RAKEZ Free Zone
Ras Al Khaimah is believed as one of the seven emirates in the United State Emirates. It has a booming industrial sector and a flourishing tourism industry. Today, the emirate is home to a plethora of history, tourism attractions, and the most productive agricultural terrain of all the emirates.
Due to a slew of large-scale development initiatives, Ras Al Khaimah has a strong vision and is glimpsing forward to a promising future of development and quality. In addition, a free zone named Ras Al Khaimah Economic Free Zone lies in the city of Ras Al Khaimah.
Characteristics of RAKEZ Free Zone
|Characteristic Type||Characteristic Trait|
|Company Type||Free Zone Company (FZCO)|
|Governing Body||Ras Al Kaimah Economic Zone, Government of Ras Al Kaimah|
|Minimum Number of Shareholders||1|
|Minimum Number of Managers||1|
|Accounting and Book Keeping Requirements||No|
|Renewal Date||Annual Date of Incorporation|
|Visa Type||Employment Visa Only|
|Ownership||100 Percent Foreign Ownership|
|Type of Activities||Commercial/Service/Industrial/Educational|
|Duty for Import and Export||0%|
|Duration For Company Formation||7-8 Days|
|Paid Up Capital||No Paid Up Capital|
|Local Partner Required||No|
- Color Passport Copy
- Visa status copy / Entry stamp copy
- Passport Size Photo
- Other documents depending on the business activity
Ras Al Khaimah Economic Zone, also known as RAKEZ, is a specialised free zone that provides a cost-effective, world-class economic zone with customised packages and services and cutting-edge amenities for the investors and the entrepreneurs who wish to start a business in UAE.
RAKEZ also connects investors to rising markets in the Middle East, North Africa (MENA), Europe, and South and Central Asia due to its strategic location. Therefore, considering a RAK free zone business setup might aid your company's growth. Moreover, many foreign businesses prefer it as a business location.
There are several numbers of specialities and uniqueness in Ras Al Khaimah Economic Free Zone. To get a comprehensive overview, explore the below tabular representation.
|Government Authority||Ras Al Khaimah Economic Free Zone Authority|
|Business Sectors||More than 50|
|Business activities in RAKEZ||Airport Equipment Trading, Banking and Finance Consultant, Casting Agency, Carpet Trading, Coal and Firewood Trading, Construction Equipment and Machinery Trading|
|Number of companies in DMCC||More than 14,500 companies|
|Legal Entities||Free Zone Establishment, Free Zone Limited Liability Company, Branches|
|Business License||Commercial license, Educational license, E-commerce license, General Trading License, Individual or Professional license, Industrial license, Media license, Professional license, Service license, Freelancer permit license|
|Activities Performed Under One License||3-5 similar activities|
|Minimum Number of Company Directors||1|
|Corporate Directors||Not allowed|
|Activities Required Company Manager||Accounting and bookkeeping, Architectural design and consultancy, Communication engineering consultancy and Aviation consultancy|
|Office Requirements in RAKEZ||Coworking space, Serviced Offices, Standard Offices, Executive Offices, Shell and Core offices, Warehouses|
|RAKEZ Zones||RAKEZ Business Zone, Al Hamra, Al Ghail and Al Hulaila Industrial Zones, RAKEZ Academic Zone|
|RAKEZ- the One-Stop-Shop||Registration and leasing services, Licence renewal services, After-sale support, Visa services, Government support, Concierge services a, Administrative assistance|
Complete the Application Form
Submit Your Documents to the Authority
Obtain Your License
Obtain Your Residency Visa
Open Your Bank Account
Terms and Conditions
*Duration is subject to the constraints of the due diligence procedure.
**This would refer to the corporate tax of the company, wherein the operation of the company would take place outside the country of incorporation.
***The required documents must be provided for every individual related to the company.
Disclaimer: The content on this website should not be taken as a contractual commitment or a warranty. Our services conditions are subject to BSW terms and conditions.
Why Choose BSW
Business setup Worldwide is a central platform to help you form your business. We assist you in establishing your business through professional counselling and nurturing, from incorporation, registration, and licencing to creating your office space. Given RAK free zone’s favourable location for beginning or developing a business, we can confidently predict that you will profit from the full range of benefits such a city offers. Our approach to business formation is centred on your company's vision and goals. We're here to support you solve your business difficulties in RAKEZ's gorgeous free zone. If you have any queries, do contact us.
What is the procedure for RAK free zone company setup?
The procedure for RAK free zone company setup is,
- Select a business activity
- Choose a business entity
- Find a suitable location
- Finalise a trading name
- Obtain a license and visa service
- Open a bank account
What are the different free zones in RAK?
The different free zones in RAK are,
- Ras Al Khaimah Economic Free Zone
- Ras Al Khaimah Media City Free Zone
- Ras Al Khaimah Free Trade Zone
- Ras Al Khaimah Maritime City
What are the documents required for RAK free zone company formation?
The documents required for company formation in RAKEZ are,
- Proof of trade name reservation
- Proof of initial approval for business activities
- Passport copies for the shareholders
- Passport copy and CV of the manager
- Personal Information sheet for each shareholder & manager
- Lease agreement [possessing a physical address for one's office is mandatory in the UAE]
- Third-party/authority approval for activities, where applicable
How many shareholders are required a for free zone limited liability company in RAKEZ?
It requires 2-5 shareholders for a free zone limited liability company in RAKEZ.
How many days does it take to get a business license in RAKEZ?
It takes around 5-6 workings to obtain a business license in RAKEZ.