About RAKEZ Free Zone
Ras Al Khaimah Economic Zone (RAKEZ) is the result of the merger between two free zones: RAK Free Zone and RAK Investment Authority. Located in the emirate of Ras Al Khaimah, United Arab Emirates, RAKEZ has become a thriving hub for business setups, thanks to the economic stability and security it offers. The flexible company formation options available at RAKEZ, combined with the seamless connectivity provided by its seaports, airport, and highways, make it an ideal destination for businesses of all sizes. This is why RAKEZ is a preferred choice for freelancers, small and medium enterprises, multinational corporations, and large industries alike.
RAKEZ Free Zone Benefits
With a host of advantages on offer, free zones stand out as the preferred choice for obtaining a Dubai trade license. Here are the best advantages of setting up a free zone company.
- Diverse and Affordable Options: RAKEZ supports over 4,000 business activities with setups starting at AED 10,000, including free zone and non-free zone options.
- Easy Company Setup: Form your company remotely with minimal documentation and efficient processing.
- Flexible Licensing: Access special licenses for freelancers and women entrepreneurs, allowing multiple activities under one license.
- Tax and Financial Advantages: Enjoy 100% profit repatriation, zero taxes, and interest-free payment plans for registration and renewals.
- Comprehensive Facilities: Benefit from ready-to-move-in offices, warehousing, and centralized government services.
- Networking Opportunities: Join over 14,000 companies globally and access strategic partnerships for easier banking and family sponsorship.
Popular Free Zones in RAKEZ
Here, we highlight some of the most popular free zones in Ajman. From healthcare and publishing to research and development and manufacturing, these free zones serve a diverse array of industry sectors.
Free Zones in RAKEZ
Below we have discussed some of the most sought-after free zones in RAKEZ . These jurisdictions cater to a wide array of industries that include aviation, F&B, oil and gas, information technology, etc. As mentioned earlier, free zones can be either industry-specific or general purpose.
3 Simple Steps
Just take the below steps to form a RAKEZ company.
Business Setup Costs in RAKEZ
The cost involved in forming a company is a significant concern for anyone looking to start a business. It is essential to recognize that several factors influence the costs of your venture. The first factor is the free zone you select; each of Ajman’s free zones has different pricing for trade licenses. Typically, these licenses are offered as part of packages that include visas. This leads us to the second factor: the number of visas you require, which is crucial to consider when determining your expenses.
The duration of your license also affects the overall setup costs. Additionally, if you lease office space, those leasing costs will contribute to your total expenses. The type of workspace you choose will also vary in price; for instance, a flexi-desk is generally less expensive than a private office.
Moreover, the license price largely depends on the type of business activities you select. In some free zones, the cost increases as you add more activities. Lastly, certain free trade zones may require a minimum paid-up capital from you.
License-Types Available at RAKEZ
Free trade zones in RAKEZ are known to offer a variety of license types. Typically, the license types depend on the specific industry that each free zone caters to. It’s also possible for two different free zones to have different names for similar types of licenses. Below, we have explained the most common types of licenses that can generally be opted for at most free zones in the Emirate.
License-Types Available at RAKEZ Zones
Here are the steps for free zone company registration in RAKEZ:
1. Trade name reservation
As the first step in applying for a Dubai free zone trade license, you must reserve a trade name for your company. Every free zone authority has predetermined naming conventions that your company name must comply with.
- Memorandum of Association (MOA)
- Article of Association (AOA)
- Business license (for an existing company)
- Board Resolution
- Certificate of Incorporation
2. Signing and submission of the application form
You will sign the application form and submit it along with the following: Documents for individual shareholders
- Passport copy of the shareholder(s) and manager(s)
- Latest UAE entry stamp/visit visa copy
- Residence visa copy and Emirates ID of the shareholder(s) and manager(s) (for UAE residents)
- Address proof of the shareholder(s) and manager(s)
- Passport-sized photo of the shareholder(s) and manager(s)
Documents for corporate shareholders
Note: All documents for corporate shareholders must be attested by the UAE Ministry of Foreign Affairs (MOFA) as well as the UAE Embassy in the country of issuance. Also, additional documents other than those mentioned above may be required for both individual and corporate shareholders.
3. Issuance of trade license
Upon reviewing and approving your application, the free zone authorities will issue your trade license, and with this, your Dubai free zone registration process is complete. You may then proceed with the visa application process (if applicable).