RAKEZ, short for Ras Al-Khaimah Economic Zone, stands as a prominent UAE free zone, serving as a premier investment destination in the nation. Originally formed through the integration of specialized zones and clientele from RAK Free Trade Zone (RAK FTZ) and RAK Investment Authority (RAKIA), RAKEZ currently provides tailored business solutions for both non-free zone and free zone enterprises. With a diverse community spanning freelancers, solo entrepreneurs, startups, SMEs, and industrialists, RAKEZ fosters growth across more than 50 thriving industries in a multinational environment.
With a vibrant local culture, breathtaking vistas, and advanced infrastructure, RAKEZ boasts a blend of tradition and modernity. It stands out for its safety and stability, supported by top credit rating agencies, and for fostering a business-friendly atmosphere.
RAKEZ free zone permits full ownership of companies, eliminating the need for a UAE local partner holding 51% ownership. Moreover, it offers unrestricted foreign exchange transactions and access to various free zone amenities, simplifying entry for international investors.
RAKEZ stands out as one of the most cost-effective economic zones globally, making it an optimal choice for launching a new business in the UAE. Additionally, land prices and living expenses in Ras-Al Khaimah are exceptionally affordable.
Establishing a business in the UAE within RAKEZ is swift and streamlined, particularly with the assistance of a company setup consultant like Creative Zone, who facilitates all necessary procedures and requirements. This includes the rapid acquisition of UAE residencies and visas. RAKEZ is also recognized as a centralized hub for government services, offering self-service customer portals to entrepreneurs, enhancing the convenience of the business setup journey.
The Ras Al-Khaimah Economic Zone provides a wide array of business opportunities encompassing manufacturing, pharmaceuticals, import-export, food industries, and robotics. Leveraging the diverse industrial facilities and value-added services offered by RAKEZ is advantageous. Additionally, flexible and transparent business regulations foster a conducive environment for company expansion.
RAKEZ provides different types of trade licenses, each with distinct limitations on operations within both the free zone and non-free zone regions.
Companies Registered In RAKEZ With This License Have The Flexibility To Participate In General Trading, Retail Services, Import And Export, As Well As Other Associated Activities.
General Trading Licenses empower businesses to import, export, and distribute goods throughout the UAE. These licenses also allow companies to sell their products within the country, either directly or through a local distributor.
Enables an individual to engage in a single activity within a particular specialization.
Allows companies to offer educational and social services, educational training, and educational consultancy services.
RAKEZ provides six specialized free zones designed to cater to the distinct requirements of various businesses. Each zone is dedicated to specific business activities and organizational structures. The regulatory authorities within RAKEZ establish the eligible business categories for registration. Below is a summary of the six zones and the types of businesses they cater to:
Located in a tranquil setting somewhat removed from the bustling city, this zone offers an ideal environment for businesses seeking a serene location for their operations. Despite its peaceful surroundings, it provides convenient access to commercial establishments, logistical hubs, as well as leisure and residential areas.
For investors involved in heavy industrial manufacturing, RAKEZ presents the Al Hulaila Industrial Zone, facilitating the formation of free zone entities. This zone encompasses various amenities such as land, warehouses, labor accommodations, and office spaces. It serves as a comprehensive destination customized to fulfill the requirements of businesses operating in this sector.
Comprising state-of-the-art business centers, this contemporary zone is specifically tailored for startups, freelancers, entrepreneurs, and SMEs. It serves as a supportive hub for these business owners.
With its array of educational institutions and pre-built facilities, this location serves as an ideal business center for owners aiming to provide academic services.
This serves as a contemporary industrial hub suitable for a wide range of company activities, including both light and heavy operations.
Al Ghail presents an ideal opportunity for entrepreneurs seeking to establish large-scale industrial manufacturing enterprises. Companies within the Al Ghail industrial area can benefit from warehousing facilities, land for development, and staff accommodation.
The steps are quite simple. Here’s how to open your company in the Ras Al-Khaimah Economic Zone
The free zone allows for a wide range of businesses to be set up with ease. Pick out the specific activities you wish to conduct, and we’ll help you choose the ideal Ras Al-Khaimah Economic Zone license type and setup option.
The business name for your Ras Al-Khaimah Economic Zone company must not already be in use by another firm. It also should not reference anything political or religious. Thus, it’s best to have at least a few options ready for a more hassle-free name registration process.
Prepare the Ras Al-Khaimah Economic Zone license requirements needed for the entity type you’ve chosen and submit them to the Free Zone authority. They’ll examine your documents, get in touch for any discrepancies, and approve the license should you meet all the necessary criteria.
You may opt to open an account with either a local or an international UAE bank. Our team of experts will help you choose the best bank for your needs and guide you through the whole process.
The next crucial step will be to secure Ras Al-Khaimah Economic Zone visas for your team, so you can begin your operations. We will be happy to assist you with the needed documents and the application process.
