RAKEZ Free Zone (Ras Al Khaimah Economic Zone)

RAKEZ (Ras Al Khaimah Economic Zone) is one of the most prominent and cost-effective free zones in the UAE, located in the emirate of Ras Al Khaimah. It is known for offering business-friendly solutions, affordable setup costs, and a wide range of facilities to cater to various industries. RAKEZ is ideal for startups, SMEs, and large enterprises seeking to expand in the UAE or globally.

Key Features of RAKEZ Free Zone

1. Affordable Business Setup:

   • Low setup costs and flexible payment plans.
   • Licensing options starting from AED 11,500.
   • Customizable business packages for startups and enterprises.

2. Strategic Location:

   • Located near Ras Al Khaimah Airport and seaports.
   • Easy access to UAE and GCC markets.

3. Diverse Business Activities:

   • Trading.
   • E-commerce.
   • Manufacturing.
   • Service-oriented businesses.
   • Media and education sectors.

4. Flexible Workspace Options:

   • Shared workspaces and co-working offices.
   • Private offices, warehouses, and industrial plots.
   • Onsite labor accommodations for manufacturing units.

5. 100% Ownership:

   • Full foreign ownership with no requirement for a local sponsor.
   • 100% profit repatriation and tax-free environment.

6. Visa Packages:

   • Multiple visa options for employees and investors.
   • Residency visas for up to 5 years, depending on the business type.

7. Efficient Setup Process:

   • Quick registration and licensing (as fast as 24 hours for certain business types).
   • Comprehensive customer support throughout the setup process.

8. Specialized Zones:

   • Industrial zone for heavy industries.
   • Media zone for creative businesses.
   • Education zone for training centers and schools.

Types of Licenses Offered by RAKEZ

1. Commercial License:

   • For trading activities such as importing/exporting and distribution.

2. Service License:

   • For consulting, professional services, and other non-physical goods-related activities.

3. Industrial License:

   • For manufacturing, production, and industrial operations.

4. Freelance Permit:

   • For individuals offering professional services such as design, consulting, or IT services.

5. E-commerce License:

   • For businesses operating online stores and digital platforms.

6. Media License:

   • For companies in the media, entertainment, and advertising sectors.

Benefits of Setting Up a Business in RAKEZ

1. Cost-Effectiveness:

   • RAKEZ offers one of the most affordable licensing and operational costs in the UAE.

2. Easy Access to Resources:

   • Proximity to major ports and logistics facilities for smooth operations.

3. Diverse Opportunities:

   • RAKEZ caters to a variety of industries, making it suitable for businesses of all types.

4. Investor-Friendly Policies:

   • Flexible laws, including 100% foreign ownership and full repatriation of profits.

5. Customizable Packages:

   • Tailored solutions for entrepreneurs, freelancers, and multinational corporations.

Process of Setting Up a Business in RAKEZ

1. Choose a Business Activity:

   • Identify the type of business activity you want to operate in RAKEZ.

2. Select a License Type:

   • Choose from commercial, service, industrial, e-commerce, freelance, or media licenses.

3. Select a Workspace:

   • Decide on your workspace requirements (virtual office, shared office, warehouse, etc.).

4. Submit Documents:

   • Provide necessary documents like passport copies, proof of address, and business activity details.

5. Payment:

   • Pay the license and setup fees based on your selected package.

6. Receive Your License:

   • Once approved, you will receive your business license, and you can start operations.

Documents Required for RAKEZ Business Setup

1. Passport copy of the owner(s).
2. Passport-sized photographs.
3. Proof of residential address.
4. Business activity details.
5. No Objection Certificate (NOC) if currently employed in the UAE.

Who Should Choose RAKEZ Free Zone?

• Startups: Cost-effective and easy registration process makes it ideal for entrepreneurs.
• SMEs: Flexible licensing and workspace options fit small and medium enterprises.
• Industrial Companies: Access to industrial plots and warehouses for manufacturing.
• Freelancers: RAKEZ offers affordable freelance permits.
• E-commerce Businesses: Perfect for businesses aiming to establish an online presence.

Why Choose RAKEZ?

RAKEZ combines affordability, flexibility, and strategic location to create an excellent environment for businesses. Whether you’re a startup, freelancer, or multinational company, RAKEZ provides a wide array of solutions tailored to meet your business needs while ensuring access to the UAE’s vibrant market.