Ras Al Khaimah Economic Zone
Ras Al Khaimah Economic Zone (RAKEZ) is one of the leading business hubs in the UAE, offering a diverse range of business setup solutions and benefits.
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Who We Are
About RAKEZ:
Established in 2017, RAKEZ is a merger of two major free zones in Ras Al Khaimah: Ras Al Khaimah Free Trade Zone (RAK FTZ) and Ras Al Khaimah Investment Authority (RAKIA). RAKEZ is designed to offer customized solutions to investors, supporting startups, SMEs, and large industrial companies. It is strategically located in Ras Al Khaimah, providing easy access to markets in the Middle East, Europe, and Asia.
STARTING A BUSINESS WITH RAKEZ
Types of business licenses
RAKEZ offers several types of business licenses to cater to different business activities:
Freelancer Permit
Designed for individuals who wish to work as independent freelancers.
Common Activities:
- Writing and journalism
- Graphic design
- Photography & videography
- Creative consultancy
Commercial License
Allows the holder to engage in trading activities, including import, export, distribution, and storage of goods.
Common Activities:
- General trading
- Specific product trading
- Import/export of goods
- Wholesale and retail distribution.
Service License
Permits the holder to offer professional services specified in the license. Suitable for consultancy, advisory, and professional services.
Common Activities:
- Legal and financial advisory services
- Marketing and advertising services
- Event management
How much does it cost to open a business in the UAE?
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Why RAKEZ?
Benefits of Setting Up a Company in RAKEZ
Setting up a company in the RAKEZ offers numerous advantages. Enjoy 100% ownership, zero corporate and personal income tax, full repatriation of profits, and a streamlined incorporation process.
100% Foreign Ownership
Full ownership without the need for a local sponsor or partner.
Tax Benefits
Zero corporate and personal income tax, and no VAT on exports.
Cost-Effective Solutions
Competitive pricing for company setup, licensing, and renewals
Strategic Location
Proximity to major logistics hubs, including seaports, airports, and highways.
Modern Infrastructure
Access to world-class infrastructure and state-of-the-art facilities.
Flexible Office Solutions
Options for flexi-desks, serviced offices, warehouses, and industrial plots.
Frequently Asked Questions
Quickly find answers to commonly asked questions, helping you discover more about RAKEZ hassle-free business setup.
Answer: Ras Al Khaimah Economic Zone (RAKEZ) is a free zone in Ras Al Khaimah, UAE, offering a range of business setup solutions and benefits to investors, startups, SMEs, and large companies.
Answer: Both UAE residents and foreign nationals can set up a business in RAKEZ. It accommodates individuals, entrepreneurs, startups, and established companies from various industries.
Answer: To renew a business license, submit a renewal application form, provide updated documents, pay the renewal fee, and ensure compliance with RAKEZ regulations.
Answer: Costs include registration fees, license fees, visa fees, and additional fees for document attestation and other administrative processes.