Located in the heart of Ras Al Khaimah, Ras Al Khaimah Economic Zone (RAKEZ) is a powerhouse in the UAE offering customized solutions within a vibrant ecosystem. RAKEZ has a particularly green approach and is home to over 50 industries. From freelancers and startups to SMEs and industrialists serving the media, academia, business and industry.
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Located in the heart of Ras Al Khaimah, the Ras Al Khaimah Economic Zone (RAKEZ) is a powerhouse of the UAE.
Situated in the heart of Ras Al Khaimah, RAKEZ is more than just a run-of-the-mill business zone; it is a pulsating nerve centre dedicated to promoting sustainability and environmental awareness.
RAKEZ: A Sustainability and Innovation Hub in Ras Al Khaimah
With over 50 industries thriving within its ecosystem, RAKEZ offers customized solutions to a diverse clientele, including freelancers, startups, SMEs, and industrialists. Its services cater to a variety of sectors, from media and academia to business and industry, providing the perfect environment for innovation and growth. At RAKEZ, success is not just a goal; it is a way of life.
There are many benefits to opening a company in Ras Al Khaimah Economic Zone (RAKEZ). Here are some of the main benefits:
Strategic Location: RAKEZ is strategically located in Ras Al Khaimah, just a few minutes drive from Dubai and Abu Dhabi. This location gives businesses access to a large market and well-developed infrastructure.
Cost-effectiveness: One of the biggest advantages of setting up a company in RAKEZ is cost-effectiveness. Operating costs are lower compared to other free zones in the UAE and there are no hidden fees or charges.
Wide range of activities: RAKEZ offers a wide range of activities including trading, manufacturing, services and consulting. This allows businesses to choose the most suitable activity for their business needs.
Flexibility: RAKEZ offers a high degree of flexibility when it comes to setting up a business. It allows businesses to have 100% of ownership, and there are no restrictions on the repatriation of capital or profits.
World-class infrastructure: This ensures that businesses have access to the best resources to grow and expand their operations.
RAKEZ provides world-class infrastructure and facilities including modern office space, warehousing and logistics solutions.
Supportive Environment: RAKEZ provides a supportive business environment with streamlined processes and procedures. It also offers excellent customer service and support so that businesses can focus on their core business without distractions.
Tax Benefits: RAKEZ offers 0% corporate and personal tax rates, meaning businesses can save a significant amount of money on taxes.
Overall, RAKEZ provides a very attractive and competitive environment for companies looking to set up business in the UAE. Its strategic location, cost-effectiveness, flexibility and supporting infrastructure make it an ideal choice for businesses of all sizes and industries.
RAKEZ provides a very attractive and competitive environment for companies
To open a company and register a business in RAK, UAE, you can follow these general steps:
Choose your business activity: Determine the nature of your business and the activities it will perform. This will help you decide on the legal form of your business and the appropriate licensing authority.
Choose a legal form: Choose the legal form that best suits your business. Several options are available, such as Limited Liability Company (LLC), Free Zone Company (FZC), Branch Office, and Representative Office, among others.
Reserve a trade name: Reserve a trade name for your business. This can be done through the Department of Economic Development (DED) or the relevant free zone authority.
Obtain the necessary licenses: Obtain the necessary licenses and permits required for your business activities. This may include, but is not limited to, a trade license, commercial license, industrial license, or professional license.
Register your business: Register your business with the relevant authorities. This may include registering with the DED, registering with the relevant free zone authority, or registering with both, depending on the legal form of your business.
Secure visas and work permits: Apply for visas and work permits for yourself and any employees you may hire, allowing you to legally reside and work in the UAE.
Open a bank account: Open a bank account in the name of your business. This will allow you to conduct financial transactions and manage your business finances.
These are general steps that may vary depending on the specific requirements and regulations of RAK, UAE. It is recommended to seek the assistance of a business consultant or local sponsor who can help you through the entire process and comply with all legal requirements.
