Business Setup in RAKEZ Free Zone
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How Much Does Business Setup In UAE Cost?
It depends on several factors, such as your business activity, Free zone or Mainland, Number of Visas required, and shareholders . Based on our 4 years of experience in business setup in Dubai and the UAE, we have developed a Business Setup Cost Calculator to give you answer.
RAKEZ, or Ras Al Khaimah Economic Zone, is the result of the merger between the RAK Free Zone and RAK Investment Authority. Situated in the emirate of Ras Al Khaimah, UAE, RAKEZ has become a sought-after destination for businesses of all sizes, providing a wealth of advantages and opportunities. Discover the benefits of business setup in RAKEZ Free Zone, including cost-effective options, a variety of activities, and smooth establishment processes. Launch your venture without hassle!
The Benefits of Establishing Your Business in RAKEZ Free Zone
- Extensive Business Activities: RAKEZ permits over 4,000 business activities.
- Affordable Company Formation: Cost-effective options for establishing your company.
- Flexible Zone Options: Choose from free zone and non-free zone setups.
- Remote Incorporation: Set up your company without needing to visit the UAE.
- Minimal Documentation: Only essential documents required for registration.
- Dedicated Business Zones: Specific areas for industrial, academic, and business activities.
- Efficient Incorporation Process: Quick and streamlined procedures.
- Freelancer Licenses: Tailored licenses designed specifically for freelancers.
- Support for Women Entrepreneurs: Special packages available for women-owned businesses.
- Low Capital Requirement: Start with a minimum capital of AED 10,000 (AED 15,000 for industrial activities).
- Flexible Payment Plans: Interest-free installment options for registration and renewals up to six months.
- Multiple Licenses: One RAKEZ company can undertake various business activities.
- Profit and Capital Repatriation: Enjoy 100% repatriation of profits and capital.
- Zero Taxation: Benefit from no personal or corporate taxes.
- Office Solutions: Choose from ready-to-move-in flexi desks, flexi offices, and dedicated office spaces.
- Comprehensive Warehousing: Access to extensive warehousing and storage facilities.
- Land for Development: Available land for manufacturing, logistics, and service industry projects.
- Staff Accommodation: On-site provisions for staff and labor accommodation.
- Seamless Business Operations: Facilitated processes for smooth company operations.
- Business Support Services: Comprehensive business centers and secretarial services.
- Unified Government Services: Access all government services in one location.
- Diverse Visa Options: Multiple choices for investor and employee visas.
- Global Business Network: Connect with over 14,000 companies from 50 countries.
- Banking Partnerships: Strategic alliances with banks for faster account opening and streamlined operations.
- Family Sponsorship: Investors and employees can sponsor their families.
- GCC Travel Freedom: Investor visa allows for easy travel to Gulf Cooperation Council countries.
Free Zone Business Setup
Mainland Business Setup
Run your business anywhere in the UAE without any limitations.
Offshore Business Setup
Set up your offshore company and operate outside the UAE with a corporate bank account.
Step 1
Effortless documentation for International entrepreneurs.
Step 2
Selecting the ideal license for your business requirements.
Step 3
Acquiring Employment Entry Permits and Residence Visas for Staff.
Step 4
Establishing a Corporate Bank Account in the UAE.
Explore the following trade license options for your business setup in RAKEZ Free Zone:
- Commercial
- Educational
- E-commerce
- General Trading
- Individual
- Industrial
- Media
- Professional
- Service
- Freelance
Both commercial and industrial licenses allow a company to operate in both the RAKEZ free zone and non-free zone areas. Likewise, the professional license is applicable in both zones, depending on the specific nature of the professional activity.
To facilitate Business Setup in the RAKEZ Free Zone, the following documents are required:
- Colored passport copy or Emirates ID (for UAE residents)
- Visa copy and entry stamp (for individuals currently in the UAE)
- Original No Objection Certificate (NOC) for the general manager (for UAE residents)
- Business plan
- Shareholders’ resolution authorizing the establishment of the RAKEZ company and the appointment of a general manager (for corporate shareholders)
- Trade license or Certificate of registration for the existing business (for corporate shareholders)
- Memorandum and Articles of Association (for corporate shareholders)
- Certificates of Good Standing or Certificate of Incumbency (for corporate shareholders)
Seize the opportunities for business setup in RAKEZ Free Zone and thrive as a successful female entrepreneur in the UAE. With advancements in gender equality, women today enjoy unmatched advantages in the business landscape. Many have realized their dreams of becoming influential leaders by establishing successful enterprises in the UAE.
In August 2019, Ras Al Khaimah Economic Zone (RAKEZ) took a significant step towards empowering women by launching a special businesswomen package, coinciding with Emirati Women’s Day. These tailored packages offer exclusive deals for women looking to excel in the business world through company formation. They include subsidized rates and flexible installment plans for business setup in RAKEZ Free Zone.
The businesswomen packages encompass all the benefits of RAKEZ company formation. Women who take advantage of these packages will enjoy the following benefits:
1: Affordable Business Setup in RAKEZ Free Zone
Women can launch their dream business in the RAKEZ Free Zone at a low cost starting from AED 6,280. These packages include unlimited office desk use for three months—a unique benefit not typically offered by other free zones.
2: Flexible Installment Payments
Take advantage of our installment plans for business setup, with options starting from three months, making it easier for women to manage their finances.
3: Zero Balance Bank Account for RAKEZ Businesswomen Package
Enjoy the exclusive benefit of opening a zero-balance business account with RAK Bank. This account can be set up in various currencies without the usual banking hurdles.
4: Priority Service at One Stop Shop (OSS) Centers
Women entrepreneurs receive priority service requests at RAKEZ OSS centers, a special advantage available only to those under the RAKEZ businesswomen package.
5: Complimentary Business Card Printing
Impressed by the benefits? Here’s what you need to know about forming your company with these packages:
Eligibility: Packages are exclusively for new clients opting for shared workstations or office space with a free zone license. Companies must be 100% women-owned.
License Types: Choose from a variety of license options for your RAKEZ company, including:
- Commercial License
- Educational License
- E-commerce License
- Media License
- Professional License
- General Trading License
- Services License
Upgrade/Downgrade Options: Packages can be adjusted as long as eligibility criteria are met.
Renewal Cost: The renewal fee for the second year is AED 1,000 less than the initial business setup cost.
Visa Allocation: Women entrepreneurs can apply for zero to six visas with their RAKEZ company.
Office Space Options: Various leasing options are available, including:
- Flexi Desk
- Flexi Office
- Service Office
- Executive Office
For more information about these packages, feel free to call us or submit an inquiry on our website. To start your business setup in the RAKEZ Free Zone, click the order button to form your RAKEZ company. We’re here to support your success!
Corporate Tax & VAT
Receive expert guidance to ensure compliance with Corporate Tax and VAT obligations under the Federal Tax Authority (FTA).
Bank Account Opening
We will help you in opening your corporate or personal bank accounts in UAE effortlessly with trusted banks in the UAE.
Accounting & Payroll
Our accountants handle finances, offering bookkeeping, reconciliation, payroll, and audit support, reducing hiring expenses.
Compliance Services
Our specialists at Agility Global assist with UAE’s regulatory requirements, including ESR reports and UBO filings.
PRO Services
Leave administrative tasks to our PRO team, allowing you to focus on business while saving time and money.
Legal Services
Our legal team advises on UAE laws regarding M&As, corporate restructuring, financing, and dispute resolution.
