In the ever-expanding landscape of global business, Ras Al Khaimah Economic Zone (RAKEZ) stands out as a prime destination for entrepreneurs and companies seeking to establish a presence in the United Arab Emirates (UAE). With its strategic location, strong infrastructure, and investor-friendly policies, RAKEZ offers an attractive environment for business growth and expansion. RAKEZ, or the Ras Al Khaimah Economic Zone, was created under the visionary leadership of His Highness Sheikh Saud bin Saqr Al Qasimi, the Ruler of Ras Al Khaimah and a Supreme Council Member of the United Arab Emirates. In this guide, we'll delve into the complexities of setting up a company in Ras Al Khaimah , exploring the comprehensive Business Setup for Ras Al Khaimah Economic zone available and highlighting the benefits of operating within this dynamic economic zone.
RAKEZ is one of the fastest-growing economic zones in the UAE, located in the emirate of Ras Al Khaimah. It provides a wide range of business solutions according to the needs of diverse industries, including manufacturing, trading, services, and logistics. RAKEZ offers investors access to state-of-the-art facilities, simplified company formation processes, and a supportive regulatory framework designed to foster business growth.
Setting up a company in the Ras Al Khaimah Economic Zone marks a significant accomplishment due to its status as one of the largest economic zones in the region.
Covers approximately 33 million square meters of land.
Hosts over 13,000 companies.
Consolidation of RAKIA and RAK FTZ.
Boasts a diverse clientele from over 100 countries.
Represents more than 50 business sectors.
Committed to empowering clients and investors.
Offers cost-effective and world-class economic solutions.
Provides tailor-made packages and services.
Features state-of-the-art facilities.
Strategically located as a gateway to burgeoning global markets
Ras Al Khaimah company formation presents several attractive features:
100% Ownership: Enjoy the freedom of full ownership of your entity within the free zone framework.
Flexible Entity Formation: Choose between free zone and non-free zone entity formations based on your business requirements.
Efficient Setup Processes: Experience quick and streamlined business setup procedures, ensuring a hassle-free start to your venture.
Diverse Business Opportunities: Access a wide range of business opportunities, industrial facilities, and value-added services within the RAK Free Zone companies.
Customer Portal: Access a customer portal offering self-service capabilities, enhancing convenience and accessibility for clients.
Strategic Connectivity: Enjoy strong connectivity to major logistical hubs and multilane super highways, facilitating seamless movement of goods and services.
Global Reach: With international regional offices, business setup in Ras Al Khaimah offers easy accessibility and support across the globe.
Market Access: Tap into markets across various regions, including the Middle East, Asia, North Africa, and Europe, leveraging RAK's strategic location for international trade and expansion opportunities.
When structuring business setup in ras al khaimah freezone, companies have several options based on their preferences and requirements:
Companies can establish a branch within the free zone, whether they are foreign entities looking to expand into the region or locally registered entities seeking to benefit from the advantages of operating within the free zone framework.
This option involves setting up a company in ras al khaimah economic zone where there is only one shareholder. FZE offers the advantage of complete ownership and control by a single entity.
Companies can opt to register as a Free Zone Limited Liability Company, allowing for 2 to 5 shareholders. FZ-LLC provides a suitable structure for businesses looking to have multiple stakeholders while still enjoying the benefits of operating within the free zone.
Each structure offers distinct advantages and considerations, and businesses should choose the one that aligns best with their objectives, ownership preferences, and operational needs within the RAKEZ ecosystem.
Below mentioned is the process of business setup services for ras al khaimah freezone:
Selecting Business Activities: Determine the nature of your business activities and choose the appropriate business licenses for Ras Al Khaimah based on your operational requirements.
Choosing a Legal Structure: Decide on the legal structure of your company, whether it's a Free Zone Company, Non-Free Zone Company, or Branch Office, considering factors such as ownership, liability, and taxation.
Reserving a Trade Name: Choose a unique and relevant trade name for your company and ensure its availability by reserving it with the relevant authorities.
Submitting Documentation: Prepare and submit the required documentation for company formation, including the application form, passport copies, business plan, and relevant certificates.
Obtaining Approvals and Licenses: Once the documentation is submitted, await approval from the authorities and obtain the necessary licenses and permits to commence business operations.
Opening Bank Accounts: Set up corporate bank accounts with reputable financial institutions in the UAE to facilitate transactions and manage finances effectively.
Commencing Operations: With all approvals and licenses in place, you're ready to officially launch your business operations in Ras Al Khaimah Economic Zone.
Connect with experts at Dhanguard to make this process easier and efficient. From initial consultation to post-setup assistance, count on us to make your journey towards business setup services for ras al khaimah economic in UAE a smooth and successful one.
Business licenses for ras al khaimah, includes:
General Trading License: Allows businesses to store, distribute, and import all items in accordance with RAKEZ's norms and regulations.
Commercial Trade License: Allows the trading of products indicated in the license, as long as the RAKEZ laws are followed.
Service License: Allows a registered entity to provide certain services, such as business consulting, legal services, and accounting firms.
Industrial License: Allows the import of raw materials, the manufacture of certain products, the assembly, exporting, and packaging of finished goods to any country.
Benefits of Setting Up RAK freezone companies are:
Situated at the crossroads of Europe, Asia, and Africa, RAKEZ offers easy access to global markets, making it an ideal hub for international trade and commerce.
RAKEZ provides a tax-efficient environment for businesses, with zero corporate and personal income tax, ensuring maximum profitability and competitiveness.
Business setup services for Ras Al Khaimah freezone boasts world-class infrastructure and modern facilities, including office spaces, warehouses, and logistics centers, to support the diverse needs of businesses across various sectors.
RAKEZ is committed to promoting a business-friendly environment with streamlined procedures, flexible regulations, and responsive government support to facilitate investment and growth.
Setting up a company in the Ras Al Khaimah Economic Zone offers entrepreneurs and companies a plethora of opportunities for growth, expansion, and success in the dynamic landscape of the UAE. With its comprehensive Business Setup Services for Ras Al Khaimah Economic, investor-friendly policies, and strategic advantages, RAKEZ emerges as a preferred destination for businesses looking to thrive in the global marketplace.
Whether you're a budding entrepreneur or a seasoned investor, RAKEZ provides the perfect platform to turn your business aspirations into reality, paving the way for sustainable growth and prosperity in the vibrant economy of the UAE.
Although the procedure of forming a company in RAKEZ is simple, getting the advice of a business professional can save you time and money by avoiding unnecessary delays and paperwork. Dhanguard can assist you throughout the entire process of establishing a business in RAKEZ. Connect with our experts Today!
RAKEZ stands for Ras Al Khaimah Economic Zone, a business-friendly free zone established to attract foreign investment and facilitate business setup in Ras Al Khaimah, United Arab Emirates (UAE).
RAKEZ allows a wide range of business activities including trading, manufacturing, consultancy, logistics, and more. Specific activities permitted depend on the type of license obtained.
RAKEZ offers various types of licenses such as Commercial, Industrial, and Service licenses, catering to different business activities. Additionally, there are also e-commerce licenses and freelance permits available.
The time frame for obtaining a business license in RAKEZ typically ranges from 1 to 5 working days, depending on the type of license and completeness of the application.
Some benefits include 100% foreign ownership, 100% repatriation of capital and profits, 0% corporate and personal income tax, strategic location with access to regional markets, state-of-the-art infrastructure, and simplified procedures for business setup.
No, RAKEZ allows 100% foreign ownership, eliminating the need for a local sponsor or partner for most types of business activities.
Business license renewal in RAKEZ involves submitting the necessary documents and fees to the authority within the specified time frame, typically one year. Renewal can be done online through the RAKEZ portal.
We are proud to be the only Authorized Banking Consultants in UAE!. DG is UAE's largest Banking Experts Consulting Platform
With us, you can easily search all the Banks offering company accounts. We are working with more than 50 Banks.
Compare all the account packages available ith UAE Banks. We have more than 50 packages updated.
When you have choosen the right bank and your account package, contact us and you can have your bank account ready in no time!
