RAKEZ
What is RAKEZ?
RAKEZ stands for Ras Al Khaimah Economic Zone, a leading free zone and business hub in the Emirate of Ras Al Khaimah, UAE. RAKEZ was established to consolidate and enhance the free zone offerings of two previous entities, RAK Free Trade Zone (RAK FTZ) and RAK Investment Authority (RAKIA). It is one of the largest economic zones in the region, providing cost-effective and comprehensive business setup solutions to a wide range of industries, from startups and SMEs to large-scale multinational corporations.
Key Features and Benefits of RAKEZ
Cost-Effective Business Setup:
RAKEZ is known for offering competitive pricing for company formation and business operations, making it an attractive option for both small businesses and large corporations.
Diverse Business License Types:
RAKEZ offers a wide variety of business licenses to suit different industries, including:
- Commercial License
- Industrial License
- Service License
- Educational License
- E-commerce License
- General Trading License
100% Foreign Ownership:
Like other free zones in the UAE, RAKEZ allows foreign investors to fully own their companies without the need for a local sponsor or partner.
Strategic Location:
Located in Ras Al Khaimah, RAKEZ offers strategic proximity to key logistical hubs, including seaports and airports, which provide easy access to markets in the Middle East, Africa, Europe, and Asia.
Flexible Business Solutions:
RAKEZ caters to various types of business activities, including industrial, commercial, and service-based companies. Businesses can choose from customizable facilities such as:
- Warehouses
- Industrial land
- Offices and coworking spaces
- Flexi-desk options for startups and freelancers
No Corporate or Personal Taxes:
RAKEZ offers a tax-free environment with no corporate or personal income taxes, allowing businesses to operate with greater profitability.
Visa and Employment Support:
RAKEZ offers easy and flexible visa solutions for employees, with the option to sponsor multiple visas depending on the type of business and facility chosen.
One-Stop-Shop Services:
RAKEZ provides all necessary business setup and regulatory services under one roof, streamlining the entire process. This includes assistance with:
- Company formation
- License issuance
- Visa processing
- Government approvals
- Administrative support
No Auditing Requirements for Some Licenses:
RAKEZ does not require annual auditing for certain types of businesses, which simplifies financial reporting and reduces compliance costs.
Access to Global Markets:
Businesses registered in RAKEZ can engage in international trade, leveraging its location and infrastructure to access markets across the globe.
Types of Companies That Can Be Formed in RAKEZ
Free Zone Establishment (FZE):
A single-shareholder company structure with full foreign ownership.
Free Zone Company (FZC):
A company that can have multiple shareholders, allowing both individuals and corporate entities to hold shares.
Branch of a Local or Foreign Company:
RAKEZ allows existing companies, whether based in the UAE or internationally, to set up a branch office.
Non-Free Zone Company:
In addition to free zone entities, RAKEZ offers the option to form non-free zone companies, which allows businesses to operate both in the UAE market and internationally.
Industries in RAKEZ:
RAKEZ caters to a wide range of industries, offering tailored solutions for various sectors, including:
Manufacturing and Industrial: RAKEZ provides industrial land and warehouses for manufacturing companies.
Trading and Commercial: RAKEZ supports general trading, import/export, and e-commerce businesses.
Services and Consultancy: Consulting firms, IT services, and other service-based businesses can easily operate from RAKEZ.
Educational: RAKEZ offers specialized licenses and facilities for educational institutions and training centers.
Why Choose RAKEZ?
RAKEZ provides a comprehensive and highly flexible environment for businesses of all sizes. With cost-effective packages, a wide range of business licenses, and modern infrastructure, RAKEZ has become a hub for entrepreneurs, startups, SMEs, and multinational corporations looking to tap into the UAE and global markets. Its strategic location in Ras Al Khaimah, with close proximity to major logistical hubs, makes it an ideal choice for businesses engaged in international trade, manufacturing, and service industries.
RAKEZ offers not only a tax-efficient, business-friendly ecosystem but also ensures the convenience of easy visa processing, rapid setup, and strong regulatory support, helping businesses grow and thrive.
