RAKEZ

Ras Al Khaimah Economic Zone, commonly known as RAKEZ, is a project that was established with the leadership of His Highness Sheikh Saud bin Saqr Al Qasimi, Ruler of Ras Al Khaimah and a member of the United Arab Emirates Supreme Council. Its primary objective was to oversee and merge the specialized zones and clients of both RAK Investment Authority (RAKIA) and Ras Al Khaimah Free Trade Zone (RAK FTZ). We have extensive knowledge of RAK Free Zone company setup and can offer our professional expertise on all matters relating to company formation.

Setting up a business in the Ras Al Khaimah Economic Zone is an outstanding accomplishment, as it is expected to be one of the largest economic zones in the region. Covering approximately 33 million square meters of land, it is home to over 13,000 companies, served by RAKIA and RAK FTZ from more than 100 countries, representing over 50 business sectors. The creation of the Ras Al Khaimah Economic Zone is a continuation of the establishment of RAKIA in 2005 and RAK FTZ in 2000.

RAKEZ is dedicated to providing excellent support to its clients and investors by offering cost-effective and world-class economic solutions. They provide customized packages and services, as well as state-of-the-art facilities, empowering their clients and investors. The strategic location of the RAKEZ business zone enables investors to connect to the growing markets of the world.

 RAKEZ is divided into specialized zones 

• RAKEZ Business Zone,
• Al Hamra Industrial Zone,
• Al Ghail Industrial Zone,
• Al Hulaila Industrial Zone
• RAKEZ Academic Zone

The above zones cater various sectors that include trading, services, consultancy, manufacturing, industrial projects, logistics, schools, universities, institutes, academic consultancy and other services.

RAKEZ offers a range of services that make it an attractive destination for investors. One of the main benefits of RAKEZ is its business-friendly environment.

The economic zone offers a range of licensing options, including industrial, commercial, and educational licenses, which can be customized to meet the needs of businesses across various industries. Additionally, RAKEZ offers a one-stop-shop service, which makes it easy for investors to set up their operations in the UAE. The service includes visa and immigration support, company registration, and bank account opening.

RAKEZ also offers a range of incentives to businesses, including 100% foreign ownership, zero corporate and personal income tax, and no restrictions on repatriation of capital and profits. Additionally, RAKEZ offers affordable office and warehouse spaces, which can be customized to meet the needs of businesses of all sizes. The economic zone also offers a range of support services, including business center facilities, conference rooms, and a range of IT services.

RAKEZ is home to over 14,500 companies from over 100 countries, making it a truly global hub for businesses. The economic zone has attracted companies across various industries, including manufacturing, trading, services, education, and healthcare. Some of the major companies that have set up their operations in RAKEZ include RAK Ceramics, Arabian Jerusalem Equipment Trading, and Al Fakher Tobacco.

Features

• RAK free zone company setup offers 100% ownership
• Entity formation as free zone and non-free zone
• Quick and efficient business setup processes
• Ability to build on-site staff and accommodation
• Wide range of businesses, industrial facilities, and value-added services
• One-stop solution for all services
• Customer portal with self-service
• Strong connectivity to major logistical hubs and multilane superhighways
• Business setup in Ras Al Khaimah offers easy accessibility via an international spread of regional offices
• Get easy access to markets across the countries like Middle East, Asia, North Africa, and Europe regions.

RAKEZ is divided into specialized zones

• RAKEZ Business Zone,
• Al Hamra Industrial Zone,
• Al Ghail Industrial Zone,
• Al Hulaila Industrial Zone
• RAKEZ Academic Zone

The above zones cater various sectors that include trading, services, consultancy, manufacturing, industrial projects, logistics, schools, universities, institutes, academic consultancy and other services.

Al Hamara Industrial Zone

 Al Hamara is a suitable space for both light industries and heavy industry projects. It allows both free zone and non-free zone entities.

Al Ghail Industrial Zone

 Al Ghail is a perfect choice for large-scale industrial manufacturing enterprises. It’s a preferable choice for free zone and non-free zone entities.

Al Hulaila Industrial zone

Al Hulaila is a home for the heavier side of industrial manufacturing.

The structuring of a company’s operations in RAKEZ free zone can be organized in one of the following ways:

• Branch of a foreign company or a locally registered entity
• Free Zone Establishment (FZE) with one shareholder
• Free Zone Limited Liability Company (FZ-LLC) with 2-5 shareholders

On the other hand, business operations in a non-free zone in RAKEZ can be structured as an Individual Establishment (sole owner) or as a Limited Liability Company (LLC) with 2 or more shareholders (up to 50 shareholders) requiring a UAE national partner.

For FZE and FZ-LLC, there is a minimum capital requirement of AED 100,000, but it is not necessary to show evidence of the deposit of the capital amount.

For non-free zone companies, the capital should be sufficient to fulfill the purpose of incorporation, with equal shares in value.

The cabinet may determine the minimum capital of the company in combination with the proposal made by the minister and the competent authorities.

BUSINESS REGISTRATION FEES IN RAKEZ

Let Candour Consulting guide you through the process of setting up your company in Ras Al Khaimah Economic Zone or any other free zone in the UAE.

We offer expert consultation and assistance to help you start your business with the best facilities and corporate structure, ensuring its success. We also provide support for tasks such as opening personal or corporate bank accounts, obtaining residence visas, and attesting official documents.

To learn more about the fees associated with setting up a business in Ras Al Khaimah Economic Zone or for general information about starting a business in the UAE, contact us today.

While a list of general business setup costs in RAKEZ is provided below, we encourage you to reach out to our Business Setup Experts for a tailored proposal.

• Type of License and 2. Type of Office Facilities

Each activity of a company falls under a specific type of License. Below is the list of license and facility types available in RAKEZ.

The fees of each type of license depend on visa eligibility, the office facility, and type of ownership (FZE – one single ownership and FZ LLC is a partnership from 2 to 5 partners).