RAKEZ
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Benefits of Establishing Your Business in RAKEZ
Foreign Ownership
RAKEZ Free Zone enables full foreign ownership of companies, eliminating the need for a UAE local partner who typically owns 51% of the business. This liberalized ownership structure also comes with the advantage of unrestricted foreign exchange transactions and access to various free zone amenities, simplifying the entry process for international entrepreneurs.
Effortless Business Setup
Setting up a business in the UAE, particularly within RAKEZ, is a swift and efficient process, especially when assisted by a company setup consultant like Vip Zone. We guide you through all requirements and procedures, including the rapid acquisition of UAE residencies and visas. RAKEZ is renowned for its centralized government services and offers self-service customer portals, enhancing the convenience of the business setup journey.
Cost-Effective, Premium Environment
RAKEZ ranks among the world’s most cost-effective economic zones, positioning it as an ideal destination for launching a new business in the UAE. Additionally, Ras Al Khaimah boasts affordable land prices and living costs, further enhancing the overall cost-efficiency.
Connectivity to Local and Global Markets
Ras Al Khaimah Free Zone enjoys strategic proximity to trade routes connecting the East and the West. It is seamlessly linked to major logistical hubs and multi-lane superhighways. With its seaports and international airport, businesses based in RAKEZ have easy access to a global network of regional offices and markets spanning the MENA and Asia.
Diverse Business Opportunities
RAKEZ Free Zone offers a wide spectrum of business activities, including manufacturing, pharmaceuticals, import-export, food industries, and robotics. Entrepreneurs can take advantage of multiple industrial facilities and value-added services provided by RAKEZ. The free zone also boasts flexible and transparent regulations that foster a business-friendly environment, facilitating company growth.
Cost of Establishing Your Company in RAKEZ
Commencing your company setup in RAKEZ starts at an affordable rate of only AED 5,499.
It’s important to keep in mind that this pricing may fluctuate based on factors such as your chosen business activities, the number of shareholders, office space requirements, and other considerations.
Obtain a personalized estimate for your business setup expenses in the RAKEZ Free Zone within the UAE.
Explore Monthly Payment Plans with Partner Banks
Transform Your Payments into Convenient Monthly Installments
Effortlessly convert your transactions into budget-friendly monthly installments through our trusted network of banking partners. Simply make a minimum credit card purchase of AED 1,000 from any of our affiliated banks and enjoy the flexibility of repaying over a convenient 12-month period.
Steps
1. Make a minimum AED 1,000 purchase using your credit card for any services offered by Vip Zone.
2. Contact the customer service of one of our partner banks and request to convert your purchase into an Easy Payment Plan.
3. Choose to pay over 3, 6, 9, or 12 months, depending on your preference.
* Please be aware that the general terms and conditions set forth by the banks will be applicable.
Types of Licenses Offered in Ras Al Khaimah Economic Zone
RAKEZ Provides Ten (10) Distinct Trade Licenses, Each With Unique Operational Boundaries Within Both Free Zone and Non-Free Zone Areas
Allows trading of goods and services in both Free Zone and Non-Free Zone areas.
Permits the establishment of educational institutions or consultancies within the Free Zone.
Allows trading of goods and services through electronic means, exclusively in the Free Zone.
Enables trading of multiple goods, available in the Free Zone.
Allows individuals to conduct one specific specialty activity within the Free Zone.
Requirements for Obtaining the RAKEZ License
To obtain a RAKEZ License for your company in Ras Al Khaimah Free Trade Zone, you need to fulfill specific requirements that align with your company's nature and setup preferences.
Important Information and Who We Are
Free Zone FZ-LLC
Requirements
- Visa Copy or Entry Stamp of Shareholders, GM, & Director (if applicable)
- Original No Objection Certificate for Shareholder(s)/GM (if UAE resident)
- Business Plan (only for specific activity)
- Colored Passport Copy of Shareholders, GM, Director (if applicable)
- Emirates ID Copy of Shareholders, GM (if applicable)
- UBO Declaration Form & Passport Copy
Non-Free Zone IE or LLC
Requirements
- Chamber of Commerce Membership Application
- Department of Economic Development Registration
- Visa Copy or Entry Stamp of Shareholders, GM, & Director (if applicable)
- Original No Objection Certificate for Shareholder(s)/GM (if UAE resident)
- Family Book & Emirates ID of UAE Shareholder or Local Service Agent (whichever is applicable)
- Business Plan (only for specific activity)
- Colored Passport Copy of Shareholders, GM, Director (if applicable)
- Emirates ID Copy of Shareholders, GM (if applicable)
- UBO Declaration Form & Passport Copy
Corporate Entities
Free Zone UAE Branch
Requirements
- Colored Passport Copy of Shareholders, GM, Director (if applicable)
- Visa Copy or Entry Stamp of Shareholders, GM, & Director (if applicable)
- Original No Objection Certificate for Shareholder(s)/GM (if UAE resident)
- Shareholders/Board Resolution Resolving Establishment of a RAKEZ Company & Appointment of GM
- Business Plan (only for specific activity)
- Copy of Valid Trade License
- Memorandum & Articles of Association
- Commercial Register
- Emirates ID Copy of Shareholders, GM (if applicable)
- UBO Declaration Form & Passport Copy
Free Zone Foreign Branch
Requirements
- Colored Passport Copy of Shareholders, GM, Director (if applicable)
- Visa Copy or Entry Stamp of Shareholders, GM, & Director (if applicable)
- Original No Objection Certificate for Shareholder(s)/GM (if UAE resident)
- Shareholders/Board Resolution Resolving Establishment of a RAKEZ Company & Appointment of GM
- Business Plan (only for specific activity)
- Copy of Valid Trade License
- Memorandum & Articles of Association
- Certificate of Registration
- Certificate of Good Standing/Extract from Corporate Register (whichever is applicable)
- Emirates ID Copy of Shareholders, GM (if applicable)
- UBO Declaration Form & Passport Copy
Non-Free Zone UAE Branch
Requirements
- Chamber of Commerce Membership Application
- Department of Economic Development Registration
- Colored Passport Copy of Shareholders, GM, Director (if applicable)
- Visa Copy or Entry Stamp of Shareholders, GM, & Director (if applicable)
- Original No Objection Certificate for Shareholder(s)/GM (if UAE resident)
- Shareholders/Board Resolution Resolving Establishment of a RAKEZ Company & Appointment of GM
- Family Book & Emirates ID of UAE Shareholder or Local Service Agent (whichever is applicable)
- Business Plan (only for specific activity)
- Copy of Valid Trade License
- Memorandum & Articles of Association
- Commercial Register
- Emirates ID Copy of Shareholders, GM (if applicable)
- UBO Declaration Form & Passport Copy
Non-Free Zone Foreign Branch
Requirements
- Chamber of Commerce Membership Application
- Department of Economic Development Registration
- Colored Passport Copy of Shareholders, GM, Director (if applicable)
- Visa Copy or Entry Stamp of Shareholders, GM, & Director (if applicable)
- Original No Objection Certificate for Shareholder(s)/GM (if UAE resident)
- Shareholders/Board Resolution Resolving Establishment of a RAKEZ Company & Appointment of GM
- Family Book & Emirates ID of UAE Shareholder or Local Service Agent (whichever is applicable)
- Business Plan (only for specific activity)
- Copy of Valid Trade License
- Memorandum & Articles of Association
- Certificate of Registration
- Certificate of Good Standing/Extract from Corporate Register (whichever is applicable)
- Certificate of Incumbency
- Emirates ID Copy of Shareholders, GM (if applicable)
- UBO Declaration Form & Passport Copy
Requirements for Obtaining a Legal Consultancy License
To obtain a legal consultancy license, you will need to fulfill the following requirements:
- Legal Consultancies Application
- Attested Degree in Law (for the appointed manager)
- Attested Document Confirming Professional Experience, with a minimum seniority of 5 years (for the appointed manager)
- Designated Non-Financial Businesses and Professions
- Letter of Undertaking
Steps in Setting Up Your Business in RAKEZ
There are only three straightforward steps involved in the Ras Al Khaimah business registration process with RAKEZ.
Steps
1. Determine your business activities
To position your business for success in the UAE, it’s essential to explore the wide range of activity options available. Start by deciding on the specific activities your company will engage in. This decision will guide us in selecting the appropriate license, legal entity, and facilities for your business.
2. Prepare and submit your application documents
While there are multiple documents required to set up your company in RAKEZ, the process remains efficient and streamlined. With the support of your business setup partner, Vip Zone, the entire process often takes just a few days.
3. Receive your business license
After your application is completed and approved, you will receive your RAKEZ business license, registration set, and a bank letter. At this stage, you can also proceed with your visa application process.
Six Dedicated Zones at the Ras Al Khaimah Economic Zone
RAKEZ provides six dedicated zones within the Ras Al Khaimah Economic Zone, each designed to cater to the unique requirements of various businesses. Each zone has a specific emphasis on certain types of business activities and company structures. The regulatory authorities within RAKEZ define the eligible business categories for each zone. Here's an overview of these six zones and the types of businesses they are suitable for:
Al Hamra Business Zone
This zone is somewhat secluded from the bustling city, making it an ideal choice for those in search of a tranquil environment for their business center. Despite its peaceful setting, it offers convenient access to commercial facilities, logistics hubs, as well as residential and recreational areas.
Al Nakheel Business Zone
This contemporary zone comprises top-notch business centers that cater to startups, freelancers, entrepreneurs, and SMEs. It serves as a supportive hub for these business owners, providing them with the resources they need to thrive.
Al Hulaila Industrial Zone
For investors involved in heavy industrial manufacturing, RAKEZ provides the Al Hulaila Industrial Zone, allowing for the setup of free zone entities. This zone offers a variety of facilities, such as land, warehouses, labor accommodations, and office spaces. It serves as a comprehensive destination designed to fulfill the requirements of businesses in this sector.
RAKEZ Academic Zone
With its educational institutions and pre-built facilities, this zone is an ideal choice for those looking to establish their business center focused on academic services.
Al Hamra Industrial Zone
This modern industrial hub is well-suited for a wide range of company activities, both light and heavy.
Al Ghail Industrial Zone
Al Ghail, Ras Al Khaimah is the ideal choice for entrepreneurs looking to establish large-scale industrial manufacturing enterprises. Companies in the Al Ghail industrial area can benefit from warehousing facilities, land for development, and staff accommodation.
