RAS AL KHAIMAH ECONOMIC
ZONE (RAKEZ) BUSINESS SETUP
RAS AL KHAIMAH ECONOMIC ZONE (RAKEZ) BUSINESS SETUP
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Ras Al Khaimah Economic Zone (RAKEZ), which is one of the North Emirates Free Zones, was established to oversee and consolidate the specialised zones and clients of both Ras Al Khaimah Free Trade Zone (RAK FTZ) and RAK Investment Authority (RAKIA). RAKEZ is committed to its promise of empowering clients and investors by offering a cost-effective and world-class economic zone with customisable packages and services as well as state-of-the-art facilities.
Core Sectors: Generalist free zone with a focus on trading, manufacturing and logistics
- 100% foreign ownership.
- Straight forward business registration process.
- Quick procedure to issue UAE residency visas.
- Wide range of licenses across different sectors.
- Excellent airport and seaport availability.
- Transparent laws and regulations.
- Competitive pricing with low operating costs.
- Exemption from personal and income taxes.
- 0% Corporate Tax provided they comply with all regulatory requirements.
- Strategic location to access global markets.
- State of the art infrastructure.
- Less restrictions on labour.
- No currency restrictions.
- Nil customs duty.
- Provides variety of real estate facilities to meet out individual start up needs.
- Commercial
- Professional
- Industrial
- General Trading
- Warehouses
- Virtual office, flexi desks and offices
- Open land
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- Ras Al Khaimah Economic Zone (RAKEZ)
- Ras Al Khaimah Economic Zone
- 100% foreign ownership
- Not specified (registrar can demand capital adequacy depending on business activity).
- 3-4 weeks
- 0% Corporate Tax provided they comply with all regulatory requirements.
- Not required; however, recommended as best practice to maintain proper books of accounts.
RAKEZ FAQ’s
Ras Al Khaimah Economic Zone (RAKEZ) free zone is a powerhouse business and industrial hub that offers customizable solutions for free zone and non-free zone business setup. The cost to setup a company in RAKEZ free zone will vary depending on:
- Company types of free zone and non-free zone.
- Different free zone company setup packages.
- License type and business facilities.
- Legal structure and ownership type.
There are many business facilities options available at RAKEZ free zone. RAKEZ free zone offers ideal business facilities that are suitable to your business needs. These include:
- Co-working space
- Serviced offices
- Standard offices
- Executive offices
- Shell and Core
- Warehouses for development
- Staff and labour accommodation
For more details on the business operating facilities and RAKEZ free zone company setup, contact Creation Business Consultants on email [email protected] or call +971 4 878 6240.
The timeframe to setup a RAKEZ free zone company will vary. We estimate the timeframe for a normal RAKEZ license registration to be between 7-10 working days (including the signing of lease and witnessing of shareholder documents).
Once RAKEZ free zone company setup is completed and the company license is issued, we proceed to the labour and immigration stage of the company. It takes an estimated 5 working days to secure the company establishment card. Once the company establishment card is issued and e-channel registration is completed, the company will be able to apply for a UAE residency visa.
Contact Creation Business Consultants to start your company setup process, email [email protected] or call +971 4 878 6240.
Once a RAKEZ free zone company set-up is completed, the next steps are to process the company establishment card and e-channel registration. A company is required to register with e-channel Immigration as this will permit a company to apply for visa sponsorship under the company. For a free consultation on visa services email [email protected] or call +971 4 878 6240.
The types of visas available under a RAKEZ company are investor and employee. The UAE visa application process involves the following steps:
- Employment visa application
- Change status
- Medical test
- Emirates ID registration
- Residence visa stamping
The timeframe averages circa 7-14 working days for visa processing. Reach out to Creation Business Consultants for your visa services on email [email protected] or call +971 4 878 6240.
There are several license types available in RAKEZ free zone. The most popular RAKEZ free zone license types are:
- General trading
- Commercial
- Professional
- Industrial
Creation Business Consultants recommends a consultation with our structuring team. Creation team will guide investors on the most suitable RAKEZ license type required for your business needs. To reserve your consultation email [email protected] or call +971 4 878 6240.
At RAKEZ free zone, there are hundreds of business activities ranging from over 50 sectors such as manufacturing, energy, technology, healthcare, aviation, shipping, education, media, professional services as well as personal and community services. To know more about RAKEZ free zone business activities, contact Creation Business Consultants on email [email protected] or call +971 4 878 6240.
The license renewal cost for a company at RAKEZ free zone will vary depending on the structure, business activity, and office premises etc. Contact Creation Business Consultants for a free RAKEZ free zone company license renewal consultation email [email protected] or call +971 4 878 6240.
There are many changes that can be requested for a RAKEZ free zone company including but not limited to:
- Company name change.
- Share capital amount.
- Share transfer amendments.
- Change of financial year.
- Adding or removing a business activity.
- Manager, Director and/or Secretary.
For amendments to a RAKEZ free zone company, contact Creation Business Consultants on email [email protected] or call +971 4 878 6240 and we will analyse your needs and provide a quotation for this service request.
The main requirements to complete the company closure for a RAKEZ company are:
- Clearance certificates
- Resolutions
- Residence visa cancellations
Contact us to guide you on the liquidation company closure process of your free zone company on [email protected] or call +971 4 878 6240.
The timeframe to setup a RAKEZ free zone company will vary. We estimate the timeframe for a normal RAKEZ license registration to be between 7-10 working days (including the signing of lease and witnessing of shareholder documents).
Once RAKEZ free zone company setup is completed and the company license is issued we proceed to the labour and immigration stage of the company. It takes an estimated 5 working days to secure the company establishment card. Once the company establishment card is issued and e-channel registration is completed, the company will be able to apply for a UAE residency visa.
Contact Creation Business Consultants to start your company setup process, email [email protected] or call +971 4 878 6240.
Once your RAKEZ free zone company set-up is completed, the next steps are to process the company establishment card and e-channel registration. A company is required to register with e-channel Immigration as this will permit a company to apply for visa sponsorship under the company. For a free consultation on visa services email [email protected] or call +971 4 878 6240.
The types of visas available under a RAKEZ company are investor and employee. The UAE visa application process involves the following steps:
- Employment visa application
- Change status
- Medical test
- Emirates ID registration
- Residence visa stamping
The timeframe averages circa 7-14 working days for visa processing. Reach out to Creation Business Consultants for your visa services on email [email protected] or call +971 4 878 6240.
There are several license types available in RAKEZ free zone that may be suitable to your business. The most popular RAKEZ free zone license types are:
- General trading
- Commercial
- Professional
- Industrial
Creation Business Consultants recommends a consultation with our structuring team. We will guide you on the most suitable RAKEZ license type required for your business needs. To reserve your consultation email [email protected] or call +971 4 878 6240.
At RAKEZ free zone, there are hundreds of business activities ranging from over 50 sectors such as manufacturing, energy, technology, healthcare, aviation, shipping, education, media, professional services as well as personal and community services. To know more about RAKEZ free zone business activities, contact Creation Business Consultants on email [email protected] or call +971 4 878 6240.
There are many changes that can be requested for your RAKEZ free zone company including but not limited to:
- Company name change
- Share capital amount
- Share transfer amendments
- Change of financial year
- Adding or removing a business activity
- Manager, Director and/or Secretary
For amendments to your RAKEZ free zone company, contact Creation Business Consultants on email [email protected] or call +971 4 878 6240 and we will analyse your needs and provide a quotation for this service request.
The main requirements to complete the company closure for a RAKEZ company are:
- Clearance certificates
- Resolutions
- Residence visa cancellations
Contact us to guide you on the liquidation company closure process of your free zone company on [email protected] or call +971 4 878 6240.
At RAKEZ free zone, the UAE residence visa cost depends on whether it is applied while the applicant is inside the country or outside the country. For assistance on visa services email us at [email protected] or call +971 4 878 6240 for a visa processing quotation.
Clients can file a complaint against issues related to any RAKEZ free zone department and its services via Lodge e-Complaint on the website. The client can upload supporting document for lodging a complaint. Email notification will be sent to the client for any action taken by the department. The client will also be able to track the complaint to see the status and actions.
Yes, you can obtain an investor visa in case of single shareholder companies at RAKEZ free zone. However, for companies at RAKEZ free zone that have more than one shareholder, a partner visa can be obtained. For assistance on visa services email us at [email protected] or call +971 4 878 6240 for a visa processing quotation.
Creation Business Consultants can complete a RAKEZ free zone company renewal, labour, immigration, and visa renewals. Contact [email protected] or call +971 4 878 6240 for a free consultation for RAKEZ free zone company license renewal.
For shareholders at RAKEZ free zone, it is a mandatory requirement to have a residency visa to avail below services:
- Legalise your stay in UAE.
- Open a bank account.
- To have telecom connections.
- To obtain UAE driver’s licence.
Yes, a RAKEZ free zone company can obtain credit by creating a security interest.
No, a RAKEZ free zone company cannot conduct business activities outside RAKEZ free zone area. All businesses must be conducted from RAKEZ free zone jurisdiction. If a company wishes to operate outside of RAKEZ free zone jurisdiction, a third party or registered agent can be used.
All free zone entities at RAKEZ are governed by RAKEZ Companies Regulations of 2017 and Operating Rules of 2018 as well as the applicable federal and local laws and decrees. As for the non-free zone entities at RAKEZ, they are governed by the UAE Federal Law No. 2 of 2015 concerning Commercial Companies as well as all applicable federal and local laws and decrees.
Contact Creation Business Consultants to know more on the rules and regulations for setting up a company in RAKEZ free zone, email [email protected] or call +971 4 878 6240.
The types of sub-lease allowed by RAKEZ free zone are:
1. Sub-lease of a vacant plot.
2. Sub-lease of completed buildings or structures.
No, a DED or any other freezone entity cannot lease an office in RAKEZ. The company must have RAKEZ licence to rent an office in RAKEZ zones. This may include a branch of DED or other free zone companies in RAKEZ.
RAKEZ free zone offers a variety of facilities ranging from co-working spaces to full-scale industrial facilities. This free zone offers the ideal facility at any stage of development of your company including:
- Co-working space
- Serviced offices
- Standard offices
- Executive offices
- Shell & core
- Warehouses for development
- Staff & labour accommodation
Contact Creation Business Consultants for your RAKEZ free zone company setup consultation, email [email protected] or call +971 4 878 6240.
RAKEZ free zone issues the following list of freezone licenses:
- Industrial – Manufacturing, importing, packaging, and exporting products
- Commercial – Trading in services and goods
- Educational – Opening an education-related institution or a consultancy company
- E-commerce – Trading in goods and services via electronic means
- Individual/Professional – One owner with one activity in a specific specialty or expertise
- General Trading – Trading in multiple goods
- Media – Operating media-related business activities
- Service – Conducting services or consultancies across any industry
For assistance with this service request in RAKEZ free zone license activation, contact us on email [email protected] or call +971 4 878 6240.
Generally, RAKEZ free zone licences are valid for one (1) year from the issue date. We suggest contacting our team to know more about registering a RAKEZ free zone company via email [email protected] or call +971 4 878 6240.
An entity at RAKEZ free zone requires a standard business plan explaining the business summary, the target market, opportunities, risk, and sources of funding must be reflected.
To register branches or subsidiary companies in RAKEZ free zone, the authorised signatory on behalf of the parent company needs to sign the resolution for a branch or subsidiary. The power to sign on behalf of the parent company needs to be mentioned in the parent company’s legal documents or through an attested power of attorney document by the UAE Embassy or Consulate in the parent company’s country of origin.
RAKEZ offers two types of entity formation:
(a) A Free Zone Entity: A Limited Liability Company (LLC) or a Branch incorporated in the RAKEZ free zone area. A Free Zone Entity must obtain a licence from RAKEZ.
(b) A Non-Free Zone Entity: A Limited or Unlimited Liability Company, or a Branch incorporated in the RAKEZ non-free zone area. In addition to a licence from RAKEZ, a Non-Free Zone Entity must obtain a licence from RAK Department of Economic Development (RAK DED).
Contact Creation Business Consultants for your RAKEZ free zone company setup consultation, email [email protected] or call +971 4 878 6240.
No, all RAKEZ free zone companies must submit audited financial statements prepared by RAKEZ free zone approved auditors.
Yes, all companies incorporated in RAKEZ free zone jurisdiction are required to prepare and submit audited financial statements for every financial year.
No. RAKEZ is a free zone located in the northern Emirate of Ras Al Khaimah.