Ras Al Khaimah Economic Zone (RAKEZ)
Ras Al Khaimah Economic Zone (RAKEZ) freezone is a leading economic zone in the United Arab Emirates (UAE). The free zone is located very close to the Emirate of Dubai. It offers many benefits to businesses looking to establish themselves in the region.
RAK economic free zone provides a supportive environment for entrepreneurs and investors to start and expand their businesses in UAE and wider MENA region. The freezone has many company formation options and streamlined licensing procedures for investors convenience. Lets learn more about the features of RAKEZ company formation.
Business Activities In RAKEZ Freezone
You may obtain a Ras Al Khaimah business license for various business activities.
The activity list of RAKEZ is listed below:
- Commercial
- Service
- Industrial
- Media
- Educational
- Individual/professional E-commerce
Some activities require a company manager to have a relevant educational degree. The company manager must prove it by a certificate attested by the UAE Embassy in the country of origin. Typically, such activities related to a professional service that necessitates specific qualifications, such as:
- Accounting and Bookkeeping
- Architectural design and consultancy
- Aviation consultancy
- Communication engineering consultancy and many more.
List of Four Free Zone Parks In RAKEZ Freezone
RAKEZ freezone offers four unique free zone parks in the Ras Al Khaimah Economic Zone. Each park is designed to cater to the specific needs of businesses in various industries. These free zone parks are:
Al Hamra Industrial Zone
The free zone park is ideal for heavy industries, manufacturing, and logistics companies. It caters to industries that require large land areas and specialized facilities. Al Hamra Industrial Zone offers world-class infrastructure, including warehouses, workshops, and distribution centers.
Al Ghail Industrial Zone
The free zone park suits light to medium industries, such as food processing, construction materials, and packaging. Al Ghail Industrial Zone provides modern facilities, including showrooms, offices, warehouses, and access to a skilled workforce.
Al Hulaila Industrial Zone
The free zone park focuses on renewable energy, petro-chemicals, and other high-tech industries. The park is most suited for industries that require advanced facilities and infrastructure. Al Hulaila Industrial Zone offers a range of specialized facilities, including laboratories, testing centers, and research and development (R&D) facilities.
RAKEZ Business Zone
The free zone park is designed for commercial and service-oriented businesses like trading, consulting, and media companies. RAKEZ Business Zone provides modern office spaces, conference rooms, other support services to a diverse and skilled workforce.
Available License Types For Company Formation in RAKEZ
RAKEZ offers a variety of business licenses to cater to the needs of different types of businesses. These include:
- Industrial License: The license suits businesses involved in manufacturing, assembling, or production activities.
- Commercial License: It suits businesses engaged in General trading, contracting, and other commercial activities.
- Service License: The license suits businesses providing consulting, IT, and other professional services.
- Import Export License: It allows import of raw materials, manufacturing of specific products, packaging & export of finished goods.
Benefits Of Company Formation in RAKEZ Freezone
The registration process is quick and easy
100% Foreign Ownership
Exemption from income tax
Guaranteed Capital and profit repatriation
Fast Processing of UAE residency and Investor visas
Reduced Labor restrictions
Take advantage of cutting-edge infrastructure
No currency restrictions
No customs duty is applicable
Easy access to the airport and seaport
Transparent legislation and regulations
Furnished offices and warehouses
How To Setup a Business in RAKEZ Freezone?
Be clear on what business you need to register in UAE Freezone and choose a unique name for your business that is not already in use in the free zone company register.
Fill out the application form and submit your documents.
Make the payment towards RAKEZ company setup cost at the time of application submission. Upon the due diligence process, the authority issues your business license.
After obtaining the license, you can rent/lease office space in the RAKEZ freezone premises. Apply for the RAKEZ free zone visa for company manager.
You can open a corporate bank account in the UAE to carry out company transactions.
Documents Required for Company Formation in RAKEZ
- Identity Proof (Passport copy)
- Address Proof (Utility Bills)
- Visa /Entry permit Copy (For UAE Residents)
- Director/Shareholder passport-size photos
- Additional documents depending upon business activity
What our clients say
Gryffin Capitalist delivers exceptional service for hassle-free UAE freezone company formation. They offer step-by-step guidance, ensuring your business is operational quickly.
Setting up a freezone company in Dubai with Gryffin Capitalist is straightforward and efficient. The team provides expert guidance, ensuring compliance with all legal requirements.
Gryffin Capitalist simplifies Sharjah freezone company formation with its expert advisors and tailored services. They handled everything from documentation to licensing efficiently.
Why Choose Gryffin Capitalist for RAKEZ Free Zone Company?
For many years, our business consultants in Gryffin Capitalist have assisted investors in starting a business in UAE Freezones. Hence, our advisors are happy to assist you if you require any information about company formation in RAKEZ Freezone. Our team has curated a unique list of freezone packages to help our clients make decision on selecting free zones for company formation.
Please contact us if you need help registering a company in RAKEZ! We have a variety of solutions that are appropriate for your stage of development.
Quality Professionalism
High Privacy
Strong belief in long-term client relationships
Competitive Market Pricing
Global Footprint
Efficient and Transparent Process
Best Freezones to choose to start your Company
Our business consultants have chosen freezones which are ideal for start-ups, business owners, and SME companies. These freezone provide a quick company registration process and a complete ecosystem for businesses.
Frequently Asked Questions (FAQs)
RAKEZ stands for Ras Al Khaimah Economic Zone, a free zone that offers various business services and facilities for companies looking to set up business in the UAE.
The requirements to start a company in RAKEZ vary depending on the type of company. Generally, companies must provide proof of identity and address for shareholders and directors, as well as a business plan and financial projections.
Obtaining a business license in RAKEZ involves submitting a license application and supporting documents to the RAKEZ licensing department. Authorities will review the application, and the permit will be issued if it is approved.
Yes, a RAKEZ company can operate outside of the Free Zone. However, the company must obtain additional licenses and permits from the relevant authorities to work in other parts of the UAE.
The time it takes to set up a company in RAKEZ varies depending on the type of company and the completeness of the application. The process usually takes 5-7 days to complete.
