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Ras Al Khaimah Free Economic Zone

RAKEZ (Ras Al Khaimah Economic Zone)

The RAK Free Trade Zone was established in 2000 and the RAK Investment Authority in 2005, both of which contributed to the development of the Emirate of Ras Al Khaimah. But to take development to the next level, the two authorities decided to merge the free zones to expand their economic development and established the Ras Al Khaimah Economic Zone (RAKEZ) in 2017.

Ras Al Khaimah Economic Zone (RAKEZ) offers local and foreign investors a platform to spread their investments and help them enter local, regional and international markets by setting up companies in free trade zones. The RAKEZ company enjoys a strategic location and access to many emerging markets in the Middle East, South Africa, Europe, and South and Central Asia.

The Benefits of Business Setup in RAKEZ

Entrepreneurs and foreign investors can avail the below-discussed benefits by starting a business in RAKEZ:

  • 100% exemption from corporate and personal income tax
  • The company enjoys 100% freedom of foreign ownership and full return of profits
  • Re-exported goods are duty-free
  • Flexible equipment available at very low prices
  • Warehouses are offered at affordable prices. They are available in various sizes and are located near seaports and airports
  • There is unlimited space to expand your industrial operations with many developments

Quick Query

Business Activities in RAKEZ

The Ras Al Khaimah Economic Zone provides a wide range of financial and professional business activities. Here are some of the most popular options:

  • Consultancy
  • Oil and Gas Trading
  • E-Trading/E-Commerce
  • Accounting and Bookkeeping
  • Media
  • Hospitality
  • Insurance Services
  • Trading of Various Activities
  • Import and Export
  • Advertising
  • Web Design
  • Marketing
  • Manufacturing
  • Travel Agency

Business License Available in RAKEZ

Commercial License

Investors can register their company with RAKEZ under a commercial license. This license allows entrepreneurs to trade goods. Companies can be registered as free zone companies or non-free zone companies, depending on the preference of the entrepreneur.

Educational License

An educational license allows investors to enter the education business. By registering your educational institution under an education license, investors can find all kinds of businesses related to education in the RAK Economic Zone.

E-Commerce License

RAK free zone offers e-commerce licenses for business owners where they can trade their goods and services through online portals/platforms.

General Trading License

To increase the limit of their goods, merchants or business owners can register with RAKEZ for general trading licenses.

Professional/Service License

Professional licenses are granted to people who provide professional services at RAKEZ. A professional business owner must have certain skills or experience. A service license entitles the holder to provide service or advice in any industry in a RAK-free zone.

Industrial License

Companies involved in the manufacture, import, packaging or export of products can choose an industrial operating license in the RAK economic zone.

Media License

To promote the media industry and attract more investors to the media industry, the RAK economic zone issues media permits. Owners of companies involved in the production of media-related activities can obtain media licenses for their companies.

Tourism License

The tourism permit is only valid for tourism-oriented business activities in RAKEZ.

Procedure for Business Setup in RAKEZ

RAKEZ is a fertile place to start your business in the United Arab Emirates. You have to follow 3 steps to set up your RAKEZ business

1. Selecting the Right Package

The first step is to choose the right location, facility and license. Choosing the right location, facilities and license will make your business package. This completes 25% of the start-up process for your company.

2. Submission of Application and Documents

For this step, MAD Middle East can guide you through all the procedures and company policies created at RAKEZ. To ensure that all requirements are met and all documents are sorted by you, MAD Middle East examines the portfolio following current corporate law. Once you have submitted all the documents, you will receive a notification from the authorities to proceed to the next step, which is a payment of fees. You can choose one of below three payment options:

  • Direct cash payment at the Free Trade Zone office
  • Bank transfer to the account details mentioned on your invoice
  • Online payment the official website

3. Issuance of Business License

The final step is to collect your trading license along with your registration kit and bank letter after the registration formalities are completed. You can then start the visa application process.

What We Offer

Starting a company in RAKEZ (Ras Al Khaimah Economic Zone )has its advantages. MAD Middle East can assist you with documentation, permits, visa applications, banking procedures, business registration and other legal documents you may need to start your business. At MAD Middle East, we guarantee that your business can get off to a great start in a cost-effective way. To start your business venture, contact us for help or guidance on starting a business at RAKEZ.

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