Set-up a Free Zone company in Ras Al Khaimah
Less known than Dubai or Abu Dhabi, the Emirate of Ras Al Khaimah (RAK)located less than an hour’s drive from Dubai is as attractive to set up a Free Zone Company. RAK Free Zones offer many advantages.
RAK: an attractive economic area
Ras Al Khaimah is an Emirates that keeps growing. It attracts more and more tourists and professionals. In its small territory RAK free zone companies are several to enjoy the amazing attractivity. As the other Free Zones in the UAE, RAK Free Zones offer attractive tax framework for foreign investors. There are no corporate or income tax, no import or export tax, and a 100% repatriation of capital and profits. RAK is ideally located for local business, as it is close to Dubai, and for international business as Gulf countries are gateways to Africa and Asia.
The Ras Al Khaimah Economic Zone (RAKEZ) is the result of the amalgamation of two Free Zones, namely RAK Free Zone and RAK Investment Authority. RAKEZ represents a vibrant community with a dynamic economic landscape and active industry involvement. Established in 2000 under the auspices of the Ras Al Khaimah government, RAKEZ provides cost-effective company formation and corporate services, catering to a diverse clientele of over 14,500 individuals and entities, including freelancers, SMEs, startups, and well-established enterprises across more than 50 sectors. Setting up a business in RAKEZ is a streamlined process, allowing you to obtain your license in just one week. RAKEZ offers a range of tailored packages designed to support freelancers, entrepreneurs, and startups.
Discovering RAK Free Zones
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RAK International Corporate Centre (RAKICC) is a Corporate Registry located in the Emirates of Ras Al Khaimah. The RAKICC or RAK International Corporate Centre is a place where registration and incorporation of International Business Companies can be done. There, you can also enjoy all Registry services related to International Business company activity. RAK International Corporate Centre is world class organisation where you can open a Company Limited by Share (CLS), a Company Limited by Guarantee (CLG), an Unlimited Company (UC) or a Foundation. RAK Free Zone companies setup costs are competitive.
Situated in the Emirates of Ras Al Khaimah, Ras Al Khaimah Economic Zone (RAKEZ) are an amazing powerhouse business and an industrial hub where you can enjoy customisable solutions. A large community is already settled and over 50 sectors are represented. It is one of the largest economic zones in the region.
Get rid of the hassle posed for newcomers with our team of experts. We help you and accompany you in the choice of the Free Zone. You can contact the FreeZoneMarket.ae team by phone or by email.
RAKEZ Company Formation
RAK Free Zone presents a premier, all-encompassing business solution tailored to offer an optimal platform for investors establishing their ventures in Ras Al Khaimah. The business setup packages and environment within RAK Economic Zone are meticulously crafted to accommodate the diverse needs of investors, featuring four specialized zones.
Situated in the rapidly expanding region of the United Arab Emirates, the Ras Al Khaimah Free Zone provides investors with an exceptional opportunity to leverage its strategic location. Serving as an ideal launching pad for businesses, RAK Free Zone furnishes essential facilities and cutting-edge technology necessary for ensuring the success of your enterprise.
The cost of obtaining a license in RAK Free Zone varies based on individual requirements, providing investors with the flexibility to determine the operational nature of their businesses, be it import/export, trading, or manufacturing. RAK Free Zone stands out with its advantageous company setup costs, offering affordable land prices and utility tariffs.
Establish your company within the RAK Free Zone, where commercial innovation thrives at every level, supported by an internationally recognized infrastructure. We are dedicated to assisting you in the process of RAK Free Zone company setup, providing a spectrum of licenses, tailored facilities, and top-notch support services, including visa facilitation. Our comprehensive assistance covers project setup details, target customer identification, and the implementation of effective marketing campaigns to ensure the success of your venture.
RAKEZ – RAK Economic Zone: Company Formation process
The Ras Al Khaimah Free Zone creates an optimal economic atmosphere for businesses spanning across more than 100 countries and 50 industries globally. Foreign investors, regardless of their nationality, benefit from the comprehensive support, facilities, and ideal business conditions offered by the RAK Free Zone.
To add to its allure, RAKEZ provides a straightforward and efficient company formation process. With just a few uncomplicated steps and assistance from our expert consultants, you can swiftly secure your trade license and gain approval to establish your business within a matter of weeks.
The RAK Free Zone Company Setup process encompasses selecting your license, initiating the application process, submitting necessary documents, and finally, obtaining approval and your license from the free zone authority.
At FreeZoneMarket.ae Business Services, we specialize in expediting the incorporation of your new business in the RAK Free Zone.
Benefits of RAKEZ company registration:
Benefits of Company Formation in RAK Free Zone:
- 100% repatriation of capital and profit
- 100% business ownership to foreign Nationals
- Simple company setup processes
- RAK free zone license can be obtained within one week
- Large number of permissible business activities and industries
- Large number of licenses available to choose from
- Strategic geographical location
- Low business setup costs
- Central location for government services
- Access to five major sea ports
- Connectivity to large logistical hubs
- Access to international markets across the MENA and Asia regions
RAKEZ – RAK Economic Zone: Company Setup cost
|Package||Visa Eligibility||1st year Package fee|
|All-inclusive 1 visa package||1||AED 16,500|
|All-inclusive 2 visas package||2||AED 20,000|
|All-inclusive 3 visas package||3||AED 25,000|
|All-inclusive 4 visas package||4||AED 29,000|
|All-inclusive 6 visas package – Standard Office||6||AED 38,000|
The above packages are included the followings:
- Registration fee
- Administration fee
- Pre-approval fee
- License fee
- Immigration file fee
- Lease fee
- E-channel (registration and renewal)
- Entry permit
- Residency fee
- Medical Check
- Emirates ID
- Change of status
RAKEZ Company renewal cost
The license renewal price as long as on-time license renewal is maintained.
Failure to renew on or before the expiry date will result in incurring a late renewal penalty charge of AED 50 per day from the license expiry date.
Varieties of Business Licenses Offered in RAK Free Zone
The RAK Free Zone in Ras Al Khaimah stands out as an exceptional economic hub, primarily due to its extensive array of available licenses. Over 50 diverse industries can leverage the corporate environment provided by RAKEZ.
Here are the key licenses for RAKEZ company formation in the UAE:
- Commercial License: Enables trading in services and goods.
- General Trading License: Allows trading in a variety of goods.
- Industrial License: Permits activities such as manufacturing, importing, packaging, and exporting products.
- Service License: Authorizes the provision of services or consultancies across any industry.
- Professional License: Designed for individuals offering professional services.
At FreeZoneMarket Business Services, we guide you in selecting the appropriate license based on your business activities and handle the entire company formation process. Connect with us today to initiate the process!
RAKEZ Company Formation & PRO Services
Navigating the various stages of business development in RAKEZ often entails a need for diverse PRO services. As the Registered Agent of RAKEZ Free Zone, FreeZoneMarket.ae Powered by FZM Solutions DMCC is registered Channel Partner with RAKEZ is positioned to assist investors in meeting their additional business requirements.
The spectrum of PRO services available in RAKEZ includes processing investor/employee visas, handling license renewals and cancellations, managing legal documentation, attesting company documents, obtaining special approvals, facilitating Trade License Amendments, overseeing Shareholder Certificate changes, adding business activities, and more.
A dedicated PRO Agent from FreeZoneMarket will provide comprehensive guidance and support for all your business needs. By availing the services of our team, investors can rest assured that their business requirements will be efficiently addressed.
Entrepreneurs with recurring needs for business support, such as visa renewals, company document attestation, and amendments, can opt for an Annual Retainer Contract with Registered Agents like FreeZoneMarket. This arrangement grants investors peace of mind, enabling them to operate their companies remotely while entrusting PRO Services to the FZM team.
For those seeking PRO Services in RAKEZ, our expert Business Consultants are available to provide guidance tailored to your company’s specific needs. Additionally, explore the benefits of an Annual Retainer Contract to access all necessary PRO Services in RAKEZ through a comprehensive agreement with FZM Solutions.