About Dubai Ras Al Khaimah Economic Zone
One of the most stable business set up destinations in the UAE, Ras Al Khaimah Economic Zone company formation provides foreign investors with an ideal environment to expand into the local and regional market. Situated at a strategic location in Ras Al Khaimah the free zone is connected by seaports, international airport and highways providing companies ease of access in conducting their business activities. RAKEZ consists of over 14,000 companies involved in numerous business activities. Other than a business-friendly environment the free zone also provides residential facilities to its investors
Why choose Ras Al Khaimah Economic Zone
A dedicated zone for startups, SME’s, freelancers, and entrepreneurs.
Special package for female entrepreneurs
Advanced infrastructure for all types of business activities
Strategic location with connections to seaport, airport, and road networks
100% foreign ownership and repatriation of capital
Corporate and income tax exemptions
A range of office solutions including flexi desk, office, and warehouses
RAKEZ allows numerous businesses activities and licenses
Types of licenses for RAKEZ company formation
- Trading – Allows the import, export, and distribution of specific products
- Services – Allows companies to conduct specified professional services
- Industrial – Is required for the manufacturing and production of goods
- Other licenses – these are specific to the type of business activity such as tourism, education, and media.
Types of business structures
Free Zone Company
- Must have 2 to 50 shareholders
- Minimum share capital of AED 1000
Free Zone Establishment
- Requires a single shareholder
- Local or foreign company
- Must conduct same activity as the parent company
- For all freelance activities
RAKEZ company set up in 3 easy steps
At LegalWorks we will assist you in every step of the RAKEZ company formation process from the documentation collection to payment of registration and license fees. We hope to make the entire process easy and straightforward for you
1. Choose your business structure
Our team of specialists will take you step by step through the initial procedures of the incorporation process. We will assist you in determining the license you require according to your business activity and the company structure best suited to your needs. Once this is decided we will help you select and register the company tradename.
2. Submit your online application
Once you have completed the initial incorporation, the license registration process for RAKEZ company set up can begin, and the required documents submitted. The documents needed for the license include Memorandum and Articles of Association, a comprehensive business plan, Emirates ID, and NOC from the resident visa sponsor.
3. Payment and collection of license
Our team will assist you in the payment of the license fees. The approximate cost of a commercial license is AED 15,000 but varies with the type of license. An industrial and trading license costs more. Once the payment is processed you will receive your license and can begin running your business
Once you have received your license you can begin the visa process and rent an office space for your newly formed company. RAKEZ offers multiple office options to companies. The type of offices available and their cost depends on the type of license a company opts for. For example, a company with a commercial license can opt for a standard office for AED 33,000 per year but the same office facility will be available to a company with a service license for AED 34,000. Our team can take you through all office options available and help you choose the right one for your company and number of employees.
|Type of office||Flexi desk||Standard office||Executive office|
|cost||AED 22,000||AED 33,000||AED 43,000|
Cost of Company set up
Team up with LegalWorks to avail our RAKEZ company registration services and experience the best the free zone has to offer.
|Registration fee||AED 2150|
|Security deposit||AED 5000|
|License fee||AED 15,000|
|Medical Test, Emirates ID & Photo||AED 1250|
|Employment visa||AED 2970|
|Investor visa||AED 3950|