- Company Formation
Ras Al Khaimah Economic Zone RAKEZ Free Zone
RAKEZ Free Zone or Ras Al Khaimah Economic Zone was the initiative guided by the vision of His Highness Sheikh Saud bin Saqr Al Qasimi, Ruler of Ras Al Khaimah and United Arab Emirates Supreme Council Member. RAKEZ was established with the motive to oversee and consolidate specialized zones and clients of both RAK Investment Authority (RAKIA) and Ras Al Khaimah Free Trade Zone (RAK FTZ). We are experts when it comes to RAK Free Zone company setup and can be counted on to lend our professional expertise to all matters involving company formation.
Ras Al Khaimah Economic Zone (RAKEZ) Free Zone is a great achievement because it’s estimated to be one of the largest economic zones in the region. The zone covers around 33 million square meters of land and comprise of more than 13,000 companies. RAKEZ business zone is currently served by RAKIA and RAK FTZ from more than 100 countries and represent over 50 business sectors. Business setup in Ras Al Khaimah Economic Zone is the continuation of RAKIA which established in 2005 and RAK FTZ established in 2000.
RAKEZ is committed to extend great support by empowering clients and investors. They offer cost-effective and world-class economic solutions with customized packages and services as well as state-of-the-art facilities. RAKEZ Free Zone connects investors to the growing markets of the world because of its strategic location.
Freezone Locations
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RAKEZ
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DMCC
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DIFC Free Zone
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Sharjah Media City
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Masdar City Free Zone
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SRTIP Free Zone
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Ajman Media City
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Sharjah Publishing City
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DWTC
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JAFZA
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IFZA DSO
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SAIF Zone
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Fujairah Creative City
- How it works
RAKEZ Free Zone Features
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RAK free zone company setup offers 100% ownership
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Entity formation as free zone and non-free zone
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Quick and efficient business setup processes
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Ability to build on-site staff and accomodation
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Wide-range of businesses, industrial facilities, and value-added services
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One-stop solution for all services
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Customer portal with self-service
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Strong connectivity to major logistical hubs and multilane super highways
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Business setup in Ras Al Khaimah offer easy accessibility via an international spread of regional offices
RAKEZ is Divided into Specialized Zones
RAKEZ Business Zone
Al Hamra Industrial Zone
Al Ghail Industrial Zone
Al Hulaila Industrial Zone
RAKEZ Academic Zone
Advantages of Sharjah Publishing City
One of the major advantages is that you can establish your publishing business in the Sharjah Publishing City Free Zone with zero startup capital.
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100% foreign ownership allowed
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Zero corporate and income taxes
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Open 24/7 to cater to the needs of the publishing industry Open 24/7 to cater to the needs of the publishing industry
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Business License granted in ten days
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More than 1,500 designated commercial activities allowed
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Can have a Dual Business License (both Mainland and Free Zone)
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Easy opening of Corporate Bank Account
Structuring of Business Operations in the Free Zones and Non- Free Zones
The business operations of a company registered in RAKEZ free zone can be structured in either one of the following ways:
- Branch of a foreign company or locally registered entities;
- As a Free Zone Establishment (FZE), wherein there is only one shareholder
- As a Free Zone Limited Liability Company (FZ-LLC), wherein there are 2 – 5 shareholders
Business Structure Options in RAKEZ Non-Free Zone
- INDIVIDUAL ESTABLISHMENT: Sole owner
- LIMITED LIABILITY COMPANY (LLC): 2 or more shareholders (upto 50 shareholders)
A non-free zone operation requires a UAE national partner.
In case of a Free Zone Establishment (FZE) and Free Zone Limited Liability Company (FZ-LLC) the minimum capital requirement is AED 100,000). However, it is not mandatory to evidence the deposit of the capital amount.
If it’s a non-free zone company, it will have sufficient capital to achieve the purpose of incorporation and the capital has equal shares in value. In case of a proposal made by the minister in combination with the competent authorities, cabinet may issue decision that determines the minimum capital of the company.
Ras Al Khaimah Economic Zone (RAKEZ) Company Setup
Company setup in RAKEZ Free Zone offers unparalleled advantages for entrepreneurs and companies looking to establish themselves in the UAE. Established in 2017 through the consolidation of the RAK Free Trade Zone (RAK FTZ) and the RAK Investment Authority (RAKIA), the Ras Al Khaimah Economic Zone (RAKEZ) stands as a leading facilitator for business establishment and growth in the United Arab Emirates (UAE). This strategic merger streamlined company registration processes and expanded the available industry scope, presenting a wealth of opportunities for ambitious investors.
With the UAE’s corporate outlook predicting continued economic growth in the next few years, RAKEZ provides an ideal opportunity to capitalize on this potential. Its vast spectrum of firm structures and specialized zones meet a wide range of needs, from thriving commercial activity in the RAKEZ Business Zone to concentrated industrial expertise in Al Hamra, Al Ghail, and Al Hulaila. Even academic institutions can thrive in the RAKEZ Academic Zone. While geopolitical and global economic swings provide some hurdles, RAKEZ’s strong infrastructure and tax-free environment provide a secure and beneficial foundation for corporate growth.Businesses setup in UAE can leverage RAKEZ’s strategic location and investor-friendly policies to establish a strong presence in the region. Let us therefore delve deeply into comprehending the RAKEZ Free Zone in the UAE.
Benefits of Establishing a Business in RAKEZ
Business setup in RAKEZ gives many benefits, creating a fertile ground for your venture to flourish. Here are some key advantages:
Tax Haven
RAKEZ operates under a zero-tax regime, exempting companies from corporate and personal income taxes. As a result, this translates to significant cost savings and higher profit margins.
Unrestricted Ownership
Enjoy complete control over your business with 100% foreign ownership permitted. Additionally, you benefit from full profit repatriation, ensuring unhindered capital flow.
Trade Facilitation
Streamline your import and export operations with complete exemption from import and export duties within the free zone. This fosters efficient international trade and reduces overall costs.
Cost-Effectiveness
Compared to other free zones, RAKEZ offers competitive operational costs, including flexible setup packages and business-friendly regulations. Moreover, this makes it an attractive option for budget-conscious
businesses.
Transparency and Flexibility
RAKEZ’s legal framework is known for its clarity and adaptability. This allows for a smooth business setup process and facilitates quick decision-making.
Procedures for Company Setup in RAKEZ Free Zone
Choosing the Right Business
At Emna Capital, we understand that selecting the appropriate business is crucial for growth. RAKEZ offers a diverse range of business licenses and facilities tailored to various industries. Therefore, it becomes essential to align the chosen business with the available licenses and facilities to ensure compliance with regulatory requirements and operational needs.
Submission of Application and Documents
- Document Requirements: Applicants need to submit a comprehensive set of documents. These documents typically include:
- Completed applications
- Passport copies
- Visa copies
- Educational and experience certificates (if applicable)
- A detailed business plan outlining operations and financial projections.
Receiving Your Business License
Upon successful submission and review of documents, the final step involves obtaining the business license. This license grants legal permission to operate within RAKEZ. However, it is important to note that the license type varies based on the nature of the business.
We Work Closely With All Government Agencies
We’re always on the same page with government agencies, working together to get the job done!
Frequently Asked Questions About Emna Capital
Here are some common questions we receive about our financial solutions
The UAE allows you to set up your business in the free zone, offshore or Business setup in mainland requires a local sponsor and the license is issued by DED. Free zone companies can operate within a limited geographical region and the license is issued by particular free zone authority.
Offshore businesses in UAE allow your company to trade outside UAE as well as take efforts to safeguard your wealth and assets. Offshore companies get a certificate of incorporation and not a trade license. All types of companies can be started in UAE and more than a thousand activities are allowed by the Economic Department.
If you want to renew your Dubai commercial license, the applicant should submit the DED registered certificate with the necessary approval from the Ministry of Economy and National Media Company. If you want to renew your Dubai trade license, then you should submit a valid Ejari certificate and other lease contracts.
Emna Capital supports entrepreneurs in obtaining their business license in Dubai and timely renewal of the same.
UAE is a perfectly located biggest market of the world. It serves as a perfect destination to invest in different kinds of business. The business owners are free from taxes and they can expect exceptional logistics in all the emirates. You don’t have any capital restrictions while starting your business. Financial freedom is an attractive point that brings in employees from foreign districts.
UAE has mind-blowing business opportunities; business setup Consultant in UAE can guide you through the entire company formation process!
Being a trustworthy and professional business consultant, we ensure fast and reliable business setup in free zones. Usually, it takes around 3 to 10 days to setup your free zone company; it may differ according to the selected free zone. We make sure that all your documents are legal and concerned authorities have attested them.
If you’re not consulting a business consultant, it will take up to few weeks and it’s becomes difficult to clear all the legal procedures. So, consider Emna Capital for your free zone business setup!
To establish your LLC Company in Dubai mainland or anywhere else in UAE, you have to reserve a trade name and other necessary preliminary approvals from concerned authorities. You get an MOA from the company and also, submit the lease contract to the licensing authority. Also, find a local partner and rented office space to start your business.
This depends on your needs, as well as the needs of your business. You could set up your company as a Sole Establishment (this is the same as a Sole Proprietorship), as a Limited Liability Partnership, a Limited Liability Company, a Private Limited Company, or a Professional Services Company.
You also have the option of setting up your company on the mainland, in a free zone (only limited liability company structures are permitted here), or offshore.
A physical presence is mandatory for companies established on the mainland and in free zones. However, an offshore company is not permitted to lease office space in the UAE.
The good news is that there is affordable office space for everyone. If you want to keep your initial costs down, you could look at renting an office or any number of dedicated desks in a co-working space on the mainland. These are all fully furnished and ready to move in. In a free zone, you need to rent at least a desk in a shared office space. The added advantage is the some free zones allow you rent a flexi-desk, that is a desk you will be using for say, ten hours in a week. You still get your dedicated PO Box so that you have a unique address.
To identify the best business setup consultants in Dubai, look for the following parameters:
Expertise: Professionals and industry experts can customize your experience according to your requirements.
Local Knowledge: Consultants who have worked with the local rules and regulations and made businesses thrive are the best to go after for your needs.
Quick & Effective: Fast setup with effective and comprehensive solutions make the process hassle-free.
Emna Capital is a superbrand known for the three parameters.