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Ras Al Khaimah Economic Zone

Ras Al Khaimah Economic Zone (RAKEZ) Is a UAE free zone, and one of the leading investment hubs in the country. First established to consolidate the specialized zones & clients of the RAK Free Trade Zone (RAK FTZ) and the RAK Investment Authority (RAKIA), RAKEZ now offers customizable business solutions for both non-free zone and free zone companies. Freelancers, solo entrepreneurs, startups, SMEs, and industrialists can all set up shop in this multinational community of over 50 flourishing industries.

Home to a rich local culture, scenic views, and modern infrastructures while being backed by reputable credit rating agencies and having a business-friendly environment, RAKEZ prides itself on its safety and stability.

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Advantages of a Setting Up a Business
in RAKEZ

Foreign Ownership

The RAKEZ free zone allows foreigners to fully own companies, relieving them of the requirement to partner with a UAE local who would own 51% if the business. In addition, there are no restrictions on foreign exchange transactions and access to other free zone facilities, making entry easier for non-locals.

Easy Business Setup

Business setup in the UAE within RAKEZ is fast and efficient, especially with a company setup consultant like Creative Zone who helps with all requirements and procedures, including the similarly quick process of securing UAE residencies and visas. RAKEZ is also known as a central location for government services and has self-service customer portals on offer for entrepreneurs, adding more convenience to the business setup process.

Cost-Efficient, High-Quality Environment

RAKEZ is one of the world’s most cost-effective economic zones, which makes it an ideal place to start a new business in the UAE. In addition, land prices and the cost of living in Ras Al Khaimah is very inexpensive.

Connectivity to Local and International Markets

The Ras Al Khaimah free zone is highly accessible to trade flows between the east and the west, while being connected to major logistical hubs and multi-lane superhighways. It houses seaports and an international airport, making RAKEZ-based businesses in the UAE accessible to an international spread of regional offices and markets across the MENA and Asia regions.

Wide Range of Business Opportunities

Among the many activities permitted in the Ras Al Khaimah Economic Zone include manufacturing, pharmaceuticals, importing and exporting, food industries, and robotics. Under these, business owners can enjoy a wide variety of industrial facilities and value-added services offered by RAKEZ. They can also take advantage of flexible and transparent regulations that are business-friendly, making it easy to grow their companies.

Cost of Setting Up a Company
at RAKEZ

The price to set up a company in RAKEZ starts at justAED 5,499.

This rate will differ based on the business activities, number of shareholders, office space requirements, and other factors.

To get an estimate of your rates for this form of business setup in the UAE,
use our COST CALCULATOR

Explore Monthly
Payment Plans

with Selected Banks

Convert your transactions into easy and affordable monthly instalments with our selected range of banking partners. Spend a minimum of AED 1,000 on your credit card issued from any of our participating banks and repay in easy instalments over a period of 12 months.

Steps

Types of Licenses Offered
by the Ras Al Khaimah Economic Zone

There are ten (10) trade licenses offered in RAKEZ, with their own restrictions on
free zone and non-free zone operations:

Commercial
Allows for the trading of goods and services
Educational
Allows the opening of educational institutions or consultancies
E-Commerce
Allows for the trading of goods and services via electronic means
General Trading
Allows the trading of multiple goods
Individual/Professional
Allows an individual to conduct one activity in a specific specialty
Commercial
Allows for the trading of goods and services
Educational
Allows the opening of educational institutions or consultancies
E-Commerce
Allows for the trading of goods and services via electronic means
General Trading
Allows the trading of multiple goods
Individual/Professional
Allows an individual to conduct one activity in a specific specialty

Requirements for Obtaining
a RAKEZ License

There are quite a few requirements for those who wish to join the Ras Al Khaimah free trade zone companies list, depending on the
nature of the company and how it will be set up.

Requirements
Free Zone FZ-LLC
Non-Free Zone IE or LLC
Registration & Licensing Application

Chamber of Commerce Membership Application

Department of Economic Development Registration

Visa Copy or Entry Stamp of Shareholders, GM, & Director (if applicable)

Original No Objection Certificate for Shareholder(s)/GM (if UAE resident)

Family Book & Emirates ID of UAE Shareholder or Local Service Agent (whichever is applicable)

Business Plan (only for specific activity)

Colored Passport Copy of Shareholders, GM, Director (if applicable)

Emirates ID Copy of Shareholders, GM (if applicable)

UBO Declaration Form & Passport Copy


Requirements
Free Zone UAE BranchFree Zone Foreign BranchNon-Free Zone UAE BranchNon-Free Zone Foreign Branch
Registration & Licensing Application
Chamber of Commerce Membership Application
Department of Economic Development Registration
Colored Passport Copy of Shareholders, GM, Director (if applicable)
Visa Copy or Entry Stamp of Shareholders, GM, & Director (if applicable)
Original No Objection Certificate for Shareholder(s)/GM (if UAE resident)
Shareholders/Board Resolution Resolving Establishment of a RAKEZ Company & Appointment of GM
Family Book & Emirates ID of UAE Shareholder or Local Service Agent (whichever is applicable)
Business Plan (only for specific activity)
Copy of Valid Trade License
Memorandum & Articles of Association
Commercial Register
Certificate of Registration
Certificate of Good Standing/Extract from Corporate Register (whichever is applicable)
Certificate of Incumbency
Emirates ID Copy of Shareholders, GM (if applicable)
UBO Declaration Form & Passport Copy

Requirements
Free Zone UAE BranchFree Zone Foreign BranchNon-Free Zone UAE BranchNon-Free Zone Foreign Branch
Certificate of Good Standing/Extract from Corporate Register (whichever is applicable)
Certificate of Registration
Application for Registration and Licensing of a Branch Entity
Business Plan (only for specific activity)
Chamber of Commerce Membership Application
Colored Passport Copy of GM, Director (if applicable)
Commercial Register
Copy of Valid Trade License
Department of Economic Development Registration
Emirates ID Copy of Shareholders, GM (if applicable)
Family Book & Emirates ID of UAE Shareholder or Local Service Agent (whichever is applicable)
Memorandum & Articles of Association
Original No Objection Certificate for GM (if UAE resident)
Shareholders/Board Resolution Resolving Establishment of a RAKEZ Company & Appointment of GM
UBO Declaration Form & Passport Copy
Visa Copy or Entry Stamp of GM, Director (if applicable)
  • Legal Consultancies Application
  • Attested Degree in Law (for appointed manager)
  • Attested Document Confirming Professional Experience, with Seniority of at least 5 years (for appointed manager)
  • • Designated Non-Financial Businesses and Professions
  • Letter of Undertaking

Six Dedicated Zones at the Ras Al Khaimah Economic Zone

The types of companies that can be registered in the Abu Dhabi Global Market are determined by its governing bodies. Generally, these are the common business structures under ADGM:

Steps in Setting Up a Business in RAKEZ

There are only three simple steps to the Ras Al Khaimah business registration process in RAKEZ, which are:

1

Determine your business activities

Setting up in RAKEZ could lead to one of the best businesses in the UAE, as there are many activity options to choose from. It’s crucial to first decide on what activities your company will be undertaking. This will help us choose the best setup for you in terms of license, legal entity, and facilities.

2

Prepare & submit your application documents

Although there are multiple required documents when joining the list of companies in RAKEZ, the process is still quick, efficient and can be completed in a matter of days – especially with business setup partners like Creative Zone.

3

Retrieve your business license

Once your application is completed and approved, you’ll receive your RAKEZ business license alongside your registration set and bank letter. From here, you may also proceed with your visa application process.

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