RAKEZ Business Setup Made Easy!
| Start Your Business with Ease!
Setup your business in Ras Al Khaimah Economic Zone (RAKEZ) with ease. Explore various options, obtain the perfect license, and enjoy exclusive benefits and support. Whether you are starting or growing your business, RAKEZ business setup provides the perfect platform for long-term success.
About Ras Al Khaimah Economic Zone
Looking for a cost-effective, business-friendly zone in the UAE? RAKEZ is the best choice. Formed through the merger of RAK Free Trade Zone and RAK Investment Authority, it has grown into a dynamic hub in Ras Al Khaimah. Home to over 21,000 companies across 50 diverse sectors.
RAKEZ is located near RAK Airport and a seaport as it has a good strategic position. RAKEZ Free Zone helps startups, SMEs, and industrialists with an easy setup process and offers diverse license opportunities. It is especially helpful for businesses in sectors such as accounting and marketing.
As a top rated business setup consultancy, we provide comprehensive support for RAKEZ Business Setup, ensuring a seamless and efficient process tailored to your industry needs.
RAKEZ Free Zone License Cost
The updated RAKEZ Free Zone license cost starts from AED 6,010 for a zero-visa business license and can go up to around AED 16,500 or more. The total cost of setting up a business in RAKEZ depends on factors such as the license type, number of visas, business activities, and office space requirements.
| Type Of License | Fees (AED) |
|---|---|
|
Zero Visa Commercial/Services/Media/E-Commerce/Education package |
6,010 |
|
One Visa Individual/Professional package |
13,000 |
|
One Visa Commercial/Services/Media/E-Commerce/Education package |
13,500 |
| Other Costs | Fees (AED) |
|---|---|
|
Employee Visa |
3,800 |
|
Medical Fee (Results in 24hrs) |
300 |
|
Emirates IDÂ |
370 |
Types of RAKEZ Trade Licenses
Here are the options available for any RAKEZ company when it comes to obtaining a RAKEZ trade license:
Commercial License
A commercial license enables you to trade goods and services in the UAE and beyond. As this license connects you with more people and gives you the freedom and trust you need to succeed in your business.
RAKEZ E-commerce License
Acquiring a RAKEZ e-commerce license is significant for expanding online product sales globally, engaging customer trust, and establishing a strong foundation for sustained online business success.
Individual License
With an individual service license, a single owner can operate in a specific field, like healthcare, consulting, or art, offering specialized services legally and building trust among the clients.
Media License
A media license authorizes various media activities, such as content creation and distribution. Whether you're a reporter or media professional, it ensures compliance with the new regulations of relevant authorities.
Service License
A service license offers the legal provision of specialized services for consulting firms, marketing agencies, and similar businesses, ensuring professionalism and compliance with regulations.
Educational License
For an education purpose school or educational consulting business, this license is mandatory. As part of RAKEZ company formation, it enables you to provide specialized training, deliver learning programs, and offer tailored solutions to meet schools' specific requirements.
General Trading License
Obtaining this license opens doors to diverse trading opportunities across various industries, paving the way for growth and benefiting from emerging prospects in both local and international markets.
Professional License
Professionals operating within the RAKEZ Free Zone are required to obtain a professional license to ensure compliance, allowing them to conduct their professional services within the United Arab Emirates.
RAKEZ Freelance Permit
Obtaining a freelance permit in the RAK Free Zone allows independent professionals in media, education, IT, and more to work legally, contributing to industry growth within the zone.
Industrial License
An industrial license allows legal operations in manufacturing, importing, packaging, and exporting, enabling global sales while ensuring compliance with quality and safety regulations.
Advantages Of RAKEZ Company Formation
The below-listed advantages showcase why RAKEZ is a preferred choice for entrepreneurs and businesses:
Foreign investors are allowed 100% ownership of their businesses without any restrictions.
Strategically located near ports and airports with strong regional and global connections.
Supportive infrastructure with World-class facilities and specialized business services.
It offers multiple licenses for your business operations without any additional costs or fees.
It offers the convenience of on-site staff facilities and dedicated labor accommodation
100% repatriation of profits and capital without any limitations or constraints.
Our Process Of RAKEZ Free Zone Company Setup:
The expert team of Now Consultant makes it easy to start your business in the RAKEZ Free Zone. With our simple RAKEZ business setup process, you can get your license in just three steps, and it only takes a few days to complete.
Choose Your Legal Entity & License:
We start with a detailed consultation to understand your goals and advise on the best business structure, RAKEZ Trade License, and activities suitable for RAKEZ Free Zone.
Trade Name Reservation:
Our team reserves your company name with RAKEZ and obtains the necessary initial approvals, ensuring your application is fully compliant with UAE regulations.
Collect Your Documents
We handle the complete documentation process, from preparing shareholder details to filing applications, saving you time and ensuring accuracy at every step.
Office Facility & License Issuance
Whether you need a flexi-desk, office, or warehouse, we guide you in choosing the right facility. Once approved, we secure your business license from RAKEZ.
Bank Account Setup & Visa Processing
After license issuance, we assist with opening your corporate bank account and manage visa applications for shareholders and employees to make your business operational.
Business Structures In RAKEZ Free Zone
RAKEZ offers a variety of business structures to support entrepreneurs, freelancers, and established companies. The main business structures available in RAKEZ include:
Free Zone Establishment (FZE):
Ideal for a single shareholder who wants to fully own and manage their company. This structure is simple and provides complete control while enjoying the benefits of operating within a free zone.
Free Zone LLC (FZ-LLC):
A popular choice for businesses with multiple shareholders. It offers liability protection and flexibility, making it suitable for startups and established ventures.
Branch Office:
For local or international companies looking to expand into RAKEZ. This option allows them to operate under their existing company name and activities without forming a new legal entity.
Freelancer Permit:
Made for individual professionals who want to provide services legally within RAKEZ. It gives freelancers independence and recognition in the free zone business community.
Dual License
A structure that allows companies to register in both RAKEZ and the UAE mainland. This gives access to clients and opportunities across the entire UAE market while retaining free zone benefits.
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Business Activities Allowed Under RAKEZ Company Setup
RAKEZ Free Zone offers diverse opportunities across industries. Here are the main business activities you can set up:
Commercial Options
Engage in trading, distribution, import, export, and storage of a wide variety of goods.
Professional Services
Set up service-oriented companies such as advisory firms, consultancies, and technical service providers.
E-Commerce Business:
Obtain specialized licenses to run online retail platforms or business-to-business digital transactions.
Logistics & Warehousing
Perfect for businesses focusing on transportation, storage, and distribution, with direct access to ports and airports.
Industrial Ventures
Carry out light or heavy manufacturing, assembly, packaging, and other industrial production activities.
Media & Creative Projects
Take advantage of the media zone designed for agencies, freelancers, and creative businesses in advertising and design.
Educational Services
Establish institutions or training centers offering learning programs, professional development, or specialized courses.
Freelance Solutions:
Individuals can secure a freelancer permit, a cost-efficient option to provide independent services legally.
Documents Required For RAKEZ Business Setup
When setting up a business in RAKEZ, having the right documents ready is important. Below is the list of commonly required documents:
Passport Copies: Valid copies of the passports of all shareholders, directors, and managers associated with the company.
Visa Copy or Entry Stamp: Needed if the applicant is already living in the UAE or has recently entered the country.
Passport Sized Photos: Recent photographs with a white background for identification and official records.
Completed Application: A fully filled RAKEZ application form with correct details about the business and shareholders.
No Objection Certificate: Required if any shareholder or manager is employed under another UAE company or sponsor.
Company Incorporation Documents: For corporate shareholders, this includes the certificate of incorporation, memorandum of association, and articles of association, often notarized and attested.
Why Choose Us For Business Setup In RAKEZ?
RAKEZ is an ideal Free Zone for industrial businesses as well as startups and SMEs looking to grow in the UAE. At Now Consultant, we take pride in being one of the top tax and business setup consultants and a registered channel partner with RAKEZ. Our team of experts manages the entire paperwork and licensing process, ensuring a smooth and hassle-free RAKEZ business setup. With our guidance, you can focus on building your business while we handle the compliance and formalities.
- Company Formation In 2-5 Days
- Bank Account Assistance
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Frequently Asked Questions
What is the minimum cost of RAKEZ Free Zone Company Setup?
The minimum cost of RAKEZ company formation starts from around AED 6,010, making it one of the most affordable options in the UAE. The final price depends on the type of license, business activity, and additional services you choose, such as office space or visa packages.
How long does it take to set up a company in RAKEZ?
Setting up a company in RAKEZ is a quick and straightforward process. In most cases, it takes about 1 to 3 working days once all the required documents are submitted and verified.
Can foreigners own 100% of a company in RAKEZ?
Yes, foreigners can own 100% of a company in RAKEZ. The free zone allows complete ownership without the need for a local partner, giving investors full control over their business. This is one of the biggest advantages of setting up in RAKEZ compared to mainland company formation in the UAE.
What types of businesses are allowed in RAKEZ?
RAKEZ supports a wide variety of business activities, making it a versatile hub for entrepreneurs. Companies can operate in various sectors, including trading, commercial services, manufacturing, industrial, e-commerce, logistics, education, and media.
Do I need a local sponsor for the RAKEZ company setup?
No, you do not need a local sponsor to set up a company in RAKEZ. As a free zone, RAKEZ allows 100% foreign ownership, giving investors complete control of their business. This eliminates the requirement for a UAE national to be a shareholder or partner, which is typically necessary for mainland companies.
What Is The Fee For RAKEZ License Renewal?
The RAKEZ license renewal fee starts from AED 5,499, depending on your chosen package and business activity. If you continue with the same license type (such as Zero-Visa, 1-Visa, or 2-Visa) without changes, the renewal cost will remain the same as your existing package. However, if you add visas, modify activities, or upgrade your license, the cost may increase accordingly. It’s important to renew before the due date, as RAKEZ charges a late penalty of AED 50 per day after expiry.
