Rakez
Free Zone
Approximate Processing Time
License:
Establishment card
Visa application process
E-channel
2-3 business days
3-5 business days
7 business days
24 hours
Rakez
Free Zone
License:
Establishment card
Visa application process
E-channel
2-3 business days
3-5 business days
7 business days
24 hours
"UAE Companies demonstrate a culture of innovation and excellence, driven by a dynamic and skilled workforce. Their ability to adapt to an ever-changing business landscape is a reflection of the UAE's commitment to progress and success."
Ras Al Khaimah Economic Zone (RAKEZ)
Ras Al Khaimah Economic Zone (RAKEZ) is a free economic zone located in the emirate of Ras Al Khaimah, UAE. It was established in 2017 as a result of the merger of two free zones, namely RAK Free Trade Zone and RAK Investment Authority, to offer a wider range of business solutions to investors.
Business advantages in RAKEZ:
- RAKEZ offers a variety of benefits to businesses, including 100% foreign ownership, 100% repatriation of capital and profits, and exemption from corporate and personal income taxes. Companies in RAKEZ can also enjoy access to a modern infrastructure, world-class facilities, and a supportive business environment that promotes growth and innovation.
- The free zone offers flexible licensing options, including individual, branch, and holding company licenses, as well as a variety of facilities and services tailored to the needs of different industries. These include office spaces, warehouses, land plots, and other amenities such as banking, legal, and administrative services.
- RAKEZ also provides its clients with a streamlined and efficient registration process, with approvals typically issued within two to three working days for most business activities. The free zone also offers a dedicated customer service team to assist clients with any inquiries or issues they may have.
- In addition to its attractive business environment, RAKEZ is also known for its strategic location, providing easy access to regional and international markets through its proximity to major seaports, airports, and highways. Overall, RAKEZ is a great option for businesses looking to establish a presence in the UAE and expand their operations in the region.
Approximate Processing Time
Approximate processing time of Ras al Khaimah economic zone
The processing time for setting up a business in the Ras Al Khaimah Economic Zone (RAKEZ) can vary depending on the type of business and the completeness of the application. However, RAKEZ has implemented a fast and efficient setup process, with approvals typically issued within two to three working days for most business activities.
It’s important to note that the processing time can also be affected by other factors such as the complexity of the business activity, the required licenses and permits, and the background checks on shareholders and directors. Therefore, it’s always advisable to work closely with a reputable business setup consultant to ensure a smooth and hassle-free registration process.
Learning Path
RAKEZ allows a variety of business activities, including trading, manufacturing, and services. Companies can be set up as Free Zone Establishments, which are owned by individuals or corporate entities, or as Branch Offices of existing companies.
The requirements for setting up a business in RAKEZ depend on the type of company being established. Generally, companies must submit a business plan, provide proof of financial viability, and obtain necessary approvals from RAKEZ and other relevant authorities.
Yes, individuals can also set up businesses in RAKEZ. They can establish a Free Zone Establishment (FZE), which is a single shareholder company, or a Free Zone Company (FZCO), which can have multiple shareholders.
The process for setting up a business in RAKEZ involves several steps, including selecting a company name, submitting the necessary documents and fees, obtaining approvals, and obtaining a business license.
The cost of setting up a business in RAKEZ depends on several factors, such as the type of company being established, the size of the company, and the facilities and services required. RAKEZ offers a range of packages to suit different business needs and budgets.
RAKEZ offers a range of facilities and services to support businesses, including office space, warehouses, showrooms, and land for development. Other services include banking and finance, legal and consulting services, and access to a skilled workforce.
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