RAKEZ Company Formation

RAKEZ Company Formation

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RAKEZ Free Zone Business Setup

RAKEZ free zone business setup is a highly attractive and cost-effective solution for companies looking to establish themselves in the UAE. Located in Ras Al Khaimah, the RAKEZ free zone offers businesses a wide variety of opportunities, with more than 1,000 different business activities available, ranging from manufacturing and trading to logistics, services, and media. 

This diverse business environment is ideal for entrepreneurs across various industries seeking a flexible and strategic location in the UAE. RAKEZ free zone company setup ensures a seamless process, enabling businesses to enjoy full foreign ownership, tax exemptions, and easy repatriation of profits. 

With its affordable setup costs and comprehensive support services, RAKEZ stands out as a prime choice for both startups and multinational corporations. Whether you’re starting a small business or expanding your existing operations, RAKEZ Free Zone provides the necessary resources to grow and succeed in a competitive market.

RAKEZ free zone license cost is designed to be cost-efficient, catering to businesses of all sizes. The zone’s flexible pricing structures allow companies to choose the most suitable package based on their unique needs. From commercial licenses for trading companies to service licenses for professional service providers, the RAKEZ free zone license cost is competitive and provides businesses with excellent value.

RAKEZ free zone company formation is streamlined and efficient, with a quick application process and minimal setup time. It’s an ideal location for international businesses seeking a strategic, well-connected base in the UAE. 

RAKEZ Free Zone Business Setup Advantages

Full Foreign Ownership

International businesses do not require a local Emirati sponsor to be a partner to operate, maintaining 100% ownership.

Diverse Business Activities

 There are over 700 business activities available across multiple industries.

Cost-Effective Setup

Provides some of the most affordable business setup packages in the UAE, including low-cost office spaces, warehouses, and business licenses.

Free Repatriation of Profits

There are no restrictions on profit repatriation, which means businesses can send their profits back to their home countries without any taxes or limitations.

Strategic Location

Easy access to Ras Al Khaimah's seaport, highways, and proximity to major UAE cities like Dubai, Abu Dhabi and major international markets.

Tax Incentives

Exemption from corporate tax, personal income tax and import and export custom duties.

Convenient Business Setup

Physically presence in the UAE is not needed, through services of Department of Economic Development Express Service and Single Window Service

Modern Infrastructure & Facilities

 Offers flexible and scalable business facilities including flexi-desks, warehouses, staff housing, and industrial plots.

Low Capital Requirements

Minimum capital starts from AED 10,000 and 15,000 for industrial activities.

Support for Women Entrepreneurs

Offers tailored packages for women-led businesses.

Flexible Payment Plans

Company registration and renewals can be paid in interest-free installments over six months.

Easy to open a bank account

RAKEZ’s strategic alliances with banks expedite the account opening and management process.

Licenses Available in RAKEZ Free Zone 

Commercial License: For businesses involved in trading and commercial activities.
Educational License: For educational institutions and training centers.
E-commerce License: For businesses operating online and conducting e-commerce activities.
General Trading License: For businesses covering broad trading activities involving multiple product categories.
Individual License: For individuals conducting one activity in a specific specialty or expertise.
Industrial License: For manufacturing and industrial operations.
Media License: For companies involved in media production, broadcasting, and related activities.
Service License: For businesses providing various services, excluding industrial activities.
Freelancer Permit: For independent professionals.
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RAKEZ Free Zone Business Setup Process

Timeline: 4 to 8 weeks

01 Choose Business Activity and License Type 

Determine the type of business activity you want to undertake (commercial, professional, or industrial) and the legal structure (e.g., Free Zone Limited Liability Company (FZ-LLC).

02  Reserve Trade Name

Ensure the chosen trade name complies with the regulations and submit it for approval.

Takes 1 to 2 days

03   Submit Application for Initial Approval 

Complete the initial application form and submit it along with required documents.

Takes 2 to 3 days

04 Receive Initial Approval 

Once the documents are submitted, the free zone authority will review the application for initial approval.

Takes 3 to 5 days

05 Prepare Legal Documents 

Draft the Memorandum of Association (MoA) and any other necessary legal documents, RAKEZ provides templates to assist in this process.

Takes 3 to 5 days

06 Select Office Space 

Choose from RAKEZ’s various office solutions based on your business needs.

Takes 1 to 2 days

07  Payment of Fees 

Pay the required fees for your business license, office space, and any additional charges.

Takes 1 to 2 days

08 Obtain Business License

After submitting all necessary documents and payment, you will receive your business license from RAKEZ.

Takes 1 to 3 days

09Visa Application Process 

Apply for UAE residency visas for shareholders and employees. 

Takes 2 to 4 weeks

Documents Required in RAKEZ Free Zone

Required documents vary based on the legal structure of the business: FZE, FZCO and Branch Office.

Document Type FZE (Free Zone Establishment) FZCO (Free Zone Company) Branch Office
Passport copies of shareholders Required (single shareholder) Required (multiple shareholders) Parent company’s directors/shareholders
Passport copies of managers Required Required Required
Personal Information Form Required for shareholder and manager Required for all shareholders and manager Required for branch manager
Visa/Emirates ID copies (for UAE residents) Required if applicable Required if applicable Required if applicable
Business Plan Required for certain activities Required for certain activities Required for certain activities
Board Resolution (Parent Company) Not applicable Not applicable Required (to establish branch)
Certificate of Incorporation (Parent Company) Not applicable Not applicable Required
Memorandum and Articles of Association Standard MOA provided by RAKEZ Standard MOA provided by RAKEZ Parent company’s MOA required
Shareholder Resolution Required for company establishment Required for company establishment Not applicable
Lease Agreement Required (for office or warehouse space) Required Required
Company Name Reservation Required Required Required
No Objection Letter (if applicable) For UAE residents if applicable For UAE residents if applicable For UAE residents if applicable
Bank Reference Letter Required (for shareholder) Required (for all shareholders) Not applicable

RAFEZ Free Zone Business Setup Cost

The RAKEZ free zone business setup offers a cost-effective and streamlined approach to establishing a business in the UAE. The RAKEZ free zone license cost varies depending on the type of license required, with the starting price for all licenses at AED 6,000. This affordable price makes the RAKEZ free zone company setup accessible to a wide range of entrepreneurs and companies looking to establish themselves in a competitive market.

In addition to the RAKEZ free zone license cost, businesses should consider other potential expenses, such as office space. The cost of office space within the RAKEZ free zone can vary significantly depending on the location and size of the premises. Companies should also account for any local sponsor fees, if applicable, as well as visa and permit costs that may add to the overall RAKEZ free zone company formation costs.

Note* the RAKEZ free zone business setup cost is an estimate and will vary in reality. For an accurate cost breakdown for your RAKEZ Free Zone Company Setup, get in touch with our consultants.

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