Ras Al Khaimah (RAK) is one of the seven emirates in the UAE, offering a dynamic and business-friendly environment through the Ras Al Khaimah Economic Zone (RAKEZ). RAKEZ is a premier destination for businesses looking to expand in the UAE and globally, offering a broad range of benefits, including tax exemptions, full foreign ownership, and strategic access to regional and international markets.
RAKEZ is ideal for entrepreneurs, startups, and established companies across various sectors, including manufacturing, technology, logistics, and service industries. The free zone is known for its modern infrastructure, simplified business setup process, and extensive support services.
In this article, we’ll guide you through the process of setting up a business in RAKEZ, explaining everything from choosing the right company structure to obtaining the necessary licenses and visas.
RAKEZ is a government-backed free zone in Ras Al Khaimah, offering a range of services that help businesses grow and thrive. It’s designed to support various industries, from manufacturing and logistics to consultancy and trading. RAKEZ combines state-of-the-art infrastructure with a business-friendly regulatory environment, making it an attractive destination for local and international businesses.
RAKEZ offers different zones to cater to the diverse needs of businesses, including industrial areas, commercial spaces, and office units. The zone also benefits from its strategic location near the Arabian Gulf, providing easy access to global markets.
RAKEZ aims to foster innovation, growth, and sustainability by offering competitive advantages to businesses in a wide range of sectors.
RAKEZ benefits from its prime location within the UAE, with access to key markets in the Middle East, Asia, Europe, and Africa. Ras Al Khaimah is located close to major transportation hubs, such as the Ras Al Khaimah International Airport and the port, making it an ideal place for businesses involved in trade, logistics, and manufacturing.
RAKEZ businesses benefit from the full backing of the UAE government, including numerous incentives and policies aimed at helping businesses succeed. Entrepreneurs in RAKEZ can take advantage of the UAE’s stable political environment, world-class infrastructure, and investment-friendly policies.
RAKEZ offers significant tax exemptions, such as 100% exemption from corporate tax and income tax. Additionally, businesses in RAKEZ are not subject to import/export duties, making it an attractive option for businesses involved in international trade.
One of the key advantages of RAKEZ is that it allows 100% foreign ownership of businesses. This benefit is crucial for international investors and entrepreneurs who wish to retain full control over their operations in the UAE.
Compared to other UAE free zones, RAKEZ offers cost-effective solutions for setting up a business. This affordability makes it a great choice for both startups and larger corporations looking to expand in the region.
Before setting up your business, you’ll need to determine the type of business you plan to run. RAKEZ supports a wide variety of business activities, including:
Choosing the right business activity will help you decide which type of license you’ll need and the specific requirements for your business setup.
RAKEZ offers several types of legal structures for businesses, including:
Each structure comes with its own benefits and requirements, so it’s essential to understand which one fits your business model best.
Depending on your business activity, you will need to apply for a suitable business license. RAKEZ offers three primary types of licenses:
Each license type comes with specific requirements, and selecting the correct one is crucial for ensuring compliance with RAKEZ regulations.
The registration process in RAKEZ is straightforward and involves submitting the necessary documents, such as:
Once the application is submitted, RAKEZ will process it and issue the necessary documentation to finalize your registration.
RAKEZ allows businesses to sponsor visas for their employees and shareholders. The number of visas you can sponsor depends on the size of your office space and the nature of your business. RAKEZ provides a range of visa options, including:
Visa applications can be processed once your company registration is complete.
Once your company is registered and licensed, the next step is to secure office space. RAKEZ offers a variety of office space options, from flexi-desks to full offices and industrial units. Renting office space in RAKEZ gives you access to top-tier facilities and services, such as:
You can choose from flexible office options that suit your budget and business needs.
One of the most significant advantages of setting up a business in RAKEZ is that it allows 100% foreign ownership. Unlike mainland companies, which require a local sponsor, businesses established in RAKEZ can be fully owned by foreign investors. This offers entrepreneurs complete control over their operations, allowing them to make decisions without the need for external interference.
This level of ownership is a major attraction for international entrepreneurs and investors, as it ensures they can retain full decision-making authority and ownership rights in their business operations.
RAKEZ offers various tax exemptions that make it an attractive choice for businesses. Some of the key tax-related benefits include:
These tax advantages significantly reduce the financial burden on companies, making it easier for businesses to grow and expand in the UAE.
RAKEZ is strategically located in Ras Al Khaimah, providing easy access to both regional and global markets. The UAE itself is a global trading hub, with numerous opportunities for businesses to establish and expand operations worldwide. With direct access to the Arabian Gulf, RAKEZ businesses can easily engage in international trade, making it a key location for exporters and importers.
Additionally, the UAE’s extensive air and sea transport networks, combined with the country’s reputation for being a global business center, allow companies in RAKEZ to easily connect with global suppliers, customers, and partners.
RAKEZ offers a simplified regulatory process that is designed to make it easier for businesses to operate. The zone follows a “one-stop-shop” approach, meaning all your business setup requirements, including registration, licensing, and visa processing, can be handled under one roof. This streamlined process saves time and reduces bureaucratic delays, allowing entrepreneurs to focus on running their business instead of navigating through complex administrative procedures.
The process is transparent and straightforward, with clear instructions provided at every step to ensure compliance with RAKEZ’s regulations.
Setting up a business in RAKEZ is generally affordable compared to other free zones in the UAE. The cost of starting a business in RAKEZ varies based on the type of license, office space, and the number of visas required. However, compared to the mainland, RAKEZ provides a cost-effective solution for both startups and established businesses looking to expand their operations.
Cost Breakdown:
Overall, RAKEZ provides flexible pricing, which makes it an attractive option for businesses of all sizes. With the added benefit of tax exemptions, the cost of doing business in RAKEZ is considerably lower than in many other parts of the UAE.
A business license in RAKEZ is essential for any company operating in the free zone. RAKEZ offers several types of business licenses based on your business activity. These licenses are categorized into three main types:
License Application Process:
The business license is typically issued for one year and is renewable annually.
RAKEZ offers various visa options for both business owners and their employees. The number of visas a business can sponsor is directly tied to the office space it leases. The more space you occupy, the more visas you can apply for. RAKEZ offers the following visa options:
Visa Requirements:
RAKEZ’s visa system ensures that businesses have the flexibility to hire skilled professionals from across the globe and manage their workforce efficiently.
When setting up a business in RAKEZ, you’ll need to choose a legal structure that aligns with your business model. RAKEZ offers various company types:
Each structure comes with its own set of requirements and advantages, making it essential to choose the one that best fits your business objectives.
Setting up a business in RAKEZ is a relatively quick and streamlined process. On average, the company registration process takes around 7-10 business days, depending on the completeness of your application and the type of business structure you choose.
RAKEZ aims to expedite the process, and many entrepreneurs find that they can have their business up and running in a matter of weeks.
Before you can start your business in RAKEZ, you’ll need to meet certain requirements to ensure compliance with the free zone’s regulations. These include:
RAKEZ’s documentation and setup process is designed to be transparent and simple. Once all documentation is in place, your application will be processed quickly.
Unlike the mainland UAE, businesses in RAKEZ do not require a local sponsor. This is a key benefit of setting up in a free zone, as it allows 100% foreign ownership. RAKEZ businesses are completely owned and managed by foreign investors without needing a local partner or shareholder, which is typically required for mainland company formations.
This unique advantage gives business owners full control over their business operations and decision-making processes. This structure is particularly beneficial for international entrepreneurs who want to retain autonomy over their operations in the UAE.
RAKEZ is specifically designed to attract foreign investors by offering various incentives and a regulatory environment that supports international businesses. Key features that make RAKEZ attractive to foreign investors include:
These factors make RAKEZ a top choice for foreign investors looking to establish a presence in the UAE without the complexities of a mainland setup.
Yes, businesses established in RAKEZ are allowed to operate internationally. RAKEZ provides businesses with the flexibility to expand beyond the UAE borders, and many businesses use the free zone as a gateway for regional and global expansion.
However, businesses operating internationally should ensure that they comply with the regulations of the countries they expand to, which may require additional documentation and registration.
Opening a corporate bank account is an essential step after registering your company in RAKEZ. The process is simple and can be done through any of the UAE’s prominent banks. To open a corporate bank account, you’ll typically need the following:
RAKEZ offers its business owners assistance in connecting with banks, and many local and international banks provide tailored services for businesses in RAKEZ.
RAKEZ offers various office space solutions tailored to different business needs. These options range from flexible desk spaces to larger private offices and industrial units. The type of office space you select will depend on your business size, requirements, and budget.
Businesses can choose the office space option that aligns with their operations and scaling needs. Additionally, RAKEZ provides a range of value-added services like internet, phone lines, and administrative support to ensure your business runs smoothly.
To set up a business in RAKEZ, follow these key steps:
RAKEZ offers several benefits to businesses:
The cost of setting up a business in RAKEZ depends on several factors:
Since costs can vary, it’s best to consult directly with RAKEZ for an accurate cost estimate based on your business requirements.
RAKEZ supports a wide variety of business activities, including but not limited to:
RAKEZ is flexible and offers tailored solutions for many industries, making it a suitable choice for diverse business types.
Setting up a business in RAKEZ typically takes between 7-10 business days, depending on the completeness of your documentation and the type of business structure you choose. The process can be expedited if all necessary documents are submitted promptly.
To set up a business in RAKEZ, you will need the following:
Additional documents may be required depending on the business type, but RAKEZ provides clear guidelines for each business setup type.
Yes, RAKEZ allows 100% foreign ownership of businesses. Foreign investors can set up and fully own their businesses without needing a local partner or sponsor, unlike mainland UAE requirements. This is one of the primary benefits of choosing RAKEZ as a business location.
No, RAKEZ does not require a local sponsor for businesses. RAKEZ is a free zone, and companies registered here are allowed to have 100% foreign ownership. This makes it an attractive option for international investors who want to retain complete control over their operations.
RAKEZ provides several visa options for businesses:
Businesses in RAKEZ enjoy several tax exemptions, including:
These tax benefits make RAKEZ a highly attractive option for businesses looking to minimize tax liabilities.
RAKEZ does not have a specific minimum capital requirement for most types of businesses. However, your business plan should outline the amount of capital needed to run and sustain your operations effectively. Capital requirements may vary based on the business activity and the type of company structure chosen.
To apply for a trade license in RAKEZ, you need to:
RAKEZ offers a simplified application process, making it easy for businesses to obtain the necessary licenses and start operations quickly.
No, RAKEZ offers 100% foreign ownership for businesses. This makes it unique compared to mainland UAE setups, where a local partner or sponsor is required for full ownership. Foreign investors can fully own their business in RAKEZ without any restrictions.
RAKEZ offers a variety of office space options, including:
RAKEZ provides a range of office spaces to cater to different business needs, with flexible lease terms to accommodate business growth.
Opening a corporate bank account in RAKEZ is a simple process that involves:
Yes, RAKEZ allows businesses to hire employees from outside the UAE. The number of employees you can hire depends on the size of your office space and the type of business activity. RAKEZ provides visa options for foreign workers, enabling businesses to build a skilled workforce from around the world.
RAKEZ offers several legal structures for businesses, including:
To register a business in RAKEZ, you will need the following documents:
Yes, businesses in RAKEZ can operate outside the UAE. RAKEZ allows international expansion through branch offices, subsidiaries, and partnerships. However, it’s essential to comply with the local regulations of the countries in which you plan to operate.
To renew your business license in RAKEZ, you need to:
RAKEZ offers a smooth and simple renewal process to ensure that your business remains compliant with local regulations.
RAKEZ is not just about setting up a business; it’s about growing and expanding with the future in mind. The free zone offers a range of opportunities for businesses looking to scale, innovate, and expand globally. Here’s a look at how you can further leverage RAKEZ for long-term success:
RAKEZ provides businesses with the tools and resources needed to grow and thrive. With its comprehensive support system, businesses can:
Setting up a business in Ras Al Khaimah Free Zone (RAKEZ) is a smart choice for entrepreneurs looking for a flexible, affordable, and growth-oriented environment. Whether you’re a startup, an established business, or an international investor, RAKEZ offers the right combination of benefits to help your business thrive in the UAE’s dynamic market.
With its tax exemptions, 100% foreign ownership policy, and streamlined processes, RAKEZ is the perfect platform to launch, expand, and scale your business. The free zone’s strategic location, innovative infrastructure, and business-friendly regulations ensure that RAKEZ remains a top choice for businesses from around the world.
By choosing RAKEZ, you’re not just setting up a business — you’re setting yourself up for success. Take advantage of all that RAKEZ has to offer, and start building your future in one of the world’s most business-friendly environments today.