantages of setting up your company in RAKEZ Free Zone. Explore cost-effective options, diverse activities, & seamless setups for your company in RAKEZ Free Zone. Start your venture hassle-free!
The Benefits of Establishing Your Business in RAKEZ Free Zone
- Wide Range of Business Activities: RAKEZ permits over 4,000 business activities.
- Cost-Effective Company Setup: Affordable options for company formation.
- Flexibility in Zones: Both free zone and non-free zone options available.
- Remote Company Formation: Incorporate a company without visiting the UAE.
- Minimal Documentation: Only essential documents required for setup.
- Dedicated Zones: Specific areas for industrial, academic, and business activities.
- Efficient Incorporation Process: Quick and time-efficient procedures.
- Freelancer Licenses: Special licenses tailored for freelancers.
- Women Entrepreneurs: Special packages designed for women entrepreneurs.
- Low Capital Requirement: Minimum capital of AED 10,000 (AED 15,000 for industrial activities).
- Flexible Payment Plans: Interest-free installment plans for up to six months for registration and renewals.
- Multiple Business Activities: One RAKEZ company can undertake several business activities with multiple licenses.
- Profit and Capital Repatriation: 100% repatriation of profits and capital.
- Zero Taxation: No personal or corporate taxes.
- Office Options: Ready-to-move-in flexi desk, flexi office, and dedicated office options.
- Warehousing and Storage: Comprehensive warehousing and storage facilities.
- Land for Development: Land available for manufacturing, logistics, and service industry projects.
- Staff Accommodation: On-site staff and labor accommodation provisions.
- Seamless Operations: Facilitation for easy company operations.
- Business Centers and Secretarial Services: Comprehensive business support services.
- Unified Government Services: Access all government services under one roof.
- Visa Options: Multiple alternatives for investor and employee visas.
- Global Business Network: Opportunity to engage with over 14,000 companies from 50 different countries.
- Banking Partnerships: Strategic partnerships with banks for faster account opening and easier bank operations.
- Family Sponsorship: Investors and employees can sponsor their families.
- GCC Travel Freedom: Investor visa allows freedom to travel to Gulf Cooperation Council countries.
3 Simple Steps
Setting up your business in RAKEZ explained in three (3) simple steps
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Our Exclusive Packages
Get in touch with one of our experts to know about the costs of business setup in RAKEZ
Other Options
Other Options you maybe interested to set up your business in Dubai and UAE
Meydan Free Zone
- Free zone based in Dubai
- Up to 49 shareholders
- Professional, commercial, and industrial license
Dubai Mainland
- Access to Local Market
- 100% Foreign Ownership
- Flexibility in Office Location
RAK Offshore
- No Corporate or Personal Taxes
- No Minimum Capital Requirement
- 100% Foreign Ownership
IFZA
- Free zone based in Dubai
- Up to 3 shareholders
- Professional, commercial, and industrial license
Timeline
Step by step process of business setup in UAE
RAKEZ Free Zone License Types
The following trade license options are available for any RAKEZ company operating in UAE:
- Commercial
- Educational
- E-commerce
- General Trading
- Individual
- Industrial
- Media
- Professional
- Service
- Freelance
Commercial and industrial licenses enable a company to operate within both the RAKEZ free zone and non-free zone areas. Similarly, the professional license is available for both free zone and non-free zone areas, depending on the specific nature of the professional activity.
Documents Required to Set Up Business in RAKEZ
To establish a company within the Free Economic Zone UAE (RAKEZ), the following documents are necessary:
- Colored passport copy / Emirates ID (for UAE residents)
- Visa copy and entry stamp (if the individual is in the UAE)
- Original No Objection Certificate (NOC) for the general manager (for UAE residents)
- Business plan
- Shareholders’ resolution authorizing the establishment of the RAKEZ company and the appointment of a general manager (for corporate shareholders)
- Trade license / Certificate of registration of the existing business (for corporate shareholders)
- Memorandum and Articles of Association (for corporate shareholders)
- Certificates of Good Standing or Certificate of Incumbency (for corporate shareholders)
Become a Successful Female Entrepreneur with RAKEZ
Embrace the opportunities of business formation in RAKEZ and thrive as a successful female entrepreneur in the UAE. With the progress in gender equality, women today have unparalleled advantages at their fingertips. Many women have achieved their dreams of becoming influential business leaders by establishing successful enterprises in the UAE.
In August 2019, Ras Al Khaimah Economic Zone (RAKEZ) committed to furthering women empowerment by launching a special businesswomen package. Significantly, RAKEZ introduced these packages on Emirati Women’s Day. These specially designed packages offer exclusive deals for women aiming to excel in the business world by forming their own companies. The packages provide company formation at subsidized rates and flexible installment plans.
The businesswomen packages include all the benefits of RAKEZ company formation. Women utilizing these packages will benefit in the following ways:
1: Company Set-Up at a Low Cost
Women can establish their dream company with RAKEZ at an affordable cost starting from AED 6,280. These packages also offer unlimited office desk use for three months, a benefit not commonly provided by other free zones.
2: Pay in Installments
These packages allow women to pay for company set-up in convenient installments. RAKEZ offers several installment plans starting from three months onwards.
3: Zero Balance Bank Account Exclusively for the RAKEZ Businesswomen Package
This exclusive offer allows women to open a zero-balance business account with RAK Bank. The account can be opened in multiple currency denominations without the usual hassle of bank approvals.
4: Priority Ticket at One Stop Shop (OSS) Centers of RAKEZ
Women receive priority service requests at RAKEZ one-stop shop centers. This advantage is exclusively for owners of companies formed under the RAKEZ businesswomen package.
5: Business Card Printing Free of Charge
Depending on the chosen package, women can have their business cards printed for free in any desired design.
By now, you are likely impressed with the benefits of the businesswomen package. Here’s what you need to know to form a company using these packages:
- Eligibility: Packages are applicable only to new clients opting for shared workstations or office space with a free zone license. Companies must be 100% women-owned.
- License Types: Women can choose from the following license types for their RAKEZ company:
- Commercial license
- Educational license
- E-commerce license
- Media license
- Professional license
- General trading license
- Services license
- Upgrade/Downgrade Options: Packages can be upgraded or downgraded if eligibility remains intact.
- Renewal Cost: The renewal cost for the second year is AED 1,000 less than the initial company set-up cost.
- Visa Allocation: Women entrepreneurs can have zero to six visas with their RAKEZ company.
- Office Space Options: Various office spaces are available for lease, including:
- Flexi Desk
- Flexi Office
- Service Office
- Executive Office
If you need further details about these packages, give us a call or leave an inquiry on our website. To start your own business, click the order button to form your RAKEZ company. We are here to help you succeed.
Frequently Asked Questions
Here are the most frequently asked questions regarding company formation in RAKEZ.
RAKEZ offers a variety of licenses tailored to different business activities, including:
- Commercial license
- Educational license
- E-commerce license
- Media license
- Professional license
- General trading license
- Services license
Setting up a business in RAKEZ provides numerous benefits, such as:
- Affordable setup costs and flexible payment plans
- Access to a strategic location with excellent connectivity
- Zero corporate and personal income taxes
- 100% foreign ownership and repatriation of profits
- Diverse office space options (Flexi Desk, Flexi Office, Service Office, Executive Office)
- Comprehensive support services and priority processing at RAKEZ one-stop shop centers
To establish a company in RAKEZ, you typically need the following documents:
- Colored passport copy/Emirates ID (for UAE residents)
- Visa copy and entry stamp (if the person is in the UAE)
- Original No Objection Certificate (NOC) for the general manager (for UAE residents)
- Business plan
- Shareholders' resolution authorizing company formation and appointment of a general manager (for corporate shareholders)
- Trade license/certificate of registration of the existing business (for corporate shareholders)
- Memorandum and Articles of Association (for corporate shareholders)
- Certificates of Good Standing or Certificate of Incumbency (for corporate shareholders)
Yes, non-UAE residents can form a company in RAKEZ. The process is straightforward, and RAKEZ offers support to international investors to ensure a smooth setup. Required documents may include passport copies and additional paperwork as specified by RAKEZ.
Yes, RAKEZ offers special businesswomen packages designed to empower female entrepreneurs. These packages include benefits such as:
- Low-cost company setup starting from AED 6,280
- Flexible installment payment plans
- Zero balance bank accounts with RAK Bank
- Priority service at RAKEZ one-stop shop centers
- Free business card printing
These packages are exclusively available to 100% women-owned businesses and include options for various types of licenses and office spaces.
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We had a great experience with Alfa Zone Businessmen when setting up our business license. They made the whole process feel easy and straightforward, which can often be quite overwhelming. It was a pleasant surprise to have CEO Mr. Suren Jajra personally meet with us and offer valuable advice for our business.We want to give a special shoutout to Ms. Maricon for her exceptional support. She was proactive in keeping us informed and helped guide us through the entire transition with great care and attention to detail.In addition, the CEO went above and beyond to help us cancel our old license. Alfa Zone has proven to be a trustworthy and supportive partner, always there when we needed them.We wholeheartedly recommend Alfa Zone Businessmen Services to anyone looking for assistance with their business setup. Their professionalism, reliability, and excellent communication make them truly outstanding.A big thank you to Ms. Maricon, Mr Suren, and the entire team for their exceptional service. Great job!
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I am delighted to share my exceptional experience with Alfa Zone. All the credits goes to Mr. Surendra. Their commitment to providing the best solutions for business setup in Dubai is truly commendable. I obtained my General Trading license within just a few days, a process that was made remarkably smoother with their dedicated assistance. Alfa Zone's collaborative approach and unwavering support have made starting my business in Dubai an absolute joy. Their expertise has not only simplified the process but also accelerated my journey towards success. I am genuinely grateful for their outstanding service.
Why Business Setup in UAE?
Maximize your earnings with the UAE’s 0% income tax policy.
- Repatriate 100% of your capital and profits to your home country.
- Capitalize on the growing market demand spurred by Expo 2020.
- Enjoy customs duty exemptions on imports and exports.
- Leasing office space might not be necessary, depending on the zone.
- Experience minimal paperwork and auditing requirements.
- Access new markets across the Middle East, Africa, Europe, and Asia.
- Full company ownership & easiest online processes.
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